The global market for waterproofing chemicals is predicted to make a mark by crossing a valuation of USD 32,915 million by 2023, where it will also reach a CAGR of around 9.86% during the forecast period of 2018 to 2023. Market Research Future (MRFR) released a report saying that this market will gain strength from industries like building and construction where products that help in withstanding weather are in great demand. With rising urbanization and industrialization in developing industries, the market is expected to expand its base. This is due to the improving construction sector in those countries.
DowDuPont (The U.S.), Sika AG (Switzerland), BASF SE (Germany), Pidilite Industries Ltd. (India), Wacker Chemie AG (Germany), RPM International Inc. (The U.S.), Fosroc (U.K), Drizoro S.A.U. (Spain), Conpro Chemicals Pvt. Ltd (India), Mapei S.p.A (Italy), Carlisle Companies Inc. (The U.S.), and Soprema Inc.
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The global report on the waterproofing chemicals market has been segmented on the basis of type and application for a better understanding. MRFR analysts have included various data and studied factors to get a proper idea of how the market would shape up in the coming years. This has been further backed by different charts and graphs that dealt with volumes and revenues.
By type, the global understanding of the waterproofing chemicals market has been studied on the basis of bitumen, PVC, TPO, EPDM, and others. The PVC segment is becoming popular in the construction sector for its multiple benefits. This will help the segment in fetching better revenue for the market.
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Asia Pacific is showing signs of controlling the global market for waterproofing chemicals. The region is showing a chance to grow with 10.88% during the forecast period. Industrialization and urbanization are going on in a full-fledged way, owing to which the market will benefit significantly. In North America, the US will take charge of the market.
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