Waterproofing Admixtures Market by Type (Pore Blocking Admixtures, Crystalline Admixtures, Densifier), Application (Residential, Commercial, Infrastructure), and Region (Asia Pacific, Europe, North America, MEA, South America) - Global Forecast to 2028
Updated on : August 08, 2024
Waterproofing Admixtures Market
The global waterproofing admixtures market was valued at USD 5.3 billion in 2022 and is projected to reach USD 8.0 billion by 2028, growing at 7.4% cagr from 2023 to 2028. One of the major reasons making an positive outlook for the waterproofing admixtures market is the mounting urbanization in various countries worldwide, rising infrastructural developments in several countries such as China, and eco-sociable construction practices. Also, the technological advancements in construction industry is pushing the market. Due to these reasons, the consumption of waterproofing admixtures is grown significantly.
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Waterproofing Admixtures Market Dynamics
Driver : Mounting urbanization
Mounting urbanization is expected to drive the waterproofing admixtures market as it leads to increased demand for infrastructure development, including roads, bridges, tunnels, and buildings. The increasing urban landscapes translate into a proliferation of residential, commercial, and industrial buildings. Moreover, these structures require reliable waterproofing solutions to protect them from water damage and extend their lifespan. Thus, the mounting urbanization will drive the waterproofing admixtures market globally.
Restraints : Incomplete market awareness
The inhibited acceptance of waterproofing admixtures can be recognized to the general lack of awareness and education within the property owners and construction industry concerning the benefits of these specialized construction materials. For instance, in a recent survey by a prominent association, only 30% of surveyed construction professionals indicated that they regularly incorporate waterproofing admixtures into their projects. Likewise, the incomplete awareness in market is the restraint for waterproofing admixtures market.
Opportunities : Technological developments in construction industry
The evolution of 3D printing technology in construction industry present significant opportunities for the waterproofing admixture market. In the realm of 3D printing, the ability to construct intricate and customized structures introduces new challenges in ensuring long-term durability and waterproofing. Waterproofing admixtures play a crucial role in enhancing the resilience of 3D-printed structures by preventing water penetration and potential damage. As these types of innovations advance, the demand for effective waterproofing solutions will likely grow, presenting a promising avenue for the continued growth of the waterproofing admixture industry.
Challenges : Complications in guaranteeing product consistency and performance
In the field of construction, to maintain the product consistency and performance of waterproofing admixtures are very complicated. It is one of the major challenge of manufacturers as construction projects become more demanding and diverse. They have to ensure that their admixtures consistently meet high-quality standards and deliver the expected level of waterproofing performance. The challenge lies in adopting variations in the manufacturing process, sourcing of raw materials, and external factors that can impact product quality. Thus, the complications in guaranteeing product consistency and performance is the major challenge of waterproofing admixtures market.
Waterproofing Admixtures Market Ecosystem
Prominent companies in this market include well-established, financially stable manufacturers of waterproofing admixtures. These companies have been in business for a while and have a broad range of products, cutting-edge technologies, and robust international sales and marketing networks. Prominent companies in this market 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.
Based on type, crystalline admixtures are projected to register highest CAGR, in terms of value, during the forecast period.
Due to its effectiveness and adaptability to restrict the entering water into concrete, crystalline admixtures have attracted a lot of interest and are becoming more and more popular in a variety of industries. Moreover, they remains chemically active within the concrete and has ability to seal the additional gaps up to a certain size and extent as they occur. Therefore, crystalline admixtures has the potential to fulfill the need of end-users more effectively and thus it is projected to be the fastest growing segment of waterproofing admixtures market.
Based on application, residental was the second-largest segment for waterproofing admixtures market, in terms of value, in 2022.
The residential sector claims the position of the second-largest application in the waterproofing admixtures market due to a confluence of factors. The surge in residential construction, fueled by ongoing urbanization and escalating housing demands, propels a consistent need for waterproofing solutions. Growing awareness among homeowners regarding the long-term benefits of waterproofing admixtures, such as shielding homes from leaks, dampness, and mold, fosters their widespread adoption. Crucially, the application of these admixtures in residential construction serves as a preventive measure against potential structural damage caused by water, encompassing issues like foundation damage and mold growth.
“Asia Pacific accounted for the largest market share for waterproofing admixtures market, in terms of value, in 2022”
Asia Pacific is a promising market for waterproofing admixtures for several reasons, including the rising the disposal income in this region, low labour cost of construction workers, and mounting urbanization and infrastructural projects in developing countries such as China, India, South Korea, and Indonesia. Moreover, the major manufacturers has the manufacturing plants in this region. Thus, the Asia Pacific accounts the largest share of global waterproofing admixture market.
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Waterproofing Admixtures Market Players
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 are the key manufacturers that secured major market share in the last few years.
Waterproofing Admixtures Market Report Scope
Report Metric |
Details |
Years considered for the study |
2017–2028 |
Base year considered |
2022 |
Forecast period |
2023–2028 |
Units considered |
Volume (Kiloton) and Value (USD Million) |
Segments covered |
Type, Application, and Region |
Regions covered |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
Companies profiled |
The key players profiled in the 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. |
This report categorizes the global Waterproofing Admixtures market based on type, application, and region.
On the basis of type, the waterproofing admixtures market has been segmented as follows:
-
Pore Blocking Admixtures
- Fatty Acids
- Silanes/ Siloxanes
- Waxes
-
Crystalline Admixtures
- Calcium Hydroxide-based
- Other Minerals
- Clay-based Admixtures
-
Densifier
- Silicates
- Others
On the basis of application, the waterproofing admixtures market has been segmented as follows:
- Residential
- Commercial
- Infrastructure
On the basis of region, the waterproofing admixtures market has been segmented as follows:
- Asia Pacific
- Europe
- North America
- Middle East & Arica
- South America
Recent Developments
- In May 2023, Sika has completed the acquisition of MBCC Group after having received all necessary regulatory approvals.
- In September 2022, Saint-Gobain acquired GCP Applied Technologies, which will be seamlessly integrated into Chryso Inc.. It is a subsidiary within Saint-Gobain's High Performance Solutions segment, enhancing the company's comprehensive offerings in this domain.
- In July 2022, Mapei S.p.A. expanded its presence in India with the inauguration of its third factory in Kosi, Mathura, demonstrating a strong commitment to serving the growing construction market in the region.
- In July 2023, Fosroc Inc. opened its third experience centre in India, located at the Bengaluru Head Office on Infantry Road.
Frequently Asked Questions (FAQ):
Which are the major players in waterproofing admixtures market?
The key players profiled in the 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.
What are the drivers and opportunities for the waterproofing admixtures market?
The mounting urbanization in various countries is the major driver for this market.
What are the various strategies key players are focusing within waterproofing admixtures market?
New product launches, expansion and partnership are some of the strategies adopted by key players to expand their global presence.
Question4
The market is projected to grow at a CAGR of 7.4%, in terms of value, during the forecast period.
What are the major factors restraining waterproofing admixtures market growth during the forecast period?
Incomplete market awareness is expected to restrict the market demand. .
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The study involved four major activities in estimating the market size for waterproofing admixtures. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Primary Research
The waterproofing admixtures market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the pore blocking admixtures, crystalline admixtures, and densifiers. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Breakdown of Primary Participants
Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.
Other designations include consultants and sales, marketing, and procurement managers.
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COMPANY NAME |
DESIGNATION |
Sika AG |
Senior Manager |
Saint-Gobain S.A. |
Innovation Manager |
Mapei S.p.A. |
Vice-President |
Fosroc, Inc. |
Production Supervisor |
Penetron |
Sales Manager |
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the waterproofing admixtures market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry have been identified through extensive secondary research.
- The supply chain of the industry has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Waterproofing Admixtures Market: Bottom-Up Approach
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Waterproofing Admixtures Market: Top-Down Approach
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the waterproofing admixtures industry.
Market Definition
According to ScienceAlert, “waterproofing admixtures are a type of chemical admixture that is added to concrete during the mixing process to improve its water resistance. They work by either blocking pores in the concrete or by making the concrete itself more hydrophobic (water-repellent). Waterproofing admixtures are used in a variety of applications, including foundations, basements, roofs, parking garages, and swimming pools.
Key Stakeholders
- Waterproofing admixtures manufacturers
- Waterproofing admixtures suppliers
- Raw material suppliers
- Service providers
- Application sector companies
- Government bodies
Report Objectives
- To define, describe, and forecast the Waterproofing admixtures market in terms of value and volume
- To provide detailed information regarding the drivers, opportunities, restraints, and challenges influencing market growth
- To estimate and forecast the market size by type, application, and region
- To forecast the size of the market for five main regions: Asia Pacific, Europe, North America, South America, and the Middle East & Africa, along with their key countries
- To strategically analyze micromarkets1 with respect to their growth trends, prospects, and contribution to the overall market
- To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders
- To analyze competitive developments, such as deals and expansions, in the market
- To analyze the impact of the recession on the market
- To analyze the impact of COVID-19 on the market and end-use industries
- To strategically profile key players and comprehensively analyze their growth strategies
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country or additional application type
Company Information
- Detailed analysis and profiles of additional market players (up to five)
Growth opportunities and latent adjacency in Waterproofing Admixtures Market