by The global Waterproofing Admixture Market is estimated to be valued at US$ 4.66 Bn or Billion in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Waterproofing admixture are specially formulated chemicals that are added to concrete mixes before the pouring of concrete structures to provide long lasting protection against penetration of water and other liquids under hydrostatic pressure from either positive or negative side. It prevents capillary rising of water through concrete pores which can cause dampness, efflorescence, corrosion of reinforcement etc.
Market key trends:
One of the key trend gaining traction in the waterproofing admixture market is the development of innovative and advanced products. Manufacturers are focusing on extensive research and development activities to develop and launch more eco-friendly, cost-effective and high performance waterproofing admixtures. For instance, BASF SE offers MasterEmaco range of crystalline waterproofing admixtures such as MasterEmaco ADH 326 and MasterEmaco N 107CI which provides long-lasting waterproofing to the concrete structures from positive as well as negative side water pressure. They forms waterproofing crystalline structure inside the concrete pores blocking the ingress of water over the lifetime of structure.
Market key trends:
One of the key trends in the waterproofing admixture market is the rising usage of crystalline admixtures. Crystalline waterproofing admixtures work by physically blocking pores in concrete to prevent water penetration. They form water-resistant crystalline structures within the pores and capillaries of concrete upon contact with water overtime. These admixtures are seeing higher demand owing to their self-healing properties and ability to seal micro-cracks in concrete over the lifespan of structures without affecting permeability.
SWOT Analysis
Strength: Self-healing properties of crystalline admixtures make structures durable and waterproof for long term.
Weakness: Higher initial cost than traditional waterproofing methods.
Opportunity: Growing construction of tunnels and basement floors presents an opportunity.
Threats: Volatility in raw material prices can increase input costs. Substitutes like polymer/plastic sheets offer lower cost alternative.
Key Takeaways
The global waterproofing admixture market is expected to witness high growth, exhibiting CAGR of 8.0% over the forecast period, due to increasing infrastructure development activities worldwide. Asia Pacific dominates the market currently owing to the massive infrastructure development programs in countries like China and India. The regional market is estimated to reach around US$ 2 Bn by 2023.
Europe is another major market for waterproofing admixtures driven by stringent building codes regarding waterproofing in countries like Germany, UK, and France. Rapid growth is expected in Central and South American nations led by construction of hydroelectric and underground projects in Brazil and Argentina.
Key players operating in the 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., Pidilite Industries.
