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Waterproofing Admixtures Market Size

  • Report ID: GMI11152
  • Published Date: Aug 2024
  • Report Format: PDF

Waterproofing Admixtures Market Size

Waterproofing Admixtures Market was valued at around USD 6.2 billion in 2023 and is anticipated to register a CAGR of over 7.8% between 2024 and 2032. Waterproofing admixtures are specialized chemical compounds integrated into concrete, mortar, and other construction materials to bolster their water-resistant capabilities. By reducing material permeability, these admixtures effectively prevent water from penetrating surfaces or infiltrating through cracks, joints, or pores.

 

The global market for waterproofing admixtures is experiencing significant growth, driven by urbanization and a thriving construction industry. As urban areas expand and infrastructure projects surge, the demand for water-resistant concrete has intensified. These admixtures not only bolster the durability and resilience of structures but also enhance their resistance to moisture and water damage over time. This importance is magnified in urban settings, where intricate buildings, tunnels, bridges, and roads are on the rise.
 

Emerging markets, witnessing a construction boom, are increasingly prioritizing high-quality materials for their long-term benefits. With the surge in major infrastructure projects like highways, railways, and water management systems, the demand for waterproofing admixtures is on the rise. Beyond merely extending a structure's lifespan, these materials present a cost-effective strategy for minimizing future maintenance. This heightened emphasis on durability, especially in regions facing tough weather, underscores the pivotal role of waterproofing admixtures in contemporary construction, fueling the market's global expansion.
 

The global waterproofing admixture market faces challenges due to the high cost of these materials. Waterproofing admixtures are often more expensive than traditional additives, making them less attractive for cost-sensitive projects. This issue is more noticeable in smaller construction projects, where budgets are tight. Smaller contractors and builders may choose cheaper options or skip waterproofing to save money. As a result, while larger projects and high-profile developments use waterproofing admixtures, their use is limited in smaller projects, restricting the market's overall growth.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

Market size for waterproofing admixtures was USD 6.2 billion in 2023 and will grow at a 7.8% CAGR between 2024 and 2032, fueled by increasing construction activities and a growing emphasis on infrastructure durability.

Waterproofing admixtures industry from the crystalline admixture segment captured USD 2.7 billion in 2023, propelled by its superior performance in enhancing concrete durability.

Asia Pacific industry recorded USD 2.2 billion in 2023, owing to rapid urbanization, infrastructure development, and increasing construction activities in the region.

Key players operating in the industry are Alchemco, BASF SE, Dow Inc, Evonik AG, Fosroc Inc., Kryton International Inc., Mapei S.p.A, Penetron, RPM International Inc, Sika AG, Wacker Chemie AG, and Xypex Chemical Corporation, among others.

Waterproofing Admixtures Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 240
  • Countries covered: 18
  • Pages: 150
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