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Demand for Waterproofing Admixtures is driven by the growing Construction sector in Developing Economies
Waterproofing admixtures are added to concrete at the time of batch mixing. These are mainly used to prevent concrete floors/structures from water leakages. Waterproofing admixtures exhibits properties such as reduced permeability, increased water resistance, and increased corrosion resistance.
Currently, the demand for waterproofing admixture is driven by the growing construction sector in developing economies. The demand for waterproofing admixtures is mainly driven by growing requirements for housing and infrastructure. It is also influenced by consumer awareness, need for durable and aesthetic civil structure, and other benefits achieved in making concrete structure more economical for contractors and other interest holders.
There are different markets, especially in the Asia-Pacific and Middle East & Africa region, where the demand for waterproofing admixture products is increasing due to rapid urbanization. The increasing purchasing power in developing countries, economic growth, potential infrastructure projects supported by respective governments, and need for quality construction may add to the greater demand in the future for waterproofing admixtures.
The increasing population in Asia-Pacific and the need for improved infrastructure is anticipated to increase the global consumption of waterproofing admixtures. With global population touching seven billion mark in 2012, Asia-Pacific leads with a share of 57% followed by the Middle East & Africa (11%), Europe (11%), North America (8%), and South America (6%) of which, close to 80% of the population resides in developing countries demanding residential housing stock and infrastructure.
The growing population in this region. increases the demand for housing & building structure along with public infrastructure such as water storage tanks, bridges and tunnels, swimming pools, and also commercial spaces such as retail store, shopping malls, and multiplexes, which increase the demand for waterproofing admixture.
The developed countries, such as the U.S., Germany, the U.K., Japan, and other western European countries have established infrastructure for public, commercial, and transport sector. The developed infrastructure in these countries present low prospects for new construction activities and civil structures are built for enduring a lifetime, thus providing low market sizes in terms of volume in the aftermarket.
In the waterproofing admixtures market, products are almost same of every brand. A company needs to develop new products and services to differentiate it with other by using new technology and investing in research and development.
Waterproofing Admixtures Market by Type (Crystalline, Pore Blocking and Others), by Application (Building & Construction, Public Infrastructure, and Commercial Space) - Global Forecast to 2020
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