Press release
Cementitious Waterproofing Market to Receive overwhelming hike in Revenues by 2025
Some factors such as increasing urbanization, demand for compressive and water resistant quality products and growing construction industry act as drivers for the Cementitious Waterproofing industry.
Certain drawbacks of cementitious waterproofing are that it is not resistant to acid rain, cannot be applied on wood or metal substances, etc. All these factors hamper the market growth of cementitious waterproofing. The higher cost of Cementitious Waterproofing materials as compared to elastomeric coatings is also one of the major restraints for the industry.
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Regulations by the U.S. Government on the use of sturdy construction materials and increasing use of PFOA and PFOS fluorocarbons, which are carcinogenic substances, influence the increasing production of bio-based polymers. This in turn, hampers the global cementitious waterproofing market growth.
Cementitious Waterproofing Industry: Market Segmentation
The global cementitious waterproofing market can be segmented on the basis of end-use as: Water Treatment Plants, Bridges, Tunnels, Dams, etc., Railway & Subway Systems, Sewage Treatment Plants, Marine Cargo Docks and Ports, Parking Structures & Lots. The global cementitious waterproofing market can be segmented on the basis of application as: Construction joint, Inside corner, Plastic pipe penetration, Wall/slab cover.
Cementitious Waterproofing Market: Regional Outlook
The major market of cementitious waterproofing industry is held by Asia Pacific, Japan and the U.S., where, Asia-Pacific holds significant market share in terms of value as well as volume. The Middle East and Africa follows Asia Pacific in terms of market share. On the other hand, countries such as China, India and Brazil are found to be the key consumers of Cementitious Waterproofing, following by developed countries such as Spain and Japan.
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Infrastructure and construction sectors influence the market growth of this industry, attributable to the increasing awareness about new techniques, which will drive the product demand. This factor affects the market of Cementitious Waterproofing in India, China, Germany, Italy, etc. Also, expansion of aviation industry is expected to contribute to the market shares of China, which in turn will bolster the market growth in Asia Pacific region. However, Germany is focusing on environment-friendly products and manufacturing of natural polymers, which will restrain the market growth in Western Europe.
Cementitious Waterproofing Market: Market Participants
Examples of some of the market participants in the Cementitious Waterproofing market identified across the value chain are AQUAFIN, BASF, Clemons Concrete Coating, Evonik A.G., Fosroc International, Mapei S.p.A, Pidilite Industries, Polycoat, RPM International, Sika, W. R. Meadows, Inc., W.R. Grace and Xypex Chemical Corporation among others.
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