Waterproofing Chemicals Market Trend, Industry Growth and Worldwide Key Players Analysis | Sika AG, Fosroc, BASF SE, DowDuPont, Pidilite Industries Ltd. | Business Opportunity

Market Synopsis:
Waterproofing chemical is an integral part of the construction chemicals market accounting for a significant share. Waterproofing chemical is a synthetic chemical product that protect the structure from water penetration and percolation. Excess water penetration in buildings can shorten their life span and may cause an accidental damage to the structure, apart from electrical, metal and other structural hazards. Waterproofing chemicals increase the shelf life of concretes and other construction applications, provide durability to infrastructures. The Waterproofing chemicals can be broadly classified into types and applications.

Industry News:
In, June, 2016 - Sika has opened its second production plant in Saraburi, North of Bangkok. It has a production capacity of 100,000 tons of mortars and 65,000 tons of concrete admixtures per year. Moreover, the company has invested around USD 2.40 million in the expansion of its production site at Bludenz (Austria), in July 2016. A new warehouse and a new manufacturing line dedicated to manufacturing waterbars for structural waterproofing.

Key Findings in Report:
The Global Waterproofing Chemicals Market is projected to reach USD 32,915.00 million by the end of 2023 at a CAGR of 9.86%. Asia Pacific is accounted for the largest share due to high penetration of major end use industries in the region. China is the largest market not only in Asia Pacific but also in the global market. Bitumen held over 52% of the market in 2016 owing to easy availability and relative low price. Roofing and walls together holding more over 50% share of the market and is expected to be the dominant end user for waterproofing chemicals market across all regional segments during forecast period.

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Market Classification:
The global waterproofing chemicals market is categorized on the basis of application, type, and region.
On the basis of application; the market is divided into roofing, walls, flooring, basement, tunneling
On the basis of type; market is categorized into bitumen, PVC, TPO, EPDM
On the basis of region; the global waterproofing chemicals market is segmented into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Key Global Vendors:
The prominent players in the global Waterproofing Chemicals Market are- Pidilite Industries Ltd. (India), DowDuPont (U.S.), BASF SE (Germany), Sika AG (Switzerland), Wacker Chemie AG (Germany), RPM International Inc. (U.S.), Mapei S.p.A (Italy), Carlisle Companies Inc. (The U.S.), Fosroc (U.K), Drizoro S.A.U. (Spain), Conpro Chemicals (India), and Soprema Inc. (U.S.)

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