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Waterproofing Chemicals Market 2019 Application, Trend Analysis & Competition Tracking During Forecast Period 2025
Waterproofing Chemical Market
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The global waterproofing chemicals market size is expected to reach up to USD 8.8 billion by 2025. The exponential growth that the global waterproofing chemicals market has been witnessing over the years is majorly attributed to the booming construction industry all around the globe. The rising number of infrastructural activities is driving the waterproofing chemicals market share as these structure need reliable waterproofing solutions that can ensure long lasting protection from rising damp and moisture.
Waterproofing chemicals have a prominent role in protecting the building from the substantial threat of water seepage. Ordinary concrete which is a porous material, allows water or humidity to penetrate its surface, resulting in the corrosion of the reinforcement. This causes the concrete to crack. Furthermore, ingressing water also allows the seepage of aggressive chemicals and salts into the wall, destroying the infrastructure’s substance and thereby damaging the façade. The expensive remedial work to correct the discrepancies in low grade waterproofing systems have encouraged the designers and builders to achieve high performance and reliable solutions to prevent water ingression. This has driven the global waterproofing chemicals market share and is expected to remain the primary driver of the market in the foreseeable years.
Water infiltration is a dangerous phenomenon which can cause damages such as insect infestation, and mold and building failures. The global waterproofing chemicals market is witnessing tremendous growth as majority of the new structures are being waterproofed to prevent the damages caused by water seepage. The bitumen based waterproofing chemicals are witnessing an escalated demand in the global waterproofing chemicals market share as these chemicals offer advantages such as convenient application using the torching method, excellent water barrier properties, and high tensile strength, puncture and tear resistance. This global waterproofing chemicals market analysis projects the share of bitumen to be the highest holding approximately 50% of the overall global waterproofing chemicals market share in 2017.
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The global waterproofing chemicals market analysis segmented on the basis of regional consumption demand for these chemicals projected Asia Pacific as the most dominant region, holding a market share of more than 45% in 2017. Construction sector is a major component driving the GDP of several countries in this region. The rising consumption demand for waterproofing chemicals market is directly related to the booming construction industry. The consumption demand for waterproofing chemicals in Asia Pacific was nearly 1,700 kilo tons in 2017. China, the largest consumer of waterproofing chemicals is the dominant country in this region majorly on account of China being the world’s largest construction industry. The Global Construction 2020 Report by market analyst Global Construction Perspectives and Oxford Economics projects China to represent 19% of the global construction output.
The spike in the construction industries in the emerging economies is the major factor that is driving the demand for global waterproofing chemicals market. This can be gauged by the staggering data indicating the growth of the infrastructure construction market in emerging markets to reach approximately 128% over the next decade to 2020. This humungous growth in the construction industry over the years is expected to fuel the global waterproofing chemicals market during the forecast period.
Key segments of the global waterproofing chemicals market
Product Overview, 2015-2025 (USD Million) (Kilo Tons)
Polymers
PVC
TPO
EPDM
Others
Bitumen
SBS
APP
Others
Others
Application Overview, 2015-2025 (USD Million) (Kilo Tons)
Roofing
Walls
Building Structures
Landfills and Tunnels
Others
Regional Overview, 2015-2025 (USD Million) (Kilo Tons)
North America
US
Rest of North America
Europe
Germany
Italy
France
UK
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia Pacific
South America
Brazil
Rest of South America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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Adroit Market Research
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