Waterproofing Admixture Market – Used to reduce concrete permeability: Advanced technologies & growth opportunities in global Industry
Waterproofing admixtures are components added to concrete to improve the surface and performance efficiency. Working principal of waterproofing admixtures involves blockage of pores by reducing the pore diameter. Waterproofing admixtures create millions of fibers or Nano crystals that get accumulated in capillary pores of concrete, thus preventing passage of water. Waterproofing admixtures are blended in a specific proportion into the concrete mix to modify physical and chemical properties of concrete. They increase durability and comprehensive strength by providing protection from physical and chemical damage. In addition to protection from adverse environmental conditions, waterproofing admixtures provide excellent surface finish. Furthermore, they provide additional functionalities such as self-sealing of micro cracks, prevention from penetration of corrosion-causing material, and resistance from hydrostatic pressure.
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Waterproofing admixtures are primarily used in the building and construction industry. They are used to build high performance concrete for beams, decks, and dams in the construction industry. Waterproofing admixtures are used in concrete block, architectural concrete, pile concrete, mortar, plaster surface, hardened floor, industrial floor, runway, etc. They are used in the development and repair of construction material. Waterproofing admixtures are also used in the transportation industry. Railway sleepers, highway concrete, bridge decks, etc., are key areas in the transportation industry where waterproofing admixtures are consumed. Cohesiveness in concrete mix, less permeability, shrinkage reduction, and enhanced compactness are key benefits of using waterproofing admixture.
Increasing demand from the building and construction industry is primarily driving growth of the waterproofing admixture market. Advancement in the construction industry propels usage of waterproofing admixture to enhance the quality and texture of construction.
Furthermore, growing economy in the developing regions leads to high investment in building and construction. Rapid urbanization in developing regions is the key factor fueling demand for waterproofing admixtures. Development of commercial residential construction due to population growth in developing regions generates the requirement for waterproofing admixtures. Increased use of ready-mix concrete in the construction industry is likely to open new opportunities for the waterproofing admixture market.
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The global market for waterproofing admixture has witnessed growth in the past few years. Growth in housing and construction activities in the developing countries coupled with rising economy has driven the waterproofing admixture market in the recent years. Asia Pacific is projected to hold major share of the global waterproofing admixture market duringthe forecast period.The waterproofing admixture market in the Middle East &Africa is also expandingat a fast pace due to infrastructural development. The market in thisregion is expected to exhibit positive growth trend in the next few years. The waterproofing admixture markets in developed regions such asNorth America and Europe witness comparativelylow CAGR. Sluggish economic growth in these regions accounts for slow growth of the waterproofing admixture market.
Some of the major manufacturers of waterproofing admixture include Fosroc International Limited, Sika AG, Hycrete, Inc., AQUAFIN Inc., Kryton International Inc., Dow Corning Corporation, Cico Technologies Limited, Xypex Chemical Corporation, W. R. Grace and Company, and RPM International Inc.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
• North America
• Asia Pacific
• Middle East and Africa
• Latin America
This report provides comprehensive analysis of
• Market growth drivers
• Factors limiting market growth
• Current market trends
• Market structure
• Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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