Global Waterproofing Chemicals
Market is expected to exceed USD 7 billion by 2022, according to a new study by
Grand View Research, Inc. Construction industry growth is anticipated to drive
the market growth of waterproofing chemicals. Government of China, India,
France and UK have framed numerous policies for clean groundwater and land
filling, which is anticipated to increase the application of waterproofing
chemicals over the forecast period.
Roofing was the largest
application segment, accounting for over 25% of global waterproofing chemicals
market revenue in 2014. Rising popularity of roofing membranes to prevent water
leakage in residential and commercial structures is expected to fuel
waterproofing chemicals market demand in the near future.
In depth research report on Waterproofing Chemicals Market
Further key findings from the study suggest:
•
Bitumen was the largest product
segment, accounting for over 40% of global market revenue in 2014. Increasing
application of bitumen as roll roofing component in residential and commercial
building structures on account of its unique properties including high
viscosity and stickiness is expected to have a positive impact on market.
•
Gaining popularity of
thermoplastic polyolefin (TPO) on account of being heat reflective and an
energy efficient roofing system is expected to have a positive impact on market
growth over the next seven years.
•
Building structures are
anticipated to remain fastest growing application segment on account of
increasing government expenditure on infrastructure improvement in Brazil,
India, China, Mexico and Saudi Arabia.
•
Asia Pacific was the largest
waterproofing chemicals market, accounting for over 40% of market revenue in
2014. Growing housing sector in China and India in light of increasing
urbanization and population growth is expected to fuel waterproofing chemicals
market over the forecast period. Government of India announced National
Manufacturing Policy in 2011, intended for enhancing the production output in
chemicals, automotive, pharmaceutical and food & beverage industries at
domestic level. This regulatory move is anticipated to increase the penetration
of commercial structures, which is likely to fuel waterproofing chemicals
market demand in the near future.
•
Major waterproofing chemicals
manufacturers include companies such as Conpro Chemicals, Triton Chemicals, Dow
Chemical Company, Pidilite Industries, Bostik and Sika. Expansion of refining
capacity in Middle East is anticipated to ensure raw material access for
waterproofing chemicals manufacturers in the near future.
For the purpose of this study,
Grand View Research has segmented the global waterproofing chemicals market on
the basis of product, application and region:
Global Waterproofing Chemicals Product Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2012 - 2022)
•
Polymers
•
PVC
•
TPO
•
EPDM
•
Others
•
Bitumen
•
SBS
•
APP
•
Others
•
Others
Global Waterproofing Chemicals Application Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
•
Roofing
•
Walls
•
Building structures
•
Landfills & tunnels
•
Others
Global Waterproofing Chemicals Regional Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2012 - 2022)
•
North America
•
U.S.
•
Europe
•
Germany
•
UK
•
Latin America
•
Brazil
•
Asia Pacific
•
China
•
India
•
MEA
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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