Waterproofing Chemicals Market
Persistence Market Research anticipates that the market for waterproofing chemicals will grow at a moderate rate. According to the data in this study, the global market for waterproofing chemicals was estimated to be worth close to US$ 9,000 Mn in 2019 and is projected to reach a Revenue of close to US$ 13.2 Bn by the end of 2029.
Waterproofing chemicals are used in a variety of applications including building and construction, water purification and treatment, consumer goods, transportation and marine industries. Waterproofing chemicals offer superior protection from liquids or moisture and are used to protect structures from corrosion, rusting, rot, and other damage caused by water exposure.
Waterproofing Chemicals Market Drivers
Growing construction industry: The growth of the construction industry, particularly in developing economies, is expected to drive the demand for waterproofing chemicals. The increasing demand for residential and commercial buildings, infrastructure development projects, and other construction activities is expected to boost the market growth.
Rising demand for energy-efficient buildings: The increasing focus on energy-efficient buildings is expected to drive the demand for waterproofing chemicals. The use of waterproofing chemicals in building and construction helps to reduce energy consumption by preventing the infiltration of water and reducing the risk of mold growth.
Increasing awareness about the benefits of waterproofing chemicals: The growing awareness about the benefits of waterproofing chemicals, such as increased durability, protection against water damage, and reduced energy consumption, is expected to drive the market growth.
Waterproofing Chemicals Market Restraints
High cost of waterproofing chemicals: The high cost of waterproofing chemicals is expected to limit the market growth. The cost of raw materials, production processes, and transportation is expected to increase the cost of waterproofing chemicals.
Stringent regulations regarding the use of waterproofing chemicals: The use of waterproofing chemicals is subject to various regulations, such as safety, environmental, and health regulations. The stringent regulations are expected to limit the market growth.
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Waterproofing Chemicals Market Key Players-
• BASF SE
• DowDuPont Inc.
• Wacker Chemie AG
• Akzo Nobel NV
• Evonik Industries AG
• Sika AG
• W.R. Grace and Company
• H.B. Fuller
• Pidilite Industries Limited
• RPM International
• Others.
Waterproofing Chemicals Market Segmentation
The global waterproofing chemicals market can be segmented based on type, application, and region.
• Based on type, the market can be segmented into elastomeric waterproofing, bituminous waterproofing, cementitious waterproofing, and others.
• Based on application, the market can be segmented into building and construction, transportation, industrial, and others.
• Based on region, the market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
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Conclusion
The global waterproofing chemicals market is expected to grow significantly in the coming years, due to the increasing demand for waterproofing products in various applications, such as building and construction, transportation, and industrial sectors. The increasing focus on energy-efficient buildings and the growing awareness about the benefits of waterproofing chemicals is expected to drive the market growth. However, the high cost of waterproofing chemicals and stringent regulations regarding the use of waterproofing chemicals are expected to limit the market growth.
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