Global Waterproofing Admixture Market, By Type (Crystalline, Pore Blocking, Others), By Application (Building & Construction, Public Infrastructure, Commercial Space), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The waterproofing admixture market size was valued at US$ 3.9 Bn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.8% from 2020 to 2028.
Waterproofing admixture can be interpreted as a permeable substance usually utilized as a construction substance for lowering water porousness. These admixtures diminishes water porosity by several ways, which comprises diminution in the extent of capillary apertures, their numbers, and continuance in the interior of the concrete framework or by obstructing the capillary apertures of concrete, or it is likely to queue the capillary apertures with hydrophobic substances.
Waterproofing admixture finds its applications in a comprehensive range of applications such as public infrastructure, building & construction, and commercial space amongst others, owing to which, the waterproofing admixtures witness high demand across the global markets. Thus, the global waterproofing admixtures market is projected to rise significantly in the forthcoming years.
As a matter of fact, the ever-evolving requirement for endurable infrastructure has paved its way to the high demand for innovative solutions across the globe. In this outline, sound waterproofing solutions propose a vital aspect for secure and strong construction. These waterproofing admixtures provide elevated floor strength and stability and minimum maintenance cost. Attributing to which, the global waterproofing admixtures market is estimated to witness massive breakthroughs over the forecast period.
In addition to that, the rapid urbanization across the world has also propelled the construction industry in the present day and age which has positively influenced the demand of waterproofing admixtures worldwide. Thus, the global waterproofing admixtures market is expected to boost rapidly in the given timeframe.
However, some of the restraining factors like low cement production and logistic issues are likely to hold back the growth of the global waterproofing admixtures market to the limits across the global markets in the coming years.
MMC Study identifies some of the key participating players in the waterproofing admixture market globally are BASF SE, W.R. Grace, RPM International, Sika A.G., Fosroc International, Dow Corning Corporation, Wacker Chemie A.G, Xypex Chemical Corporation, Evonik A.G., Mapei S.p.A, and Pidilite Industries, among others.
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