ALBANY, N.Y., Feb. 14, 2022, The global waterproofing admixture market was valued at US$ 3.7 Bn in 2020. The market is projected to rise at a CAGR of 7.9% during the forecast period, from 2021 to 2031.
The global waterproofing admixture market is anticipated to attain valuation of US$ 8.5 Bn by 2031. The global market is being driven by an increase in the use of waterproofing admixture in the commercial and residential applications. Market players are estimated to have a profitable presence in this market. These companies are raising their capital investments and focusing more on research and development as well as improving product quality to suit consumer demands. The fast rise of the waterproofing admixture market is also being aided by continuous infrastructural development and maintenance initiatives in developing nations.
Waterproofing admixtures are used to minimize permeability and render concrete buildings waterproof, with the purpose of offering improved protection. As a result, they improve the structure’s sturdiness as well as the maintenance procedure as a whole. The necessity to improve the compressive strength and durability of concrete has led to a rise in the usage of waterproofing admixtures in the building sector. The steadily increasing usage of waterproofing admixtures in old and new building projects to resolve various concrete durability challenges is a major factor likely to propel the global waterproofing admixture market.
Water reduction, splendid pore reduction and blocking, increased hydrophobic effect, and increased density are key factors that make their utilization appropriate in such application areas. In the global waterproofing admixtures market, grasping the mechanisms of chemical and physical deterioration caused by water and fluid infiltration opens new opportunities for product introductions and advancements.
Key Findings of Market Report
The global waterproofing admixtures market is projected to be led by the crystalline segment. They are mostly hydrophilic and are utilized as a main admixture. Their self-healing properties, which are derived from a combination of patented cementitious material and active chemicals, give them the remarkable ability to fix even microscopic fissures in concrete. The residential application is expected to meet the majority of market demand. Rise in popularity can be linked to the rapidly increasing demand for different forms of waterproofing admixtures in both old as well as new residential construction projects. The market for waterproofing admixtures is increasing as the property market improves, particularly in developing nations. The rapid rate of urbanization in many parts, particularly developing parts of the world supports such growth of the market.
Due to the strong development of the construction industry, particularly in India and China, the Asia Pacific region holds majority of the market share and expected to continue its dominance during the forecast period
Global Waterproofing Admixture Market: Growth Drivers
In the form of secondary admixture, pore-blocking admixtures have become popular. They work by creating an insoluble hydrophobic surface on concrete, preventing water from penetrating it, and this feature is likely to drive its sales opportunities in the global market. Rising popularity of multi-dwelling units in Middle East & Africa is expected to aid the regional market’s growth during the forecast period
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
This article was shared with Prittle Prattle News as a Press Release by PRNewswire
