Waterproofing Chemicals Market projected to Reach USD 13,292.5 Million by 2026
According to the report, The global waterproofing chemicals market in 2019 was approximately USD 9,321.7 Million. The market is expected to grow above a CAGR of 5.2% and is anticipated to reach over USD 13,292.5 Million by 2026.
Waterproofing chemicals make any building job more robust. This also prevents water infiltration or leakage of water which can be obtained with the aid of waterproofing chemicals. The infiltration of water triggers electrical and metal hazards along with any major infrastructure’s decreased life. Governments in emerging economies such as China, Brazil, and India are likely to raise awareness of the use of high-quality waterproofing chemicals. This, in turn, is expected to boom the market’s margin over the forthcoming years. Growing infrastructure spending is expected to serve as a significant opportunity for emerging economies to enter the waterproofing chemicals market.
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The waterproofing chemicals market research report delivers an acute valuation and taxonomy of the waterproofing chemicals industry by practically splitting the market on the basis of different types, application and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the waterproofing chemicals industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the waterproofing chemicals industry is provided for the leading economies of the world.
Water proofing chemicals are commonly used to shield buildings from water leekage. The water leekage may result in hazards to electrical, metal and safety of building. Waterproofing chemicals improve the longevity of buildings when applied to a building’s surface, as well as help to increase the shelf life of concrete construction. The waterproofing chemicals market is expected to experience rapid growth due to the increase in the global infrastructure and construction industry, favorable environmental regulation and rapid growth in the end-industries.
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Some of the essential players operating in the waterproofing chemicals market, but not restricted to include Thermax Limited, ExxonMobil Chemicals, The Dow Chemical Company, Eastman Chemical Company, Bostik Inc., Mitsubishi Chemical Holdings Corporation, Polygel Industries, Toray Industries, Estop Group, Sika AG and Others.
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