Press release
Waterproofing Products Market Value To Cross $66.1 Billion By 2033 | Top Companies and Industry Growth Insights
Waterproofing Products Market
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ : https://www.alliedmarketresearch.com/request-sample/A31432
Prime Determinants of Growth: The growth of the waterproofing products market is attributed to increasing concerns regarding waste and wastewater management, along with rising demand in both commercial and residential building sectors. However, market growth faces hindrances due to price fluctuations and raw material availability. Nonetheless, technological advancements offer opportunities for market expansion.
Key Insights:
The waterproof paints segment dominated the market in 2019, accounting for over one-third of global revenue. These specialized coatings provide durable protection against water penetration, widely used in various applications including exterior walls, roofs, basements, bathrooms, and kitchens.
Polymer waterproof sheets are projected to grow rapidly, with a CAGR of 4.3% from 2023 to 2033. Composed of synthetic polymers, these sheets offer exceptional durability and flexibility, making them ideal for roofing, basements, and foundation waterproofing.
Among applications, roofing and walls held the highest market share in 2019 and are expected to maintain dominance. Waterproofing solutions play a crucial role in enhancing structural integrity and longevity, protecting buildings from moisture, leaks, and mold growth.
The floors and basements segment is anticipated to achieve the highest CAGR of 4.4% during the forecast period. Waterproofing products are vital for safeguarding floors and basements from moisture-related damages, ensuring durability and structural integrity.
Asia-Pacific led the market in 2019 and is poised to maintain dominance by 2033, driven by rapid urbanization, infrastructure development, and increasing awareness about construction quality.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ฎ๐ซ ๐๐ฏ๐๐ซ๐ฒ ๐๐จ๐ฎ๐๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/purchase-enquiry/A31432
Key Players:
HENRY COMPANY
GAF
SOPREMA
SIKA AG
CARLISLE COMPANIES INC.
GCP APPLIED TECHNOLOGIES INC.
RPM INTERNATIONAL INC.
HOLCIM
BASF SE
DOW
Strategic Insights: Key market players have adopted various strategies such as new product launches, collaborations, expansions, joint ventures, and agreements to increase market share and maintain dominance in different regions. The report offers detailed insights into these players' business performance, operating segments, product portfolio, and strategic moves, highlighting the competitive landscape of the market.
๐๐๐ญ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐ง๐๐จ @ https://www.prnewswire.com/news-releases/waterproofing-products-market-to-reach-66-1-billion-globally-by-2033-at-3-8-cagr-allied-market-research-302081372.html
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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