The Asia-Pacific region is expected to witness the swiftest growth in the waterproofing admixture market.
Regional Market Highlights
Factors such as rise in demand for waterproofing admixture in India, China, Japan in the region is expected to fuel the waterproofing admixture system market during the forecast period.
The waterproofing admixtures demand relies on new construction and its maintenance as well as repair activities. The high demand for these admixtures is driven by rising requirements for housing and infrastructure.
It is also inclined by consumer awareness, need for durable and aesthetic civil structure, and other benefits achieved in making concrete structure more economical for contractors and other interest holders.
Waterproofing admixture for concrete is also referred to as water resisting admixture or permeability reducing admixture. These admixtures help to avert the water passage through hardened concrete under a pressure head.
Water forms an integral part of concrete construction right from the mixing of concrete to the curing of concrete. However, it has to be taken care that if the concrete has gained its required strength, thereafter any penetration of moisture or water in concrete can result in concrete damage.
The damage can be caused due to corrosion of reinforcement or due to freeze thaw.
The global waterproofing admixture market is expected to gain major revenue in the forecast period. Factors such as rise in various infrastructural requirements in developing countries, improving construction economics, and shifting preferences of population toward urbanization are fuelling the growth of this market.
In the developing countries, that consume large portion of waterproofing admixtures include Egypt, China, Brazil, India, and Turkey; whereas the U.S., Spain, Germany, Japan, and Italy are the developed economies that consume waterproofing admixtures to great extent.
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Market Top Player’s
The major companies that provide waterproofing admixture include Fosroc International Ltd, BASF SE, Mapei S.P.A., W.R. Grace & Co., DOW Corning Corporation, RPM International Inc., Pidilite Industries, SIKA AG, Evonik Industries, Wacker Chemie AG, Xypex Chemical Corporation.
The global waterproofing admixture market can be classified based on type, application and region. On the basis of type, the global waterproofing admixture market is classified into crystalline waterproofing admixture, pore blocking admixture, and others.
Depending upon application, it is segmented into commercial and residential infrastructures.
Based on regions, the global waterproofing admixture market is divided into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. The North American region is anticipated to command the maximum market share and would lead the waterproofing admixture market during the forecast period.
Factors such as high infrastructure requirements in developed economies, enlightening construction industry, and high rate of urbanization is favouring the growth of this market in this region.
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