Global Waterproofing Chemicals Market Size To Worth USD 97.86 Billion By 2033 | CAGR of 10.77%
Category: Chemicals & MaterialsGlobal Waterproofing Chemicals Market Size To Worth USD 97.86 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Waterproofing Chemicals Market is to Grow from USD 35.2 Billion in 2023 to USD 97.86 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 10.77% during the projected period.
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Browse key industry insights spread across 260 pages with 120 Market data tables and figures & charts from the report on the "Global Waterproofing Chemicals Market Size, Share, and COVID-19 Impact Analysis, By Product (Polymers, Bitumen), By Application (Roofing, Walls, Building Structures, Tunnel liners), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here : https://www.sphericalinsights.com/reports/waterproofing-chemicals-market
Waterproofing is a crucial aspect of building that ensures the resilience and longevity of structures. Its primary goal is to prevent water from entering, protecting structures from potential damage caused by moisture and water-related issues. Any concrete surface below grade usually needs to be waterproofed. These spaces could include patios, squares, foundations, raised structural slabs over beneath surfaces, and subterranean buildings. It is anticipated that the demand for waterproofing chemicals will increase in step with infrastructure development and rising awareness of environmentally friendly construction materials. The market is expected to be driven by the increasing demand from various end-use industries, including but not limited to residential and commercial building development and construction, landfill construction, and tunnel construction. In addition, it is anticipated that rising consumer knowledge of the product's application in emerging nations' development will enhance demand for waterproofing materials. However, the changes in the cost and accessibility of raw materials could restrict the growth of the industry.
The market share of the polymers sector is expected to be the highest throughout the forecast period.
Based on the product, the waterproofing chemicals are divided into polymers and bitumen. Among these, the market share of the polymers sector is expected to be the highest throughout the forecast period. Polymers are becoming a popular and effective material for waterproofing. Many factors, including material adherence and durability, are to blame for this. Science states that polymers are hydrophobic. This implies neither that they repel water instead of allowing it to enter their bodies, nor that they are actually afraid of it. Polymeric-based waterproofing is especially well-suited for processing metal and monolithic constructions. Because contemporary polymer materials are entirely safe for the environment and human health, they can be used both indoors and outdoors.
The roofing sector is the largest in the market over the forecast period.
Based on application, the waterproofing chemicals are divided into roofing, walls, building structures, and tunnel liners. Among these, the roofing sector is the largest in the market over the forecast period. The government has been spending more money building infrastructure and roofing has been the largest application sector and is expected to continue to be so for the duration of the projection. The growing disposable income of the middle class and the pace of urbanization are expected to propel market growth in the construction sector. It is anticipated that growing consumer knowledge of product quality will have a beneficial impact on market expansion. Expert applications like bitumen bonding, expansion joints, and subsurface waterproofing are predicted to have a beneficial effect on the market for waterproofing chemicals as it grow.
Asia-pacific is having the biggest share of the global waterproofing chemicals market over the forecast period.
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Asia-Pacific is the largest market in the world for waterproofing chemicals, with the highest market share. The waterproofing chemicals sector is seeing prospects due to the increasing industrial activity in several countries such as Saudi Arabia, Brazil, China, and India. The impressive growth in the building and water management sectors, especially in the developing Asia-Pacific region, is one of the main factors driving the market for waterproofing chemicals.
North America is predicted to grow fastest pace throughout the forecast period. Manufacturers in the building and energy sectors have been forced to increase their expenditures on landfill systems due to the growing environmental consciousness. Furthermore, the waterproofing chemical market in the United States held the largest market share, whereas the waterproofing chemical market in Canada grew at the quickest rate in North America.
Major vendors in the global waterproofing chemicals market include EverGuard TPO Walkway Roll, Johns Manville, Minerals Technologies Inc., Fosroc, Inc., GCP Applied Technologies, Inc., Mapei S.p.A, Renolit SE, Carlisle Companies Inc., DOW, Firestone Building Products Company, SOPREMA Group, BASF SE, MBCC Group, Sika AG, and Others.
Recent Developments
- In April 2022, Pidilite Industries recorded a 1.59% increase to Rs 2,453 after partnering with GCP Applied Technologies, USA to offer waterproofing solutions under its brand Dr Fixit for locations exposed to severe temperature variation and water table.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global waterproofing chemicals market based on the below-mentioned segments:
Global Waterproofing Chemicals Market, By Product
- Polymers
- Bitumen
Global Waterproofing Chemicals Market, By Application
- Roofing
- Walls
- Building Structures
- Tunnel liners
Global Waterproofing Chemicals Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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