Waterproofing Admixture Protecting Construction Growth

Waterproofing admixture is a porous chemical ingredient that absorbs water and water borne contaminants during cement or concrete hydration proves. Waterproofing admixture offers corrosion and water penetration resistance. It helps reduce maintenance cost and enhances the durability of structure. Waterproofing admixtures are used in residential, commercial, and infrastructure sector.

The global waterproofing admixtures market is expected to be worth $4.9 billion in 2024 from $2.5 billion 2015. Between 2016 and 2024, the global waterproofing admixtures market is expected to progress at a CAGR (compound annual growth rate) of 7.9% due to growing demand for better concrete structures.

The growing importance of waterproofing structures to prevent degeneration or damage to them is expected to drive the market. Permeation of water causes damage to the aesthetics and also reduces the lifespan of structures by negatively impacting their durability. Persistent water leakage or seepage increases the maintenance cost of structures too. The booming building and construction industry closely related to government initiatives is expected to have a direct impact on the revenues of the market. The demand for renovations of old and new structures is also projected to propel the market.

The product types in waterproofing admixture are crystalline and pore-blocking. The crystalline product type accounted for more than 35% of the marketshare in 2015. This product segment is slated to acquire a 46.7% share in the overall market by 2024. The demand for crystalline will spike in the coming years as the primary admixture that is used in achieving waterproofing technology.

Pore-blocking was the second-largest segment of the market in 2015, at more than 40% share. It is expected to expand significantly during the forecast period due to rising population and growing industries.

Asia Pacific had a significant share in the market in 2015 followed by the Middle East and Africa. Population growth will also propel the market in Asia Pacific. Rapid growth in construction due to mass housing projects coupled with need for improved productivity and quality in construction projects is projected to increase demand in the Middle East & North Africa in the next few years. Rising regulations on carbon emission and VOC emission, and emphasis on using high-performance concrete are some of the factors fuelling the market in Europe and North America. Latin America will be a lucrative market for waterproofing admixture due to more construction and an increase in demand for sustainable product.

Posted: 5/3/2017 4:09:03 PM



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