Waterproofing Chemicals Market Insights | Key Players: Dow Chemical Company (U.S.), BASF SE (Germany) & Wacker Chemie AG (Germany)

Waterproofing chemicals are especially required for improving the waterproofing capability of structures constantly dealing with liquids. Waterproofing chemicals have different types of chemistries involved in the manufacturing of miscellaneous waterproofing systems/technologies. These chemistries comprise PVC, TPO, EPDM and bitumen, among other chemicals — which include crystalline waterproofing chemicals, liquid acrylic elastomeric waterproofing compounds, polymer modified waterproofing compounds, and cementitious waterproofing compounds. . These chemicals are assorted with definite additives or are put through certain chemical process for the manufacturing of the desired waterproofing system/technology for serving the end-use industries.

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Increasing government investments for improved infrastructure, is leading to an increase in the demand for waterproofing chemicals. These aspects have encouraged companies to adopt strategies, such as new product launches, expansions, and agreements & contracts. Some of the major players are The Dow Chemical Company (U.S.), BASF SE (Germany), and, Wacker Chemie AG (Germany).

Most active market players in the waterproofing chemicals market
Wacker Chemie AG (Germany) develops and manufactures waterproofing chemicals, for supplying it to the waterproofing system/technology manufacturers. It manufactures and supplies waterproofing chemicals through its Wacker silicone business segment. The company follows strategies including new product development to increase its global market share. It is launching numerous products to enhance its product portfolio and provide improved services to its end users. It is focusing immensely on research & development for launching new products and services. The company maintains a strong brand image in the waterproofing chemicals market, as it provides high-quality products. In 2014, the company launched new products, named, high-performance silicones and polymer binders for challenging coatings and construction applications, under the brand name SILRES and VINNAPAS. This has enhanced the product portfolio and the demand for silicone-based waterproofing chemicals, resulting in increased revenue from the Wacker silicone segment of the company.

BASF SE (Germany) is one of the largest innovation-driven companies that offers construction chemicals through its functional materials & solutions business segment. The construction chemicals division manufactures concrete admixtures, cement additives, underground construction solutions, flooring systems, sealants, solutions for the protection and repair of concrete, and, tile-laying systems. It has also adopted the strategy of forward integration, which would allow the company to have an edge in the market even when the profit margins are decreasing. BASF SE (Germany) is expanding by adopting strategies such as expansions and new product launches. In 2015, the company expanded. The new plant in Andhra Pradesh, India helped BASF SE (Germany) to meet the increasing demand for waterproofing chemicals in the Asia-Pacific region. Also, the company unveiled its Master Builders Solutions in Kuwait to develop and offer innovative solutions to its customers in the construction industry in the Middle East.

Apart from the above-mentioned market players, The Dow Chemical Company (U.S.), Pidilite Industries Limited (India); and the waterproofing application providers companies active in the market are Carlisle Companies Inc. (U.S.), Firestone Building Products Company LLC (U.S.), GEE Environmental (U.S.), SIKA AG (Switzerland), Kemper System Inc. (U.S.), Soprema Group (France), W.R. Grace & Company (U.S.), Wacker Chemie AG (Germany), and Dow Corning Corporation (U.S.).

Waterproofing chemicals find high acceptance in various applications including roofing & walls, floors & basements, waste & water management, and tunnel liners. The market for waterproofing chemicals grew moderately in the past three years (2012–2015), which is attributed to the growing building & construction industry, globally. Growing population, urbanization, and growth in the building & construction industry increase the need for waterproofing system/technologies, thus driving the growth of the waterproofing chemicals market.

Elastomers is the fastest-growing segment in the waterproofing chemicals market. It offers advantages such as durability moisture-resistance due to which there is an increase in the demand for elastomers from the waterproofing system/technology segment. They further incorporate a combination of high elasticity additive with the required chemical, making these membranes highly suitable for a wide range of applications.

Roofing & walls is the fastest-growing application segment in the waterproofing chemicals market. The high growth rate is driven by increasing demand from the emerging economies such as India and China. The high growth can also be attributed to the growing construction industry, especially commercial buildings, in the developing countries of Asia-Pacific. Growth in the construction industry has triggered the demand for waterproofing system/technologies, which has positively influenced the growth of the waterproofing chemicals market in the region.

Asia-Pacific is projected to witness the highest growth rate between 2016 and 2021. The market in this region witnessed an increase in the demand for waterproofing chemicals from roofing & walls, waste & water management, and floor & basements applications, in 2015. The rising populations, urbanization, and industrialization along with growing concerns related to infrastructure development in China and India are some of the factors, which will drive the market of waterproofing chemicals during the forecast period in the region.

India is projected to grow at the highest CAGR during the forecast period. The rising utilization of waterproofing chemicals in India can be primarily attributed to the growing commercial building & construction industry in the country. Various initiatives by the government such as the plan for the development of 100 smart cities, housing for all by 2022, Make in India, 100.0% FDI in construction, and increasing compliances with the international building standards will drive the market of the building & construction industry, which is expected to increase the demand for waterproofing chemicals during the projected period.

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