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.
The Global Waterproofing Chemicals Market is expected to exceed USD 7 billion by 2022, according to a new study by Grand View Research, Inc.
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.
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.
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Top Players of Waterproofing Chemicals Market:
Major waterproofing chemicals manufacturers include companies such as Conpro Chemicals, Triton Chemicals, Dow Chemical Company, Pidilite Industries, Bostik and Sika.
Market Segmentation of Waterproofing Chemicals Market:
The Global Waterproofing Chemicals Market segmented on the basis of Product, Application and Region.
By Product:
Polymers
PVC
TPO
EPDM
Bitumen
SBS
APP
By Application:
Roofing
Walls
Building structures
Landfills & tunnels
By Region:
North America
Europe
Latin America
Asia Pacific
MEA
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