The latest report by Future Market Insights (FMI) on waterproofing chemicals provides an in-depth analysis of the market. The report titled “Waterproofing Chemicals Market: Asia Pacific Industry Analysis and Opportunity Assessment 2014-2020”, focuses on the key market trends in the Asia-Pacific waterproofing chemicals market. According to the report, Asia-Pacific is expected to emerge as the biggest market for waterproofing chemicals during the forecast period 2014-2020. The report also provides segment-wise analysis and impact analysis of the waterproofing market in Asia-Pacific.
The rise in the cost of construction and raw materials are the factors driving the growth of waterproofing chemicals market. Increasing the shelf life of the infrastructure and concrete, waterproofing chemicals are applied to the exterior of the building or construction. Construction chemical market contributes around 9% of the global GDP while waterproofing chemical market is expected to witness growth in developing countries such as India and China.
Owing to the increasing infrastructure investment, easy availability of raw materials and key infrastructure projects lined up, Asia-Pacific is expected to be the most profit-making market for waterproofing chemicals industry. 50% of the global waterproofing market is dominated by Asia-Pacific region including China, India and other important countries.
With China focusing on infrastructure under its 12th five-year plan, Indian government moving towards the ‘Make in India’ concept, Asia-Pacific will witness a significant growth in the infrastructure sector. India is also experiencing a growth in construction companies owing to the construction of malls and skyscrapers, thus this will result in the growth of waterproofing chemical market. In the terms of volume, China accounts for 26% market share, overtaking the USA.
The government in Malaysia has allocated around US$ 23 billion for its infrastructure growth, hence, Malaysia is expected to witness significant growth in the Asia-Pacific waterproofing chemicals market.
According to the report, Forsoc, Pedlite, BASF, and SIKA AG are some of the leading market players in the waterproofing chemicals market. Some of the key market players are investing nearly 3% of the sales revenue in research and development, hence, waterproofing chemical market will witness growth in emerging nations. Other factors driving the growth of waterproofing chemicals market are increasing population in India and China and rising demand for use of eco-friendly chemicals. Meanwhile, some of the major challenges in waterproofing chemicals market in developing countries are lack of skilled labor, low level of awareness about waterproof chemicals and absence of proper export policies.
Europe is the second most lucrative market in waterproofing chemicals followed by North America and Latin America. Western Europe is expected to experience a massive growth in waterproofing chemical market, creating an opportunity for waterproofing chemical industries. Marine and chemical industries in North America, along with other key sectors will drive the demand for waterproofing chemicals. The region is also expected to witness mergers and acquisitions of SMEs by big enterprises. Meanwhile, Latin America is expected to experience moderate growth in waterproofing chemicals than Asia-Pacific and Europe. However, major infrastructure projects have been lined-up in Brazil.
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