Green Waterproofing Products Market to be at Forefront by 2024
Rapid
urbanization and increase in industrialization has impacted the
construction industry and in turn the environment across the globe.
Rise in concerns over the harmful effect of construction processes
and products have prompted consumers to adopt ecofriendly products.
Green waterproofing products, among others, have gained significant
impetus from this trend. Thus, the global market for green
waterproofing products has been expanding significantly.
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In
terms of region, the market for green waterproofing products has been
segmented into Asia Pacific, Europe, North America, Middle East &
Africa, and Latin America. Significant increase rise in construction
activities, propelled by the rise in urbanization as well as
industrialization, has fueled the demand for green waterproofing
products in Asia Pacific.
Waterproofing
products are chemical compounds that are blended with other chemical
constituents to provide a barrier against leakage. These also improve
the durability of finished products. These chemicals are used as
additives and admixtures with several other materials including
mortar, cement, paints, plastics, inks, and detergents. Natural
waterproofing products include quartz and crystalline silica.
Synthetic chemicals include polysulfide, polyethylene, polyurethane,
and acrylates. Waterproofing products enhance the water-repelling
properties of finished products when used as additives in the
processing of polymers, paints, and coatings.
Demand
for green waterproofing products is rising due to the emphasis on
environment-friendly construction products across the world.
Investment in new commercial buildings, specifically in new hotels
and shopping mall segments, have been increasing of late. This is
propelling the demand for roofing globally. Additionally, growth in
demand for roofing can be observed in the green roofing segment in
commercial buildings. The residential building sector is the major
consumer of green waterproofing products.
Rise
in investment in the residential building construction sector is a
prominent factor driving the Green waterproofing products market
across the globe. The economic boost in Asia Pacific is anticipated
to further augment the usage of green waterproofing products in the
region. This, in turn, is estimated to drive the green waterproofing
products market substantially in the near future.
The
global green waterproofing products market is likely to be hampered
by the shortage of skilled workers. This is one of the primary
restraints of the global green waterproofing products. Trends such as
green roofing and innovation in environment-friendly waterproofing
products are anticipated to significantly impact the Green
Waterproofing Products Market.
The
Green Waterproofing Products Market can be segmented in terms of
application (roofing, walls, building structures, and landfills &
tunnels) and region (North America, Latin America, Europe, Asia
Pacific, and Middle East & Africa).
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The
market for green waterproofing products in Europe and North America
is matured. It is witnessing new product innovation and rising
preference for green waterproofing products. The global green
waterproofing products in Latin America is also estimated to expand
significantly in the next few years due to the expansion in the
construction sector in the region. The green waterproofing products
market in Latin America and Middle East & Africa is projected to
expand substantially in the near future.
Key
companies operating in the green waterproofing products market
include Nanex, Nikwax, Dr. Fixit, Ultra Seal, and Columbia Green.
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