MarketResearchReports.Biz has announced addition of new report "Global Waterproofing Chemicals Market 2016-2020" to its database.
A recent report, titled “Global Waterproofing Chemicals Market 2016-2020,” has been added to the database of MarketResearchReports.biz. According to this report, the global waterproofing market will expand at a CAGR of 5.93% during the forecast period from 2016 to 2020.
Waterproofing chemicals are chemical compounds that are blended with other chemical constituents to provide a barrier against leakage and also improve the durability of the finished product. These chemicals are used as additives and admixtures with several other materials including mortar, cement, paints, plastics, inks, and detergents. Some of the natural waterproofing chemicals are quartz, crystalline silica, and calcium stearate. Synthetic chemicals include polysulfide, polyethylene, polyurethane, and acrylates. When used as additives in the processing of polymers, paints, and coatings, waterproofing chemicals enhance the water-repelling properties of finished products.
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The global waterproofing chemicals market is driven by the rapid growth in construction activities. The demand for construction of residential and commercial buildings has increased significantly in the past year, and this trend is projected to continue in the foreseeable future. The growing infrastructure development in Asia Pacific, especially in China, India, and Indonesia is driving the demand for waterproofing chemicals in the region. Another key driver of the global waterproofing chemicals market is the increasing awareness among consumers regarding the significance of waterproofing production in construction.
However, the global waterproofing chemicals market will be suppressed by the shortage of skilled workers. This is one of the primary restraints of the global waterproofing chemicals market. In addition to this, the volatile raw material prices will also pose a challenge to the global waterproofing chemicals market as these prices depend heavily on petrochemical demand-supply.
Regionally, the global waterproofing chemicals market is segmented into Asia Pacific (APAC), North America, Europe, and Latin America. Asia Pacific holds a significant share in the global waterproofing chemicals market due to the growth of its construction sector. This trend is attributed to the high degree of industrialization and economic growth in this region. The rapidly expanding construction sector in the Asia Pacific region will drive this regional waterproofing chemicals market.
On the other hand, Europe and North America are mature markets and are witnessing new product innovation and the rising preference to green waterproofing chemicals. Latin America in the global waterproofing chemicals market will also enjoy significant growth in the coming few years due to its expanding construction sector.
Two trends that will offer players in the global waterproofing chemicals market significant opportunities are green roofing and innovation in environment-friendly waterproofing chemicals. Some of the prominent players operating in the global waterproofing chemicals market are Bostik, Triton Chemicals, Conpro Chemicals, Henkel, BASF, HB Fuller, Sika, and Pidilite Industries. The research study provides a comprehensive overview of the market. It studies the market it in terms of product segmentation and geographical segmentation. Financial performance by the leading companies is also studied in detail.