PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1389904
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1389904
Scope of the Report | |
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Years Considered for the Study | 2017-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Units Considered | Volume (Kiloton) and Value (USD Million) |
Segments | Type, Application, and Region |
Regions covered | Asia Pacific, North America, Europe, Middle East & Africa, and South America |
In terms of value, the waterproofing admixtures market is estimated to grow from USD 5.3 billion in 2022 to USD 8.0 billion by 2028, at a CAGR of 7.4%. The growing demand for infrastructure development worldwide is driving the waterproofing admixtures market. Waterproofing admixtures offer several advantages for infrastructure projects, such as improved durability, reduced maintenance costs, and improved safety.
"Crystalline admixtures are estimated to be the largest type of the waterproofing admixtures, in terms of value, during the forecast period."
The demand for crystalline admixtures are probable to undergo significant growth, mainly due to their exceptional water stopping performance. These admixtures create a robust network of crystals within concrete, effectively sealing even the tiniest cracks and pores, ensuring prolonged protection against water intrusion. Their noteworthy self-healing capabilities set them apart, reacting with moisture over time to generate new crystals that repair minor concrete damage. Recognized for their durability and resistance to various environmental stresses, such as chemicals and extreme temperatures, crystalline waterproofing admixtures emerge as a sustainable and environmentally friendly option.
"Commercial is expected to be the largest application of the waterproofing admixtures market, in terms of value, during the forecast period."
The commercial application in the waterproofing admixture market is projected to experience speedy growth. This is driven by a surge in demand for commercial buildings worldwide, fueled by factors such as urbanization, population growth, and economic development. Commercial buildings, being more valuable than residential counterparts, prompt owners to invest in high-quality waterproofing solutions to safeguard their assets. Additionally, the increasing adoption of crystalline waterproofing admixtures enhances the effectiveness of waterproofing solutions in complex commercial building requirements..
"Europe is projected to be the second-largest region, in terms of value, during the forecast period in the waterproofing admixtures market."
Stringent building codes and regulations mandated by the European Union further contribute to market growth by necessitating the use of waterproofing admixtures across diverse applications. Also, the region's significant demand for waterproofing solutions stems from its extensive and aging infrastructure, encompassing roads, bridges, and tunnels, emphasizing the need to protect and extend the lifespan of these structures. Accordingly, the Europe is projected to be the second-largest region of waterproofing admixtures market during the forecast period.
The key players profiled in the report 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..
Research Coverage
This report segments the market for waterproofing admixtures based on type, application, and region and provides estimations of volume (Kiloton) and value (USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, key strategies, associated with the market for waterproofing admixtures.
Reasons to Buy this Report
This research report is focused on various levels of analysis - industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the waterproofing admixtures market; high-growth regions; and market drivers, restraints, and opportunities.
(Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Key strengths, Strategic choices, and Weaknesses and Competitive threats)**