Press release
Global Waterproofing Admixture Market - Positive Long-Term Growth Outlook 2023
Waterproofing admixtures are components added to concrete to improve the surface and performance efficiency. Working principal of waterproofing admixtures involves blockage of pores by reducing the pore diameter. Waterproofing admixtures create millions of fibers or nanocrystals that get accumulated in capillary pores of concrete, thus preventingpassage of water. Waterproofing admixtures are blended in a specific proportion into theconcrete mix to modify physical and chemical properties of concrete.They increase durability and comprehensive strength by providing protection from physical and chemical damage. In addition to protection from adverse environmental conditions, waterproofing admixturesprovide excellent surface finish. Furthermore, they provide additional functionalities such as self-sealing of microcracks, prevention from penetration of corrosion-causing material, and resistance from hydrostatic pressure.
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Waterproofing admixtures are primarilyused in the building and construction industry.They are used to build high performance concrete for beams, decks, and dams in the construction industry. Waterproofing admixtures are used in concrete block, architectural concrete, pile concrete, mortar, plaster surface, hardened floor, industrial floor, runway, etc.They are used inthe development and repair of construction material. Waterproofing admixtures are also used in the transportation industry. Railway sleepers, highway concrete, bridge decks, etc., are key areas in the transportation industry where waterproofing admixtures are consumed. Cohesiveness in concrete mix, less permeability, shrinkage reduction, and enhanced compactness are key benefits of using waterproofing admixture.
Increasing demand from the building and construction industry is primarilydriving growth of the waterproofing admixture market.Advancement in theconstruction industry propels usage of waterproofing admixture to enhance the quality and texture of construction. Furthermore, growing economy in the developing regionsleads to high investment in building and construction. Rapid urbanization in developing regions is the key factor fueling demand forwaterproofing admixtures.Development of commercial residential construction due to population growth in developing regions generates the requirement forwaterproofing admixtures. Increased use of ready-mix concrete in the construction industry is likely to open new opportunities for the waterproofing admixture market.
The global market forwaterproofing admixture has witnessed growth in the past few years. Growth inhousing and construction activitiesin the developing countries coupled with rising economy has driven the waterproofing admixture market in the recent years. Asia Pacific is projectedto hold major share of the global waterproofing admixture market duringthe forecast period.The waterproofing admixture market in the Middle East &Africa is also expandingat a fast pace due to infrastructural development. The market in thisregion is expected to exhibit positive growth trend in the next few years. The waterproofing admixture markets in developed regions such asNorth America and Europe witness comparativelylow CAGR. Sluggish economic growth in these regions accounts for slow growth of the waterproofing admixture market.
Some of the major manufacturers of waterproofing admixture include Fosroc International Limited, Sika AG, Hycrete, Inc., AQUAFIN Inc., Kryton International Inc., Dow Corning Corporation, Cico Technologies Limited, Xypex Chemical Corporation, W. R. Grace and Company, and RPM International Inc.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
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