Waterproofing Chemicals Market
Sustainable demand across the global construction industry is pivotal to the overall development of the global waterproofing chemicals market as the former provides the market more than 60 % of its business . In the past few years , the rising demand for a variety of waterproofing chemicals in the everexpanding construction industry , for purposes such as the protection of buildings and structures from leakage and seepage caused by water and moisture , has been key to market growth . The demand for these chemicals has remained strong from new construction projects as well as projects managing refurbishment of existing buildings .
The public infrastructure space , including structures such as bridges , tunnels , pavements , roadways , and public utility centers , has also been key to the healthy demand for waterproofing chemicals in the global market . Extensive investments and the rising implementation of development programs in this field across regions such as Asia Pacific and Africa are expected to fuel the demand for waterproofing chemicals in the next few years .
Low Product Awareness among Consumers could Hinder Market Growth
Waterproofing chemicals are still largely considered a niche product in the construction chemicals segment . This is because of the understanding of the specific use of these chemicals in high-end applications , which is mostly limited to industry experts . The high base cost of these chemicals , in addition to the substantial costs incurred for labor have also been key restraints in terms of product acceptance and use in general consumer markets . As a result , waterproofing chemicals are mostly used in upscale construction segments .
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Waterproofing chemicals have a limited footprint in the global market , with a share of less than 20 % of the overall construction chemicals market due to thier limited use in residential building segment as well as low product marketing and promotions . These factors are projected to have a sizeable negative impact on the overall development of the market in the next few years .
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