A new research report by Transparency Market Research offers a comprehensive evaluation of the global waterproofing chemicals market. The study, titled “Waterproofing Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2023”, is available for sale on the firm’s website.
The global waterproofing chemicals market has been analyzed on the basis of the type of source and end user in this market report. On the basis of source type, natural waterproofing chemicals and synthetic waterproofing chemicals are the two key segments of this market. The building and construction, paints and coatings, polymer processing, and printing inks markets are the major end users of the waterproofing chemicals in the global arena.
The market report states that the rise of the building and construction industry has fueled the demand for waterproofing chemicals across the world. Apart from this, the augmenting demand for roofing as well as rising construction of tunnels is also propelling the global waterproofing chemicals market extensively.
According to the research report, the global waterproofing chemicals market is spread across North America, Asia Pacific, Europe, and the Rest of the World. Asia Pacific leads the global demand for waterproofing chemicals at present. The rapid infrastructural development and the enhancement in the standard of living are propelling this regional market to a significant extent.
Analysts expect the Asia Pacific waterproofing chemicals market to register the fastest growth during the forecast period among all the regional markets, notes the market study.
Europe has acquired the second position in the global waterproofing chemicals market in terms of production volume. However, the region is likely to witness moderate growth throughout the forecast period. North America is anticipated to post steady growth in the worldwide waterproofing chemicals market during the forecast period while Latin America is likely to emerge as the second-fastest growing market in the coming years, states the research report.
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The report further says that the rise in the commercial as well as residential construction industries, triggered by the upcoming Olympic Games 2016 (to be held in Rio de Janeiro), is projected to stimulate the demand for waterproofing chemicals in this region over the forecast period.
Some of the major players operating in the global waterproofing chemicals market are Pidilite Industries Ltd., Polygel Industries, BASF, Exxon Mobil Corp., DuPont, Dow Chemical Co., Mitsubishi Chemical Holdings Corp., Toray Industries, Bridgestone Corp., Evonik Industries, Choksey Chemical, Eastman Chemical Co., Trinseo Europe GmbH, Kumho Petrochemicals, Momentive Performance Materials Holdings, Bayer Corp., ZEON Corp., Polyone Corp., Estop Group, and Solvay Chemicals.
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