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Waterproofing Chemicals Market Competitive Landscape by 2022

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 accou