Waterproofing Chemicals Market Size, Share | Industry Trends Analysis Report, 2024
TMR estimates that in terms of revenue, the market was valued at U.S$7,948.4 mn in 2015 and will reach U.S$12,335.2 mn by 2024, expanding at a healthy CAGR of 5.1% between 2016 and 2024. In terms of end-use, the construction and infrastructure sectors cumulatively held more than 70% of the waterproofing chemicals business. These segments are also expected to retain their positions as the leading consumers of waterproofing chemicals over the forecast period. Geographically, the market for waterproofing chemicals in Asia Pacific is presently the leading regional market and is expected to remain the dominant regional market over the forecast period as well.
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Healthy Demand across Construction Sector to Help Market Gain Momentum
Sustainable demand across the global construction industry is pivotal to the overall development of the global waterproofing chemicals market as the former provides the market more than 60% of its business. In the past few years, the rising demand for a variety of waterproofing chemicals in the ever-expanding construction industry, for purposes such as the protection of buildings and structures from leakage and seepage caused by water and moisture, has been key to market growth. The demand for these chemicals has remained strong from new construction projects as well as projects managing refurbishment of existing buildings.
The public infrastructure space, including structures such as bridges, tunnels, pavements, roadways, and public utility centers, has also been key to the healthy demand for waterproofing chemicals in the global market. Extensive investments and the rising implementation of development programs in this field across regions such as Asia Pacific and Africa are expected to fuel the demand for waterproofing chemicals in the next few years.
Low Product Awareness among Consumers could Hinder Market Growth
Waterproofing chemicals are still largely considered a niche product in the construction chemicals segment. This is because of the understanding of the specific use of these chemicals in high-end applications, which is mostly limited to industry experts. The high base cost of these chemicals, in addition to the substantial costs incurred for labor have also been key restraints in terms of product acceptance and use in general consumer markets. As a result, waterproofing chemicals are mostly used in upscale construction segments.
Waterproofing chemicals have a limited footprint in the global market, with a share of less than 20% of the overall construction chemicals market due to thier limited use in residential building segment as well as low product marketing and promotions. These factors are projected to have a sizeable negative impact on the overall development of the market in the next few years.
This review of the market is based on a recent market research report published by Transparency Market Research, titled “Waterproofing Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
For the study, the global waterproofing chemicals market has been segmented as follows:
Waterproofing Chemicals Market - Product Analysis
Waterproofing Chemicals Market - Technology Analysis
Sheet based Membrane
Liquid Coated Membrane
Others (sprays, coatings etc.)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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