Waterproofing Chemicals Market Worth 30.88 Billion USD by 2021

May 10, 2016, 10:30 ET from MarketsandMarkets

PUNE, India, May 10, 2016 /PRNewswire/ --

The report "Waterproofing Chemicals Market by Chemistry (Bitumen, Elastomers, PVC, TPO, EPDM), System/Technology (Preformed Membranes, Coatings & LAMs, Integral System), Application (Roofing & Walls, Floors & Basements, Waste & Water Management, Tunnel Liners) and Geography - Forecast to 2021", published by MarketsandMarkets, The market size is estimated to grow from USD 17.43 Billion in 2016 to USD 30.88 Billion, by 2021, at a CAGR of 12.1%.

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Browse 129 market data Tables and 64 Figures spread through 197 Pages and in-depth TOC on "Waterproofing Chemicals Market"

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The market is driven by the rising building & construction industry, improved quality of construction and cost effectiveness of waterproofing chemicals.

Roofing & walls the largest application market for waterproofing chemicals 

The roofing & walls segment dominated the waterproofing chemicals market with the maximum share in 2015. Waterproofing chemicals have been successfully employed for many years in the commercial & residential construction industry for applications such as roofing & walls and floors & basements. With the growing construction industry in the developing economies, the market of waterproofing chemicals is further expected to rise in in the forecast period.

Bitumen The largest type market of waterproofing chemicals 

Bitumen is the most common type of waterproofing chemical used, globally. It is extensively used in preformed membranes and coatings & LAMs as bitumen waterproofing membrane. Bituminous membranes and coatings offer exceptional waterproofing properties, and incorporate high toughness, good traffic resistance, excellent high-resistance properties, and excellent resistance to UV light. Increased government investments on commercial building & construction projects are driving the demand for waterproofing system/technology, which drives the demand for bitumen, globally.

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Asia-Pacific The largest market of waterproofing chemicals 

Asia-Pacific which includes China, India, Japan, and, Australia has always been a strong market of  waterproofing chemicals and, globally, this market has been a leader for waterproofing chemicals with respect to demand as well as consumption. In Asia-Pacific, the growth of construction activities, especially, in China is an important indicator of the demand for waterproofing chemicals.  China is the largest construction market having  firm government support and an obligation to increase its sustainable construction and urbanization, which results in  increased demand for waterproofing chemicals.

Browse Related Reports: 

Waterproofing Membrane Market by Type (Modified Bitumen, PVC, TPO, EPDM, HDPE, LDPE), by Application (Roofing & Walls, Building Structures, Waste & Water Management, Tunnel Liners, Bridges & Highways), by region - Trends & forecasts to 2020

Liquid Applied Membranes Market - by Type (Elastomeric, Bituminous, and Cementitious), by End-Use Industry (Residential Construction, Commercial Construction, and Public Infrastructure) and by Region - Global Forecast To 2020

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