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.

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco

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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