(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Feb. 13, 2024 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets's offering.
In terms of value, the waterproofing admixtures market is estimated to grow from USD 5.3 billion in 2022 to USD 8.0 billion by 2028, at a CAGR of 7.4%
This report segments the market for waterproofing admixtures based on type, application, and region and provides estimations of volume (Kiloton) and value (USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, key strategies, associated with the market for waterproofing admixtures.
The growing demand for infrastructure development worldwide is driving the waterproofing admixtures market. Waterproofing admixtures offer several advantages for infrastructure projects, such as improved durability, reduced maintenance costs, and improved safety.
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..
Crystalline admixtures are estimated to be the largest type of waterproofing admixtures, in terms of value, during the forecast period.
The demand for crystalline admixtures are probable to undergo significant growth, mainly due to their exceptional water-stopping performance. These admixtures create a robust network of crystals within the concrete, effectively sealing even the tiniest cracks and pores, ensuring prolonged protection against water intrusion.
Their noteworthy self-healing capabilities set them apart, reacting with moisture over time to generate new crystals that repair minor concrete damage. Recognized for their durability and resistance to various environmental stresses, such as chemicals and extreme temperatures, crystalline waterproofing admixtures emerge as a sustainable and environmentally friendly option.
Commercial is expected to be the largest application of the waterproofing admixtures market, in terms of value, during the forecast period.
The commercial application in the waterproofing admixture market is projected to experience speedy growth. This is driven by a surge in demand for commercial buildings worldwide, fueled by factors such as urbanization, population growth, and economic development. Commercial buildings, being more valuable than their residential counterparts, prompt owners to invest in high-quality waterproofing solutions to safeguard their assets.
Additionally, the increasing adoption of crystalline waterproofing admixtures enhances the effectiveness of waterproofing solutions in complex commercial building requirements..
Europe is projected to be the second-largest region, in terms of value, during the forecast period in the waterproofing admixtures market.
Stringent building codes and regulations mandated by the European Union further contribute to market growth by necessitating the use of waterproofing admixtures across diverse applications.
Also, the region's significant demand for waterproofing solutions stems from its extensive and aging infrastructure, encompassing roads, bridges, and tunnels, emphasizing the need to protect and extend the lifespan of these structures. Accordingly, the Europe is projected to be the second-largest region of the waterproofing admixtures market during the forecast period.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on waterproofing admixtures offered by top players in the global market Analysis of key drives: (growing infrastructural projects, mounting urbanization, and eco-sociable construction practices), restraints (price evaluation of waterproofing admixtures vs conservative methods, and partial marketplace awareness), opportunities (evolving technologies in construction), and challenges (superiority assurance trials, and complications in safeguarding product quality & performance) influencing the growth of waterproofing admixtures market Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the waterproofing admixtures market Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for waterproofing admixtures across regions Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global waterproofing admixtures market Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the waterproofing admixtures market
CONTACT: CONTACT: ResearchAndMarkets Laura Wood,Senior Press Manager ... For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900