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Waterproofing Chemicals Market 2023: Comprehensive Study Explores Huge Revenue Scope in Future | Leading Key Players

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Waterproofing Chemicals Market 2023: Comprehensive Study Explores Huge Revenue Scope in Future | Leading Key Players

August 23
14:32 2019
Waterproofing Chemicals Market 2023: Comprehensive Study Explores Huge Revenue Scope in Future | Leading Key Players

“Waterproofing Chemicals Market Research Report- Forecast to 2023”
Global Waterproofing Chemicals Market has been estimated to grow at CAGR of 9.86% to reach USD 32,915.00 million till 2023. Surging demand for waterproofing chemicals from rapidly increasing construction activities in developing countries and growing demand from roofing and walls application are primary factors driving growth of the market.

Waterproofing Chemicals Market has been estimated to grow at CAGR of 9.86% to reach USD 32,915.00 million till 2023. Surging demand for waterproofing chemicals from rapidly increasing construction activities in developing countries and growing demand from roofing and walls application are primary factors driving growth of the market. However, the cost sensitive nature of the market due to the fluctuating crude oil prices and price conscious consumers is posing as a substantial bottleneck in the growth trajectory of the market, especially in emerging economies. Nevertheless, the landfill and water management sector is likely to be the great opportunity for further application of waterproofing chemicals in near future.

Market Research Future (MRFR) recognizes the following companies as the key players in the global waterproofing chemicals market that includes Sika AG (Switzerland), BASF SE (Germany), DowDuPont (The U.S.), Wacker Chemie AG (Germany), RPM International Inc. (The U.S.), Pidilite Industries Ltd. (India), Mapei S.p.A (Italy), Carlisle Companies Inc. (The U.S.), Fosroc (U.K), Drizoro S.A.U. (Spain), Conpro Chemicals Pvt. Ltd (India), and Soprema Inc. (The U.S.), among others.

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Segment Analysis:

The global waterproofing chemicals market has been segmented on the basis of type, application, and region. On the basis of the type, the market has been classified into bitumen, PVC, TPO, and EPDM, among others. Other waterproofing chemicals include polyurethane, silicone, polyethylene, and acrylic polymer. Among these types, bitumen held the largest share of the market in 2016 and is estimated to reach USD 17192.83 million by 2023. This is attributed to easy availability and lower price of the bitumen as compared to its counterparts. However, TPO has been estimated to grow at the highest CAGR owing to its maximum recyclability and lower environmental impact.

Based on the applications, the global waterproofing chemicals market is segmented into roofing, walls, flooring, basement, tunneling, and others. Among these applications, the roofing and walls together hold over 50% share of the market due to higher vulnerability of the roof and walls to the rainwater. During the years to follow, the roofing application segment is projected to retain its dominance and is estimated to grow at the highest CAGR of 11.35% to reach USD 12640.80 million by the end of the review period.

Regional Analysis:

The global waterproofing chemicals market is spanned across Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. As per MRFR analysis, Asia Pacific is likely to dominate the global market during the forecast period. In 2016, the region accounted for the largest share of the market and is estimated to grow at a CAGR of 10.88%. Asia Pacific market is followed by North America, which wasaccounted for the second largest waterproofing chemicals market in the globe as of 2016. The U.S. is dominating the market on account of growing demand from surging reconstruction activities in the country. The region is estimated to reach USD 7,201.60 million by the end of 2023. Europe is a substantial region in the market, which accounted for 17% share of the market as of 2016. Country wise, China is the leading in the global waterproofing chemicals market, in terms of value and volume.

Key Findings:

The global waterproofing chemicals market is projected to reach USD 32,915.00 million by the end of 2023 at a CAGR of 9.86%. Asia Pacific is accounted for the largest share due to high penetration of major end use industries in the region. China is the largest market not only in Asia Pacific but also in the global market. Bitumen held over 52% of the market in 2016 owing to easy availability and relative low price. Roofing and walls together holding more over 50% share of the market and is expected to be the dominant end user for waterproofing chemicals market across all regional segments during forecast period.

Geographic Analysis:

The global waterproofing chemicals market is projected to grow at a CAGR of 9.86% during the review period 2017-2023. Asia Pacific accounted for the largest share due to growth of major end users in the region. Roofing is the dominant application segment in the global waterproofing chemicals market, during forecast period.

Intended Audience:

• Manufacturers and distributors of waterproofing chemicals.

• Manufacturers and distributors of waterproofing chemicals.

• Suppliers and traders.

• Government, associations and industrial bodies.

• Investors and Trade experts.

• Consulting in chemical experts.

Market Dynamics

4.1 Introduction 20 

4.2 Drivers 21 

4.2.1 Surging Demand For Waterproofing Chemicals From Rapidly Increasing Construction Activities In Developing Countries. 21 

4.2.2 Growing Demand From Roofing And Walls Application 22 

4.3 Restraints 23 

4.3.1 Cost Sensitive Nature Of Market Due To The Fluctuations Of Crude Oil Prices And Price Conscious Consumers 23 

4.4 Opportunity 24 

4.4.1 Landfill And Water Management Sector Is Posing As Great Opportunity 24 

4.5 Market Trend 24 

4.5.1 Steady Rise In Consumption Of Waterproofing Chemicals 24 

Market Factor Analysis:

5.1 Supply Chain Analysis 25 

5.1.1 Raw Application Suppliers 26 

5.1.2 Waterproofing Chemicals Manufacturers 26 

5.1.3 Distribution Channel 26 

5.1.4 End-Use Industry 27 

5.2 Porter’s 5 Analysis 27 

5.2.1 Threat Of New Entrants 28 

5.2.2 Threat Of Rivalry 28 

5.2.3 Threat Of Substitute 28 

5.2.4 Bargaining Power Of Supplier 29 

5.2.5 Bargaining Power Of Buyer 29 

 

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 products, services, technologies, applications, end users, 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.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future

+1 646 845 9312

Email: [email protected]

 

 

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