Waterproofing chemicals are high quality materials used on large scale in building and construction industry to protect buildings and infrastructures against water penetration. Waterproofing chemicals have high sturdiness intended to lesser the maintenance cost and increase the life of built structure. Various types of waterproofing chemicals are available worldwide, among which the majorly used include acrylic polymer, elastomeric coatings, polyurethane, expanded polyethylene and many others. These can be used in slurry, liquid as well as in solid form.
As roofing was the largest application for waterproofing chemicals and the trend is expected to grow on account of increased government expenditure on infrastructure enhancement, speedy urbanization coupled with increasing income of middle class population, it is expected to fuel the growth of waterproofing chemicals market in coming years. Increasing product awareness among consumers is expected to have optimistic impact on the waterproofing chemicals market over the forecast period. Broadening of niche applications for waterproofing chemicals such as subsoil waterproofing, bitumen bonding and expansion joints is likely to mark positive growth of this sector. Waterproofing chemical market has immense future growth potential as it is developing with the new composites with enhanced self-adhesion and durability.
However, global market may be restrained due to volatile raw material costs which are mainly reliant on demand and supply of petrochemicals. Besides, owing to flexible and water resilient ability, these chemicals have massive applications in water management, tunnel liners and geomembranes. There are various other areas that are expected to open new market opportunities for waterproofing chemicals during the forecast period. Waterproofing chemicals are mostly used in fabric and textile industry for enormous production of breathable and waterproof fabrics. Market contributors have been constantly concentrating on commercializing organic routes for developing eco-friendly waterproofing chemicals.
The waterproofing chemical market is bifurcated on the basis of products, technology and end-users. On the basis of product, the global waterproofing chemical market can be bifurcated into bitumen, TPO, EPDM, PVC, PTFE and Silicone. On the basis of technology, the global waterproofing chemical market can be segmented into sheet membrane, liquid coated membrane, cementitious waterproofing and others. By end-users, the global water proofing chemical market can be segmented into construction, infrastructure, automobile, textile & leather and others.
In terms of geography, the global waterproofing market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA). Europe and North America are moderately mature markets and are characterized by new product advances and increasing preference to bio-based chemicals. The largest regional market for waterproofing chemicals is Asia-Pacific due to the growth in construction sector in the area over the past few years due to economic boost and rapid industrialization. Furthermore, Asia-Pacific is predicted to witness considerable growth in waterproofing chemicals market owing to rapidly increasing infrastructure expenditure along with the growing disposable income of consumer.
Various small as well as large players are operating in the waterproofing chemical market. Some of the key players outlined in this report include Wacker Chemie GmbH, W.R. Grace and Company, Dow Chemical Company, E.I. du Pont Nemours and Company, BASF SE, Evonik Industries and Akzo Nobel NV and others. Prominent regional company profiles have also been mentioned such as RPM International Inc., MUHU (China) Construction Materials, Pidilite Industries Limited, etc. The company profiles contain attributes such as company summary, brand summary, major competitors, business summary, current developments, acquisitions, financial summary and number of employees. Intelligence Analysis as well as SWOT scrutiny of top companies has been provided in this report.
Market by Product
Market by Technology
· Sheet membrane
· Liquid coated membrane
· Cementitious waterproofing
Market by End-users
· Textile and leather
Market by Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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