Waterproofing Admixture Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Waterproofing admixture reduces the permeability of concrete hence making it waterproof. Concrete waterproofing require waterproofing admixture which consists of water-repellent or hydrophobic chemicals that are derived from soaps, vegetable oils, fatty acids and petroleum. These materials when mixed with concrete form a water-repellent layer alongside pores in the concrete, thus increasing the water resistance. Integral waterproofing offers various advantages increased durability during backfill, resistance to delamination, and decomposition. The demand for waterproofing admixtures is from new construction and also from maintenance and repair activities.
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Waterproofing Admixture Market Outlook – Increasing Demand for Durable and Waterproof Materials Expected to Boost Demand
Increasing demand for waterproof products in the construction industry is one of the major factors boosting the growth of waterproofing admixture market. Asia Pacific is one of the major contributors in the market. This mainly attributed to the rapidly growing urbanization and modern infrastructural needs in the emerging economies such as India and China in the region. In 2016, the construction industry in China exhibited a growth of 17% which was greater than 5% as compared to 2015. According to India Brand Equity Foundation (IBEF)—part of the Department of Commerce, Ministry of Commerce and Industry, Government of India—the Indian construction industry is expected to grow to US$ 5 billion by 2022. From April 2000 to March 2016 the infrastructure and construction development in India received foreign direct investment valued at US$ 25.19 billion. This trend is expected to be followed over the forecast period (2016–2024).
High initial price is one of the restraining factors for the waterproofing admixture market globally. Mergers and acquisitions, developing innovative portfolio are some of the key strategies adopted by the top players in the global waterproofing admixture industry. BASF has developed new admixture sureTEC (Super Retention Technology) that enables concrete manufacturers to gain control over workability between the batching manufacturing plant and the engagement site for more than two hours in hot weather. In 2016, BASF signed an agreement with Henkel to acquire Henkel’s Western European business of waterproofing and tiling. Some of the companies operating in the global 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., and Pidilite Industries.
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