Albany, NY -- (SBWIRE) -- 11/06/2017 -- TMR estimates that in terms of revenue, the market was valued at U.S$7,948.4 mn in 2015 and will reach U.S$12,335.2 mn by 2024, expanding at a healthy CAGR of 5.1% between 2016 and 2024. In terms of end-use, the construction and infrastructure sectors cumulatively held more than 70% of the waterproofing chemicals business. These segments are also expected to retain their positions as the leading consumers of waterproofing chemicals over the forecast period. Geographically, the market for waterproofing chemicals in Asia Pacific is presently the leading regional market and is expected to remain the dominant regional market over the forecast period as well.

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The Middle East and Africa, Europe, Asia Pacific, Latin America, and North America have surfaced as the key regional markets for waterproofing chemicals. Among these, Asia Pacific has acquired the leading position and is anticipated to remain seated here over the forthcoming years. The significant rise in building and construction activities and the rising number of smart city projects in various countries, such as New Zealand, India, and Singapore are the main driving factors behind the growth of the Asia Pacific market for waterproofing chemicals.

Among others, the Middle East and Africa region is emerging as the most promising market for waterproofing chemicals, thanks to the increasing expansion of the refining capacities of a number of refineries in the Middle East.

The highly consolidated competitive landscape of waterproofing chemicals includes several established players, such as Liquipel LLC, RPM International Inc., MUHU (China) Construction Chemicals, Archroma Management LLC, Sibelco AG, Pidilite Industries Ltd., H.B. Fuller, W.R. Grace and Co., Sika AG, Evonik Industries, Akzo Nobel NV., Wacker Chemie AG, Mapei SpA, E.I. du Pont de Nemours and Co., The Dow Chemical Co., and BASF SE. These partcipants are concentrating on their expansion in emerging economies in Asia Pacific, Latin America, and the Middle East and Africa.

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