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Waterproofing Admixture Market future trend and growth opportunities over the forecast timeframe

Author : Rahul Varpe | Published Date : 2019-07-10 

Global Waterproofing Admixture Market research report is added by Global market insights, inc by covering all major market aspects. The report also touches the key scenarios like top players, competition, types, applications, regions, recent developments and future market predictions.

Global Waterproofing Admixture Market size is estimated to grow with a moderate CAGR by 2024. Rise in infrastructure necessities in the emerging economies coupled with growing demand for service life extension of constructions will drive the market in the forecast period.

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The ever-growing need for sustainable infrastructure has led to the demand for innovative solutions. The global construction industry is subjected to the omnipresence of challenges like or efficient use of limited resources, raw materials and energy in the long run. In this scenario, sound waterproofing solutions pose as an essential aspect for safe and durable construction. These admixtures feature increased floor durability and minimal maintenance cost. The waterproofing admixtures market growth will be mainly attributed to the factors such as increased urbanization and improving construction industry in the coming years.

Waterproofing admixtures find applications in tanks, sewage & water treatment plants, tunnel and subway systems, balconies, underground vaults, bridge decks, secondary containment structures, basements, water reservoirs, precast components, swimming pools, parking structures, etc.

They prevent the absorption of water in the pores by reducing the number, size of the capillary pores inside the concrete structure. Else, they cover the capillary pores with hydrophobic materials. They reduce concrete permeability and thereby allow concrete to breathe. They are waterproofing solutions that make concrete structures more durable, resist positive and negative side hydrostatic pressure and avoid weathering.

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The market is classified based on the region as: North America, Asia Pacific, Europe, Latin America and Middle East and Africa. Asia Pacific region contributed to USD 14 billion in the context of construction chemicals in 2015 and is likely to rise with 9% CAGR by 2024. This in turn will propel the waterproofing admixtures demand in the region over the forecast period. Europe and North America market growth will be particularly propelled by rising protocols on volatile organic compound (VOC) emissions and inclination towards use of high-performance concrete by 2024.

The waterproofing admixtures are subjected to severe conformity evaluation and control for confirming their compliance with the relevant industry specifications and standards. The market is monitored in accordance with BS EN 934, IS:2645-2003 and many other standards. American Concrete Institute (ACI) Committee 212 has offered guidance regarding these admixture usages. Implementation of the regulations could be a challenge to the industry participants in the forecast period.

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The key industry players in global waterproofing admixtures market include: BASF SE, Schomburg International, CEMEX S.A.B. de C.V., Wacker Chemi AG, Sika AG, Mapei S.P.A., RPM International Inc., W.R. Grace & Co., DOW Corning Corporation, Pidilite Industries, Evonik Industries, Fosroc International Ltd, Xypex Chemical Corporation, Hycrete, Inc., Kryton International Inc., Penetron Inc., GCP Applied Technologies Inc, etc.

These players leverage their technological know-how, in-depth knowledge of local building needs. They combine the suitable elements of their portfolio to develop innovations that drive sustainable construction. For instance, BASF’s MasterPel 777 admixture perform two-fold roles of water proofer and water reducer for everyday concrete, thereby accelerating the early strength development.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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