Waterproofing Admixture Market Analysis and Size
India Brand Equity Foundation (IBEF), a division of the Department of Commerce, Ministry of Commerce and Industry, Government of India, anticipates that the country's construction market will reach US$ 5 billion by 2022. Globally, the use and popularity of waterproofing admixtures have grown significantly due to the rapidly expanding urbanization and current infrastructure needs in emerging economies.
Global waterproofing admixture market was valued at USD 4.00 billion in 2021 and is expected to reach USD 7.40 billion by 2029, registering a CAGR of 8.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Market Definition
Waterproofing admixture reduces the permeability of concrete hence making it waterproof. Concrete waterproofing requires using a waterproofing admixture, which is made up of hydrophobic or water-repellent compounds obtained from soaps, vegetable oils, fatty acids, and petroleum. When combined with concrete, these substances create a layer that repels water along with the concrete's pores, enhancing the concrete's ability to withstand moisture.
Global Waterproofing Admixture Market Scope
The waterproofing admixture market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Crystalline
- Pore Blocking
- Hydrophobic or Water-Repellent Materials
- Others
Application
- Building and Construction
- Public Infrastructure
- Commercial Space
End User
- Tanks
- Sewage and Water Treatment Plants
- Tunnel and Subway Systems
- Balconies
- Underground Vaults, Bridge Decks
- Secondary Containment Structures
- Basements, Water Reservoirs
- Precast Components
- Swimming Pools
- Parking Structures
Waterproofing Admixture Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Usage of Waterproofing Admixture
Waterproofing In the residential, commercial, and infrastructure sectors, additives are utilized to strengthen the concrete's bond with the structure and extend its lifespan. These admixtures are added to concrete and utilized in residential structures' roofing, external walls, ceilings, basements, and bathroom floors to prevent mold and mildew growth brought on by moisture and water seepage. A few benefits of integral waterproofing are increased durability during backfill, resistance to delamination, and decomposition. New building, maintenance, and repair work increase the demand for waterproofing additives. These factors further boost the adoption of waterproofing admixture, and thus help propel market growth over the forecast period.
Furthermore, the main market drivers for water admixture are the rise in infrastructure needs in developing nations, an improving construction industry, and rising urbanisation. Global market expansion is also fueled by low maintenance costs and improved floor durability.
Opportunities
Furthermore, the key players are increasing their investment and are focusing on research and development activities, along with enhanced product quality, which further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the new product development and technological advancement in construction industry will further expand the future growth of the waterproofing admixture market.
Some of the major players operating in the waterproofing admixture market are
- BASF SE (Germany)
- MI Materials Limited (U.K)
- Dupont (U.S.)
- W. R. Grace Co.Conn. (U.S.)
- Setral Chemie GmbH (Germany)
- GCP Applied Technologies Inc. (U.S.)
- RPM International (U.S.)
- Sika India Pvt. Ltd (Switzerland)
- Fosroc Inc., (U.K.)
- Dow (U.S.)
- Arkem S.A. (France)
- Ashland Inc (U.S.)
- Mapei S.p.A (Italy)
- MUHU (China) Construction Materials Co., Ltd., (China)
- Holcim (Switzerland)
- CHRYSO GROUP (France)
- Pidilite Industries Ltd., (India)
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Waterproofing Admixture Market Regional Analysis/Insights
The waterproofing admixture market is analyzed and market size insights and trends are provided by country, type, application and end user as referenced above.
The countries covered in the waterproofing admixture market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the developing requirement for sustainable support within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the growing scale of residential and household construction and increment in the ratio of urban population in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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