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  • Saturday, 04 May 2024
Massive Expansion Expected in Global Waterproofing Chemicals Market in Future

Massive Expansion Expected in Global Waterproofing Chemicals Market in Future

Due to the surging construction and manufacturing industries across the globe, on account of the soaring government policies and initiatives, the demand for waterproofing chemicals will rise in the coming years. The governments of several countries are increasingly focusing on policies like ‘Zero Defect’ and ‘Zero Effect’ in order to boosting the manufacturing and construction sectors. Moreover, there has been huge rise in incentives for reducing the pollution levels and promoting the construction of green and energy-efficient buildings, which have in turn, boosted the demand for waterproofing chemicals around the world.

In the emerging economies, the numerous initiatives taken by the governments for promoting infrastructural development projects and improving the roadways and irrigation systems, are fuelling the rise in the demand for waterproofing chemicals in the coming years. In addition to this, the burgeoning construction activities in numerous countries will lead to a huge rise in the need for construction materials and waterproofing chemicals. Due to these factors, the global waterproofing chemicals market is expected to witness massive growth in the coming years.

Waterproofing chemicals are commonly used in walls, roofs, landfills and tunnels, and building structures. Out of these, these chemicals recorded the highest usage in the construction of roofs in the past. This is mainly attributed to the fact that the roof is the most critical component of the building structure, owing to its direct exposure to sunlight and changing weather conditions such as heat and rainfall; therefore, it requires frequent application of waterproofing chemicals in order to maintain structural integrity.

The biggest trend currently being witnessed in the waterproofing chemicals market is the rising need for compliance with international manufacturing standards. In the emerging economies like Indonesia, India, and Brazil, the waterproofing chemicals industry is focusing on enforcing consumer standards which are similar to the international standards. For instance, the ban on mixing concrete on site is aimed at reducing the air pollution levels, and this will consequently push the demand for ready-mix concrete (RMC) admixtures. The surging construction of high-rise buildings, especially in congested areas, is also expected to propel the adoption of waterproofing chemicals.

Globally, the Asia-Pacific (APAC) region recorded the highest usage of waterproofing chemicals in the past and this trend is expected to continue in the coming years as well. This is primarily attributed to the soaring investments for infrastructural development projects by the governments of several countries and rising compliance with international manufacturing standards. In this region, China registered the highest adoption of waterproofing chemicals in the past, owing to the presence of thriving construction and manufacturing sectors in the country.

Therefore, it can be said with great certainty that owing to the flourishing manufacturing and construction sectors across the world and the numerous infrastructural development projects launched in many countries, the demand for waterproofing chemicals will observe huge growth in the coming years.

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