Article -> Article Details
| Title | How Is Infrastructure Development Propelling Waterproofing Chemical Demand? |
|---|---|
| Category | Business --> Business Services |
| Meta Keywords | Waterproofing Chemicals Market |
| Owner | industrytrends |
| Description | |
| Waterproofing chemicals are usually used to protect buildings from water seepages because seepages can reduce the lifespan of a structure and can cause health, metal, and electrical hazards to the building’s owner. These chemicals enhance the durability of infrastructure and increase the shelf life of concrete structures when applied to the exterior of the buildings. Owing to these advantages, the waterproofing chemicals help in reducing the maintenance of buildings. Thus, the increasing construction of housing units and commercial structures, owing to the booming population, will fuel the consumption of such chemicals in the forthcoming years. With the expansion of the manufacturing and construction industries, on account of the implementation of favorable policies such as ‘Zero Effect and Zero Defect’ by the governments of several countries, the demand for waterproofing chemicals is surging sharply across the world. Moreover, many regulatory authorities and bodies are enacting several guidelines for curbing the escalating pollution levels and creating a model that incentivizes the construction of green and energy-efficient buildings. This is consequently boosting the demand for waterproofing chemicals around the world. Additionally, the governments of various emerging economies are implementing initiatives for providing basic infrastructure facilities such as access to proper and well-developed roads, concrete-based homes, and better irrigation networks. This is fueling the expansion of the infrastructure and industrial sector, which is, in turn, propelling the requirement for waterproofing chemicals across the globe. Furthermore, these chemicals help authorities mitigate the rapid environmental degradation. Due to the above-mentioned factors, the global waterproofing chemicals market is set for lucrative growth in the coming years. Waterproofing chemicals are primarily used for protecting buildings from water seepage, as seepages can drastically reduce the overall lifespan of a building and cause health, metal, and electrical hazards. These chemicals also increase the durability of a structure, when they are applied on the exterior. They also increase the shelf life of concrete structures and reduce the maintenance costs of buildings. Roofing, building structures, walls, and tunnels and landfills are the major application areas of waterproofing chemicals. Amongst these, the usage of these chemicals was the highest in roofing applications in the past. As roof is the most important segment of a building because of its direct exposure to varying weather conditions, waterproofing chemicals are extensively used in roofing applications. Polymer (PVC, EPDM, and TPO) and bitumen (APP and SBS) are the two most widely used types of waterproofing chemicals globally. Between these two, the demand for bitumen was found to be higher all over the world during the past few years. On the other hand, the sales of polymers will be higher all over the world in the future years, as per the estimates of P&S Intelligence, a market research company based in India. Globally, the sales of waterproofing chemicals were observed to be the highest in the Asia-Pacific (APAC) region in the past. Moreover, the waterproofing chemicals market is predicted to demonstrate the fastest growth in this region in the forthcoming years as well. This will be a result of the rising requirement for compliance with international manufacturing standards, the surging investments being made in infrastructural development projects, and the presence of a large consumer base in the regional countries. In APAC, the sales of these chemicals were the highest in China in the past. Additionally, the rising global focus on strengthening the construction and manufacturing industries, owing to the surging focus on policies such as "Zero Effect and Zero Defect" will also fuel the usage of waterproofing chemicals across the world. Moreover, the soaring focus of regulatory authorities to set up pollution control guidelines and create a model that incentivizes green and energy-efficient buildings will augment the consumption of such chemicals in the construction sector. For example, the Indian Green Building Council (IGBC) works toward providing infrastructure tools that encourage the adoption of green building practices in India. Styrene-butadiene-styrene (SBS), atactic polypropylene (APP), polyvinyl chloride (PVC), thermoplastic polyolefins, and ethylene propylene diene monomer (EPDM) are the most common types of waterproofing chemicals being used in roofing, building structures, walls, and landfills and tunnels. The construction and manufacturing sectors procure such chemicals from Pidilite Industries Limited, Evonik Industries AG, Thermax Limited, Fosroc, Zeon Corporation, BASF SE, Mitsubishi Chemical Holdings Corporation, Sika AG, Bostik Inc., and The Dow Chemical Company. Geographically, Asia-Pacific (APAC) led the waterproofing chemicals market in the preceding years, and it is also expected to consume these chemicals at the highest rate in the upcoming years. This can be owed to the expanding consumer base, increasing compliance of the manufacturing industry with international standards, and soaring investments in the infrastructure sector, in the region. Among APAC nations, China uses the highest volume of waterproofing chemicals, due to the presence of a wide manufacturing base and increase in construction of numerous infrastructure units in the country. Thus, the increasing construction activities, soaring government investments in the infrastructure sector, and mounting public focus on green and energy-efficient buildings will fuel the consumption of waterproofing chemicals. | |