In 2015, the global waterproofing chemicals market was estimated at $3,652.5 million, and it is expected to grow demonstrating a CAGR of 6.6% during the forecast period of 2016-2022. The growth of the market is driven by the growing manufacturing and construction industries across emerging economies of the world. With the rapid development in such economies, increasing usage of innovative products and demand for construction materials is rising, and in due course has supported increasing demand for waterproofing chemicals. Moreover, increasing investments in construction are expected to create huge demand for these chemicals during the coming years.
By application, roofing accounted to be the largest segment with a share of 33.1% in terms of volume in 2015. Since, roof is the most critical segment of the building structure, due to its direct exposure to changing weather conditions like heat and rainfall, a huge consumption of waterproofing chemicals is expected to increase from roofing applications.
By type, bitumen dominated the global market with a share of 44.7% in 2015, while the polymer market is expected to witness the fastest growth, with a CAGR of 7.6% during the forecast period.
Geographically, Asia Pacific dominated the global waterproofing chemicals market, and had a share of 39.2% in 2015, and is anticipated to witness the highest growth rate at a CAGR 7.6% during the forecast period. This growth is majorly attributed to the increasing compliance with international manufacturing standard and increasing investment for infrastructure development, along with the large consumer base in the region. By country, China dominated the Asia-Pacific, as well as global waterproofing chemicals market.
Leading players in the global waterproofing chemicals market include Pidilite Industries Limited, Mitsubishi Chemical Holdings Corporation, The Dow Chemical Company, Bostik Inc., Fosroc, Evonik Industries AG, Zeon Corporation, BASF SE, Thermax Limited.
GLOBAL WATERPROOFING CHEMICALS MARKET SEGMENTATION