Pune, India, January, 2017, /MRFR Press Release/- Market Research Future Published a Cooked Research Report on Global Waterproofing Chemicals Market.
Market Overview
Waterproofing chemicals are used to prevent damage to the structure caused by water clogging and seepage when exposed to extreme weather condition such as heavy rains. It helps to enhance the durability and life of an edifice. Waterproofing chemicals are widely used in the construction industry either in the form of an emulsion or as a waterproofing membrane. The global waterproofing chemicals market is estimated to reach USD 17.02 Billion by 2023 and is expected to grow at a CAGR of 9.88% during the forecast period. The prominent factors favoring the growth of the market are growing demand for waterproofing chemicals from rapidly increasing construction and infrastructural activities in developing countries and growing demand for the waterproofing chemicals from roofing and walls application. However, the growth trajectory of the market is likely to be hampered by the cost-sensitive nature of the market owing to the fluctuating crude oil prices and price-conscious consumers, especially, in developing countries. Nevertheless, in coming years, the scope of the application for the waterproofing chemicals is likely to widen with its rising use in landfill and water management applications.
Segment Analysis:
The global waterproofing chemicals market has been segmented on the basis of type, application, and region. On the basis of the type, the market has been classified into bitumen, PVC, TPO, and EPDM, among others. Other waterproofing chemicals include polyurethane, silicone, polyethylene, and acrylic polymer. Among these types, bitumen held the largest share of the market in 2016 and is estimated to reach USD 17192.83 million by 2023. This is attributed to the easy availability and lower price of the bitumen as compared to its counterparts. However, TPO has been estimated to grow at the highest CAGR owing to its maximum recyclability and lower environmental impact.
Based on the applications, the global waterproofing chemicals market is segmented into roofing, walls, flooring, basement, tunneling, and others. Among these applications, the roofing and walls together hold over 50% share of the market due to higher vulnerability of the roof and walls to the rainwater. During the years to follow, the roofing application segment is projected to retain its dominance and is estimated to grow at the highest CAGR of 11.35% to reach USD 12640.80 million by the end of the review period.
Regional Analysis:
Read More About This Report: waterproofing chemicals market report
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Base Year | 2017 |
Companies Covered | 15 |
Pages | 123 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.