Waterproofing Chemicals Global Market Size, Share Report, Growth, Analysis, Key Players, Revenue, Future Trends, Forecast 2033 | Estop Pte. Ltd., Sika AG, Soprema SAS, Thermax Limited, Wacker Chemie AG

The waterproofing chemicals market size has grown rapidly in recent years. It will grow from $21.8 billion in 2023 to $24.15 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to rapid growth in urbanization, infrastructure renewal projects, growing awareness of structural protection, repair and maintenance activities, stringent building codes, real estate development..

The waterproofing chemicals market size is expected to see rapid growth in the next few years. It will grow to $35.98 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to climate change impact, expansion of green roofs, demand for high-performance coatings, resilience against floods, preference for liquid waterproofing, rise in diy waterproofing.. Major trends in the forecast period include technological advancements in formulation, polyurethane-based waterproofing, smart building technologies, advancements in nanotechnology, market expansion in emerging economies..

Market Overview -
Waterproofing chemicals refer to chemicals that are used to make a building or object waterproof, such as concrete, paints, paper packaging, electronics, and cosmetics.

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Surging Building And Construction Expenditure Boosts Growth In The Waterproofing Chemicals Market
An increasing building and construction expenditure is expected to propel the growth of the waterproofing chemicals market going forward. The construction sector refers to the sector of industry and trade that deals with creating, maintaining, and repairing infrastructures. The growing construction industry with rising expenditure fuels the need for waterproofing chemicals as they provide a controlled atmosphere and safeguard the structure and contents. For instance, in June 2021, according to a report published by Canada's national statistical agency, in Canada, the investment in building construction increased from $14,294 million in April 2019 to $19,273 million in April 2021. Also, in the USA, total construction spending increased by 16% since the pandemic's onset. Therefore, the increase in building and construction expenditure is driving the growth of the heating equipment market.

Competitive Landscape -
Major companies operating in the waterproofing chemicals market report are Pidilite Industries Limited, Bostik Inc., Choksey Chemicals Pvt. Ltd., Estop Pte. Ltd., ExxonMobil Chemicals Company, Johns Manville Corporation, Mapei S.P.A, Mitsubishi Chemical Holdings Corporation, Polygel Industries Pvt. Ltd., Sika AG, Soprema SAS, The Dow Chemical Company, Thermax Limited, Wacker Chemie AG, BASF SE, Henkel AG & Co. KGaA, Compagnie de Saint-Gobain S.A., GAF Materials Corporation, Firestone Building Products Company LLC, Tremco Incorporated, Kemper System America Inc., Carlisle Companies Inc., GCP Applied Technologies Inc., RPM International Inc., Fosroc International Limited, Chryso SAS, Derbigum Manufacturing (Pty) Ltd., Fosroc Inc., GAF Material Corp., Holcim Ltd., Koster American Corporation, Mapei SpA, W.R. Grace & Co. .

Technologies Advancements In The Waterproofing Chemicals Market
Technological developments are a key trend gaining popularity in the waterproofing chemicals market. Major companies operating in the waterproofing chemicals market are developing products with advanced technologies to sustain their position in the market. For instance, in June 2021, JSW Cement, an India-based cement company, launched its construction chemical range, which includes Krysta Leakproof integral crystalline waterproofing compound with reactive crystalline technology. It is a capillary waterproofing substance used in cementitious and concrete mortars in building projects. JSW blocks concrete pores and spaces by generating an impermeable barrier to liquids using a reactive crystalline technique. The compound's unique features help safeguard concrete and steel reinforcement in construction by permanently limiting water permeability. The substance enhances concrete's stability by protecting against both negative and positive side waterproofing.

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Key Segments -
The waterproofing chemicals market covered in this report is segmented -
1) By Product: Bitumen, Elastomers, PVC, TPO, EPDM
2) By Technology: Preformed Membranes, Coatings and LAMS (Liquid Applied Membrane Systems), Integral Systems
3) By Application: Roofing and walls, Floors and basements, Waste and water management, Tunnel liners, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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