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 demand for waterproofing admixture goods in applications of construction sectors including residential, commercial, and infrastructure has been driven by mounting urbanizations, growing infrastructural development, and eco-sociable construction practices.
Waterproofing Admixtures Manufacturers:
The key players profiled in the waterproofing admixtures market 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. These companies have reliable manufacturing facilities as well as strong distribution networks across key regions, such as North America, Europe, Asia Pacific, and the Middle East & Africa. They have an established portfolio of reputable products and services, a robust market presence, and strong business strategies.
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Based on type, the waterproofing admixtures market are segmented as pore blocking admixtures, crystalline admixtures, and densifier. Crystalline admixtures accounted for largest market share, in terms of value, in 2022. Crystalline admixtures is further sub-segmented into calcium hydroxide-based, other minerals, and clay-based admixtures. From them calcium hydroxide based crystalline waterproofing admixtures are the most commonly used. Due to their adaptability and effectiveness to restrict the penetrating water into concrete, crystalline admixtures have drawn attention. They are used in many different applications such as residential, commercial, and infrastructure.
Based on application, the waterproofing admixtures market is segmented as residential, commercial, and infrastructure. From them commercial accounted for the largest market share in waterproofing admixtures market, in terms of value, in 2022. Because, the waterproofing helps commercial buildings withstand exposure to rain, freeze-thaw cycles, and other weather-related challenges. This will eventually reduce their restoration cost for water-leakage. Also, manufacturers are encouraged to invent new waterproofing admixtures for commercial sector.
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Based on region, Asia Pacific dominated the waterproofing admixtures market, in terms of both value and volume, in 2022 due to the development of applications, strong economic growth and rising disposable incomes favorable government regulations, and growing demand from commercial sector.Thus, the demand for waterproofing admixtures is increased. Likewise, the Asia Pacific is projected to be the fastest growing market, in terms of value, during the forecast period 2023 to 2028.
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