Green Waterproofing Products Market: Overview
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.
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.
Green Waterproofing Products Market: Dynamics and Trends
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.
Green Waterproofing Products Market: Segmentation
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).
Green Waterproofing Products Market: Region-wise outlook
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.
Green Waterproofing Products Market: Key Players
Key companies operating in the green waterproofing products market include Nanex, Nikwax, Dr. Fixit, Ultra Seal, and Columbia Green.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.