Global Waterproofing Chemicals Market to Benefit from Thriving Construction Sector in Asia Pacific

Water and related moisture have a corrosive effect on any material surface, subjected to its prolonged affinity. The consequences witnessed include corrosion of metals, leaching of building exterior surfaces, algae formation, and staining, thereby affecting the durability and aesthetics of the material. Waterproofing chemicals refer to a variety of specialty chemicals that help in arresting or inhibiting permeability of water or moisture in the internal and external surfaces of a huge set of materials including leather, fabric, cement, concrete, electronics goods and components, paper, and wood.

In a recent report, Transparency Market Research (TMR) estimates that the global waterproofing chemicals market will exhibit a healthy 5.1% CAGR from 2016 and 2024, rising from a valuation of US$7,669 mn in 2015 to US$12,335.2 mn by 2024.

In this blog post, TMR analysts enlighten readers regarding the key trends that have been observed in the market in the recent years: 

How do consumption patterns vary for key product varieties in the global market?

Waterproofing chemicals generally function as two types: i) as a coating material in form of membranes/sheets and ii) as an additive in protective paints, processing chemicals to imbibe waterproofing properties in the end product. The key product types used as waterproofing chemicals include bitumen, polytetrafluoroethylene (PTFE), polyvinyl chloride (PVC), ethylene propylene diene monomer (M-class) rubber (EPDM), thermoplastic polyolefin (TPO), and Silicones. Product use regulations and norms vary from region to region and so does the consumption trends. For instance, bitumen use has been restricted in U.S. whereas it is commonly used in countries such as India, China, and a number of European countries as well. On the other hand, universal ban has affected the use of PTFE as a waterproofing chemical.

Which waterproofing technology garners the most demand?

Speaking of waterproofing technology, waterproofing chemicals are chiefly applied in the form of cementitious coating, sprays and coatings, sheet membranes, and liquid coating membranes. The sheet membrane is solid or a semi-solid film or membrane which is applied on exterior surfaces of building structures. This technology is presently the most popular technology and accounts for the dominant share of the overall market owing to its high scope of usage in the building and construction sector for roofing purposes.

Cementitious waterproofing, applied with cement spray with chemical additives, has found its application chiefly in the sector of non-residential public infrastructure, buildings, and monuments made of cement and concrete. Liquid coating as a membrane layer has been another promising technology since the past few decades. As the technology is knowledge- and cost-intensive, it has its share of application chiefly in high-end applications. Other technologies such as sprays and nano-based coatings have limited scope of applications in the current market scenario.

Which region holds the most promise for the global waterproofing chemicals market?

From a geographical perspective, Asia Pacific has been considered as the leading regional market for waterproofing chemicals with a share of around 40% of the overall market in 2015. The regional market is also expected to grow at a robust rate during the next few years. Factors such as rising consumer expenditure on new construction projects as well as renovations, steady expansion of key end-use industries and the subsequent rise in demand for waterproofing chemicals are central to this effect.

North America is considered to be another key regional market for waterproofing chemicals owing chiefly to the strong demand from the residential construction sector. Latin America and Europe markets are expected to witness moderate growth owing to their limited market growth rates during the forecast period. Rise in the number of construction and public infrastructure projects in Middle East and Africa is estimated to propel the demand for waterproofing chemicals in the region, having a significant growth rate in the near future. 


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