Monday, June 20, 2016
Waterproofing Chemicals Market : Global Industry Research Analysis, Market size and Forecast 2022
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As stated in a recently
published information by Credence Research, “Waterproofing Chemicals
Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015
- 2022,” the waterproofing chemicals market was valued at US$ 6.35 Bn
in 2015, and is expected to reach US$ 10.46 Bn by 2022, expanding at a CAGR of
7.4% from 2016 to 2022.
Market
Insights
Waterproof by its name
denotes object which is water resistant or can withstand water under specific
conditions. The chemicals which are used as admixtures in the concrete are
known as waterproofing chemicals. Concrete is the vital building material used
on everything ranging from residential projects to water treatment plants and
tunnels. Concrete is a hard and dense material but still consist of pores which
make it susceptible to deterioration and damage from chemical or water
penetration. In this case, all residential and commercial projects require
waterproofing systems.
Browse here for
full with ToC : http://www.credenceresearch.com/reoprt/waterproofing-chemicals-market
Waterproofing chemicals
are categorized as product types into two segments; Bitumen and Polymers. Bitumen
waterproofing chemicals are especially used for maintenance of residential and
commercial buildings. Bitumen waterproofing chemicals are produced using
organic liquids which are highly sticky, waterproof and viscous in nature.
Polymers such as TPO, PVO, EPDM, etc. are used for coating water tanks, slabs,
roof tops, etc. These polymers provide high waterproofing ability, strong
masonry bond and improves the strength and durability of walls, slab, etc.
Bitumen waterproofing is used on a large scale due to its organic nature.
Therefore, bitumen waterproofing chemicals are on high demand in the market.
Growing building and
construction Industry in the emerging economies is expected to boost demand for
waterproofing chemicals market. Asia Pacific is expected to experience the
highest demand as compared to North America, Europe, Latin America and Rest of
the World. Rising demand from the plastic and paints and coatings industry is
projected to fuel growth of global waterproofing chemicals market.
Competitive
Insights
Roofing application is
expected to lead the global waterproofing chemicals market in 2015.
Waterproofing chemicals market is mixed with concrete or a layer of
waterproofing chemicals is applied on the roof to make its water resistant and
to avoid leakage problems. These chemicals have served best to their
requirement and hence have high demand from the building and construction
industry. One among the driving factors of global waterproofing chemicals
market is use of advanced material in the construction which ensures high
quality of the finished products. Hence, these chemicals are used for other
applications such as buildings, tunnels, walls, landfills, etc. Building
accounted for the second largest application of waterproofing chemicals market and
is expected to retain its position during the forecast period. Other
applications are also anticipated to fuel growth of global waterproofing
chemicals market during the forecast period from 2016 to 2022.
The major players leading
the global waterproofing chemicals market include Pidilite, SIKA AG, BASF and
Forsoc among others. They players dominate the global market in terms of sales,
production and research and development. Hence, high competition is observed in
the market among the key players of global waterproofing chemicals market.
Key
Trends
·
Increased globalization
·
Use of advanced materials in construction
·
Changing government policies
·
Increased focus on quality material
About Us:
Credence Research is a
worldwide market research and counseling firm that serves driving
organizations, governments, non legislative associations, and not-for-benefits.
We offer our customers some assistance with making enduring enhancements to
their execution and understand their most imperative objectives. Over almost a
century, we’ve manufactured a firm extraordinarily prepared to this task.
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