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Waterproofing Admixture Market report categorizes global market by product type, and application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
Waterproofing Admixture Market - Global Industry
Insights, Trends, Outlook, and Opportunity Analysis,
2018-2026
Waterproofing admixture reduces the permeability of concrete hence making it
waterproof. Concrete waterproofing require waterproofing admixture which
consists of water-repellent or hydrophobic chemicals that are derived from
soaps, vegetable oils, fatty acids and petroleum. These materials when mixed
with concrete form a water-repellent layer alongside pores in the concrete, thus
increasing the water resistance. Integral waterproofing offers various advantages
increased durability during backfill, resistance to delamination, and
decomposition. The demand for waterproofing admixtures is from new
construction and also from maintenance and repair activities.
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Waterproofing Admixture Market Outlook – Increasing Demand for
Durable and Waterproof Materials Expected to Boost Demand
Increasing demand for waterproof products in the construction industry is one of
the major factors boosting the growth of waterproofing admixture market. Asia
Pacific is one of the major contributors in the market. This mainly attributed to
the rapidly growing urbanization and modern infrastructural needs in the
emerging economies such as India and China in the region. In 2016, the
construction industry in China exhibited a growth of 17% which was greater
than 5% as compared to 2015. According to India Brand Equity Foundation
(IBEF)—part of the Department of Commerce, Ministry of Commerce and
Industry, Government of India—the Indian construction industry is expected to
grow to US$ 5 billion by 2022. From April 2000 to March 2016 the
infrastructure and construction development in India received foreign direct
investment valued at US$ 25.19 billion. This trend is expected to be followed
over the forecast period (2016–2024).
High initial price is one of the restraining factors for the waterproofing
admixture market globally. Mergers and acquisitions, developing innovative
portfolio are some of the key strategies adopted by the top players in the global
waterproofing admixture industry. BASF has developed new admixture
sureTEC (Super Retention Technology) that enables concrete manufacturers to
gain control over workability between the batching manufacturing plant and the
engagement site for more than two hours in hot weather. In 2016, BASF signed
an agreement with Henkel to acquire Henkel’s Western European business of
waterproofing and tiling. Some of the companies operating in the global
waterproofing admixture market are Dow Corning Corporation, Mapei S.p.A,
RPM International, Sika A.G., BASF SE, W.R. Grace, Wacker Chemie A.G,
Xypex Chemical Corporation, Fosroc International, Evonik A.G., and Pidilite
Industries.
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pallavi.reddy
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