Waterproofing Products Market: Soaring Demand of Eco-Friendly Construction Materials to Boost Applications | 2024
The research offers an in-depth insight into the current market status, emerging trends in the chemicals and waterproofing industry, recent technological advances in waterproofing products, and lucrative growth avenues in various regions. The study takes a closer look at the major developments in sustainable waterproofing solutions expected to impact the competitive dynamics of the market along the forecast period. It offers recent product launches by major manufacturers and highlights their investment on research and development of innovative solutions. Over the past few years, there has been an increasing impetus on considerably increasing the life span of construction materials in concrete and roofs, thereby boosting the green waterproofing products market.
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The rapid on pace of industrialization in several developing nations has spurred investments in construction of commercial buildings. Concurrently, there is an increasing focus on the use of eco-friendly construction materials to reduce the carbon footprint of these buildings. This has positively impacted the growth of the green waterproofing products market.
A number of architects, contractors, engineers, and developers are increasingly using green construction materials to enhance the longevity of constructions and meet stringent sustainable standards, thereby boosting the market. The rapid rate of urbanization in various emerging and developed economies has further fueled the demand for green waterproofing construction products.
In addition, green waterproofing products are helpful in minimizing leakage, urban heat island effect, and energy costs. In addition, they are found to prevent leakage of roofs for long periods and enhance the water-repelling features of additives used in the processing of polymers and paints. This has boosted the application of green waterproofing products.
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However, the lack of awareness and the paucity of skilled workers are factors likely to impede the green waterproofing products market. Nevertheless, several manufacturers are offering high-performing products that are free from volatile organic compounds (VOC), harmful solvents, and diluents, which is projected to bolster the uptake. They are also focusing on developing newer building methods and breakthroughs in formulations, which is anticipated to open up exciting opportunities in the market in the years.
Geographically, Asia Pacific is expected to rise at a significant rate over the forecast period. The growth of the regional market is attributed to the burgeoning construction industry, the rapid pace of urbanization and industrialization, and a rise in construction of residential buildings.
Major players eyeing a sustained share in the green waterproofing products market include Columbia Green Technologies, Ultraseal, Dr. Fixit, Nikwax, and Nanex.
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 insights for 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.
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