Waterproofing Chemicals Market Growth, Trend, Price and Forecast Global Waterproofing Chemicals Market

Global Waterproofing Chemicals Market: Focus on Expansion
across Emerging Economies Essential for Sustainable Profits,
says TMR
The global waterproofing chemicals market features a highly consolidated competitive landscape, with
the top five companies accounting for over 85% of the overall market in 2015, observes Transparency
Market Research in a recent report. These five companies, namely BASF SE, The Dow Chemical
Company, E.I. du Pont de Nemours and Company, Evonik Industries, and Sika AG hold strong market
positions owing to their wide geographical presence and product portfolios that span across a vast range
of industrial applications. Market-oriented research and developments and increased focus on emerging
markets such as Asia Pacific and Middle East and Africa are expected to bolster growth prospects of
potential competitors in the near future.
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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Healthy Demand across Construction Sector to Help Market Gain Momentum
Sustainable demand across the global construction industry is pivotal to the overall development of the
global waterproofing chemicals market as the former provides the market more than 60% of its business.
In the past few years, the rising demand for a variety of waterproofing chemicals in the ever-expanding
construction industry, for purposes such as the protection of buildings and structures from leakage and
seepage caused by water and moisture, has been key to market growth. The demand for these chemicals
has remained strong from new construction projects as well as projects managing refurbishment of existing
buildings.
The public infrastructure space, including structures such as bridges, tunnels, pavements, roadways, and
public utility centers, has also been key to the healthy demand for waterproofing chemicals in the global
market. Extensive investments and the rising implementation of development programs in this field across
regions such as Asia Pacific and Africa are expected to fuel the demand for waterproofing chemicals in the
next few years.
Low Product Awareness among Consumers could Hinder Market Growth