Waterproofing Admixture Market Size Report, Industry Share, Analysis, Growth, 2032

Waterproofing Admixture Industry Prospective:

The global Waterproofing Admixture market size was worth around USD 5.73 billion in 2023 and is predicted to grow to around USD 10.87 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.37% between 2024 and 2032.

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Waterproofing Admixture Market: Overview

Admixture for waterproofing is a porous material that is typically used in buildings to lessen the permeability of water. These admixtures decrease water permeability in several ways, such as by obstructing the concrete's capillary holes, reducing the capillary pores' size, number, and continuity within the structure, or by lining the capillary pores with hydrophobic materials. Admixture for waterproofing is used in many different fields, including commercial space, public infrastructure, and building and construction. The market for water admixtures is primarily driven by rising urbanization, improving buildings, and growing infrastructure needs in developing nations. Global market expansion is also fueled by reduced maintenance costs and longer-lasting floors. Nonetheless, several obstacles exist in various locations, including developed infrastructure, logistical problems, poor cement production, and a lack of investments in the infrastructure sector.

Key Insights

• As per the analysis shared by our research analyst, the global waterproofing admixture market is estimated to grow annually at a CAGR of around 7.37% over the forecast period (2024-2032).
• In terms of revenue, the global Waterproofing Admixture market size was valued at around USD 5.73 billion in 2023 and is projected to reach USD 10.87 billion, by 2032.
• The growing construction sector is expected to drive market growth over the forecast period.
• Based on the type, the crystalline segment is expected to dominate the market during the forecast period.
• Based on the application, the infrastructure is expected to grow at the highest CAGR during the forecast period.
• Based on region, the Asia Pacific is expected to dominate the market during the forecast period.

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Waterproofing Admixture Market: Growth Drivers

Rising usage in residential construction drives market growth

The waterproofing admixture market is expected to be propelled by the residential sector. The middle class's increased disposable income is predicted to fuel the development of more new residential buildings, which will propel the market for waterproofing admixtures. Better qualities of waterproofing admixtures, such as lower maintenance costs and more durability, will propel the industry under investigation. Waterproofing admixtures are used in the residential construction sector to improve the cohesiveness of concrete and prevent water penetration. Aside from these advantages, the waterproofing admixture is particularly helpful in corrosive situations, provides long-lasting protection, and is impervious to tearing or damage during backfill. For instance, by 2050, 68% of the world's population—roughly 50% of people—are expected to live in urban areas, according to the United Nations (UN). The demand for residential construction activities must be in line with the rate of economic and population expansion.

Waterproofing Admixture Market: Restraints

Unskilled labor shortage and unstable economy hinder market growth

Operation of the admixture producing equipment requires trained and experienced staff for additives. The market's ability to grow is, however, hampered by the scarcity of such knowledgeable and experienced workers as well as the high cost of labor. In addition, the prices of the coal and crude oil are what determine the cost of the coal tar and waxes that are utilized in these admixtures. Crude oil prices fluctuated between $92 and $117 between 2006 and 2014, which drives up admixture costs and impedes industry expansion. An unstable economy has an impact on the nation's investment in infrastructure and building projects, which limits the market for waterproofing admixtures. The waterproofing admixture market is directly dependent on the expansion of a nation's infrastructure and construction industry.

Waterproofing Admixture Market: Opportunities

Enhanced sturdiness and minimal maintenance costs offer a lucrative opportunity for market growth

The construction industry's growing need for waterproof products such as capillary absorption, concrete sealers, and pore blocking is a key driver of the waterproofing admixture market's expansion. The market is expanding because of contractors' efforts to reduce the cost of subsequent maintenance while extending the longevity of buildings and civil structures. Additives shield buildings from deterioration, increase the cohesiveness of the concrete and save maintenance costs. The market is expanding as a result of customers' growing awareness of the advantages of protecting their residential buildings with waterproofing admixtures. As a result, the builder or customer has a heavy financial burden for the upkeep of the structure, which can be mitigated by adding a waterproofing additive to the concrete.

Waterproofing Admixture Market: Challenges

Environmental and health concern poses a major challenge to market expansion

There may be health or environmental risks associated with certain of the chemicals used in waterproofing admixtures. The usage of admixtures containing hazardous materials may be restricted by environmental laws and consumer preferences for eco-friendly products, which could spur the creation of substitute formulations.

Waterproofing Admixture Market: Segmentation

The global waterproofing admixture industry is segmented based on type, application and region.

Based on the type, the global waterproofing admixture market is bifurcated into pore blocking, crystalline and others. The crystalline segment is expected to dominate the market during the forecast period. The crystalline formulation comes in a dry, powdery state and is hydrophilic by nature. These formulations are mostly used for swimming pools, wall maintenance, pore blocking, waterproofing and repairing leaky water tanks. These mixtures effectively block moisture channels and guard against damage to concrete. Additionally, crystalline Formulation creates a barrier against water seepage in all directions, allowing the concrete to act as a water barrier. Moreover, even at high hydrostatic pressure, crystalline formulations with self-healing properties may immediately close concrete structure cracks up to half a millimeter in width, keeping out water and chemicals carried by the water.

Based on the application, the global waterproofing admixture industry is segmented into public infrastructure, building & construction and commercial space. The infrastructure is expected to grow at the highest CAGR during the forecast period. Infrastructure projects employ waterproofing admixtures to extend the lifespan and durability of the structure, hence lowering the structure's maintenance costs. Due to their hydrophobic composition, which includes oily and alkane compounds that resist water absorption from the outside and reduce it, they are frequently used in flood systems, sewage and water treatment facilities, bridge construction, and dam construction. The Oxford Economic Report predicts that by 2040, global infrastructure investment will amount to US$ 94 trillion, with Asia accounting for 59% of this need. Throughout the projected period, the waterproofing admixture market will grow as a result of this significant infrastructure expenditure.

Waterproofing Admixture Market Report Scope

Regional Analysis

The Asia Pacific is expected to dominate the market during the forecast period

The Asia Pacific is expected to dominate the market over the forecast period. The largest drivers of the APAC waterproofing additive market's expansion are China and India. The region's demand has been influenced by rapid population increase and rising living standards. Furthermore, the need for waterproofing additives in APAC has increased due to rising consumer spending power and the growing need for sewage systems, bridges, and dams to support such a large population. Pore blocking, concrete sealers, and capillary absorption admixtures are also in high demand in the Asia Pacific region because of the region's rapid urbanization, growing infrastructure, and rise in residential buildings. According to 2020 research by the Indian Brand Equity Foundation (IBEF), India intends to invest US$ 1.4 trillion in infrastructure projects via the National Infrastructure Pipeline (NIP) between 2019 and 2023 to guarantee sustainable development in the nation, which in turn propels the regional market.

Waterproofing Admixture Market: Competitive Analysis

The global waterproofing admixture market is dominated by players like:

• RPM International Inc
• DOW Corning Corporation
• SIKA AG
• Pidilite Industries
• Mapei S.P.A
• Wacker Chemie AG
• BASF SE
• Fosroc International Ltd
• Evonik Industries
• W.R. Grace & Co.

The global waterproofing admixture market is segmented as follows:

By Type

• Pore Blocking
• Crystalline
• Others

By Application

• Public Infrastructure
• Building & Construction
• Commercial Space

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa