This research report titled ‘Global Waterproofing Chemicals Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
Waterproofing chemicals are one type of specialty chemicals. The high demand for waterproofing solutions in the construction industry is one of the of the key reasons for the accelerating growth rate of the global waterproofing chemicals market. Arkema, The Dow Chemical, BASF, Pidilite, and Triton Systems are the leading vendors of this market. The construction industry is the main end-user of the global waterproofing chemicals market. China, India, and Japan are among the key markets for waterproofing chemicals.
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Technavio’s chemicals and materials research analysts categorize the global waterproofing chemicals market into the following segments by application. They are:
- Building structures
- Landfills and tunnels
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The top three revenue-generating application segments of the global waterproofing chemicals market are discussed below:
Increased investment in real estate is one of the major reasons behind the increasing demand for waterproofing chemicals in the global roofing market. The construction industry is one the major end-users of waterproofing chemicals. The global construction industry is estimated to grow significantly due to rapid industrialization and urbanization. This will fuel the growth of the global roofing market; which, in turn, will increase the demand for waterproofing chemicals.
According to Mohd Shakeel Iqbal, a lead specialty chemicals research analyst from Technavio, “A roof leak is a critical point of concern for buildings. Roof leaks eventually reach the foundation of the building and damage it, which demands heavy repair work. These damage the attic and start spoiling the wall paint and plaster. Further damage can be caused by the growth of molds that cause health hazards such as asthma and allergy. Roof leaks can also welcome fire if the electric wiring is also caught under the leakage. Therefore, waterproofing chemicals are the best solutions for roofing applications.”
The leakage of water in buildings is a very common issue in the construction industry. It can weaken the structures, eventually decreasing the lifespan of the building. As a solution to this problem, it is important for the structures to be water resistant.
“Dampness also arises in the structures due to the lack of waterproofing. It damages the paint and promotes the growth of fungi and molds, resulting in the decreased lifespan of the building. Advantages of using waterproofing chemicals in building structures are improved adhesion to concrete, asbestos, steel or other metal surfaces, increased durability of the concrete structures, resistant to ultraviolet rays, reduced microorganism and fungal attacks, minimized corrosion, non-toxic and environment-friendly,” adds Shakeel.
Landfills and tunnels
Leakage in tunnels is a very critical concern. It can collapse the ceiling, causing a serious threat to people under it. In the case of landfills, leachates are a very important issue to be concerned about. Modern landfills are constructed with the leachate collection and escaping system. The leakage of leachate proves to be risky as it might lead to the groundwater pollution. Thus, waterproofing solutions are necessary for landfills and tunnels to prevent unexpected accidents and pollution.
Waterproofing in tunnels is quite important. If there is proper waterproofing in tunnels, it prevents penetration of moisture and chemicals inside the concrete and steel components of the tunnel. Waterproofing protects the structure from corrosion and makes the structure durable, leak-free and thus, eventually increasing the life of the tunnel. Waterproofing for tunnels accounts for the minor additional cost.
The top vendors highlighted by Technavio’s research analysts in this report are:
- The Dow Chemical
- Triton Systems
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