Concrete Waterproofing Admixtures Is Fastest Growing Segment Fueling The Growth Of Waterproofing Admixture Market

 

The global Waterproofing Admixture Market is estimated to be valued at US$ 4.66 Bn 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 admixtures are increasingly being used for concrete construction projects owing to their advantages such as water repellency, permeability reduction, durability enhancement and freeze-thaw resistance. Being non-toxic and easy to use, waterproofing admixtures are suitable for both residential and commercial constructions.

Market key trends:

Concrete waterproofing admixtures are emerging as the largest and fastest growing product category in the global waterproofing admixture market. This is majorly attributed to their increased usage in all types of construction projects including bridges, tunnels, basements, structures etc. for enhancing concrete protection. Their ability to self-seal fine cracks up to 0.4mm wide and prevent water penetration through cured concrete makes them a preferred choice over other segments. Moreover, the development of bio-based and green concrete waterproofing formulations is expected to further fuel their demand in the upcoming years.

Segment Analysis

The global waterproofing admixture market is segmented based on type and application. Based on type, the market is segmented into crystalline, pore-blocking, and others. The pore-blocking segment accounted for the highest market share in 2022 owing to its ability to fill microscopic pores, cracks, and capillaries effectively. Pore-blocking waterproofing admixtures fill the pores and act as a barrier to water ingress.

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 demand for green buildings and infrastructure. Regional analysis
Asia Pacific dominated the global waterproofing admixture market in 2022 and is estimated to witness the highest growth over the forecast period. The growing construction industry in countries such as India and China is driving the demand for waterproofing admixtures in this region.

Key players

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. The global waterproofing admixture market is moderately consolidated with top players accounting for a major market share.

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