TMR_Research_Reports_2017 Waterproofing Chemicals Market Industry Insights | Page 2

Waterproofing Chemicals Market
REPORT
Waterproofing Chemicals Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 - 2024
With the robust growth of the construction industry, the global market for waterproofing chemicals has
gain substantial impetus across the world. Waterproofing chemicals are used for several purposes,
such as, the protection of the buildings from seepage and leakage caused by water and moisture.
The upswing in industrialization and the rise in urbanization have stimulated the demand for these
chemicals considerably, which is likely to remain strong across the world on the grounds of new
construction projects as well as projects managing refurbishment of existing buildings. The increasing
costs raw materials and surge in labor wages is expected to drive this market further in the years to
come.
The rising construction of public infrastructure spaces, such as, tunnels, bridges pavements, and
public utility centers, and roads, are also projected to add to the demand for waterproofing chemicals
in the near future.
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chemicals-market.html
In 2015, the overall opportunity in the global waterproofing chemicals market was US$7.6 bn.
Analysts expect the market to remain positive with a CAGR of 5.10% over the period from 2016 to
2024 and reach a value of US$12.3 bn by the end of 2024.
Construction Industry to Remain Key Consumer for Waterproofing Chemicals
Waterproofing chemicals find an extensive application in the infrastructure, textile and leather,
automotive, and the construction sectors. Among these, the construction sector has surfaced as the
leading consumer of these chemicals and is expected to remain dominant over the next few years. In
construction activities, roofing has been exhibiting a considerable demand for these chemicals,
thanks to a substantial increase in the government fund on the improvement of infrastructure across
the world.
PVC, polytetrafluoroethylene (PTFE), thermoplastic olefin (TPO), bitumen, silicone, and ethylene
propylene diene terpolymer (EPDM) are the key products available in the global market for
waterproofing products. Among these, bitumen holds the maximum amount of share in the global
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