Waterproofing Chemicals Market Opportunities Trends, Size and Market Share 2015 – 2022 – Credence Research

According to a new market report published by Credence Research, “Waterproofing Chemicals Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022,” the waterproofing chemicals market was valued at US$ 6.35 Bn in 2015, and is expected to reach US$ 10.46 Bn by 2022, expanding at a CAGR of 7.4% from 2016 to 2022.

Market Insights

Waterproof by its name denotes object which is water resistant or can withstand water under specific conditions. The chemicals which are used as admixtures in the concrete are known as waterproofing chemicals. Concrete is the vital building material used on everything ranging from residential projects to water treatment plants and tunnels. Concrete is a hard and dense material but still consist of pores which make it susceptible to deterioration and damage from chemical or water penetration. In this case, all residential and commercial projects require waterproofing systems.

Waterproofing chemicals are categorized as product types into two segments; Bitumen and Polymers. Bitumen waterproofing chemicals are especially used for maintenance of residential and commercial buildings. Bitumen waterproofing chemicals are produced using organic liquids which are highly sticky, waterproof and viscous in nature. Polymers such as TPO, PVO, EPDM, etc. are used for coating water tanks, slabs, roof tops, etc. These polymers provide high waterproofing ability, strong masonry bond and improves the strength and durability of walls, slab, etc. Bitumen waterproofing is used on a large scale due to its organic nature. Therefore, bitumen waterproofing chemicals are on high demand in the market.

Browse the full Report – http://www.credenceresearch.com/report/waterproofing-chemicals-market

Growing building and construction Industry in the emerging economies is expected to boost demand for waterproofing chemicals market. Asia Pacific is expected to experience the highest demand as compared to North America, Europe, Latin...