Waterproofing Chemicals Market Sales to Top USD 13.88 billion by 2028

The global waterproofing chemicals market size was valued at USD 8.27 billion in 2020 and is expected to reach USD 13.88 billion by 2028, growing at a CAGR of 6.7% from 2023 to 2028. The growth is driven by increasing construction activities, infrastructural development, and the need for water and moisture protection.

Click Here to Get Free Sample Copy of this Report@https://www.persistencemarketresearch.com/samples/21436

The waterproofing chemicals market refers to chemicals used for protecting buildings and structures from water damage. These chemicals are applied to various surfaces such as concrete, roofs, and walls to prevent water penetration and increase durability. The global waterproofing chemicals market has seen significant growth in recent years, driven by the increasing demand for construction activities and the need for infrastructure development. This report aims to analyze the trends, drivers, and challenges of the waterproofing chemicals market.

Market Drivers:

The growth of the waterproofing chemicals market is driven by several factors such as:

• Increasing construction activities: The growth of the construction industry, especially in emerging economies, has increased the demand for waterproofing chemicals.

• Infrastructural development: The need for infrastructural development, such as roads, bridges, and buildings, has increased the demand for waterproofing chemicals.

• Need for water and moisture protection: The need for water and moisture protection in buildings and structures has driven the growth of the waterproofing chemicals market.

Market 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.

Complete Report Details@https://www.persistencemarketresearch.com/market-research/waterproofing-chemicals-market.asp

Market Segmentation:

The waterproofing chemicals market is segmented by type, application, and region.

• By Type: The market is segmented into bitumen, elastomers, polyurethane, acrylics, and others. The bitumen segment accounted for the largest market share in 2020 due to its excellent waterproofing properties and low cost.

• By Application: The market is segmented into roofing and walls, basement, tunnels, and others. The roofing and walls segment accounted for the largest market share in 2020 due to the increasing demand for water-resistant roofing and wall coatings.

• By Region: The market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific accounted for the largest market share in 2023 due to the increasing demand for construction activities and infrastructure development in countries such as China, India, and Japan.

The waterproofing chemicals market is expected to grow significantly in the coming years due to the increasing demand for construction activities and infrastructural development. The market is segmented by type, application, and region. The growth of the market is driven by factors such as increasing construction activities, infrastructural development, and the need for water and moisture protection. However, the market faces several challenges such as environmental concerns, high competition, and volatility in raw material prices.

You Can Customize this Report As per Your Requirement Click Here@https://www.persistencemarketresearch.com/request-customization/21436

Market Challenges:

The waterproofing chemicals market faces several challenges such as:

• Environmental concerns: The use of certain waterproofing chemicals may have adverse effects on the environment, leading to regulations and restrictions on their use.

• High competition: The market is highly competitive, with many players offering similar products, leading to price competition.

• Volatility in raw material prices: The prices of raw materials used in waterproofing chemicals are subject to fluctuations, leading to uncertainty in the market.

Request you to Read More-

India Construction Chemicals Market - https://www.persistencemarketresearch.com/market-research/india-construction-chemicals-market.asp

https://www.globenewswire.com/news-release/2018/01/11/1287294/0/en/Global-Waterproofing-Chemicals-Market-to-Reach-US-13-200-Mn-by-2026-Persistence-Market-Research.html

https://www.digitaljournal.com/pr/waterproofing-chemicals-market-sale-to-cross-us-13-2-bn-revenues-by-2026-end-pmr-study

About us: -

Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on "micros" by Persistence Market Research helps companies overcome their "macro" business challenges.

Contact Us:

Persistence market research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

This release was published on openPR.