The Global Waterproofing Chemicals Market has been segmented on the basis of product, application, end use industry, and region. Based on the product the market is divided into bitumen, polyvinylchloride (PVC), silicone, thermoplastic olefin (TPO), ethylene propylene diene terpolymer (EPDM) and others. Among these products, the bitumen is holding a major share of the market due to its easy availability and higher viscosity. Additionally, it exhibits exceptional waterproofing properties, incorporates greater toughness, and excellent resistance to UV light. Increasing physical infrastructural activities such as commercial buildings and roads are driving the growth of this segment. In addition to bitumen, the demand for PVC and silicone is likely to increase over the forthcoming years.
On the basis of application, the Global Waterproofing Chemicals Market is categorized into roofing, walls, floors, basement, tunnel, and others. The roofing is the largest application of Waterproofing Chemicals, which consumes over 40% share of the overall demand for the product among other applications. This is attributed to ever-increasing construction activities, wherein both commercial and residential buildings comsuming a significant amount of waterproofing chemicals.
Based on the end use industry, the market is divided into construction, textile, automotive, electronics, marine, and others. The construction industry is estimated to grow at the highest CAGR, among other end users in the market. It accounts for nearly 48% share of the market. Additionally, rapid urbanization, changing lifestyle, increasing standard of living, and growing population around the world are majorly favoring the growth of the segment. Furthermore, shifting focus towards building sustainable infrastructure with enhanced lifespan and durability will add fuel to the growth of the market over corresponding period.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/4533
Waterproofing Chemicals are set of specific synthetic chemical products, which protect the structure from damage caused by water or moisture. Water penetration or peculation through structure can shorten the lifespan of the building and it likely to cause an accidental damage to the structure. These chemicals control the damage to the structure or object from electrical, metal, and other hazards, which may hamper its integrity and longevity. Waterproofing chemicals offer numerous benefits to the edifice, for instance, they increase shelf life of concretes, wood, and other construction material, and enhance durability of the infrastructure. Apart from this, it also helps to reduce the maintenance cost of buildings, provide sustainable structure, and protection from extreme weather conditions. The Global Waterproofing Membrane Market is estimated to grow at a CAGR of 9% to fuel the demand for Waterproofing Chemicals during the forecast period. Some of the leading players across the globe are investing huge amount in R&D to develop new, efficient, and eco-friendly products, which is projected to boost the demand for waterproofing chemicals during the review period. Moreover, changing lifestyle, developing advanced technology, and growing concerns regarding natural hazards are some of the important factors favoring the growth of the global market.
The Global Waterproofing Chemical Market is consist of five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these regions, Asia Pacific is growing at the highest CAGR and holds over 43% share of the global market on account of increasing construction activities and developing infrastructure along with a constantly growing transportation and marine sector in the region. Countries namely, India, Japan, Vietnam, and China are the leading markets in this region as result of increasing public investment in infrastructure, marine, and defense sectors. Following Asia Pacific, North America is the second most significant region in the global waterproofing chemicals market. The U.S. is the largest market in this region owing to increasing demand for the product in well-established end use industries in this country, such as aerospace, marine and defense. The U.S. is the major investor to the marine sector. This, in turn, is expected to favor the Waterproofing Chemicals Market in this region. Europe is also a substantial region in the Global Waterproofing Chemicals Market. The U.K, France, Germany, Italy, and Switzerland are major contributors to the regional market owing to the concentration of leading market players and growing transportation sector. The European automotive industry holds the major share of the global vehicle production, which drive the growth of the regional market. Latin America is expected to grow at a considerable CAGR during the forecast period, which is attributed to reviving economic scenario in various countries namely Brazil, Venezuela and Argentina. The Middle East & Africa are equipped with greater opportunities for the product owing to the growing construction industry, which is likely to boost the growth of the regional market during the forecast period.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/waterproofing-chemicals-market-4533
Some of the prominent players in the Global Waterproofing Chemicals Market are Liquipel LLC (U.S.), BASF SE (Germany), SIKA AG (Switzerland), Pidilite Industries Ltd. (India), Fosroc (U.K), Wacker Chemie AG (Germany), RPM International Inc. (U.S), Dubond Products (India) Pvt. Ltd (India), The Dow Chemical Company (U.S), and Choksey Chemicals Pvt. Ltd. (India), among others.
Key Points from Table of Contents:
12. Company Profiles
12.1 Liquipel LLC
12.1.1 Company Overview
12.1.2 Product/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments
12.2 BASF SE
12.2.1 Company Overview
12.2.2 Product/Business Segment Overview
12.2.3 Financial Updates
12.2.4 Key Developments
12.3 SIKA AG
12.3.1 Company Overview
12.3.2 Product/Business Segment Overview
12.3.3 Financial Updates
12.3.4 Key Developments
12.4 Pidilite Industries Ltd.
12.4.1 Company Overview
12.4.2 Product/Business Segment Overview
12.4.3 Financial Updates
12.4.4 Key Developments
Make an Enquiry before buying @ https://www.marketresearchfuture.com/enquiry/4533
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Company Name: Market Research Future
Contact Person: Akash Anand
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune –