This market study report presents a comprehensive segmentation of the global waterproofing chemicals market by products (bitumen and polymers), by application (roofing, walls, building structures, landfills, and tunnels), and by geography (APAC, Europe, Latin America, and North America). The key vendors analyzed in this report are Conpro Chemicals, Triton Chemicals, Dow, Pidilite, and Bostik.
Technavio’s market research analysts estimate the global waterproofing chemicals market, to grow at a CAGR of around 6% between 2016 and 2020. Rise in disposable income of people and rapid urbanization have resulted in increased renovation activities of residential buildings. This augmented expenditure on renovation activities have increased the demand for waterproofing chemicals as re-roofing activities involve the extensive use of waterproofing chemicals. APAC leads the market for waterproofing chemicals, accounting for 40% of the overall market revenue. Much of theis region’s growth can be attributed to the recent launch of new housing projects and the demand for residential roofing materials
The new market research report from Technavio provides a breakdown and analysis of the waterproofing chemicals segments by technology.
“Rising popularity of green roofing techniques is one of the latest trends gaining traction in this market. The technique of green roofing is extensively used in residential and commercial buildings as it helps to save energy and rainwater runoffs. Also, the ability of such techniques to improve the air quality by reducing the amount of polluting air particles in buildings will lead to its augmented adoption over the next four years,” says Chandrakumar BJG, Lead Analyst, Chemicals & Materials, Technavio Research
Technavio market research analysts have estimated the roofing segment to account for more than 32% of the total market share by 2020. The increasing government expenditure on rapid infrastructure development is a critical factor that fuels the prospects for growth in this segment during the forecast period.
The key vendors in the global waterproofing chemicals market include Conpro Chemicals, Triton Chemicals, Dow, Pidilite, and Bostik. Intense competition, rapid technological advancements, and frequent changes in consumer preferences constitute significant risk factors for providers in the market. The global waterproofing chemicals market is fragmented with regional players dominating certain markets, and also global players. Many countries comprise a few medium to large companies with a national presence and a number of small companies that have a strong regional presence. The development of innovative products by vendors is expected to help the market growth during the forecast period.
A more detailed analysis is available in the Technavio report, Global Waterproofing Chemicals Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
