Press release
Waterproofing Admixture Market to Undertake Strapping Growth During 2024 - 2031 | Mapei S.p.A, RPM International, Sika A.G.
Waterproofing Admixture Market
Waterproofing admixtures are chemical compounds that are added to concrete mixtures to make them waterproof. They are widely used in construction activities such as water retaining structures, basements, and tunnels to protect them from water leakage and damage.
Market Dynamics:
The waterproofing admixture market is expected to witness significant growth over the forecast period, owing to increasing construction activities around the world. According to the Global Construction Perspectives and Oxford Economics report, the global construction industry is expected to grow by 85% to hit $15.5 trillion by 2030. Rapid urbanization and industrialization are the key factors fueling the growth of the construction industry. Additionally, rising spending on infrastructure development in developing countries is also projected to support the demand for waterproofing admixtures over the coming years. Governments across the globe are investing heavily in public infrastructure such as roads, bridges, dams, and buildings, which in turn is augmenting the growth of the waterproofing admixture market.
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Rising Construction Activities Driving the Demand for Waterproofing Admixtures
The global construction industry has witnessed steady growth over the past few years owing to rapid urbanization and increasing investment in infrastructure development projects. Waterproofing admixtures play a vital role in construction by protecting concrete from damage caused by water penetration. Growing construction of residential and commercial buildings coupled with the expansion of transport infrastructure like roads, bridges, tunnels etc. has boosted the consumption of waterproofing admixtures. Countries in Asia Pacific and Middle East regions are heavily investing in new construction projects which is propelling the waterproofing admixture market forward. Besides new construction, repair and restoration of aging structures also fuels the product demand. Strict regulations regarding water conservation in buildings have made waterproofing a mandatory part of construction work, thus ensuring steady revenue streams for market participants.
Demand for Green Waterproofing Products Presents Untapped Opportunities
With sustainability becoming a global priority, construction industry stakeholders are under mounting pressure to adopt green building practices. This has opened up opportunities for waterproofing product developers to capitalize on the rising preference for eco-friendly solutions. Significant scope exists to develop advanced admixtures manufactured from recycled materials, agro-waste, or bio-based polymers and resins. Such green waterproofing products align well with sustainability goals of construction projects and help companies tap into the fast-growing green building market. Manufacturers could gain an edge over competitors by offering innovativebio-admixtures or solutions featuring reduced carbon footprint.Leveraging green chemistry principles to make non-toxic waterproofing formulations also presents lucrative opportunities. Growing consumer awareness about environmental protection is likely to drive stronger demand for sustainable waterproofing technologies in the coming years.
Growing Trend Towards Liquid-Applied Waterproofing Solutions
Water-based and liquid-applied waterproofing systems have gained immense popularity in the construction industry owing to various advantages over conventional sheet membrane alternatives. Liquid systems provide seamless protection, are easy to apply even on complex surfaces, cause minimal disruptions during application and cure quickly. They conform well to most irregular substrate surfaces without forming bubbles or voids. Driven by such benefits, the trend towards liquid-applied waterproofing technologies is gaining momentum globally. Many leading manufacturers have expanded their product portfolios to cater to rising preference for single-part, two-part and three-part water-based admixtures. Liquid waterproofing is increasingly replacing traditional sheet-based membranes for applications like podium decks, plaza decks, green roofs, planters, etc. This growing shift towards liquid-applied solutions presents a strong upward trend for the waterproofing admixture industry.
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Top Companies Featured in This Report:
โ Mapei S.p.A
โ RPM International
โ Sika A.G.
โ BASF SE
โ W.R. Grace
โ Wacker Chemie A.G
โ Xypex Chemical Corporation
โ Fosroc International
โ Evonik A.G.
โ Pidilite Industries.
Market Segmentation:
By Product Type:
โ Pore blocking
โ Crystalline
By Applications:
โ Residential
โ Commercial
โ Infrastructure
Key Regions/Countries Classified as Follows:
ยป North America (U.S., Canada, Mexico)
ยป Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
ยป Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
ยป South America (Brazil, Argentina, Rest of SA)
ยป Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Inquiries Addressed in this Report include:
๐ What was the size of the Waterproofing Admixture Market in 2024, and what is the projected value by 2031?
๐ What is the present global market landscape for the Waterproofing Admixture Market?
๐ What strategies offer optimal opportunities for growth maximization in the business?
๐ What recent trends are shaping the Waterproofing Admixture Market?
๐ How does the market share of Waterproofing Admixture Market revenue, sales, and size vary across specific geographical regions?
๐ Who are the prominent industry players in the Waterproofing Admixture Market?
๐ Which segment of the Waterproofing Admixture Market is experiencing heightened demand?
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Waterproofing Admixture sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
๐ Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/315
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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