ALBANY, New York, April 21, 2017 /PRNewswire/ --
According to the research report published by TMR, the global Waterproofing Chemicals market was valued at US$ 7,669 Mn in 2015 and is anticipated to reach US$ 12,335.2 Mn by 2024, expanding at a CAGR of 5.1% between 2016 and 2024.
The demand for waterproofing chemicals in North America is anticipated to expand at a decent rate during the forecast period owing mainly to revival in the U.S. domestic residential housing and construction markets. Due to the rise in the number of environmental regulations related to products such as PTFE and Bitumen, counterparts such as TPO, Silicone etc. are expected to gain a significant share of their consumption in sheet based and liquid coated membrane applications. The market is considered to be a dynamic one with an array of global market leaders as well as regional players competing to acquire significant market share.
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Asia Pacific held significant share of the global refinery catalysts market in 2015. The growth and development in south East Asian nations in the construction, public infrastructure and automotive industry are likely to boost the waterproofing chemicals market in the region. China alone accounts for more than overall market share of the Asia Pacific Waterproofing Chemicals market. India, however is expected to record the maximum growth rate in the forecast period compared to other Asia Pacific countries/ states. With relaxed norms related to regulation of waterproofing chemical products, rampant use of the materials such as Bitumen, PVC etc. is expected compared to other geographical regions.
The Middle East & Africa market has witnessed a boom in building and construction as well as development in public infrastructure domain since the last three decades with GCC being the epicenter of development. Due to extreme high temperatures, the demand for thermoplastic and elastomeric waterproofing as well as other protective coating products have increased to preserve the desired building structures. The South Africa market is also touted as a promising market due to significant growth and development in public infrastructure sector in turn generating a considerable market for construction and waterproofing chemicals.
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Europe held a significant share of the global waterproofing chemicals market in 2015 with the Western Europe (Germany, Spain, U.K.) being a major market. Construction and automotive sectors are the major end use markets for waterproofing chemicals. The waterproofing chemicals market in Europe is projected to expand at a moderate rate during the forecast period owing to low end use industry growth rates and slowdown in demand.
Brazil and Mexico are the major markets considered in Latin America owing to investment activities in the field of public infrastructure by government as private enterprises. Automotive and electronics are also key end use segments which is expected to propel the demand for waterproofing chemicals. Overall the market is estimated to grow at a moderate rate during the forecast period.
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Major players in the Waterproofing Chemicals market include The Dow Chemical Company, E.I. du Pont de Nemours and Company, BASF SE, Sika AG, Evonik Industries, Wacker Chemie AG, RPM International Inc., W.R. Grace and Company, MAPEI Corporation and Pidilite Industries etc.
The Waterproofing Chemicals market has been divided into the following segments.
Waterproofing Chemicals Market - Product Analysis
Waterproofing Chemicals Market - Technology Analysis
- Sheet based Membrane
- Liquid Coated Membrane
- Cementitious Waterproofing
- Others (sprays, coatings etc.)
Waterproofing Chemicals Market - End Use Analysis
- Textile and Leather
Waterproofing Chemicals Market - Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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