Waterproofing Chemicals Market Revenue Growth, New Launches, Regional Share Analysis & Forecast Till 2030

 

Future Market Research Insights:

 In 2021, the market for Waterproofing Chemicals Market was estimated to be worth USD 15.5 billion in 2021. By 2030, the market for waterproofing chemicals is expected to reach USD 32.88 billion, up from USD 17.02 billion in 2022, with a compound annual growth rate (CAGR) of 9.88%. (2022 - 2030).

The primary market factors accelerating market expansion include increasing demand from several end-use sectors, such as building and construction of residential and commercial structures, landfills, and tunnels.

Construction is a high-risk sector that covers a wide variety of operations, from infrastructure creation to rehabilitation, including building homes, bridges, paving roads, and doing extensive roof replacements. Rising building activity is increasing demand for waterproofing chemicals in developing nations like China, India, and Japan. As an illustration, China approved spending $142 billion on 26 infrastructure projects in 2019. India furthermore intends to invest US$1.4 trillion on infrastructure over the course of the next five years, according to the India Brand Equity Foundation (BEF).

Moreover, there has been substantial investment in residential development in the United States, and this trend is anticipated to continue in the near future. For instance, the value of construction put in place in residential and nonresidential construction grew to $567,555 million and $470,986 million in January 2020 from $546,532 million and $466,436 million in December 2019, respectively, according to the U.S. Census Bureau. High housing demand is also present in Mexico, which has attracted substantial investment in new building. For instance, the Inter-American Development Bank (IDB) granted the Mexican company Procsa a local currency financing programme in January 2019 for up to 150 million Mexican pesos ($7.8 million), in order to finance the purchase of land, the development of housing, and its commercialization for low- and middle-income families in the nation.

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Government programmes for clean groundwater and landfilling in nations including the U.K., France, Germany, U.S., India, and China have had a significant influence on market growth in recent years. There are expected to be significant future growth opportunities for this market due to the development of waterproofing chemical composites with increased seff-adhesion and endurance.

Regional Perspectives:

Waterproofing Agents Regional Perspectives: The analysis offers market information for North America and Europe by region. Southeast Asia with the rest of the world. The market for North American waterproofing chemicals, which had sales of USD 6.80 billion in 2021, is anticipated to increase at a substantial CAGR over the research period. In order to enable businesses to produce eco-friendly products, the European Commission adopted favourable laws controlling the manufacturing of natural-based polymer products, such as biopolymers.

The market for waterproofing chemicals in Germany had the biggest market share, and the market in the UK had the quickest rate of expansion on the continent of Europe.

The U.S., Canada, Germany, France, and the United Kingdom are other significant nations covered in the market study. Brazil, South Korea, Australia, China, Japan, India, Spain, Italy, and Spain.

The market for waterproofing chemicals in North America holds the second-largest share. Manufacturers in the building and energy industries have been compelled to boost their investment in landfill systems as environmental awareness has grown. Moreover, the North American market for waterproofing chemicals was dominated by the US, which had the biggest market share, and by Canada, which had the quickest rate of growth.

From 2022 to 2030, the Asia-Pacific Waterproofing Chemicals Market is anticipated to see the quickest CAGR growth. especially in nations like China, Indonesia, India, and Malaysia, due to rising government spending in infrastructure development. The demand for additional homes, businesses, and other structures for a variety of uses is what is primarily driving the increase in infrastructure projects. In India, construction initiatives like "Housing for Everyone by 2022" and "100 Smart Cities" are affecting the market for waterproofing chemicals. The Chinese government also spent 1.9 billion on 13 public housing projects in 2019. As a result, the Asia Pacific waterproofing solutions market is expanding due to the rising building in these nations.

Also, the India Waterproofing Chemicals market had the highest rate of growth in the Asia-Pacific region, while China Waterproofing Chemicals held the greatest market share.

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Insights into the Waterproofing Chemicals Market Segment

Type Insights for Waterproofing Chemicals: Bitumen, PVC, TPO, and other materials are included in the type-based segmentation of the waterproofing chemicals market. Because to their high levels of moisture and flame resistance and superior flexibility, the TPO category had the dominant share in 2021, contributing around 48% of the market revenue for waterproofing chemicals. TPO membranes don't contain anything harmful or dangerous.

Understanding the Use of Waterproofing Chemicals

The Waterproofing Chemicals industry has been divided into Roofing, Walls, Flooring, and Other Application segments. In 2021, roofing had the biggest sector share. increased government investment in infrastructure construction.

Increasing urbanisation and rising middle-class disposable income both contribute to the building industry's market expansion. Throughout the predicted period, rising consumer awareness of product quality is likely to positively affect market development.

Flooring is the sector of the waterproofing chemicals market that is expanding at the highest rate. The development of specialised uses for waterproofing chemicals, such as subsoil waterproofing, expansion joints, and bitumen bonding, is projected to have a beneficial impact on the market's expansion. Moreover, expanding the range of applications in the water management sector as a result of these chemicals' adaptable and water-resistant qualities is expected to favour the market's overall expansion in the ensuing years.

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Key Vendors:

Important players include Sika AG in Switzerland, DowDuPont in the United States, Wacker Chemie AG in Germany, Pidilite Industries Ltd. in India, Mapei S.p.A in Italy, Carlisle Companies Inc. in the United States, Fosroc in the United Kingdom, Drizoro SAU in Europe, Conpro Chemicals Put. Ltd. in Asia, and Soprema Inc. (The U.S.)