Waterproofing Chemicals Market Challenges, Key Players, Industry Segments, Development, Opportunities, Forecast Report 2023

Global Waterproofing Chemicals Market by Product (Bitumen, Polyvinylchloride (PVC), Silicone, Thermoplastic Olefin (TPO), Ethylene Propylene Diene Terpolymer (EPDM) and others), Application (Roofing, Walls, Floors, Basement, tunnel, and others), End Use Industry (Construction, Textile, Automotive, Electronics, Marine and Others), and Region till 2023

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Pune, India -- (SBWire) -- 12/21/2017 --Waterproofing Chemical is a specific synthetic chemical product that protect the structure from water penetration and percolation. Excess water penetration in buildings can shorten their life span and may cause an accidental damage to the structure apart from electrical, metal and other structural hazards. Waterproofing Chemicals increase the shelf life of concretes and other construction material as well as extend durability to the infrastructures. It is applied to the exterior of a foundation system or mixed with a construction material. Application of Waterproofing confer a significant advantage to the building or a substrate such as it lowers the maintenance cost of the buildings, sustain edifice and protect from extreme weather conditions.

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The most important advantage of Waterproofing Chemicals Market is that it adds into the lifespan of the structure, which makes it economical and sustainable. The demand for light weight and stiff structures is growing in construction, automotive, and aerospace industry, which is need to be sealed properly to protect it from the leakages during extreme weather conditions. The Global Waterproofing Membrane Market is set to grow at a considerable CAGR of 9% to reach a double digit billion dollar figure, which is expected to fuel the demand for Waterproofing Chemicals. Increasing demand for waterproofing sealants in new hybrid and electric vehicles to protect their internal wiring is projected to drive the Global Waterproofing Chemicals Market in automotive industry. The major players in the market are investing nearly 3% of their sales revenue in development of new chemicals and technology for Waterproofing applications, which is anticipated to boost the demand for Waterproofing Chemicals over the review period. Apart from this, the coastal countries are aspiring to dominate the seas in their affinity, which may push the demand for Waterproofing Chemicals in numerous applications in marine industry such as ship building, seabed exploration, and others. However, lack of awareness, scarcity of skilled labor in some of the major emerging economies, and inconsistent raw material prices which are heavily dependent on petrochemical demand-supply may restrain the market growth during the forecast period. Nevertheless, the major end use industries such as aerospace, defense, and marine will continue using the metal based composite structures on account of strength that material provides.

Regional Analysis:

The Global Waterproofing Chemicals Market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is the fastest growing market, among them, owing to the growth of construction industry along with steadily growing automotive and marine industry in the region. India, Japan, Vietnam, and China are the major markets in this region due to increasing public investment in marine and defense sector. North America is the second largest shareholder in the Global Waterproofing Chemicals Market following Asia Pacific. The U.S. is the largest market in this region owing to increasing demand for the product from various industries such as aerospace, marine and defense industries in this country. The U.S. is a leading market when it comes to invest in marine sector. This, in turn, is expected to favor the Waterproofing Chemicals Market in this region. Europe is another significant region in the Global Waterproofing Chemicals Market and the U.K, France, Germany, and Switzerland are the major contributor to the growth of this region. The automotive industry in Europe drives the growth of the regional market owing to its larger demand. Latin America is witnessing a steady growth in end use industries in countries such as Brazil and Argentina. The marine industry in Brazil is estimated to gain substantial momentum during the forecast period to push the growth of the regional Waterproofing Chemicals Market. In coming years, growing opportunities in the construction industry in the countries of the Middle East & Africa are likely to propel the growth of the regional market.

Segmentation:

The Global Waterproofing Chemicals Market has been segmented on the basis of product, application, end use industry, and region.

Based on Product, the market is divided into bitumen, polyvinylchloride (PVC), silicone, thermoplastic olefin (TPO), ethylene propylene diene terpolymer (EPDM), and others.

On the Basis of Application, the market is segmented into roofing, walls, floors, basement, tunnel, and others.
Furthermore, Based on End Use Industry, the Global Waterproofing Chemicals Market categorized into construction, textile, automotive, electronics, marine, and others. Among these, construction industry is holding a major share of the overall demand for Waterproofing Chemicals.

Geographically, the market is divided into five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

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Key Players:
Some of the key players operating in the Global Waterproofing Chemicals Market are Liquipel LLC (U.S.), BASF SE (Germany), SIKA AG (Switzerland), Pidilite Industries Ltd. (India), Fosroc (U.K), Wacker Chemie AG (Germany), RPM International Inc. (U.S), Dubond Products (India) Pvt. Ltd (India), The Dow Chemical Company (U.S), and Choksey Chemicals Pvt. Ltd. (India), among others.

Key Points from Table of Contents:

12. Company Profiles

12.1 Liquipel LLC
12.1.1 Company Overview
12.1.2 Product/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments

12.2 BASF SE
12.2.1 Company Overview
12.2.2 Product/Business Segment Overview
12.2.3 Financial Updates
12.2.4 Key Developments

12.3 SIKA AG
12.3.1 Company Overview
12.3.2 Product/Business Segment Overview
12.3.3 Financial Updates
12.3.4 Key Developments

12.4 Pidilite Industries Ltd.
12.4.1 Company Overview
12.4.2 Product/Business Segment Overview
12.4.3 Financial Updates
12.4.4 Key Developments

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