Market Size of Waterproofing Admixture Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Waterproofing Admixture Market Analysis
The Global Waterproofing Admixture Market is projected to register a CAGR of over 5% during the forecast period (2022-2027).
COVID-19 outbreak negatively impacted the market in 2020. The COVID-19 pandemic affected the waterproofing admixture market because of disruption in the supply chain. During the pandemic, many factories responsible for raw material production for waterproofing admixture were shut down. However, the market started recovering in 2021 and it is expected to reach its pre covid level during the forecasted period.
- Over the short term, rapid urbanization in developing countries and rising demand for effective waterproofing solutions are some of the driving factors stimulating the market demand.
- Already established advanced infrastructure in developed countries and lack of technical knowledge about waterproofing admixture usage, are the factors that are hindering the market's growth.
- Increasing R&D for new product development in the construction industry is likely to create opportunities for the market in the coming years.
- The Asia-Pacific region is expected to dominate the market and will also witness the highest CAGR during the forecast period.
