Waterproofing Admixture Market increase from $2.30 billion in 2015 to $3.70 billion by 2021

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Waterproofing Admixture Market increase from $2.30 billion in 2015 to $3.70 billion by 2021
Waterproofing Admixture Market
Waterproofing Admixture Market

A porous material which has the ability to absorb water and water-borne contaminants is called as waterproofing admixture. There are different types of admixtures used for different parts of a structure namely the roof, basement or walls, the location, climatic conditions; purpose of a structure would determine the system to be used. Waterproofing admixture material protects these structures from degradation. Hydrophobic and pore blocking are waterproofing admixture ingredients reacts with products of the cement hydration process to produce a hydrophobic material which resists external water, decreasing absorption into the concrete.

According to the report, global waterproofing admixture market was valued at around USD 2.30 billion in 2014 and is expected to reach USD 3.70 billion in 2020, growing at a CAGR of slightly above 8% between 2015 and 2020. Zion Market Research has published a new report titled “Waterproofing Admixture (Crystalline, Pore Blocking, and Others) Market for Building & Construction, Public Infrastructure, and Commercial Space Applications – Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020”.

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Global waterproofing admixture market is growing rapidly due to the strong growth in building & construction industry. Using waterproofing admixture, the maintenance costs decrease and the durability of floor increases. This is the key driver for the waterproofing admixture market. In addition, waterproofing admixture has a broad range of applications in different industries such as construction, public infrastructure, and commercial space etc., which boost the waterproofing admixture market. Growing demand for waterproofing admixture simultaneously affects the infrastructural development and this is expected to drive the market during the forecast period.Crystalline, pore blocking, and others are key type segments of waterproofing admixture market.

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The crystalline waterproofing systems are mainly used to waterproof and regenerate leaky water tanks, retaining walls and swimming pools, while the pore blocking waterproofing system is applied to repair and waterproof roofs and other exteriors. Crystalline waterproofing and pore blocking waterproofing systems both are the widely used types of waterproofing used in construction sector extensively.

On the basis of applications, waterproofing admixture market can be segmented as building & construction, public infrastructure, and commercial space applications. Due to increasing concern about the quality of civil structure and other benefits achieved by making the concrete structure more strong using materials like waterproofing admixture, this market is expected to grow at rapid pace.

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Asia Pacific was the leading regional market for waterproofing admixture owing to strong demand from emerging countries. Asia Pacific was followed by the Middle East and Africa with the second largest market share in global waterproofing admixture in 2014. Asia Pacific is expected to grow at a rapid pace owing to increasing construction in the region.

Some of the key participants in the global waterproofing admixture market include BASF SE, SIKA AG, W.R. Grace & Co., Wacker Chemie AG, DOW Corning Corporation., RPM International Inc., Pidilite Industries, Evonik Industries, Fosroc International Ltd, Mapei S.P.A., and Xypex Chemical Corporation.