Waterproofing Chemicals Market 2017 Leading Growth Drivers, Emerging Technologies and Analysis Segmented by Applications, Future Trends and Growth Prospects to 2023
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Bitumen is estimated to account for the largest share of the market in 2018
By product, the waterproofing chemicals market is classified into TPO, PVC, bitumen, EPDM, elastomers and others. The bitumen segment is expected to lead the global waterproofing chemicals in 2018. Factors driving the growth of this segment include growing demand for bitumen application in roll roofing owing to its toughness, resistance to UV light & stickiness as well as rising demand for waterproofing chemicals as bitumen is the most common type of chemical.
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Floors & Basements are estimated to command the largest share of the market during the forecast period
Based on application, the waterproofing chemicals market is categorized into tunnel liners, waste & water management, floors & basements. The floor & basement segment is estimated to account for the largest share of the global waterproofing chemicals market during the forecast period. Increasing commercial and residential construction, growing demand for waterproofing chemicals in floor & basement application as well as rising government expenditure in the emerging economies are the key factors driving the growth of this application segment.
Asia Pacific is estimated to command the largest share of the market
Based on region, the waterproofing chemicals market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Asia Pacific is expected to dominate the waterproofing chemicals market in 2018. This is attributed to factors such as growing population coupled with increasing housing sector in the emerging economies such as China, Japan and India, presence of largest construction market in the region and easy availability as well as boosting infrastructure owing to favourable government regulations in the region.
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The report profiles some of the key companies in the waterproofing chemicals market including Conpro Chemicals Private Limited, Fosroc International Limited, Drizoro S.A.U., BASF SE, Carlisle Companies Inc., Soprema Group, The DOW Chemical Company, Pidilite Industries Limited, Johns Manville Corporation, and Mapei S.P.A.
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