3,124.2 kilotons of waterproofing chemicals were required by the world market in 2014. It is anticipated to grow at a CAGR of 5.0% between 2015 and 2022. Growth is predicted to be fueled by increasing demand from a variety of end-use industries, including building and construction of residential and commercial structures, landfills, and tunnels. Additionally, it is projected that rising consumer knowledge of the value of waterproofing materials in building in emerging nations will increase demand for the products.
Due to frequent climate changes, cement-based constructions suffer greatly from damping and erosion, which reduces the useful life of residential and commercial structures. Chemicals for waterproofing are therefore necessary since they provide the structure a longer lifespan. The demand for waterproofing chemicals is anticipated to increase due to rising infrastructure development in the Asia Pacific region, particularly in India, China, and Indonesia, as well as growing awareness of durable construction materials.
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In 2014, polymers held the biggest market share in terms of volume, making up more than 50% of all product categories. Because of their excellent energy efficiency, thermoplastic polyolefins are likely to see an increase in demand. Over the course of the projection period, increased demand for acrylic polymer for waterproofing-based coatings is anticipated to open up new potential prospects. As a result of the increasing demand from the construction sector, Asia Pacific is anticipated to have the quickest growth rate. Due to the quick urbanisation of emerging markets like China, India, and Indonesia, this demand will persist over the forecast period.
Due to increased government spending on infrastructure construction, roofing, which was the largest application category, is anticipated to maintain its dominance over the projection period. Rapid urbanisation and rising middle-class disposable income are projected to propel the construction industry’s global expansion. Over the predicted period, rising consumer awareness of product quality is likely to positively affect market expansion.
Due to the expansion of the construction industry in the region as a result of rapid industrialization and economic growth, Asia Pacific used to hold the title of the largest regional market for waterproofing chemicals. Due to expanding infrastructure spending and rising average consumer disposable income, Asia Pacific is anticipated to experience significant growth over the projection period.
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- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa