Waterproofing Admixture Market to Expand at a CAGR of 7.9% During 2016 - 2024

Waterproofing admixtures are added to concrete structures to reduce their permeability and make them waterproof, with the objective of providing superior protection. They thus enhance the durability of structures and enhance the overall maintenance process. The drive for waterproofing admixtures in the construction industry stems from the need for improving the compressive strength and the durability of concrete.

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The rising use of waterproofing admixtures in addressing the various concrete durability issues in old as well as new construction structures is a key factor propelling the growth of the market. Key properties which make their use relevant in such applications are water reduction, increased hydrophobic effect, splendid pore reduction and blocking, and increased density. Understanding the mechanics of physical and chemical degradation, due to water and ingress of fluid, paves way to product launches and innovations in the global waterproofing admixtures market.

The global waterproofing admixtures market stood at US$2.5 bn in 2015 and is projected to rise at CAGR of 7.9% during the forecast period of 2016–2024. By 2024 end, the opportunities in the global market are anticipated to reach US$4.9 bn.

On the basis of product type, the report segments the global waterproofing admixtures market into pore-blocking, crystalline, and an others category notably including supplementary cementitious material. Of all the segments, the crystalline one is expected to hold sway in the global waterproofing admixtures market. By the end of 2024, crystalline waterproofing admixtures are anticipated to contribute a share of 46.7%. They have earned their name as the primary admixture and are largely hydrophilic. Their unique characteristic of filling even minor cracks in concretes stem from their self-healing abilities, which come from the mix of proprietary active chemicals and cementitious material.

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The other key segment pore-blocking admixtures have emerged as secondary admixtures. They act by forming an insoluble hydrophobic layer on concrete and hence stop the water to permeate through it. This product type falls under the PRA category of Permeability-Reducing Admixture for Non-hydrostatic conditions (PRAN). Water-repelling chemicals in pore-blocking admixtures consists notably of mineral oil, stearates, and long chain fatty acids derivatives.

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Vis-à-vis application, the global waterproofing admixtures market is segmented into commercial, infrastructure, and residential sectors. The residential application is projected to serve the major demand in the market. The prominence can be attributed to the rapidly rising demand for various types of waterproofing admixtures in old and new residential projects.

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