Water Proofing Chemicals Market Scope
Waterproofing is the process of making any structure of object waterproof or water resistance. There are various chemicals are used to make structure waterproof. Such chemicals are called as waterproofing chemicals. Increasing development in the transportation infrastructure, as well as increasing announcement of new investments for mega construction projects, is supplementing the overall growth of the market. Additionally, growing demand for waterproofing chemicals in tunnel liners, floors & basements across the globe can be considered a the major driver for the market. However, high manufacturing cost for waterproofing chemical, government regulations associated with a toxic substance present in the waterproofing chemicals and continuous fluctuation in the prices of raw material are the factors that have been limiting the overall growth of the market. Moreover, the emergence of high-quality waterproofing chemical for water management and the growing requirement for water management from developing countries can act as an opportunity for the market.
According to AMA, the Global Water Proofing Chemicals market is expected to see growth rate of 12.69%The Vendors having a strong hold in the market are Estop Group, BASF SE, DowDuPont Inc., Wacker Chemie AG, Akzo Nobel NV, Bostik USA, Polygel Industries. Research Analyst at AMA estimates that United States, Asian and European Vendors will contribute to the maximum growth of Global Water Proofing Chemicals market throughout the predicted period.
Estop Group (Malaysia), BASF SE (Germany), DowDuPont Inc. (United States), Wacker Chemie AG (Germany), Akzo Nobel NV (Netherlands), Bostik USA (United States), Polygel Industries Pvt. Ltd (India), Thermax Limited (India), Sika AG (Switzerland) and Mitsubishi Chemical Holdings Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are ExxonMobil Chemicals (United States), Eastman Chemical Company (United States), Toray Industries (United States), Pidilite Industries Ltd. (India), Mapei S.p.A (Italy), Carlisle Companies Inc. (United States), Fosroc (U.K), Drizoro S.A.U. (Spain), Conpro Chemicals Pvt. Ltd (India) and Soprema Inc. (United States).
Segmentation Overview
The study have segmented the market of Global Water Proofing Chemicals market , by Application (Roofing & Walls, Tunnel Liners, Floors & Basements, Waste & Water Management and Others) and Region with country level break-up.
On the basis of geography, the market of Water Proofing Chemicals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
An Emergence of High-Quality Waterproofing Chemical for Water Management
Market Growth Drivers:
Increasing Mega Construction Projects in Asian Countries and Growing Demand for Waterproofing Chemicals in Tunnel Liners, Floors & Basements across the Globe
Challenges:
Continuous Fluctuation in the Prices of Raw Material
Restraints:
High Manufacturing Cost for Waterproofing Chemical and Government Regulations Associated with Toxic Substance Present in the Waterproofing Chemicals
Opportunities:
Growing Requirement for Water Management from Developing Countries and Increasing Demand form Roofing & walls Application
Market Leaders and their Expansionary Development Strategies
On September 2017, BASF SE had acquired GRUPO THERMOTEK (waterproofing systems supplier based in Mexico). The main aim of the acquisition is to expand the company’s waterproofing chemical business segment in North America. The company’s CEO states “The acquisition of THERMOTEK enables us to continue on our growth path by bringing a robust portfolio of construction solutions to a broader customer base,” said Michael Stumpp, Managing Director BASF Mexicana S.A. de C.V. and Central America. “This is an exciting time for our business and we welcome the THERMOTEK employees to the BASF family.”
On April 2015, BASF has launched new solutions under Master Builders Solutions brand for the construction sector to make construction faster and more durable. The new launches of the company include MasterEase and MasterSeal. The material offers better protection and waterproofing for parking structures. The new solution can create a big opportunity for the company in the construction sector.
Key Target Audience
Waterproofing Chemicals Manufacturers, Waterproofing Chemicals Technology/System Providers, Traders, Distributors, and Waterproofing Chemicals Suppliers, Government and Regional Agencies, Research Organizations, Investment Research Firms and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.