Global Waterproofing Admixture Market worth USD 3.70 billion by 2020
Zion Research has published a new report titled “Waterproofing Admixture (Crystalline, Pore Blocking and Others) Market for Building & Construction, Public Infrastructure, and Commercial Space Applications – Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020”. According to the report, global waterproofing admixture market was valued at around USD 2.30 billion in 2014 and is expected to reach USD 3.70 billion in 2020, growing at a CAGR of slightly above 8% between 2015 and 2020.
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Waterproofing admixture is a porous material which has the ability to absorb water and water-borne contaminants. Waterproofing is very important to protect the floor from deterioration or degradation causes due to the exposed concrete. Waterproofing admixture helps to improve durability and lifetime of the structure. Waterproofing admixture is a material that increases the density of the concrete or increases its ability to repel water. Waterproofing admixture ingredients like hydrophobic and pore blocking is an organic liquid which reacts with products of the cement hydration process to produce a hydrophobic material which resist external water, decreasing absorption into the concrete.
Waterproofing admixture market is mainly driven by strong growth in building & construction industry. Using waterproofing admixture, the maintenance costs decrease and the durability of floor increases. This factor helps to grow the waterproofing admixture market. Waterproofing admixture has a broad range of applications such as building & construction, public infrastructure, and commercial space etc. This application is a driving factor for the waterproofing admixture market. Growing demand for waterproofing admixture simultaneously affect on the infrastructural development.
Based on types of waterproofing admixture, this market is segmented into crystalline, pore blocking and other types. Crystalline waterproofing and pore blocking waterproofing systems are two versatile types widely used types of waterproofing use in construction sector globally. The crystalline waterproofing systems is used to waterproof and regenerate leaky water tanks, retaining walls and swimming pools, while the pore blocking waterproofing system is mainly applied to repair and waterproof roofs and other exteriors.
Building & construction, public infrastructure, and commercial space applications are the application segments of the waterproofing admixture market. Waterproofing admixture market is primarily driven by growing requirements for building & construction applications. The driving factors behind this application segment is consumer awareness, need for durable and artistic civil structure, and other benefits achieved by making concrete structure more strong using materials like waterproofing admixture.
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Asia Pacific was the largest market accounting for significant share of global revenue in 2014. Asia Pacific witnessed high demand on account of growing consumer demand for housing and infrastructure. Asia Pacific was followed by Middle East & Africa.
The key companies in this market are BASF SE, SIKA AG, W.R. Grace & Co., Wacker Chemie AG, DOW Corning Corporation., RPM International Inc., Pidilite Industries, Evonik Industries, Fosroc International Ltd, Mapei S.P.A., and Xypex Chemical Corporation.
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