• Stacy Lawlor

Global Waterproofing Chemicals Market Size to grow USD 79.3 Bn in 2028

The Global Waterproofing Chemicals Market Size was valued at USD 30.8 Bn in 2021. The market is projected to grow USD 79.3 Bn in 2028, at a CAGR of 7.5%.

Global Waterproofing Chemicals Market Size to grow USD 79.3 Bn in 2028

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Waterproofing is a process which prevents products or properties from the effects of water while also providing a chemical and corrosion barrier. Waterproofing chemicals are a blend of different chemical compounds that are used to make a product more resistant to leaking and longer lasting. These compounds are used in products such as cement, plastics, colors, inks, paints, mortar, and detergents as additives and admixtures. Polyethylene, polyurethanes, polysulfide sealants, elastomeric coatings, and acrylic polymer are some of the most often utilized waterproofing compounds. Waterproofing chemicals are employed in a variety of technologies, including membranes, coatings, and integrated systems, among others. The waterproofing chemicals industry is rapidly expanding, and the product's cost effectiveness is driving the market. The need for waterproofing chemicals from end users grows as the construction quality increases. Furthermore, the waterproofing chemicals industry is driven by cost-effectiveness. Waterproofing chemicals are used for a variety of purposes, the most common of which is to prevent seepage and leakage caused by water and moisture. The construction industry is on the rise as a result of rapidly rising urbanization and industrialization around the world, which is projected to enhance demand for waterproofing chemicals.

Global Waterproofing Chemicals Market Size to grow USD 79.3 Bn in 2028

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The increasing rise of the construction industry, as well as widespread usage of waterproofing chemicals in infrastructure, automotive, and the textile industry, are driving the waterproofing chemicals market. During the projected period, the construction sector would account for a major market share, owing to a significant growth in infrastructural improvement in the global market. PVC, thermoplastic olefin (TPO), polytetrafluoroethylene (PTFE), bitumen, silicone, and ethylene polypropylene diene terpolymer are among the waterproofing chemical market's product segments. The development of specialist applications for waterproofing chemicals, such as bitumen bonding, expansion joints, and subsoil waterproofing, is expected to boost market growth. Furthermore, the flexible and water-resistant features of these chemicals are expected to broaden the area of application in the water management sector, which is expected to benefit the market's overall growth in the coming years.


The polymers segment dominated the global waterproofing chemicals market share owing to The rising demand for thermoplastic polyolefins is likely to be a growth driver due to their excellent energy efficiency. Furthermore, throughout the forecast period, increased demand for acrylic polymer for waterproofing based coatings is likely to generate new potential prospects. The roofing & walls segment dominated the global waterproofing chemicals market share owing to the rapid urbanization along with rising middle-class disposable income, is expected to drive market expansion in the construction sector. Rising consumer awareness of product quality is expected to have a favorable impact on market growth over the forecast period.

Global Waterproofing Chemicals Market Size to grow USD 79.3 Bn in 2028

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North America is expected to dominate the market share of global waterproofing chemicals market owing to the growing capabilities for the development in infrastructures and expansion of mega cities. For instance, according to the survey in 2020, US and Canada are leading the way in investing on waterproofing chemicals projects. Europe region is expected to account highest CAGR across the forecast period of global waterproofing chemicals market owing to the heavy investments on waterproofing chemicals developments and the demand for bio-based waterproofing chemicals will expand in upcoming years. The European Commission has approved advantageous regulations for the manufacturing of natural-based polymer goods such as biopolymers, allowing businesses to offer environmentally beneficial products and solutions.


KEY INDUSTRY DEVELOPMENTS:


August 2021- Sika acquired Shenzhen Landun Holding Co., Ltd which offers comprehensive range of waterproofing products and technologies to strengthen local supply chain in the market.


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https://www.extrapolate.com/Chemicals-and-Advanced-Materials/waterproofing-chemicals-market/25706

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