Improving infrastructure coupled with increasing renovation in both residential and commercial sectors in emerging economies is expected to have a positive impact on the market growth.
San Francisco, California (PRWEB) January 14, 2015
The Global Waterproofing Chemicals Market is expected to witness high growth over the next six years on account of surging demand for highly durable liquid and heat resistant coatings in construction materials. Concrete waterproofing chemicals along with other binders are being used for masonry and cement painting applications for enhanced durability and corrosion resistance in watertanks, swimming pools, toilets and roofs. Improving infrastructure coupled with increasing renovation in both residential and commercial sectors in emerging economies of China, India, Brazil and South Africa is expected to have a positive impact on the market growth over the next few years. Technological advancements in concrete technology have enabled the incorporation of these chemicals in cement & concrete admixtures as all-in –one formula.
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Favorable government regulations regarding groundwater protection in countries such as U.S., UK and France have led to the surge in demand for waterproofing chemicals especially for landfills and underground chemical storage. Most of the commercially available products are derived from petrochemicals which have been experiencing variation between demand and supply owing to volatile raw materials prices. The Global Waterproofing Chemicals Market is estimated to witness a surge in demand from niche applications such as bitumen bonding subsoil waterproofing and expansion joints. The Asia Pacific Regional Market is expected to grow at above average growth rates over the forecast period. Improving infrastructure coupled with shifting manufacturing facilities in countries such as China, India and Japan is expected to drive the market in this region.
Increasing consumer awareness towards bio-based materials along with efforts to reduce carbon-footprint by chemical manufactures has led to the shift towards bio-based waterproofing solutions. Companies such as Soprema Group have introduced bio-based waterproofing chemicals in their product portfolio. Other companies are also expected to invest heavily on R&D for commercializing bio-based finished products. Major companies operating in Global Waterproofing Chemicals Market include The Dow Chemical Company, Pidilite Industries, Triton Chemicals, Conpro Chemicals, Sika Group and Bostic India Pvt. Ltd.
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