Waterproofing Chemicals Market
The global waterproofing chemicals market is expected to witness significant growth in the coming years. This can be attributed to the increasing demand for waterproofing chemicals in various applications, such as construction, infrastructure, and other industrial sectors. Waterproofing chemicals are used to prevent water from penetrating the surface of a building or structure, which can cause damage to the structure and the materials used in its construction. These chemicals are also used to protect the structure from water-borne pathogens, which can cause health hazards to the occupants.
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The global Waterproofing chemicals Market to grow based on streamlining of the chemical vertical at a CAGR of 4.3%, reaching US$ 13,200 Mn. The vertical is emphasizing on regulation and sustainability of trade, which are expected to have material impact in the forecast period. Decarbonization would be another aspect that would witness acceleration going forward. The period would also see an influx of renewable polymers. This would be the scene with chemical vertical.
The market is driven by factors such as the growing construction industry, increasing demand for infrastructure development, and rising awareness about the importance of waterproofing in buildings and structures. The market is also being boosted by the increasing use of eco-friendly and biodegradable waterproofing chemicals. The market is expected to face challenges from factors such as the high cost of these chemicals and the presence of strict regulations regarding the use of waterproofing chemicals.
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Global Waterproofing Chemicals Market: Competition Tracking
In the competition landscape section of the global waterproofing chemicals market report, the important players functioning in this market have been profiled. Some of the key companies that have been featured in this report include
- Pidilite Industries Limited,
- W.R. Grace and Company,
- DowDuPont Inc.,
- BASF SE, H.B. Fuller,
- Wacker Chemie AG,
- RPM International,
- Evonik Industries AG,
- Akzo Nobel NV and Sika AG.
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