About Waterproofing Chemicals
Specialty chemicals possess different effects and properties. Thus, they have a wide range of applications in many industries. Use of these chemicals can improve the performance of surfaces or products. Waterproofing chemicals come under one of the sub-segments of specialty chemicals. Waterproofing chemicals enhance the performance of surfaces and protect them from damages caused by water. These are used as additives in sealants, coatings, paints, and other compositions.
Technavio’s analysts forecast the global waterproofing chemicals market to grow at a CAGR of 5.97% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global waterproofing chemicals market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Waterproofing Chemicals Market 2017-2021
Technavio recognizes the following companies as the key players in the global waterproofing chemicals market: Arkema, BASF, The Dow Chemical, Pidilite, and Triton Systems
Other Prominent Vendors in the market are: a.b.e. Construction Chemicals, Carlisle, Conpro Chemicals, Choksey Chemicals, DRIZORO, Evonik, THE EUCLID CHEMICAL COMPANY, Fosroc, Geoliz Waterproofers, Henkel Polybit, Hindcon, Johns Manville, KÖSTER BAUCHEMIE, Kunal Conchem, Mapei, Sika, and SOPREMA GROUP.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing introduction of waterproof electronics. With the advances in technology, waterproof phones, tablets, watches, cameras, and speakers are increasingly being available in the market. Individuals prefer carrying their cell phones almost everywhere they go, be it for river rafting, water parks, or swimming. Samsung Galaxy S7 edge, iPhone 7, and Sony Xperia XZ are some of the waterproof smartphones. The Ingress Protection ratings can give detailed information about the level of waterproofing in cell phones.”
According to the report, one of the major drivers for this market is Growth in construction industry. The construction industry is the major end-user of the global waterproofing chemicals market. The growth in population, urbanization, and smart cities will drive the growth of the global construction market during the forecast period. The global construction industry is expected to reach $12.5 trillion by 2021. China, India, and Japan are the key players in the global construction market. Also, the number of smart cities in the world are expected to be more than 65 by 2021. This becomes a key driver for the global waterproofing chemicals market.
Further, the report states that one of the major factors hindering the growth of this market is Fluctuation in commodity prices. Waterproofing chemicals have bitumen as the major product type, which is a petroleum-based material. Thus, the regular price fluctuation in petroleum directly affects the price of waterproofing chemicals. This is a major challenge for the growth of the global waterproofing chemicals market. Many consumers are sensitive to prices; and, thus, are reluctant to use waterproofing chemicals in constructions.
Arkema, BASF, The Dow Chemical, Pidilite, Triton Systems, a.b.e. Construction Chemicals, Carlisle, Conpro Chemicals, Choksey Chemicals, DRIZORO, Evonik, THE EUCLID CHEMICAL COMPANY, Fosroc, Geoliz Waterproofers, Henkel Polybit, Hindcon, Johns Manville, KÖSTER BAUCHEMIE, Kunal Conchem, Mapei, Sika, and SOPREMA GROUP.
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