Waterproofing Chemicals Market is Expected to Hit $10.46 Billion By 2022: Credence Research
credenceresearch.com has Published New Research Report Title “Global Waterproofing Chemicals Market Size, Share, Trends, Growth, Analysis And Forecast To 2022”
According to a new market report published by Credence Research, “Waterproofing Chemicals Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022,” the waterproofing chemicals market was valued at US$ 6.35 Bn in 2015, and is expected to reach US$ 10.46 Bn by 2022, expanding at a CAGR of 7.4% from 2016 to 2022.
Browse the full Waterproofing Chemicals Market (Bitumen & Polymers) for Roofing, Walls, Buildings, Tunnels, Landfills and Other Applications- Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022 report at:
http://www.credenceresearch.com/report/waterproofing-chemicals-market
Market Insights
Waterproof by its name denotes object which is water resistant or can withstand water under specific conditions. The chemicals which are used as admixtures in the concrete are known as waterproofing chemicals. Concrete is the vital building material used on everything ranging from residential projects to water treatment plants and tunnels. Concrete is a hard and dense material but still consist of pores which make it susceptible to deterioration and damage from chemical or water penetration. In this case, all residential and commercial projects require waterproofing systems.
Waterproofing chemicals are categorized as product types into two segments; Bitumen and Polymers. Bitumen waterproofing chemicals are especially used for maintenance of residential and commercial buildings. Bitumen waterproofing chemicals are produced using organic liquids which are highly sticky, waterproof and viscous in nature. Polymers such as TPO, PVO, EPDM, etc. are used for coating water tanks, slabs, roof tops, etc. These polymers provide high waterproofing ability, strong masonry bond and improves the strength and durability of walls, slab, etc. Bitumen waterproofing is used on a large scale due to its organic nature. Therefore, bitumen waterproofing chemicals are on high demand in the market.
Growing building and construction Industry in the emerging economies is expected to boost demand for waterproofing chemicals market. Asia Pacific is expected to experience the highest demand as compared to North America, Europe, Latin America and Rest of the World. Rising demand from the plastic and paints and coatings industry is projected to fuel growth of global waterproofing chemicals market.
Competitive Insights:
Roofing application is expected to lead the global waterproofing chemicals market in 2015. Waterproofing chemicals market is mixed with concrete or a layer of waterproofing chemicals is applied on the roof to make its water resistant and to avoid leakage problems. These chemicals have served best to their requirement and hence have high demand from the building and construction industry. One among the driving factors of global waterproofing chemicals market is use of advanced material in the construction which ensures high quality of the finished products. Hence, these chemicals are used for other applications such as buildings, tunnels, walls, landfills, etc. Building accounted for the second largest application of waterproofing chemicals market and is expected to retain its position during the forecast period. Other applications are also anticipated to fuel growth of global waterproofing chemicals market during the forecast period from 2016 to 2022.
The major players leading the global waterproofing chemicals market include Pidilite, SIKA AG, BASF and Forsoc among others. They players dominate the global market in terms of sales, production and research and development. Hence, high competition is observed in the market among the key players of global waterproofing chemicals market.
For More Information, List of Figure, Tables And TOC Visit:
http://www.credenceresearch.com/report/waterproofing-chemicals-market
Key Trends:
- Increased globalization
- Use of advanced materials in construction
- Changing government policies
- Increased focus on quality material
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Web: Credence Research
Logo: http://www.abnewswire.com/pressreleases/wp-content/uploads/2016/03/1459155921.png
Media Contact
Company Name: Credence Research
Contact Person: Chris Smith, Global Sales Manager
Email: sales@credenceresearch.com
Phone: 1-800-361-8290
Address:105 N 1st ST #429
City: SAN JOSE
State: California
Country: United States
Website: http://www.credenceresearch.com/report/waterproofing-chemicals-market
Source: ABNewswire
ReleaseID: 57477
Copyright © 1999-2013 SproutNews.com
