Beijing, March 13, 2023 (Global News) -- The global market for waterproofing chemical was $11.6 billion in 2022 and is expected to reach $17.7 billion by 2032, with a compound annual growth rate of 4.1% from 2023 to 2032.

Waterproofing Chemicals Market Research Report Highlights and Statistics:

The global market for waterproofing chemical was $11.6 billion in 2022 and is expected to reach $17.7 billion by 2032, representing a compound annual growth rate of 4.1%

The market is driven by increased demand for waterproofing chemical in a range of end-use industries, including construction, automotive, and textiles.

Asia Pacific is the largest market for waterproofing chemical, with Europe and Asia Pacific being the major markets.

Key players in the waterproofing chemical market include Echemi.

Overview of the waterproof Chemicals Market:

The waterproofing chemical market is a rapidly growing industry driven by increasing demand for waterproofing solutions across a wide range of end-use industries, including construction, automotive, textiles, and other industries. Waterproof chemical are used to protect structures and materials from water damage, thereby extending their life and improving their durability. The chemical can be applied to a variety of surfaces, including roofs, walls, foundations, and basements.

The waterproofing chemical market is expected to continue to grow in the coming years due to increasing construction activity in emerging economies and the need for waterproofing solutions to protect buildings and infrastructure from water damage.

Construction is the largest end-use sector in the waterproof chemical market. In addition to construction, waterproof chemical is also used in the automotive industry to protect vehicles from water damage and corrosion. The textile industry also uses waterproof chemical to make waterproof and water-resistant clothing and fabrics.

Geographically, the Asia-Pacific region is the largest market for waterproofing chemical. The region is expected to continue to dominate the market in the coming years, driven by rapid urbanization and infrastructure development in countries such as China and India.

Major players in the waterproof chemical market include Echemi, among others. These companies are investing in the research and development of new and innovative waterproofing chemical to improve performance and environmental benefits. In addition, they are focusing on strategic partnerships and collaborations to expand their product portfolio and market reach.