Waterproofing Admixtures Market Share

APAC Market Statistics

Asia Pacific in waterproofing admixtures market is projected to hold more than 36.4% revenue share by 2037. The rapid urbanization in developing countries such as China, Japan, India, and other Southeast Asia nations is driving the growth. Initiatives taken to elevate living standards are demanding premium-quality construction materials, including waterproofing solutions. Domestic leaders are pushing their R&D to develop more effective and appealing concrete for builders. For instance, in July 2023, Tremco Construction launched Flowscreed Micro for luxurious concrete floors. The durable micro-cement floor topping is designed to blend in with modern architecture. Manufactured in Malaysia, the Flowcrete technology can offer unmatched water resistance while retaining an aesthetic look.

India is presenting lucrative opportunities for the waterproofing admixtures market with its continuously developing construction industry. The new generation of developers is seeking high-quality concrete materials, propelling the growth of water-resistant products. Government initiatives are also playing a vital role in securing a good consumer base for this sector. Issued building safety codes to maintain proper waterproofing and damp restoration are also enhancing the sector. According to the National Building Code, IS 3067, it is necessary to obtain a series of standards for waterproofing and damp proofing on buildings.

Being one of the largest raw material suppliers in the world, China is expected to lead the waterproofing admixtures market. Wide application of water-resistant solutions in large-scale projects including highways and bridges is boosting the demand. The increased population is also forcing the government and individuals to invest in more construction projects. This further inspires international and local industries to offer a variety of waterproofing admixtures as per usage. In June 2024, Sika launched a new plant in Northeast China to produce a broad range of construction products including waterproofing solutions.

North America Market Analysis

The North America waterproofing admixtures market is expected to continue its upward trajectory due to its established real estate industry. The uplifted housing standards of this region surge for elevated designs with smart features. The advanced waterproofing solutions are manufactured to enhance the effectiveness and application methods. This further makes it an essential construction material. The government is now more focused on reducing industrial emissions through innovative admixture formulations. In July 2024, the U.S. Department of Energy established a Cement and Concrete Center of Excellence. Additionally, the plan outlays an investment of USD 9 million to support R&D in producing low-carbon concrete materials. Such initiatives are inflating future development in this market.

The U.S. is projected to experience remarkable growth in the waterproofing admixtures market during the forecast period. This is driven by the rapid expansion in demand for concrete additives. Many global leaders are now showing interest in consolidating their grip in this demanding landscape. In November 2023, Sika increased its production capacity for construction admixtures in this country. This huge manufacturing unit will help Sika to introduce innovative products such as ViscoCrete to console the surging demand.

The increased demand in Canada waterproofing admixtures market is creating greater business opportunities for construction material suppliers. Favorable regulatory strategies regarding construction and industrial developments are fueling the need. The competitive focus on quality and performance is helping companies comply with standards. They are partnering with building material suppliers to spread their products across the country. In November 2022, Dow partnered with ABS Specialty Silicones to distribute its elastomeric waterproof roof coating solutions in the U.S. and Canada.