Waterproofing Chemicals Market: Companies Need to Focus on Emerging Economies for Future Growth 2024

With the top five companies holding over 85% of the global waterproofing chemicals market, the competitive landscape of the market is largely consolidated and features intense competition among international giants, observes Transparency Market Research in a recent report. Leading vendors command the market owing to their excellent geographical presence and expansive product portfolios that contain solutions for a wide range of applications.

Leading vendors in the global waterproofing chemicals market, including E.I. du Pont de Nemours and Company, The Dow Chemical Company, Evonik Industries, BASF SE, and Sika AG have focused on growth strategies such as expansion across emerging markets and market-oriented research activities. In the near future, adhering to innovative ways of marketing as a way of improving consumer awareness about the benefits of waterproofing chemicals and expansion strategies focused on regions such as Asia Pacific and Middle East and Africa could allow companies to gain sustainable returns.

Transparency Market Research estimates that the global market for waterproofing chemicals will expand at a 5.1% CAGR from 2016 through 2024, rising from a valuation of U.S$7,948.4 mn in 2015 to U.S$12,335.2 mn by 2024.

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Construction Industry to Continue to Contribute Significant Share in Global Revenue

Of the key end-use sectors utilizing waterproofing chemicals for a number of applications, the construction and infrastructure industries are responsible for cumulatively the largest share in the overall revenue of the global waterproofing chemicals market. These two industries accounted for more than 70% of the overall market in 2015 and are expected to continue to play a key role in the market’s future development as well. In terms of geography, Asia Pacific is presently the dominant regional market for waterproofing chemicals and is expected to retain dominance on account of its thriving construction sector.

Construction Sector to Help Global Waterproofing Chemicals Market Gain Maximum Traction

The demand for waterproofing chemicals is one of the largest contributors of revenue to the global market for waterproofing chemicals. In 2015, the construction industry accounted for over 60% of the global market’s revenue and is expected to continue playing a pivotal role in the overall future development of the global waterproofing chemicals market in the next few years as well. Although waterproofing chemicals still find usage mostly in upscale construction projects owing to high cost, their demand is expected to rise at an encouraging pace in the next few years, especially across the thriving construction industry in emerging economies such as India and China.

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The demand for waterproofing chemicals is expected to rise at a promising pace across the public infrastructure space, including the construction of roadways, pavements, tunnels, bridges, and public utility centers. Rising investments aimed at infrastructure development in countries across African countries are also expected to drive the market for waterproofing chemicals to a large extent.

High Product Costs Limit Applicability to Upscale Construction Projects

One of the key factors to have limited the use of waterproofing chemicals in the consumer market is the high cost associated with both the product as well as labor. This factor has significantly limited the overall use and acceptance of waterproofing chemicals in the global market. This factor, coupled with the factor of low awareness regarding the vast benefits of these chemicals to the overall life of a construction project, has deterred their large-scale uptake. Presently, waterproofing chemicals account for only about 20% of the overall market for construction chemicals.

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @ http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

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