Waterproofing Chemicals Market
REPORT DESCRIPTION
Waterproofing Chemicals Market - Global Industry Analysis , Size , Share , Growth , Trends and Forecast 2016 - 2024
The global Waterproofing Chemicals Market features a highly consolidated competitive landscape , with the top five companies accounting for over 85 % of the overall market in 2015 , observes Transparency Market Research in a recent report . These five companies , namely BASF SE , The Dow Chemical Company , E . I . du Pont de Nemours and Company , Evonik Industries , and Sika AG hold strong market positions owing to their wide geographical presence and product portfolios that span across a vast range of industrial applications . Market-oriented research and developments and increased focus on emerging markets such as Asia Pacific and Middle East and Africa are expected to bolster growth prospects of potential competitors in the near future .
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TMR estimates that in terms of revenue , the market was valued at U . S $ 7,948.4 mn in 2015 and will reach U . S $ 12,335.2 mn by 2024 , expanding at a healthy CAGR of 5.1 % between 2016 and 2024 . In terms of end-use , the construction and infrastructure sectors cumulatively held more than 70 % of the waterproofing chemicals business . These segments are also expected to retain their positions as the leading consumers of waterproofing chemicals over the forecast period . Geographically , the market for waterproofing chemicals in Asia Pacific is presently the leading regional market and is expected to remain the dominant regional market over the forecast period as well .
Healthy Demand across Construction Sector to Help Market Gain Momentum
Transparency Market Research
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