New York, NY, Aug. 27, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Waterproofing Chemicals Market by Product (Polymers, Bitumen, and Others) by Technology (Integral Systems, Preformed Membranes, and Coatings & LAMS) for Roofing & Walls, Waste & Water Management, Floors & Basements, Tunnel Liners, and Others Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024”. According to the report, global waterproofing chemicals market was valued at USD 19.49 billion in 2017 and is expected to reach USD 43.08 billion in 2024, growing at a CAGR of 12% between 2018 and 2024.

Waterproofing chemicals increase the life of any infrastructure work. Moreover, it prevents the water penetration or water leakage, which can be acquired with the help of waterproofing chemicals. Water penetration causes electrical and metal hazards along with the decreased life of any big infrastructure.

Browse through 81 Tables & 35 Figures spread over 110 Pages and in-depth TOC on “Global Waterproofing Chemicals Market: Industry Size, Share, Market Trends, Segments, Analysis and Forecast, 2017 – 2024”.

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The market is driven by various factors such as the growing quality of construction and rising demand from developing countries is estimated to drive the waterproofing chemicals market over the forecast period. However, sluggish construction sector growth in Europe is further expected to impede the demand of the market. Nevertheless, the need for water management in the Asia Pacific and rising construction in developing countries are the major opportunities for the global waterproofing chemicals market during the projected years.  

The market for waterproofing chemicals is segmented into technology, product, application, and region On the basis of the key product, the waterproofing chemicals market is fragmented into polymers, bitumen, and others. Bitumen held the largest market share in 2017. Bitumen is one of the commonly used types of waterproofing chemical, globally. Bitumen is largely used in coatings & LAMs and preformed membranes as bitumen waterproofing membrane. Bituminous coatings and membranes provide exceptional waterproofing properties, excellent high-resistance properties, and incorporates high toughness and resistance to UV light. Rising government investments on construction projects & commercial building are fueling the demand of the waterproofing technology/system, which is expected to boost the demand for bitumen over the forthcoming years.

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The Asia Pacific accounted for the largest market share in 2017 for the waterproofing chemicals market followed by Europe and North America. Owing to the raw material availability and major project of water management in the region the waterproofing chemicals market is expected to expand in the near future. The Asia Pacific is the emerging market for waterproofing chemicals. China has overtaken the U.S. with 26% market share. China along with India and other Asian countries contributes to around half of the market share for global waterproofing chemicals. ‘Make in India’ initiative by the Indian Government and under the 12th five-year plan, China is focusing on infrastructure development thus it is expected there will be a massive rise in the infrastructure in the region in the forthcoming years. Malaysia is expected to be the next potential market in the Asia Pacific owing to the around USD 23 billion investment by the Malaysian Government to boost the infrastructure industry. These markets will gain substantial momentum in the upcoming years.

Europe accounted for around 25% market share of the global waterproofing chemical by volume in 2017 and it is the second largest market of waterproofing chemicals. The monumental heritage buildings in the Europe region need quality care. Additionally, as an industrialized region, Western Europe will gain substantial momentum in the near future for waterproofing chemicals market.

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North America is anticipated to witness a moderate growth rate over the projected time period. On an account of technological advancement and increased number of skyscrapers in the region, the demand for the waterproofing chemicals market will increase over the forecast period. Marine industries and chemical industries are the other major sectors which are expected to escalate the growth of waterproofing chemicals.

Latin America and the Middle East and Africa are anticipated to show moderate growth market for waterproofing chemicals as it is undeveloped region than other. Various industries are looking forward to expanding their business in this region as it is a potential market and an unexplored region.

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The key manufacturers in the global waterproofing chemicals market are The Dow Chemical Company, Estop Group, Bostik Inc., Polygel Industries, Thermax Limited, Sika AG, Mitsubishi Chemical Holdings Corporation, ExxonMobil Chemicals, Eastman Chemical Company, and Toray Industries. 

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This report segments the waterproofing chemicals market as follows: 

Waterproofing Chemicals Market: Product

  • Polymers
  • Bitumen
  • Others

Waterproofing Chemicals Market: Technology

  • Integral Systems
  • Preformed Membranes
  • Coatings & LAMS (Liquid Applied Membrane Systems)

Waterproofing Chemicals Market: Application Analysis

  • Roofing & Walls 
  • Waste & Water Management 
  • Floors & Basements 
  • Tunnel Liners
  • Others

Waterproofing Chemicals Market: Region Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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