Waterproofing Admixture Market Size (2024 - 2029)

The waterproofing admixture market is experiencing growth driven by rapid urbanization and the rising demand for effective waterproofing solutions, particularly in developing countries. Despite challenges such as supply chain disruptions during the COVID-19 pandemic and limited technical knowledge in some regions, the market is recovering and expected to expand. The Asia-Pacific region is anticipated to lead in market size, benefiting from increased research and development in the construction industry, which is likely to offer new opportunities for market expansion.

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Market Size of Waterproofing Admixture Industry

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Waterproofing Admixture Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

Waterproofing Admixture Market Key Players

*Disclaimer: Major Players sorted in no particular order

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Waterproofing Admixture Market Analysis

The Global Waterproofing Admixture Market is projected to register a CAGR of over 5% during the forecast period (2022-2027).

COVID-19 outbreak negatively impacted the market in 2020. The COVID-19 pandemic affected the waterproofing admixture market because of disruption in the supply chain. During the pandemic, many factories responsible for raw material production for waterproofing admixture were shut down. However, the market started recovering in 2021 and it is expected to reach its pre covid level during the forecasted period.

  • Over the short term, rapid urbanization in developing countries and rising demand for effective waterproofing solutions are some of the driving factors stimulating the market demand.
  • Already established advanced infrastructure in developed countries and lack of technical knowledge about waterproofing admixture usage, are the factors that are hindering the market's growth.
  • Increasing R&D for new product development in the construction industry is likely to create opportunities for the market in the coming years.
  • The Asia-Pacific region is expected to dominate the market and will also witness the highest CAGR during the forecast period.

Waterproofing Admixture Industry Segmentation

A waterproofing admixture is a water repellent material. It is a form of admixture that blocks the water passage through the hardened concrete. It has properties such as hydrophobic and pore-blocking which can react with other materials in the cement hydration process. The final product resists external water and decreases absorption into the concrete. The waterproofing admixture market is segmented by type, application, and geography. By type, the market is segmented into crystalline, pore-blocking, and other types. By application, the market is segmented into residential, commercial, infrastructure and industrial and institutional. The report also covers the market size and forecasts for the waterproofing market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD Million).

Type
Crystalline
Pore-blocking
Other Types
Application
Residential
Commercial
Infrastructure
Industrial and Institutional
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Waterproofing Admixture Market Size Summary

The waterproofing admixture market is poised for significant growth, driven by rapid urbanization in developing regions and an increasing demand for effective waterproofing solutions. The market experienced a setback due to the COVID-19 pandemic, which disrupted supply chains and halted raw material production. However, recovery began in 2021, with expectations to return to pre-pandemic levels. The residential sector is anticipated to be the primary application area, fueled by rising disposable incomes and the construction of new residential buildings. The superior properties of waterproofing admixtures, such as reduced maintenance costs and enhanced durability, are expected to further propel market growth. Despite challenges in developed countries, such as established infrastructure and limited technical knowledge, ongoing research and development in the construction industry present new opportunities.

The Asia-Pacific region is projected to dominate the waterproofing admixture market, with China and India leading the charge due to their rapidly expanding economies and construction industries. The region's construction sector is expected to become the largest globally, with significant contributions to global construction spending. China's construction industry, despite a temporary slowdown, has rebounded due to substantial government infrastructure investments. Similarly, India's construction sector is poised for growth, supported by increased infrastructure projects and foreign direct investment. The Japanese construction industry also shows positive short-term growth, driven by residential projects and investments in public infrastructure. The market is partially fragmented, with key players like BASF SE, Sika AG, and MAPEI S.p.A. actively expanding their presence, as evidenced by Sika AG's acquisition of Shenzhen Landun Holding Co., Ltd. in 2021, enhancing its portfolio in the Chinese market.

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Waterproofing Admixture Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rapid Urbanization in the Developing Countries

      2. 1.1.2 Rising Demand for Effective Waterproofing Solutions

    2. 1.2 Restraints

      1. 1.2.1 Already Established Advance Infrastructure in Developed Countries

      2. 1.2.2 Lack of Technical Knowledge with Regard to Waterproofing Admixture Usage

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Crystalline

      2. 2.1.2 Pore-blocking

      3. 2.1.3 Other Types

    2. 2.2 Application

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

      3. 2.2.3 Infrastructure

      4. 2.2.4 Industrial and Institutional

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Waterproofing Admixture Market Size FAQs

The Waterproofing Admixture Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

BASF SE, Sika AG, MAPEI S.p.A, Penetron and W. R. Grace & Co.-Conn. are the major companies operating in the Waterproofing Admixture Market.

Waterproofing Admixture Market Report Snapshots

Waterproofing Admixture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)