Aug 30, 2021 (AB Digital via COMTEX) -- The global waterproofing systems market size is projected to reach USD 72.0 billion by 2025 at a CAGR of 6.4% from 2020. The demand for waterproofing systems is increasing, owing to the growing demand for cost-effective and efficient waterproofing systems. The emergence of environment-friendly waterproofing systems and green buildings is also driving the market.
APAC is projected to be the fastest-growing market for waterproofing systems. The rising population, increased demand for residential buildings, rapid industrialization, and increased urbanization are driving the APAC waterproofing systems market. China is the largest market for waterproofing systems in the region. China is also a major producer and consumer of waterproofing systems in the region as it has a huge manufacturing base. Apart from China, India, and South Korea are projected to grow at a decent rate during the forecast period.
The increase in demand for waterproofing systems and the growing construction industry in the emerging economies, such as APAC and South America, are driving the market. The key players in the waterproofing systems market include Sika AG (Switzerland), BASF SE (Germany), Fosroc (UK), GCP applied technologies (US), Soprema (France), Mapei S.P.A (Italy), Carlisle Construction Company (US), Tremco (US), Pidilite industries (India), and Henkel Polybit (UAE). The waterproofing systems market report analyzes the key growth strategies, such as investment & expansion, new product launch, mergers & acquisition, and partnership & agreement, adopted by the leading market players between 2017 and 2020.
To know about the assumptions considered for the study download the pdf brochure
Sika AG (Switzerland) is one of the leading manufacturers and distributors of waterproofing systems. The company adopted mergers & acquisitions as one of its key business strategies. For instance, in June 2020, the company acquired Modern Waterproofing Group, a leading manufacturer of roofing and waterproofing systems in Egypt. It was an addition to the product portfolio of Sika Egypt and offered new opportunities for growth in the Egyptian construction market. The acquired business generates annual sales of USD 28.5 million
BASF SE (Germany) is one of the largest chemical producers globally. The company is among the key players in the waterproofing systems market. The company adopted the strategies of new product launch to strengthen its competitiveness in the global waterproofing systems market. For instance, in April 2018, BASF introduced MasterSeal 7000 CR from Master Builders Solutions for waterproofing and concrete protection for wastewater treatment plants and harsh chemical environments.
Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=174057630
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Address:630 Dundee Road Suite 430
State: IL 60062
Country: United States
Is there a problem with this press release? Contact the source provider Comtex at email@example.com. You can also contact MarketWatch Customer Service via our Customer Center.