Press release
Waterproofing Chemicals Market to Sale Top at a CAGR of 8.16% and reach US$ 30.9 Bn By 2030-end
Waterproofing Chemicals Market 2022 to 2030
By 2030, it is anticipated that the market for waterproofing chemicals would be worth US$ 30.9 billion. Over the projected period from 2022 to 2030, the market for waterproofing chemicals is anticipated to grow at a robust 8.16% CAGR. The Asia Pacific region's expanding building sector and quickening urbanisation are the main industrial drivers for waterproofing chemicals.
Waterproofing Chemicals Market Segmented By Bitumen, PVC, EPDM, TPO, PTFE, Silicone in Construction, Infrastructure, Automotive, Textile Industry with Membrane, Liquid, Cementious Technology.
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Waterproofing chemicals are largely used in the construction sector and a steady growth in this sector has boosted the growth prospects of the global waterproofing chemicals market. Waterproofing chemicals are mainly used in protecting buildings from leakage and seepage that is caused to due to the ingress of water and moisture. As the pace of industrialization and urbanization is increasing the world over, there is a boost to the construction sector as well, thereby contributing to the positive growth of the global waterproofing chemicals market.
The waterproofing chemicals market is one that has seen tremendous growth in recent years. This is due to the increasing demand for waterproofing materials from both residential and commercial sectors, as well as the growing need for waterproofing solutions in industries such as construction, automotive, marine, and aerospace. The waterproofing chemicals used in these applications are typically divided into two categories: elastomeric and cementitious water proofers.
Elastomeric water proofers are generally composed of synthetic polymers or rubber-like materials that provide flexibility and durability. Cementitious water proofers are made up of a mixture of sand, cement, lime, and other additives which create a protective coating on concrete or masonry surfaces. Both types of water proofers offer waterproofing protection from water, moisture, and other elements.
Key Players-
• BASF SE
• DowDuPont Inc.
• Wacker Chemie AG
• Akzo Nobel NV
• Evonik Industries AG
• Sika AG
• W.R. Grace and Company
• H.B. Fuller
• Pidilite Industries Limited
• RPM International
• Others.
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The waterproofing chemicals market is driven by numerous factors including the implementation of stringent regulations regarding waterproofing materials in industry standards, increased demand for waterproofing solutions due to climate change and natural disasters, and the development of new waterproof technologies such as nanotechnology. Additionally, manufacturers are investing heavily in research and development to develop waterproof membranes that offer superior performance and durability.
As a result of these factors, the waterproofing chemicals market is expected to experience steady growth over the forecast period. This growth can be attributed to increasing investments by leading players in this space as well as rising demand for waterproof products across various industries. In addition, the growing awareness about waterproof products among consumers is also driving the waterproofing chemicals market.
Overall, the waterproofing chemicals market is expected to experience steady growth in coming years due to increasing demand for waterproof solutions from various sectors and the introduction of new technologies such as nanotechnology. Companies operating in this space are focusing on developing innovative waterproof solutions that offer superior performance, durability, and affordability. Additionally, manufacturers are also investing heavily in research and development activities to remain competitive in this highly dynamic market.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
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Key Questions Answered in This Report -
What is the Current Valuation of the Waterproofing Chemicals Market?
What is the CAGR of the Waterproofing Chemicals Market during the Forecast Period?
What is the Anticipated Size of the Waterproofing Chemicals Market in 2032?
What Region is Most Lucrative for Waterproofing Chemicals market?
Which Segment is the Highest Contributor in the Waterproofing Chemicals market?
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