Waterstop Market Worth Around USD 2940 Mn by 2025: Moderate CAGR of 5.1%

PUNE, India - Jan. 7, 2021 - PRLog -- Global Waterstop Market Outlook (2014-2025), gives the research-based overview of the market and evaluates its current and future market scenario throughout the predicted period, i.e from 2019-2025. According to this report, the global water stop market was valued at US$ 1980 Mn in the year 2018 and is likely to touch the valuation of US$ 2940 Mn by 2025 end. The water stop market is growing with a moderate CAGR of 5.1% during the anticipated period

Waterstop is a concrete element that is used in construction or building materials and is also used to prevent the flow of water. The waterstop market is growing tremendously due to increasing industrialization in emerging economies and constant development in the construction sectors.

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Global Waterstop Market: Growth Factors
The worldwide market for waterstop is growing rapidly due to its characteristics such as safety and durability, better waterproofing, and its availability in different shapes according to the requirement of users. Due to these features, waterstop are highly in demand by civil contractors, thus boosting the growth of the market. Some of the factors such as growing construction activities, rapid industrialization, and rapid growth in chemical industries is likely to propel the growth of the market in the years to come. Apart from this, moisture free waterstop and its capacity to resist the rain, compatibility of portable water structures, and good chemical resistance are some of the features that escalate the market growth in the near future.
However, a lack of consumer awareness, technical limitations and the high cost of materials are some of the factors that create a negative impact on the growth of the global waterstop market.

Global Waterstop Market: Regional Overview
The Asia Pacific region is leading the market due to growing construction activities. Emerging economies such as China is likely to be the largest production and consumption market for waterstop over the predicted period. Europe is also expected to hold the maximum production share of the waterstop market during the anticipated period.

Global Waterstop Market: Key Players
Roky Plast Sal, Sika, Visqueen Building Products, Trelleborg, SpEC, GCP Applied Technologies Inc., Western Leader Ltd, JP Specialties, WR Meadows, Henry Company, a.b.e. Construction Chemicals, Parchem Construction Supplies, BoMetals, YuMu ShiYe, Kryton, Minerals Technologies Inc, Hengshui Jingtong Rubber, Bitumat Company, and Hengshui Jingtong are some of the manufacturers that functions into the global market for waterstop.

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