Global Waterproof Material Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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Global Waterproof Material Market Overview
"The Waterproof Material Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Waterproofing is the process of making a structure or an object resistant to water or any liquid substance by using a waterproof material to prevent it from getting affected. Waterproofing materials mainly include rubber, chemicals, etc., and provide increased durability to infrastructure and reduce the maintenance cost of building.
The rising demand for waterproof material in various industries such as construction, electronics, and paints & coatings is a major factor driving the global waterproof material market growth. In addition, the rising demand for waterproof textiles used in several products such as tents, backpacks, and other fabric-based garments is another factor driving the global waterproof material market growth. Moreover, the rising demand for waterproof material for packaging is expected to further fuel the growth of the global waterproof material market.
However, the high cost of waterproof material is a key factor restraining the growth of the global waterproof material market. The current trend observed in the market is the development of eco-friendly waterproofing materials and the increasing adoption of waterproofing materials for food packaging, the textile industry, and cosmetics. This trend is expected to further propel the growth of the global waterproofing material to a significant extent over the forecast period.
North America dominates in revenue in the global waterproof material market, owing to the presence of key vendors. The market follows the market in Europe in North America. At the same time, the market in the Asia Pacific is expected to witness considerable growth in terms of revenue with the highest CAGR of X.X%. This can be attributed mainly to rapid infrastructure development in countries in the region.
Global Waterproof Material Market Segmentation:
Segmentation of the global waterproof material market by type:
- Waterproofing membrane
- Waterproofing agent
Segmentation of the global waterproof material market by application:
- Consumer Electronics
Segmentation of the global waterproof material market by regions:
- North America
- Asia & Pacific
- Latin America
- Middle East &Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- BASF SE
- The Dow Chemical Company
- Carlisle Companies Inc.
- Pidilite Industries Limited
- Conpro Chemicals Private Limited
- Drizoro S.A.U.
- Akzo Nobel Chemicals AG.
- Johns Manville Corporation
- Mapei S.p.A.
- Sika AG
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