At a CAGR of 12.1% - Waterproofing Chemicals Market worth 30.88 Billion USD by 2021

“Improving economics and quality of construction are set to drive the waterproofing chemicals market”

The waterproofing chemicals market size is estimated to reach USD 30.88 billion by 2021, at a CAGR of 12.1%. The use of waterproofing chemicals, in the form of waterproofing admixtures, is used for the reduction in water-cement ratio, early and delayed forming of concrete, enhanced durability, modification in physical and chemical properties (strength, resistance to corrosion, and weather resistance). All these properties have enabled the use of waterproofing chemicals for almost every application. Therefore, the market is set to grow with the growth in related industries during the forecast period.

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“Waste & water management is one of the fastest-growing applications of waterproofing chemicals”

Waste & water management application is estimated to register the highest growth between 2016 and 2021. The high growth is attributed to the increasing population, urbanization, and industrialization, due to which there is an increased need for water management activities to optimize the use of water in developing as well as developed countries. In 2015, the waste & water management segment accounted for the third largest market share among all applications, in terms of value and volume.

“Rising demand from Asia-Pacific is a major driver of the waterproofing chemicals market“

Asia-Pacific is expected to be the fastest-growing market of waterproofing chemicals, in terms of value and volume, in the forecast period. China and India are the two major markets of waterproofing chemicals in Asia-Pacific. The Chinese building & construction industry has the largest share in Asia-Pacific resulting in an increased growth of the market. Also, under building & construction industry, relatively high growth was witnessed under the commercial building & construction industry, and, high-end real estate, which is  expected to drive the demand for waterproofing chemicals in both China and India.

The break-up of primary interviews is given below.

•   By Company Type: Tier 1 – 33%, Tier 2 – 60%, and Others – 7%

•   By Designation: C level – 56%, Director level – 33%, and Others –- 11%

•   By Region: North America – 27%, Europe – 46%, Asia-Pacific – 20%, and RoW* – 7%

*RoW includes Latin America, the Middle East& Africa.

The key companies profiled in this report are The Dow Chemical Company (U.S.), BASF SE (Germany), and Wacker Chemie AG (Germany), and waterproofing system manufacturing companies, such as, SIKA AG (Switzerland), Carlisle Companies Inc. (U.S.), and W.R Grace & Company (U.S.).

The report will help the market leaders/new entrants in this market in the following ways:

1.    This report segments the waterproofing chemicals market comprehensively and provides the closest approximations of the market size in terms of value and volume for the overall market and the subsegments across different verticals and regions.

2.    The report helps the stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

3.   This report will help stakeholders understand the competitors and gain more insights to improve their position in the business. The competitive landscape section includes new product developments, expansions, agreements, acquisitions, and joint ventures.

Macroeconomic Overview & Key Drivers of Battery Electrolyte Market Industry

The battery electrolyte market is projected to grow from USD 4.20 billion in 2018 to USD 6.18 billion by 2023, at a CAGR of 8.1% from 2018 to 2023. Increasing adoption of EV to reduce carbon footprint, rapid increase in automotive sales, high demand from replacement market of automotive batteries, and increasing share of alternative energy sources in the energy mix are the key factors driving the growth of the battery electrolyte market. APAC is home to some of the leading lithium-ion battery manufacturers in the world, including CATL (China), BYD (China), LG Chem (South Korea), Panasonic (Japan), and Samsung SDI (South Korea). These lithium-ion battery manufacturers are keeping the demand for lithium-ion battery electrolyte high in the region. Mitsubishi Chemical Corporation (Japan), Ube Industries (Japan), Shenzhen Capchem Technology Co., Ltd. (China), Johnson Controls (US), Guangzhou Tinci Materials Technology Co., Ltd. (China), GS Yuasa Corporation (Japan), 3M (US), BASF SE (Germany), LG Chem (South Korea), and American Elements (US) are some of the leading players operating in the battery electrolyte market.

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These leading players have adopted the strategies of expansions, acquisitions, and joint ventures to cater the increased demand for battery electrolyte from various battery manufacturers.

In March 2018, Shenzhen Capchem partnered with Eve Energy to build a production line to manufacture chemicals used in lithium-ion batteries. This new plant will produce 20,000 tons of lithium-ion battery electrolyte annually. With this development, the company will focus on expanding the production capacity to sustain its market leadership in China. Shenzhen Capchem is focusing on expansion as the key strategy for growth. The company is planning to set up a LiB electrolyte factory in Jinmen City, Hubei Province (China) with a capacity of 20,000 metric tons and another LiB electrolyte factory in Poland with a capacity of 20,000 metric tons. In October 2017, the company acquired BASF’s electrolyte manufacturing facility located in Suzhou, China. With this acquisition, the company has further strengthened its foothold in China. Shenzhen is among the leading companies in the China lithium-ion battery electrolyte market.

In October 2016, Mitsubishi Chemical Corporation entered into a joint venture agreement with Ube Industries. The two companies tied up for their lithium-ion battery electrolyte business in China. With this, the companies can capitalize on the growing demand for lithium-ion batteries from the consumer electronics and electric vehicles industries.

The battery electrolyte market is projected to grow from USD 4.20 billion in 2018 to USD 6.18 billion by 2023, at a CAGR of 8.1% from 2018 to 2023. Improving performance of lithium-ion batteries and dropping USD/KWh prices of batteries are expected to create opportunities for the battery electrolyte market across the globe.

Electric Vehicles Initiative (EVI) is a multi-government policy to accelerate the adoption of electric vehicles worldwide. The current EVI members list includes Canada, China, Finland, France, Germany, India, Japan, Mexico, the Netherlands, Norway, Sweden, the UK, and the US. These countries have set an ambitious target to change 30% of their total vehicles fleet to electric vehicles. Investments are being done in the lithium-ion battery electrolyte market owing to the increasing production of lithium-ion batteries.

Based on battery type, the lithium-ion battery electrolyte segment of the battery electrolyte market is projected to grow at a higher CAGR from 2018 to 2023. The increased production of lithium-ion batteries for EV is the main reason for the growth of this segment.

Based on state of electrolyte, the liquid lithium-ion battery electrolyte segment of the battery electrolyte market is projected to grow at the highest CAGR from 2018 to 2023. Lithium polymer pouch batteries, which consume liquid electrolyte, are widely used in portable devices such as cellphones, laptops, digital cameras, etc.

The Asia Pacific, North America, and Europe regions are the major markets for battery electrolyte due to the presence of leading battery manufacturers in these regions. Various leading players have adopted the strategies of expansions, acquisitions, and joint ventures, to meet the growing demand for battery electrolyte from various leading battery manufacturers in these regions. The battery electrolyte market is witnessing high growth as various market players have expanded their areas of operations and production capacities to strengthen their market positions. Future trends in the market would largely depend on the regulations, availability of raw materials, and investments in end-use industries of batteries.

 

Emulsion Adhesives Market Industry Leaders & New Revenue Pockets

The emulsion adhesives market is projected to grow from USD 12.98 billion in 2017 to USD 17.28 billion by 2022, at a CAGR of 5.9% between 2017 and 2022. APAC is the largest consumer of emulsion adhesives. The demand for acrylic emulsion adhesives in the APAC region and technological innovations in end-use industries are key factors projected to drive the growth of the emulsion adhesives market.

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Major players operating in the emulsion adhesives market include Arkema (Bostik), H.B. Fuller (US), Henkel (Germany), Ashland (US), Wacker Chemie (Germany) and 3M (US). These players have adopted various strategies, such as mergers & acquisitions and new product launches, to strengthen their foothold in the emulsion adhesives market. The strategy of new product launches was the key growth strategy adopted by major players between 2013 and 2017 to enhance their product portfolio and penetrate new markets. This strategy accounted for a share of 50% of all growth strategies adopted by key market players.

H.B. Fuller is one of the leading manufacturers, formulators, and marketers of adhesives. The company operates through 5 business segments, namely, Americas adhesives, construction products, EIMEA (Europe, India, and the Middle East & Africa), engineering adhesives, and Asia Pacific. Adhesives developed by the company are used in various applications, such as assembly, packaging, converting, nonwoven & hygiene, performance wood, flooring, textile, flexible packaging, graphic arts, envelope, and electronics. H.B. Fuller is actively involved in acquiring emerging companies in the emulsion adhesives market. For instance, in October 2017, H.B. Fuller acquired Royal Adhesives & Sealants for USD 1.57 billion. This acquisition enabled H.B. Fuller to enhance its product offerings in the areas of engineering, construction adhesives, and durable assembly, thereby making it a major supplier of adhesives for insulating glass and commercial roofing applications.

3M offers an extensive range of products, including adhesives, bonding materials, coatings, and specialty materials. The company operates through 5 business segments, namely, industrial, safety & graphics, electronics & energy, health care, and consumer. The company manufactures adhesives & sealants for various applications through its industrial and consumer segments. It has its production facilities in 70 countries worldwide and offers products and solutions to customers in, approximately, 200 countries in the Americas, APAC, Europe, and the Middle East & Africa. The company is focused on the adoption of organic strategies to enhance its market presence. For instance, in March 2013, 3M introduced a new product in its water-based adhesives range named as Fast Tack 1000NF. This product offers speed and strength compared to the solvent-based range with additional benefits, such as Zero-VOCs and GREENGUARD certification.

The emulsion adhesives market is projected to grow from USD 12.98 billion in 2017 to USD 17.28 billion by 2022, at a CAGR of 5.9% between 2017 and 2022. The rise in demand for acrylic emulsion adhesives in the APAC region and technological innovations in end-use industries are key factors projected to drive the growth of the emulsion adhesives market.

Emulsion adhesives are manufactured by the emulsification and polymerization of resins such as PVA, VAE, and acrylic in water. They are generally free of solvents, and hence, are not flammable and non-toxic. These adhesives are mainly used for porous materials, such as paper, cloth, and wood. The market for emulsion adhesives offers several untapped opportunities in automotive and construction applications. Over the years, research & development activities have been conducted to enhance the mechanical and chemical properties of emulsion adhesives. The improved heat resistance property of emulsion adhesives has increased its applicability in the automotive and packaging industries. Benefits offered by emulsion adhesives include the absence of flammable substances and easy handling as compared to other conventional adhesives.

                                                                                               

The acrylic polymer emulsion segment is projected to be the largest and the fastest-growing resin type segment of the emulsion adhesives market. Acrylic polymer emulsions are environment-friendly adhesives and provide an adequate balance among shear, tack, and peel strength of the bond.

APAC is expected to be the fastest-growing market for emulsion adhesives. This growth is mainly attributed to the rising demand for economic, commercial, and infrastructural activities in emerging countries, such as China, India, Thailand, Indonesia, Bangladesh, and Vietnam. Manufacturers of emulsion adhesives are shifting their base to APAC countries, owing to low production cost. In addition, policies that mandate the use of environment-friendly products have led to innovation in the field of emulsion adhesives, in this region.

The demand for emulsion adhesives is primarily driven by the existing as well as emerging applications, innovative manufacturing practices, and competitive costs of these adhesives. The increasing use of emulsion adhesives in various industries and expansion of the construction industry in North America, Europe, APAC, and the Middle East are additional factors driving the demand for emulsion adhesive products.