Waterproofing Chemicals Market
The global waterproofing chemicals market was valued at $3,652.5 million in 2015, and it is expected to grow at a CAGR of 6.6% during 2016-2022.
The global waterproofing chemicals market was valued at $3,652.5 million in 2015, and it is expected to grow at a CAGR of 6.6% during 2016-2022.
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Global <strong>Waterproofing</strong> <strong>Chemicals</strong> <strong>Market</strong> to Witness 6.6%<br />
CAGR During 2016 – 2022<br />
The global waterproofing chemicals market was valued at $3,652.5 million in 2015,<br />
and it is expected to grow at a CAGR of 6.6% during 2016-2022.
The global waterproofing chemicals market was valued at $3,652.5 million in 2015, and it is<br />
expected to grow at a CAGR of 6.6% during 2016-2022. The factors driving the growth of the<br />
global market include growth in the end-use market, favorable environmental regulation, and<br />
increasing compliance with international manufacturing standard. The growth of waterproofing<br />
chemicals market is largely driven by growth in the end user industry i.e., construction and<br />
manufacturing industry.<br />
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Among the various applications, the roofing segment held the largest share (33.1% in terms of<br />
volume) in the global waterproofing chemicals market. Roof is the most critical segment of the<br />
building structure, as it is directly exposed to continuously changing weather conditions, such as<br />
extreme heat and rainfall. Due to which, large volumes of different waterproofing chemicals are<br />
consumed for roofing applications.<br />
In 2015, Asia-Pacific held the largest share in the global water proofing chemicals market with<br />
39.2% share. The waterproofing chemicals market in the region is anticipated to witness the<br />
highest growth at a CAGR 7.6% during the forecast period. The major reasons behind the growth<br />
of the waterproofing chemicals market in the region are increasing investment for infrastructure<br />
development, large consumer base, and increasing compliance with international manufacturing<br />
standard. China dominated the Asia-Pacific, as well as global waterproofing chemicals market.<br />
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Some of the major players operating in the global waterproofing chemicals market include BASF<br />
SE, The Dow Chemical Company, Evonik Industries AG, Thermax Limited, Pidilite Industries<br />
Limited, Bostik Inc., Fosroc, Mitsubishi Chemical Holdings Corporation, Zeon Corporation, and<br />
Sika AG.<br />
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