PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1466602
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1466602
Global waterproofing chemicals market is currently experiencing significant growth, primarily driven by the thriving construction industry worldwide. Waterproofing chemicals play a crucial role in safeguarding buildings against water and moisture-induced seepage and leakage, thereby ensuring their durability and structural integrity. This comprehensive report delves into various facets of the global waterproofing chemicals market, encompassing historical data, future projections, key end-use industries, and the competitive landscape.
The construction industry emerges as a key driving force behind the robust growth of the waterproofing chemicals market. With the construction sector witnessing exponential expansion globally, the demand for waterproofing chemicals is poised to escalate. Factors such as rapid urbanization, industrialization, and the construction of public infrastructure contribute significantly to this surge in demand. Moreover, escalating costs of raw materials and labor wages further bolster market growth. The construction segment is projected to exhibit a moderate Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period, solidifying its position as the most lucrative sub-segment within the end-use industry category.
Following closely behind the construction sector, infrastructure development emerges as the second largest sub-segment by value in the end-use industry category of the global waterproofing chemicals market. The proliferation of infrastructure projects, including tunnels, bridges, roads, and public spaces, is a primary driver behind the increased demand for waterproofing chemicals. The infrastructure sub-segment is anticipated to witness a Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period, underscoring significant opportunities within this segment. Rising investments in infrastructure projects across regions further amplify market growth, highlighting the indispensable role of waterproofing chemicals in ensuring the longevity and resilience of infrastructure assets.
Projections by Persistence Market Research indicate a moderate 6% CAGR for the global waterproofing chemicals market. Valued at nearly US$ 13.5 billion in 2024, the market is expected to reach close to US$ 20.3 billion by 2031. Over the nine-year forecast period, key factors such as increasing urbanization, industrialization, infrastructure development, and escalating construction activities are anticipated to propel market expansion. Furthermore, the report provides a comprehensive analysis of regional markets, offering insights into key geographical regions and their contributions to market growth.
The report meticulously examines the competitive landscape of the global waterproofing chemicals market, featuring key players competing for market share. Notable companies in this landscape include BASF SE, DowDuPont Inc., Wacker Chemie AG, Akzo Nobel NV, Evonik Industries AG, Sika AG, W.R. Grace and Company, H.B. Fuller, Pidilite Industries Limited, and RPM International. These companies employ various strategies such as mergers and acquisitions, product innovations, and strategic partnerships to strengthen their foothold in the market. A comprehensive understanding of the competitive landscape enables stakeholders to make informed decisions and capitalize on emerging opportunities.
The report provides a detailed segmentation of the global waterproofing chemicals market, facilitating a nuanced understanding of this expansive market. Segmentation factors encompass region, product type, end-use industry, and technology. Geographical regions covered include North America, Latin America, Europe, Japan, APEJ (Asia Pacific Excluding Japan), and MEA (Middle East and Africa). Product types comprise Bitumen, PVC, EPDM, TPO, PTFE, and Silicone. End-use industries include Construction, Infrastructure, Automotive, Textile, and Other End Use Industries. Technologies encompass Membrane, Liquid, Cementitious, and Others. This granular segmentation enhances market comprehension and assists stakeholders in identifying growth opportunities within specific segments.