What is Waterproofing Admixture?
Waterproofing admixtures are porous substances that absorb water and pollutants found in water. Hydrophobic and pore-blocking chemicals react with cement hydration byproducts to create a hydrophobic compound that resists external water and reduces absorption into the concrete. Waterproofing admixture shields buildings against deterioration. They extend durability and lower maintenance expenses. Different admixtures are used for a structure's various components, such as the basement, walls, or roof, as well as for various geographic regions, structural purposes, and climatic circumstances. It is widely used in construction and infrastructure development. Robust expansion in the building and construction sector, as well as the development of countries, are driving the global waterproofing admixture market.
Here is the driving factor that increases the opportunity for the waterproofing admixture market:
Expansion in the building and construction sector:
The market for waterproofing admixture to the construction sector is fueled by urbanization, industrialization, a growing population, and net income. The rise in construction projects like infrastructure development, industrial units, and residential project, rises the demand for waterproofing admixtures. Infrastructure development like bridges, airports, roads, and railways, stimulates the growth of the construction industry and expands the waterproofing admixtures market. Waterproofing admixtures play a vital role in ensuring the durability, and quality of construction materials. Increasing R&D activities witnessing the growth of the market due to the rise in the use of advanced composition materials, and the adoption of high-performance concrete. Urbanization and population growth led to increasing residential housing and infrastructure projects. As well as the renovation of existing projects also increases, expanding the waterproofing admixtures market. Moreover, focus on sustainable construction structure, propel the market’s growth.
Here is a restraining factor that may hinder the growth of the waterproofing admixture market:
High Inflation Rate:
The high inflation rate increases the manufacturing cost of construction materials and decreases the demand for waterproofing admixture. As per a news release in economics times, construction costs have risen by 28% and the cost of construction chemicals by 32% since the pre-pandemic level, which may decline the demand for construction materials and hence waterproofing admixture. Due to inflation, there is an increase in the prices of raw materials like Bitumen, Mineral Oil, Fatty acid, Fine Wax, Fine Wax Emulsion, and Silanes used in the manufacturing of waterproofing admixture, which may hamper the growth of the waterproofing admixture market. The increasing cost of production increases the price of a material projected to hinder the development of the waterproofing admixture market.
Increasing focus on durable and sustainable construction practices, coupled with the rising need for waterproofing admixture drives the growth of the waterproofing admixture market. Increasing growth in construction and infrastructure due to increasing income, rising population, urbanization, and industrialization, increases the demand for construction chemicals like waterproofing admixture. Increasing manufacturing costs due to a high inflation rate may hamper market growth.
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