Opportunities for the global waterproofing admixture market to reach $4.5 billion by 2023

According to a new market report published by Lucintel, the future of the global waterproofing admixture market looks promising with opportunities in the residential, commercial, and infrastructure sectors. The global waterproofing admixture market is expected to reach an estimated $4.4 billion by 2023 and is forecast to grow at a CAGR of 6.5% from 2018 to 2023. The major drivers for growth of the waterproofing admixture market are increasing building and construction activities, renovation of old building structures, and growing awareness on construction quality.
In this market, the main segments by product type are crystalline, pore blocking, and others. On the basis of comprehensive research, Lucintel forecasts that the crystalline segment is expected to show above average growth during the forecast period. Crystalline waterproofing admixtures are hydrophilic in nature, which means they react with the constituents of the cement matrix to form crystals. Crystalline chemicals facilitate a reaction creating long and narrow crystals that fill the pores, capillaries, and hairline cracks of the concrete mass.
By end use sectors, the global waterproofing admixture market is segmented into residential, commercial, and infrastructure. The major application areas for waterproofing admixtures are water tanks, toilet sunken area, roof slabs, basement, swimming pools, dams, canals, harbors, and tunnels. Residential is expected to remain the largest segment over the forecast period.
By region, APAC is expected to remain the largest market and witness the highest growth rate during the forecast period due to increasing urbanization and higher expenditures on residential and non-residential development in China and India.
Emerging trends, which have a direct impact on the dynamics of the industry, include adoption of performance sheet membrane, liquid applied PU membrane, and cool green waterproofing. Sika AG, GCP Applied Technologies, Wacker Chemie, RPM International, BASF SE, and RPM International Inc. are among the major suppliers of waterproofing admixtures.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global waterproofing admixture market by product type, end use, and region, and compiled a comprehensive research report entitled “Global Waterproofing Admixture Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global waterproofing admixture market by product type, end use and region as follows:

By Product Type [Value ($ Million) from 2012 to 2023]:
o Crystalline
o Pore Blocking
o Others
By End Use [Value ($ Million) from 2012 to 2023]:
o Residential
o Commercial
o Infrastructure
By Region [Value ($ Million) and Volume (Thousand Tonnes) from 2012 to 2023]:
• North America
− US
− Canada
− Mexico
• Europe
− Germany
− France
− United Kingdom
• Asia Pacific (APAC)
− China
− India
− Japan
• The Rest of the World (ROW)
− Brazil
This 147 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Construction Market Report, Construction Reports, SWOT Matrix, Due Diligence and Mergers & Acquisitions.

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.

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This release was published on openPR.