Global Waterproofing Chemicals Market Size Witnessing Growth Spurts: Forecast to Grow at a CAGR of 11.7% by 2028: Zion Market Research

NEW YORK, April 25, 2022 /PRNewswire/ -- As per Zion Market Research study, The global waterproofing chemicals market was worth around USD 30,582.10 million in 2021 and is estimated to grow to about USD 59,399.98 million by 2028, with a compound annual growth rate (CAGR) of approximately 11.7 percent over the forecast period. The report analyzes the waterproofing chemicals market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the waterproofing chemicals market. 

 Key Industry Insights & Finding of the Waterproofing Chemicals Market Reports:

• As per the analysis shared by our research analyst, the Waterproofing Chemicals Market is expected to grow annually at a CAGR of around 11.7% (2022-2028).
• Through the primary research, it was established that the Waterproofing Chemicals Market was valued approximately USD 30,582.10 Million in 2021 and is projected to reach to roughly USD 59,399.98 Million by 2028.
• The high growth of the waterproofing chemicals market in this region can be linked to the high demand for infrastructure development.
• India and China are prominent economies that will drive waterproofing chemicals market growth owing to rapid industrialization and urbanization driven by supportive government initiatives.

Zion Market Research published the latest report titled as "Waterproofing Chemicals Market On The Basis Of Chemistry (Bitumen, Elastomers, PVC, TPO, EPDM), On The Basis Of System/Technology (Preformed Membrane, Coatings & LAMs, Integral Systems), On The Basis Of Application (Roofing & Walls, Floors & Basements, Waste & Water Management, Tunnel Liners, Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028." into their research database.

Waterproofing Chemicals Market: Overview

Waterproofing Chemicals have found a wide scope of application in the construction industry across the world as the need for better infrastructure bolsters on a global scale and this trend is anticipated to propel waterproofing chemicals market potential over the forecast period.

Rapid urbanization and industrialization have boosted construction activity all over the globe and this is the major driver for waterproofing chemicals demand over the forecast period. The presence of key waterproofing chemicals companies and preference for better and advanced solutions in the construction industry is projected to be other trends that influence waterproofing chemicals market growth through 2028.

However, stringent regulatory laws will make it difficult to deploy waterproofing chemicals as they have an adverse impact on human and environmental health which is a major obstruction to the sustainability trend that the world is focusing on.

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• 2022 Updated Report Introduction, Overview, and In-depth industry analysis
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• Includes Updated List of tables & figures
• Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
• Zion Market Research methodology

Industry Dynamics:

Waterproofing Chemicals Market: Growth Dynamics

• Urbanization to Drive Waterproofing chemicals Market Growth

The world has seen a notable increase in urbanization on a global scale and is anticipated to majorly influence the waterproofing chemicals market potential over the forecast period. Especially, in urbanization in emerging economies like India, China, and Brazil the demand for waterproofing chemicals will be prominent and these countries will be the most lucrative markets for waterproofing chemicals companies through 2028. High demand for developed infrastructure will also shape the market growth over the forecast period.

Waterproofing Chemicals Market: Restraints

• Adverse Impact on Environment To Constrain Waterproofing chemicals Market Potential

Waterproofing Chemicals and membranes have a major adverse impact on the environment and these could potentially even be harmful to the human health in the long run. Since most chemicals are used in spray format they can easily affect the workers and create an adverse situation and hence these factors will hinder the waterproofing chemicals adoption over the forecast period. Stringent regulations against the use of harmful chemicals will further make it difficult to deploy waterproofing chemicals that are toxic in nature.

Waterproofing Chemicals Market: Segmentation

·  The global Waterproofing Chemicals Market is segregated based on product, product type, application, and region.

By Application, the Waterproofing Chemicals market is segmented into roofing & walls, floors & basements, waste & water management, tunnel liners, and others. The roofing and wall segment held a dominant share in the global waterproofing chemicals market and is projected to be the most lucrative segment over the forecast period as well. Increasing focus on avoiding leakages in buildings has majorly contributed to the growth in demand from this segment and is continued to do so through 2028.   

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Recent Developments

• In January 2022 – Saint-Gobain a leading name in the construction chemicals industry is forking out nearly USD 2 billion for GCP Applied Technologies which is known for its high-performance waterproofing solutions and other specialty construction chemicals.

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List of Key Players of  Waterproofing Chemicals Market:

• BASF SE
• The DOW Chemical Company
• Mapei S.P. A
• Carlisle Companies Inc.
• Soprema Group
• Pidilite Industries Limited
• Fosroc International Limited
• Johns Manville Corporation
• Drizoro S.A.U.
• Conpro Chemicals Private Limited
• SIKA AG

Key questions answered in this report:

• What are the growth rate forecast and market size for Waterproofing Chemicals Market?
• What are the key driving factors propelling the Waterproofing Chemicals Market forward?
• What are the most important companies in the Waterproofing Chemicals Market Industry?
• What segments does the Waterproofing Chemicals Market cover?
• How can I receive a free copy of the Waterproofing Chemicals Market sample report and company profiles?

Report Scope:

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Regional Dominance:

Asia Pacific waterproofing chemicals market led the global Waterproofing Chemicals market in terms of revenue and volume share and is anticipated to hold this stance through the forecast period. The high growth of the waterproofing chemicals market in this region can be linked to the high demand for infrastructure development. India and China are prominent economies that will drive waterproofing chemicals market growth owing to rapid industrialization and urbanization driven by supportive government initiatives. High construction activity in residential and commercial sectors in this region will positively boost the waterproofing chemicals market growth through 2028.

Global Waterproofing Chemicals Market is segmented as follows:

 Waterproofing Chemicals Market: By Chemistry Outlook (2022-2028)

• Bitumen
• Elastomers
• PVC
• TPO
• EPDM

Waterproofing Chemicals Market: By System/Technology Outlook (2022-2028)

• Preformed Membrane
• Coatings & LAMs
• Integral Systems

Waterproofing Chemicals Market: By Application Outlook (2022-2028)

• Roofing & walls
• Floors & basements
• Waste & water management
• Tunnel liners
• Others

Waterproofing Chemicals Market: By Region Outlook (2022-2028)

North America

• The U.S.
• Canada

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa

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