26th November 2019 – Global Waterproofing Chemicals Market is expected to reach USD 7 billion by 2022. The market is likely to gain a significant growth in the forecast period. Water leakage from roofs can lead to one of the major failures in manufacturing sector. It is likely to damage the building structure and even cause a potential loss of products and raw materials. The damage may extend in destruction of technical equipment and result in malfunctioning of any machinery. To counter this, a long-term performance of properly protected roof advances the robustness of the building. Simultaneously, it helps in safeguarding the investments and costs of materials and assets. Commercially, waterproofing for industrial roof enables new design and renovation that requires elasticity and weather resistant coatings.
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Waterproofing chemicals market is driven by rapid growth in construction industry, extensive use of waterproofing chemicals in infrastructure, automotive and textile sector. Construction sector accounts for a significant market share in the forecast period with factor attributing to substantial increase in infrastructural improvement in the global market. Product segmentation for waterproofing chemical market includes PVC, thermoplastic olefin (TPO), polytetrafluoroethylene (PTFE), bitumen, silicone and ethylene polypropylene diene terpolymer. Bitumen accounts for a significant market share in the forecast period owing to its exceptional properties. Silicone and PVC witness a great demand in the forecast period and the dominance is expected to be consistent in the forthcoming years.
Geographical segmentation for waterproofing chemicals market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific remains at dominant position in the forecast period accounting on significant rise in construction activities and increase in industrialization. North America and Europe market is likely to gain a significant growth during the forecast period due to rise in preference for bio-based chemicals and increase in disposable income of consumers.
The key players in the waterproofing chemicals industry include MUHU, RPM International Inc, Sibelco AG, Pidilite Industries Ltd, H.B. Fuller, W.R. Grace and Co, BASF SE, The Dow Chemical Co, E.I. Du Pont De Nemours and Co, Sika AG, Evonik Industries, Wacker Chemie AG, Mapei SpA, Akzo Nobel and Archoma Management.
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