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Global Waterproofing Chemicals Market Size By Product (EPDM, Bitumen), By Application (Roofing & Walls, Floors & Basements), By Geography And Forecast
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Waterproofing Chemicals Market Size And Forecast
Waterproofing Chemicals Market size was valued at USD 36.89 Billion in 2024 and is projected to reach USD 85.62 Billion by 2031, growing at a CAGR of 11.10% during the forecasted period 2024 to 2031.
The market is expected to be fueled by increasing demand from a variety of end-use sectors, including development and construction of residential and commercial structures, landfills, and tunnels. Moreover, it is projected that rising consumer knowledge of the value of waterproofing materials in building in emerging nations would increase demand for the products. The Global Waterproofing Chemicals Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Waterproofing Chemicals Market Definition
The growth and building of residential and commercial structures, landfills, tunnels, and other end-use industries are among the end-use sectors that are predicted to experience increased demand in the coming years. In addition, it is anticipated that growing consumer awareness of the use of waterproofing materials in construction in developing countries would boost demand for the goods. In order to protect buildings from water seepage, which can shorten a material’s lifespan and pose risks to electrical, metal, and human health, water proofing chemicals are typically utilized. When sprayed to a building’s exterior, waterproofing chemicals boost infrastructure’s resilience and assist extend the useful life of structural concrete.
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Global Waterproofing Chemicals Market Overview
Because of 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 building a longer lifespan. The demand for waterproofing chemicals is anticipated to increase as infrastructure development and knowledge of sustainable construction materials increase. The market is expected to be fueled by increasing demand from a variety of end-use sectors, including development and construction of residential and commercial structures, landfills, and tunnels. Moreover, it is projected that rising consumer knowledge of the value of waterproofing materials in building in emerging nations would increase demand for the products.
Also, regulatory agencies are working to establish regulations to reduce pollution levels and, in the same, develop a model that rewards environmentally friendly and energy-efficient construction. It is anticipated that such activities would increase demand for waterproofing chemicals. A demand for waterproofing chemicals will be generated as a result of efforts made by governments of developing countries to offer basic infrastructural amenities, such as residences made of concrete, access to good roads, and an improved irrigation supply. The cost of raw materials and their accessibility are significant determinants of the cost of finished goods.
The primary obstacle for the worldwide market for waterproofing chemicals is the shifting price trends of raw materials, which change as a result of erratic energy costs because the majority of raw materials are petroleum-based. But, in the near future, the sector of landfill and water management is most likely to present a significant possibility for additional waterproofing chemical use. A few of the current trends seen in the waterproofing chemicals sector is the increased adherence to international production standards. The waterproofing sector in emerging nations is concentrating on creating best industrial practises and putting in place consumer requirements that are equivalent to international norms. The market for waterproofing chemicals will probably benefit from this.
Global Waterproofing Chemicals Market: Segmentation Analysis
<span data-sheets-userformat='{“2″:12865,”3”:{“1″:0},”9″:0,”12″:0,”15″:”Calibri”,”16″:12}’ data-sheets-value='{“1″:2,”2”:”According to Market Research, the Global Waterproofing Chemicals Market was valued at USD 24.45 million in 2019 and is projected to reach USD 56.86 million by 2027, growing at a CAGR of 12.0% from 2020 to 2027.\n
