Technavio Predicts the Global Waterproofing Chemicals Market to Generate Close to USD 7 Billion by 2020
By Business Wire News
By Business Wire News
This research report titled ‘Global Waterproofing Chemicals Market 2016-2020’provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
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The report segments the global waterproofing chemicals market into different types of application. They are:
- Building structures
- Landfills and tunnels
Waterproofing chemicals in roofing
As per the report, roofing was the largest application segment for waterproofing chemicals in 2015. This growth is expected to continue during the forecast period on account of increased investment in infrastructure development. Rapid urbanization coupled with growing disposable income of the middle class is fueling the growth of the construction industry and subsequently, the waterproofing chemicals market.
Technavio’s lead industry analyst, Chandrakumar BJ specializing in research on metals and minerals says, “The global residential roofing market is expected to grow at a steady pace during the forecast period. New housing projects are showing optimistic growth on account of recovery from a global economic slowdown in the construction industry. Re-roofing activities and repair work will be at their peak during the storm season in North America, thus triggering demand for roofing material.”
Waterproofing chemicals in building structures
Waterproofing chemicals in building structures is the second largest application segment for the waterproofing chemicals market. Leakage in building structures is an important concern in most of the old and new constructions. Besides adequate waterproofing, certain other precautions like the type of terracing required to be provided and details about the waterproofing system for the roof are also needed to be taken at the time of construction to avoid leaky roofs.
Waterproofing chemicals in landfills and tunnels
Chances of water leakage in tunnels are high, especially at the expansion joints, honeycomb areas, and other construction joints. There can be some other dampness as well on the surface, which can result in constant leakage. These leakages may damage equipment and other underground facilities. Thus, the consumption of waterproofing chemicals in landfills and tunnels are increasing considerably, thereby leading to overall market growth.
Waterproofing chemicals in walls
The volume of waterproofing chemicals consumed in walls is estimated to reach about 280 thousand tons by 2020, growing at a CAGR of more than 4%. Application of waterproofing coating prevents water and water vapor from permeating through the wall. Most waterproofing chemicals are applied on the exterior of walls, however, these chemicals when added to the concrete wall at the time of construction, work most effectively in preventing water penetration in a building. The waterproofing coatings can also be applied using sheets made of rubber asphaltic membranes that are attached to a polyethylene film.
The top five vendors highlighted by Technavio’s research analysts in this report are:
- DOW Chemical
- Conpro Chemicals
- Triton Chemical Manufacturing
- Pidilite Industries
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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