The 2022 global size for waterproofing chemicals market amounted to USD 7.55 billion, with expectations to reach USD 11.67 billion by 2032. The forecast indicates a substantial compound annual growth rate (CAGR) of 4.5% during this period. Key drivers for this impressive revenue expansion include the rapid development of the construction industry, the ongoing trend of urbanization, and a heightened need for durable, high-performance waterproofing solutions.
Waterproofing chemicals play a crucial role in the construction sector, serving to protect infrastructure and buildings from corrosion, water damage, and various environmental threats. Their ability to enhance the lifespan and durability of structures contributes to a reduction in maintenance costs and an overall improvement in infrastructure quality, thus amplifying the demand for these chemicals.
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Top Companies:
- BASF SE
- The Dow Chemical Company
- Sika AG
- Pidilite Industries Ltd.
- Drizoro S.A.U.
- Fosroc, Inc.
- Mapei S.p.A.
- CICO Technologies Limited
- Triton Systems Inc.
- Kryton International Inc.
Some Key Highlights from the Report
Growing Construction Industry:
- The waterproofing chemicals market is closely tied to the construction industry. With global urbanization and infrastructure development, there was an increasing demand for waterproofing solutions in residential, commercial, and industrial construction projects.
Rising Awareness of Infrastructure Durability:
- There has been a growing awareness about the importance of enhancing the durability of structures to withstand harsh weather conditions. This awareness has led to an increased adoption of waterproofing chemicals to protect buildings and infrastructure from water damage.
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East Africa
Product Type Outlook:
- Liquid Applied Membranes
- Sheet Membranes
- Cementitious
- Others
Application Outlook:
- Roofing Walls
- Floors Basements
- Waste Water Management
- Bridges Highways
- Others
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