ALBANY, New York, November 14, 2016 /PRNewswire/ --
Transparency Market Research has published a new report titled "Waterproofing Chemicals (Bitumen, PVC, EPDM, TPO, PTFE and Silicone) Market by Technology (Sheet based Membrane, Liquid Coated Membrane, Cementitious Waterproofing and Others) for Construction, Infrastructure, Automotive, Textile & Leather and Others - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016-2024." According to the report, the global Waterproofing Chemicals market was valued at US$ 7,669 Mn in 2015 and is anticipated to reach US$ 12,335.2 Mn by 2024, expanding at a CAGR of 5.1% between 2016 and 2024.
Waterproofing Chemicals are a class of fine/specialty chemicals which arrest or inhibit permeability of water or moisture to interior or exterior surfaces of wide range of materials e.g. cement/ concrete walls, fabrics, leather articles, paper, electronic goods etc. It is applied mainly in form of sheet membranes, cementitious coating, liquid coating membranes, sprays and coatings etc.
Waterproofing chemicals generally function as coating materials and additives .The major products have been identified as Bitumen, PVC, EPDM, TPO, PTFE and Silicones etc.
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Demand for Waterproofing Chemicals has been moderate in recent years owing to sluggish end use markets as well as the specialty chemicals market caused by weak economic growth and volatile raw material prices. The global consumption of Waterproofing Chemicals is however estimated to increase at a decent rate during the forecast period owing to growth in end use industries and the subsequent demand generated.
The major role of waterproofing chemicals is in the field of building and construction sector as a construction material and additive chemical as well. The roofing application on interior and exterior surfaces of buildings, monuments and other structures is one pivotal end use which employ waterproofing chemical products such as Bitumen, TPO and EPDM etc. as a membrane covering across the desired surface. Another technology type which is used exclusively in the construction segment is Cementitious Waterproofing which is applied on cement/ concrete based structures such as dams, tunnels, roadways, bridges, public utility space etc. and other non-residential structures being classified under the Infrastructure sector Waterproofing chemicals are also used as additives in decorative and protective paints /coatings and applied via other technologies such as liquid coated membrane and sprays, nano coatings etc. The other end uses of waterproofing chemicals are adhesives and sealants in automotive industry, waterproof fabric and leather articles as a protective gear, coatings for printed electronic circuit boards and miscellaneous materials such as paper, wood, plastics etc.
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The growth in the construction, infrastructure and automotive sectors is anticipated to propel the Waterproofing Chemicals market in Asia Pacific. The North America, especially U.S.is another prominent market for Waterproofing Chemicals, owing to growth of construction chemicals in the developing residential housing market in the region. The burgeoning construction and infrastructure sectors in Middle East and Africa is also likely to cause the growth of Waterproofing Chemicals at a rapid rate during the forecast period. The Waterproofing Chemicals market is also expected to have a moderate growth in regions such as the Europe and Latin America.
Major players in the Waterproofing Chemicals market include The Dow Chemical Company, E.I. du Pont de Nemours and Company, BASF SE, Sika AG, Evonik Industries, Wacker Chemie AG, RPM International Inc., W.R. Grace and Company, MAPEI Corporation and Pidilite Industries etc.
The Waterproofing Chemicals market has been divided into the following segments.
Waterproofing Chemicals Market - Product Analysis
Waterproofing Chemicals Market - Technology Analysis
- Sheet based Membrane
- Liquid Coated Membrane
- Cementitious Waterproofing
- Others (sprays, coatings etc.)
Waterproofing Chemicals Market - End Use Analysis
- Textile and Leather
Waterproofing Chemicals Market - Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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