Transparency Market Research has published a new report titled “Waterproofing Admixture Market for Residential, commercial, and Infrastructure– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024.” According to the report, the global waterproofing admixture market was valued at US$ 2.52 Bn in 2015 and is likely to reach US$ 4.95 Bn in 2024, expanding at a CAGR of 7.9% between 2016 and 2024.
Asia Pacific accounted for more than 55% share of the global waterproofing admixture market in 2015. Rising urbanization, increasing disposable income and increasing demand for residential projects has been the prominent factor driving the waterproofing admixture market in Asia Pacific. Rising demand for eco-friendly sustainable product and rising product awareness are some of the other factors propelling the market in the region. Europe combined with North America held more than 15% share of the total consumption of waterproofing admixture in 2015. The waterproofing admixture markets in these regions are anticipated to exhibit stable growth during the forecast period.
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Middle East & Africa is projected to be a beneficial market for waterproofing admixture by 2024. Growth of residential, commercial and infrastructure sector in the region is stronger as compared to that in North America and Europe. Further rising product awareness across the region is anticipated to propel the demand for waterproofing admixture in Middle East & Africa during the forecast period.
Europe accounted for low market share in 2015. Countries such as Spain and Italy are expected to provide considerable growth opportunities in the near future. Rising number of refugees, immigrants coupled with increasing demand for sustainable products are some of the factors fuelling the waterproofing admixture market in the region. Consumption of waterproofing admixture was high in China followed by India in Asia Pacific in 2015. Rising population, rising investment in residential projects, rapid urbanization coupled with increasing demand for sustainable building material is projected to boost waterproofing admixture market in China during the forecast period. ASEAN is also anticipated to provide substantial growth opportunities for the market in the next few years. However, in Asia Pacific dependency on conventional waterproofing technologies and low product awareness are estimated to hamper market growth.
In terms of country, the U.S constituted significant share of the global waterproofing admixture market in 2015. Residential and commercial sector have been the primary end-use application of waterproofing admixture in the recent past. Stringent regulations on carbon emission, VOC emissions and surge in residential construction are some of the factors driving the market in the region. Furthermore, increase in demand for LEED (Leadership in Energy and Environmental Design) certified building in the country is estimated to drive the demand for waterproofing admixtures in the U.S.
Latin America is projected to be a beneficial market for waterproofing admixture by 2024, as it is a growing region. Rising residential projects and rising infrastructure sector in the region is projected to propel the demand for waterproofing admixture in Latin America during the forecast period.
Major companies operating in the market include Sika AG, BASF SE, Wacker Chemi AG, Mapei S.p.A, CEMEX S.A.B. de C.V, Fosroc International Ltd., ICS Penetron International Ltd, and W. R. Grace & Co.-Conn.
The waterproofing admixture market has been divided into the following segments:
Waterproofing Admixture Market – Product Type Analysis
Waterproofing Admixture Market – Application Type Analysis
Waterproofing Admixture Market – Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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