Global Waterproofing Chemicals Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Waterproofing Chemicals Market Introduction:

“The global Waterproofing Chemicals 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.”

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Waterproofing chemicals are a mixture of different chemical compounds used to protect buildings from leakage and seepage and increases the durability of the final product. These chemicals are applied as additives and admixtures with the materials such as cement, plastics, colors, inks, paints and others. These chemicals have high reflectivity, provides better sealing properties and also helps to control the interior temperature of the building. Waterproofing chemicals can withstand with fire, high wind and other environmental conditions.

Increasing demand for waterproofing chemicals from rapidly growing residential construction sector, is expected to drive growth of the global waterproofing chemicals market over the forecast period. On the other hand, as commercial infrastructure activities are rising rapidly in the world, such as construction of tunnels, bridges, and roads, also anticipated to propel demand for waterproofing chemicals and drives the market growth.

Increasing demand for innovative construction solutions that are durable and require low maintenance, is expected to bolster demand for waterproofing chemicals over the long run. In addition to this, growing R&D activities associated with cost reduction in the installation of and technological advancements in order to improve the aesthetics is expected to boost demand for the product.

However, fluctuating prices of waterproofing chemicals and intense competition among different resin suppliers may hinder growth of the target market over the forecast period.

Analysis by Segment:

On the basis of product type, bitumen segment is expected to hold significant share in the market over the forecast period. It is projected to be the most lucrative segment during the forecast period, owing to its exceptional binding properties.

On the basis of technology, global market is segmented as preformed membranes, coatings & LAMS (Liquid Applied Membrane Systems), and integral Systems. Coatings & LAMS segment is expected to grow at a high rate.

On the basis of application, target market is segmented as roofing & walls, floors & basements, waste & water management, and tunnel liners. The roofing & walls segment is expected to hold significant share in terms of revenue.

Regional Analysis:

Geographically, Asia Pacific waterproofing chemicals market is expected to register a fastest growth rate over the forecast period in terms of revenue and volume, followed by North America. Emerging countries such as China, and India drives Asia Pacific waterproofing chemicals market owing to increasing construction and infrastructure activities.

Europe waterproofing chemicals market is also anticipated to register a substantial growth in the global waterproofing chemicals market. Middle East & Africa and Latin America are estimated to grow at moderate rate during the forecast period.

Global Waterproofing Chemicals Market Segmentation:

Segmentation by Product Type:

• Elastomers
• Bitumen
• Polyvinyl chloride (PVC)
• Thermoplastic polyolefin (TPO)
• Ethylene propylene diene monomer (EPDM)

By Technology

• Preformed Membranes
• Coatings & LAMS (Liquid Applied Membrane Systems)
• Integral Systems

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa