PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1604473
PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1604473
Global waterproofing admixture market is projected to witness a CAGR of 7.52% during the forecast period 2024-2031, growing from USD 5.52 billion in 2023 to USD 9.86 billion in 2031. The market is experiencing robust growth due to increased demand for water-resistant building materials in residential, commercial, and infrastructure sectors. Waterproofing admixtures protect buildings from moisture penetration, giving them greater durability and sustaining integrity in intensive rain and flood-prone zones. Additionally, rapid urbanization and investment by the global governments in infrastructures and construction, coupled with growing construction activities in emerging economies, have heavily fueled the demand for waterproofing admixtures. The formulation of advancements for admixtures such as cementitious, crystalline, hydrophobic, and other polymer-based admixtures is propelling the markets by increasing efficiency in waterproofing and lowering maintenance costs. Environmental awareness, growing interest in green buildings, and the need for sustainable infrastructure in the construction sector help drive demand for waterproofing admixtures to expand the life cycle of construction projects. Combining all the drivers places the waterproofing admixtures market on track for further growth, while major players are investing in the research and development sector, with new products being released to the market due to higher demand across diversified applications within the construction sector.
For instance, in February 2022, Euclid Chemical launched three new concrete admixtures at the World of Concrete event. An integral finishing admixture, EUCOSHIELD is a ready-to-use liquid admixture designed to be used as an integral finishing aid that prevents rapid moisture loss from the concrete surface by binding the internal water in the pore structure. The other two products are a strength-enhancing admixture, EUCON Eco-Strength, and a liquid integral crystalline waterproofing admixture, Eucon Vandex AM-10L. These advancements reflect a broader trend towards sustainable construction practices prioritizing durability and environmental responsibility, positioning the waterproofing admixture market for continued growth.
Rapid Commercial Real Estate to Expand Market Demand
The growing demand for waterproofing admixtures in commercial real estate significantly drives the market's growth. With the growing requirement for constructing infrastructure projects with greater life span, builders are incorporating waterproofing solutions to prevent water ingress, which can lead to structural damage and increased maintenance costs over time and enhance the durability and longevity of their buildings. The key features of products from these admixtures include decreasing permeability, raising the strength of concrete, and ensuring long-lasting protection against moisture, which further fuels the demand for waterproofing admixtures. Additionally, crystalline waterproofing admixtures contribute to the drive towards sustainability by minimizing the pores of seal, moisture, and hairline cracks associated with construction materials. The key market players are significantly investing in different research and development activities to make the waterproofing admixtures more efficient and environmentally friendly.
For instance, as reported in August 2024, PENETRON ADMIX SB, a crystalline waterproofing admixture by Penetron International Limited, was used to ensure optimal durability of the newly built East water reclamation facility in Clermont, Florida. Surrounded by gently sloping hills in the otherwise flat topography of Florida, Clermont is known as the gem of the hills and is home to around 44,000 people. As a result, much of the local economy centers on tourism, including hotels and retail businesses, with increasing construction activities and a focus on water management.
Technical Advancement and Sustainability to Bolster Market Growth
Technical advancement and sustainability drive the growth of the global waterproofing admixture market. As the construction industry focuses on green practices, the demand for innovative solutions such as waterproofing admixtures products has skyrocketed for less environmental degradation. The latest innovations include hydrophobic pore-blocking admixtures and nanotechnology-based coatings for water resistance with reduced carbon emissions. As the awareness of climate change impacts increases, builders and developers are adopting waterproofing solutions that encourage more sustainable construction practices. As a result, companies are incorporating technological advancement combined with sustainability, fueling the growth of the waterproofing admixtures market.
For instance, in July 2023, Saint Gobian Group launched EnviroMix, the first global range of admixture solutions and services for low-carbon concrete. CHRYSO EnviroMix combines technical performance and carbon footprint reduction. CHRYSO EnviroMix delivers a reduction in CO2 emissions of up to 50% and CHRYSO EnviroMix ULC (Ultra Low-Carbon) provides superior levels of performance and a reduction of more than 50% in the carbon footprint. CHRYSO offers a digital solution for real-time monitoring of CHRYSO Maturix concretes. This product optimizes the rise in compressive strength at an early age in the precast plant or on-site. These solutions give buildings a long life and sustain the world's needs.
Residential Construction Segment to Dominate Market Growth
The residential construction segment drives the growth of the waterproofing admixture market, as compelling features attract builders and homeowners. Concrete admixtures provide durability and increased lifespan, making them essential for residential construction as moisture-related damages are critical and need protection. It works effectively by reducing permeability, which prevents water inrushes that could trigger structural damage and expensive rectifications. Rapid urbanization and infrastructure development further fuel the demand for residential and commercial projects, boosting the demand for waterproofing admixtures.
For instance, in 2023, Mapei Spa supplied Idrocrete KR 1000 watertight admixture to construct Buckley Homes Pitt Street. This admixture was integrated into the Watertight 20PC concrete mix provided by Aggregate Industries from its Leith plant. The Buckley Homes Pitt Street complex features eight luxury one-bedroom apartments, each with south-facing balconies that overlook the Water of Leith path. During the foundation works, site sealants installed Mapeproof AL AP and Mapeproof AL 1200 AP waterproof membranes to protect the building's underground structure. This combination of advanced waterproofing solutions ensures optimal protection against water ingress, enhancing the durability and longevity of residential real estate.
Asia-Pacific to Dominate the Waterproofing Adhesives Market Share
Asia-Pacific is dominant in the waterproofing admixtures market, primarily due to rapid industrialization and vast infrastructure development. China and India have emerged as significant markets in the region. India's real estate sector is expected to expand to USD 5.8 trillion by 2047, contributing 15.5% to the GDP from an existing share of 7.3%. Other factors, such as rapid urbanization and technological advancements, further accelerate the growth of commercial and luxury real estate in this region; increasing demand for waterproof admixtures strengthens residential and commercial real estate, ensuring product integrity and safety.
For instance, in July 2024, according to Sobha Limited, luxury home sales surged by 75%, doubling their share in total housing sales, reflecting growing demand for high-end properties in 2023. By 2030, India's real estate market is expected to reach USD 1 trillion in market size. These all highlight the sector's vital economic role and significant potential for investors. In China, the floor space of commercial buildings sold was 376.36 million square meters, a year-on-year decrease of 0.4 percent, of which the floor space of residential buildings sold increased by 2.7 percent. The sales of commercial buildings were USD 560 billion, up by 8.8%, out of which the sales of residential buildings increased by 11.8%. The Asia-Pacific waterproof admixtures market is likely to grow further due to increasing real estate sales in residential and commercial segments, industrial demands, infrastructure plans, and environment-friendly product demand in the market.
Future Market Scenario (2024 - 2031F)
Stricter building codes and regulations mandating moisture resistance in construction will propel the use of waterproofing admixtures, ensuring compliance.
Innovations in waterproofing admixtures, such as crystalline admixtures with self-healing ability, enhance performance and efficiency. This entices more builders and contractors to opt for these advanced solutions.
The residential construction sector will continue to dominate the market share due to increasing housing demands, particularly in urban areas vulnerable to water-leakage issues.
Rapid urbanization in emerging markets will stimulate demand for new building materials to accommodate growing populations.
Key Players Landscape and Outlook
The competitive landscape of the waterproofing admixture market is characterized by many key players trying to innovate and capture market share. Some of the major players, including BASF SE, Sika AG, and RPM International Inc., are focusing on developing advanced waterproofing solutions that enhance durability and sustainability in construction. Companies invest heavily in the sector concerning research and development related to the products catering to ever-emerging needs to serve such eco-friendly or high-performance materials. The market is developing a trend of multifunctional admixtures to get the benefit of enhancement of strength besides possessing resistant moisture and similar additional benefits, thereby builders with efficient solutions and new companies are entering into the Asia-Pacific markets, which are developing rapidly owing to the urbanization that contributes to increasing the need for demand. Overall, the competitive landscape is dynamic, with continued innovations and a strong thrust toward sustainability that will shape the future of the waterproofing admixtures market. Besides, the waterproofing admixtures market is driven by several companies, spurring growth and innovation. Penetron International Limited is widely known for its various admixtures used in residential buildings, which give out long-lasting strength and quality.
For instance, in July 2024, PENETRON ADMIX, a crystalline waterproofing admixture, a product of Penetron International Limited was utilized at the Epic City Home residential tower in Goiania, Brazil. The tower's below-grade concrete structures and concrete facades were waterproofed with PENETRON ADMIX, a crystalline waterproofing admixture, to ensure durability to protect the below-grade structures from groundwater penetration.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.