Waterproofing Admixtures Market

Updated on : August 08, 2024

Waterproofing Admixtures Market

The global waterproofing admixtures market was valued at USD 5.3 billion in 2022 and is projected to reach USD 8.0 billion by 2028, growing at 7.4% cagr from 2023 to 2028. One of the major reasons making an positive outlook for the waterproofing admixtures market is the mounting urbanization in various countries worldwide, rising infrastructural developments in several countries such as China, and eco-sociable construction practices. Also, the technological advancements in construction industry is pushing the market. Due to these reasons, the consumption of waterproofing admixtures is grown significantly.

To know about the assumptions considered for the study, Request for Free Sample Report

Waterproofing Admixtures Market Dynamics

Driver : Mounting urbanization

Mounting urbanization is expected to drive the waterproofing admixtures market as it leads to increased demand for infrastructure development, including roads, bridges, tunnels, and buildings. The increasing urban landscapes translate into a proliferation of residential, commercial, and industrial buildings. Moreover, these structures require reliable waterproofing solutions to protect them from water damage and extend their lifespan. Thus, the mounting urbanization will drive the waterproofing admixtures market globally.

Restraints : Incomplete market awareness

The inhibited acceptance of waterproofing admixtures can be recognized to the general lack of awareness and education within the property owners and construction industry concerning the benefits of these specialized construction materials. For instance, in a recent survey by a prominent association, only 30% of surveyed construction professionals indicated that they regularly incorporate waterproofing admixtures into their projects. Likewise, the incomplete awareness in market is the restraint for waterproofing admixtures market.

Opportunities : Technological developments in construction industry

The evolution of 3D printing technology in construction industry present significant opportunities for the waterproofing admixture market. In the realm of 3D printing, the ability to construct intricate and customized structures introduces new challenges in ensuring long-term durability and waterproofing. Waterproofing admixtures play a crucial role in enhancing the resilience of 3D-printed structures by preventing water penetration and potential damage. As these types of innovations advance, the demand for effective waterproofing solutions will likely grow, presenting a promising avenue for the continued growth of the waterproofing admixture industry.

Challenges : Complications in guaranteeing product consistency and performance

In the field of construction, to maintain the product consistency and performance of waterproofing admixtures are very complicated. It is one of the major challenge of manufacturers as construction projects become more demanding and diverse.  They have to ensure that their admixtures consistently meet high-quality standards and deliver the expected level of waterproofing performance. The challenge lies in adopting variations in the manufacturing process, sourcing of raw materials, and external factors that can impact product quality. Thus, the complications in guaranteeing product consistency and performance is the major challenge of waterproofing admixtures market.

Waterproofing Admixtures Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of waterproofing admixtures. These companies have been in business for a while and have a broad range of products, cutting-edge technologies, and robust international sales and marketing networks. Prominent companies in this market include Sika AG (Switzerland), Saint-Gobain S.A. (France), Mapei S.p.A. (Italy), Fosroc, Inc. (UAE), Penetron (US) Dow inc. (US) Xypex Chemical Corporation (Canada), RPM International Inc. (US), and among others.

Based on type, crystalline admixtures are projected to register highest CAGR, in terms of value, during the forecast period.

Due to its effectiveness and adaptability to restrict the entering water into concrete, crystalline admixtures have attracted a lot of interest and are becoming more and more popular in a variety of industries. Moreover, they remains chemically active within the concrete and has ability to seal the additional gaps up to a certain size and extent as they occur. Therefore, crystalline admixtures has the potential to fulfill the need of end-users more effectively and thus it is projected to be the fastest growing segment of waterproofing admixtures market.

Based on application, residental was the second-largest segment for waterproofing admixtures market, in terms of value, in 2022.

The residential sector claims the position of the second-largest application in the waterproofing admixtures market due to a confluence of factors. The surge in residential construction, fueled by ongoing urbanization and escalating housing demands, propels a consistent need for waterproofing solutions. Growing awareness among homeowners regarding the long-term benefits of waterproofing admixtures, such as shielding homes from leaks, dampness, and mold, fosters their widespread adoption. Crucially, the application of these admixtures in residential construction serves as a preventive measure against potential structural damage caused by water, encompassing issues like foundation damage and mold growth.

“Asia Pacific accounted for the largest market share for waterproofing admixtures market, in terms of value, in 2022”

Asia Pacific is a promising market for waterproofing admixtures for several reasons, including the rising the disposal income in this region, low labour cost of construction workers, and mounting urbanization and infrastructural projects in developing countries such as China, India, South Korea, and Indonesia. Moreover, the major manufacturers has the manufacturing plants in this region. Thus, the Asia Pacific accounts the largest share of global waterproofing admixture market.

To know about the assumptions considered for the study, download the pdf brochure

Waterproofing Admixtures Market Players

Sika AG (Switzerland), Saint-Gobain S.A. (France), Mapei S.p.A. (Italy), Fosroc, Inc. (UAE), Penetron (US) Dow inc. (US) Xypex Chemical Corporation (Canada), RPM International Inc. (US), and among others, these are the key manufacturers that secured major market share in the last few years.

Waterproofing Admixtures Market Report Scope

This report categorizes the global Waterproofing Admixtures market based on type, application, and region.

On the basis of type, the waterproofing admixtures market has been segmented as follows:

• Pore Blocking Admixtures
  • Fatty Acids
  • Silanes/ Siloxanes
  • Waxes
• Crystalline Admixtures
  • Calcium Hydroxide-based
  • Other Minerals
  • Clay-based Admixtures
• Densifier
  • Silicates
  • Others

On the basis of application, the waterproofing admixtures market has been segmented as follows:

• Residential
• Commercial
• Infrastructure

On the basis of region, the waterproofing admixtures market has been segmented as follows:

• Asia Pacific
• Europe
• North America
• Middle East & Arica
• South America

Recent Developments

• In May 2023, Sika has completed the acquisition of MBCC Group after having received all necessary regulatory approvals.
• In September 2022, Saint-Gobain acquired GCP Applied Technologies, which will be seamlessly integrated into Chryso Inc.. It is a subsidiary within Saint-Gobain's High Performance Solutions segment, enhancing the company's comprehensive offerings in this domain.
• In July 2022, Mapei S.p.A. expanded its presence in India with the inauguration of its third factory in Kosi, Mathura, demonstrating a strong commitment to serving the growing construction market in the region.
• In July 2023, Fosroc Inc. opened its third experience centre in India, located at the Bengaluru Head Office on Infantry Road.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst