TMR_Research_Reports_2017 Waterproofing Chemicals Industry Insights 2024 | Page 3

Waterproofing Chemicals Market
Construction Industry to Continue to Contribute Significant Share in Global Revenue
Of the key end-use sectors utilizing waterproofing chemicals for a number of applications, the
construction and infrastructure industries are responsible for cumulatively the largest share in the
overall revenue of the global waterproofing chemicals market. These two industries accounted for
more than 70% of the overall market in 2015 and are expected to continue to play a key role in the
market’s future development as well. In terms of geography, Asia Pacific is presently the dominant
regional market for waterproofing chemicals and is expected to retain dominance on account of its
thriving construction sector.
Construction Sector to Help Global Waterproofing Chemicals Market Gain Maximum Traction
The demand for waterproofing chemicals is one of the largest contributors of revenue to the global
market for waterproofing chemicals. In 2015, the construction industry accounted for over 60% of the
global market’s revenue and is expected to continue playing a pivotal role in the overall future
development of the global waterproofing chemicals market in the next few years as well. Although
waterproofing chemicals still find usage mostly in upscale construction projects owing to high cost,
their demand is expected to rise at an encouraging pace in the next few years, especially across the
thriving construction industry in emerging economies such as India and China.
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The demand for waterproofing chemicals is expected to rise at a promising pace across the public
infrastructure space, including the construction of roadways, pavements, tunnels, bridges, and public
utility centers. Rising investments aimed at infrastructure development in countries across African
countries are also expected to drive the market for waterproofing chemicals to a large extent.
High Product Costs Limit Applicability to Upscale Construction Projects
One of the key factors to have limited the use of waterproofing chemicals in the consumer market is
the high cost associated with both the product as well as labor. This factor has s