Waterproofing Admixture Market is to Grow at a CAGR of 8.00%
Global Waterproofing Admixture Market, By Type (Crystalline, Pore Blocking, Hydrophobic or Water-Repellent Materials, Others), Application (Building and Construction, Public Infrastructure, Commercial Space), End User (Tanks, Sewage and Water Treatment Plants, Tunnel and Subway Systems, Balconies, Underground Vaults, Bridge Decks, Secondary Containment Structures, Basements, Water Reservoirs, Precast Components, Swimming Pools, Parking Structures) – Industry Trends and Forecast to 2029
India Brand Equity Foundation (IBEF), a division of the Department of Commerce, Ministry of Commerce and Industry, Government of India, anticipates that the country's construction market will reach US$ 5 billion by 2022. Globally, the use and popularity of waterproofing admixtures have grown significantly due to the rapidly expanding urbanization and current infrastructure needs in emerging economies.
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Global waterproofing admixture market was valued at USD 4.00 billion in 2021 and is expected to reach USD 7.40 billion by 2029, registering a CAGR of 8.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2022 to 2029 |
Base Year | 2021 |
Historic Years | 2020 (Customizable to 2014 - 2019) |
Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered | Type (Crystalline, Pore Blocking, Hydrophobic or Water-Repellent Materials, Others), Application (Building and Construction, Public Infrastructure, Commercial Space), End User (Tanks, Sewage and Water Treatment Plants, Tunnel and Subway Systems, Balconies, Underground Vaults, Bridge Decks, Secondary Containment Structures, Basements, Water Reservoirs, Precast Components, Swimming Pools, Parking Structures) |
Countries Covered | U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa |
Market Players Covered | BASF SE (Germany), M&I Materials Limited (U.K), Dupont (U.S.), W. R. Grace & Co.-Conn. (U.S.), Setral Chemie GmbH (Germany), GCP Applied Technologies Inc. (U.S.) RPM International (U.S.), Sika India Pvt. Ltd., (Switzerland), Fosroc Inc., (U.K.), Dow (U.S.), Arkem S.A. (France), Ashland Inc (U.S.), Mapei S.p.A (Italy), MUHU (China) Construction Materials Co., Ltd., (China), Holcim (Switzerland), CHRYSO GROUP (France), and Pidilite Industries Ltd., (India) |
Market Opportunities | Growing demand for lubricants that are corrosion resistant, non-flammable and nontoxic Significant investments in research and development activities |
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Market Definition
Waterproofing admixture reduces the permeability of concrete hence making it waterproof. Concrete waterproofing requires using a waterproofing admixture, which is made up of hydrophobic or water-repellent compounds obtained from soaps, vegetable oils, fatty acids, and petroleum. When combined with concrete, these substances create a layer that repels water along with the concrete's pores, enhancing the concrete's ability to withstand moisture.
Competitive Landscape and Waterproofing Admixture Market Share Analysis
The waterproofing admixture market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to waterproofing admixture market.
Some of the major players operating in the waterproofing admixture market are
- BASF SE (Germany)
- M&I Materials Limited (U.K)
- Dupont (U.S.)
- W. R. Grace & Co.Conn. (U.S.)
- Setral Chemie GmbH (Germany)
- GCP Applied Technologies Inc. (U.S.)
- RPM International (U.S.)
- Sika India Pvt. Ltd (Switzerland)
- Fosroc Inc., (U.K.)
- Dow (U.S.)
- Arkem S.A. (France)
- Ashland Inc (U.S.)
- Mapei S.p.A (Italy)
- MUHU (China) Construction Materials Co., Ltd., (China)
- Holcim (Switzerland)
- CHRYSO GROUP (France)
- Pidilite Industries Ltd., (India)
Waterproofing Admixture Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Usage of Waterproofing Admixture
Waterproofing In the residential, commercial, and infrastructure sectors, additives are utilized to strengthen the concrete's bond with the structure and extend its lifespan. These admixtures are added to concrete and utilized in residential structures' roofing, external walls, ceilings, basements, and bathroom floors to prevent mold and mildew growth brought on by moisture and water seepage. A few benefits of integral waterproofing are increased durability during backfill, resistance to delamination, and decomposition. New building, maintenance, and repair work increase the demand for waterproofing additives. These factors further boost the adoption of waterproofing admixture, and thus help propel market growth over the forecast period.
Furthermore, the main market drivers for water admixture are the rise in infrastructure needs in developing nations, an improving construction industry, and rising urbanisation. Global market expansion is also fueled by low maintenance costs and improved floor durability.
Opportunities
Furthermore, the key players are increasing their investment and are focusing on research and development activities, along with enhanced product quality, which further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the new product development and technological advancement in construction industry will further expand the future growth of the waterproofing admixture market.
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Restraints/Challenges
- Unstable Prices
The prices of the raw materials required for the waterproofing admixture keeps on fluctuating, which impacts the overall cost of the product. This factor will therefore create hindrances for the growth of the waterproofing admixture market.
- Issues associated with Infrastructure, Investments And Logistics
The factors such as logistic issues, mature infrastructure, lesser cement production and low investments within the infrastructure sector will prove to be a demerit for the waterproofing admixture market. These factors are projected to challenge the waterproofing admixture market growth rate.
This waterproofing admixture market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the waterproofing admixture market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Waterproofing Admixture Market
The recent outbreak of coronavirus had a negative impact on the waterproofing admixture market. The restrictions also significantly impeded numerous industrial operations and messed up the supply chain, significantly impacting the market. In addition, there was a labour shortage, which led to the closure of the majority of firms. The global market as well as import and export activities were largely impacted, which had an adverse effect on sectors that use waterproofing admixture. There are numerous operational challenges for businesses as a result of the various projects that are delayed throughout regions like Germany, China, the United States, and South Korea. Additionally, the market has primarily suffered losses because of the decline in consumption. These factors hindered market growth and expansion in considerable part.
However, with the decline in COVID cases, the market is expected to regain its former prominence as the economy has largely picked up the same pace of growth as the pre-pandemic levels.
Global Waterproofing Admixture Market Scope
The waterproofing admixture market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Crystalline
- Pore Blocking
- Hydrophobic or Water-Repellent Materials
- Others
Application
- Building and Construction
- Public Infrastructure
- Commercial Space
End User
- Tanks
- Sewage and Water Treatment Plants
- Tunnel and Subway Systems
- Balconies
- Underground Vaults, Bridge Decks
- Secondary Containment Structures
- Basements, Water Reservoirs
- Precast Components
- Swimming Pools
- Parking Structures
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Waterproofing Admixture Market Regional Analysis/Insights
The waterproofing admixture market is analyzed and market size insights and trends are provided by country, type, application and end user as referenced above.
The countries covered in the waterproofing admixture market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the developing requirement for sustainable support within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the growing scale of residential and household construction and increment in the ratio of urban population in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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