Scope of the Study
Waterproofing is the process of making any structure of object waterproof or water resistance. There are various chemicals are used to make structure waterproof. Such chemicals are called as waterproofing chemicals. Increasing development in the transportation infrastructure, as well as increasing announcement of new investments for mega construction projects, is supplementing the overall growth of the market. Additionally, growing demand for waterproofing chemicals in tunnel liners, floors & basements across the globe can be considered a the major driver for the market. However, high manufacturing cost for waterproofing chemical, government regulations associated with a toxic substance present in the waterproofing chemicals and continuous fluctuation in the prices of raw material are the factors that have been limiting the overall growth of the market. Moreover, the emergence of high-quality waterproofing chemical for water management and the growing requirement for water management from developing countries can act as an opportunity for the market.
The market study is being classified, by Application (Roofing & Walls, Tunnel Liners, Floors & Basements, Waste & Water Management and Others) and major geographies with country level break-up. According to AMA, the Global Water Proofing Chemicals market is expected to see growth rate of 12.69% and may see market size of USD31.67 Billion by 2024.
Estop Group (Malaysia), BASF SE (Germany), DowDuPont Inc. (United States), Wacker Chemie AG (Germany), Akzo Nobel NV (Netherlands), Bostik USA (United States), Polygel Industries Pvt. Ltd (India), Thermax Limited (India), Sika AG (Switzerland) and Mitsubishi Chemical Holdings Corporation (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are ExxonMobil Chemicals (United States), Eastman Chemical Company (United States), Toray Industries (United States), Pidilite Industries Ltd. (India), Mapei S.p.A (Italy), Carlisle Companies Inc. (United States), Fosroc (U.K), Drizoro S.A.U. (Spain), Conpro Chemicals Pvt. Ltd (India) and Soprema Inc. (United States).
The Vendors having a strong hold in the market are Estop Group, BASF SE, DowDuPont Inc., Wacker Chemie AG, Akzo Nobel NV, Bostik USA, Polygel Industries. Research Analyst at AMA predicts that United States, Asian and European Vendors will contribute to the maximum growth of Global Water Proofing Chemicals market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Water Proofing Chemicals market by Type, Application and Region.
On the basis of geography, the market of Water Proofing Chemicals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User Industry, the sub-segment i.e. Construction will boost the Water Proofing Chemicals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product Type, the sub-segment i.e. Bitumen will boost the Water Proofing Chemicals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Integral Systems will boost the Water Proofing Chemicals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Mega Construction Projects in Asian Countries
- Growing Demand for Waterproofing Chemicals in Tunnel Liners, Floors & Basements across the Globe
- An Emergence of High-Quality Waterproofing Chemical for Water Management
- High Manufacturing Cost for Waterproofing Chemical
- Government Regulations Associated with Toxic Substance Present in the Waterproofing Chemicals
- Growing Requirement for Water Management from Developing Countries
- Increasing Demand form Roofing & walls Application
- Continuous Fluctuation in the Prices of Raw Material
Market Leaders and their expansionary development strategies
On September 2017, BASF SE had acquired GRUPO THERMOTEK (waterproofing systems supplier based in Mexico). The main aim of the acquisition is to expand the company’s waterproofing chemical business segment in North America. The company’s CEO states “The acquisition of THERMOTEK enables us to continue on our growth path by bringing a robust portfolio of construction solutions to a broader customer base,” said Michael Stumpp, Managing Director BASF Mexicana S.A. de C.V. and Central America. “This is an exciting time for our business and we welcome the THERMOTEK employees to the BASF family.”
On April 2015, BASF has launched new solutions under Master Builders Solutions brand for the construction sector to make construction faster and more durable. The new launches of the company include MasterEase and MasterSeal. The material offers better protection and waterproofing for parking structures. The new solution can create a big opportunity for the company in the construction sector.
Key Target AudienceWaterproofing Chemicals Manufacturers, Waterproofing Chemicals Technology/System Providers, Traders, Distributors, and Waterproofing Chemicals Suppliers, Government and Regional Agencies, Research Organizations, Investment Research Firms and Others
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