Integral Waterproofing Compound Market Future Demand And Growth Analysis with Forecast up to 2024
An integral waterproofing compound is one of the significant admixtures used in the construction industry. The major types of integral waterproofing compounds are liquid-based and powder-based compounds. The demand for integral waterproofing compounds has grown rapidly because of their benefits such as water retention, corrosive resistance, reduced shrinkage, and improved workability. This growth in the demand for both types of compounds is expected to continue in the forecast period 2019 to 2024. As the construction industry is growing at a moderate rate, manufacturers are looking toward to exploring new chemicals, which are sustainable and can be used in the production of integral waterproofing compounds.
The global integral waterproofing compound market is growing at a moderate pace, owing to the enhanced functionality and low prices. The level of functionality required in the construction industry determined by the type of end use; for example, in terms of whether it is for residential construction, non-residential construction, and civil engineering. Moreover, the variety of compounds available for different end use has increased in the recent years, and thus there are options for compound that offer strength, durability, flexibility, workability, corrosion resistance, and cohesiveness.
The growth in the integral waterproofing compound market can be attributed to the increasing demand from various end uses such as new residential construction, new non-residential construction, new civil engineering, non-residential construction renovation, civil engineering renovation and residential construction renovation. In addition, increasing use of integral waterproofing compound in the construction industry due to increasing construction activities in developing countries such as China, India, South Korea, Brazil, and South Africa has further given rise to the demand for integral waterproofing compound in the construction sector, globally. Furthermore, rise in investment to develop transport infrastructure globally has increase the demand for integral waterproofing compound in the recent years.
The construction industry has been significantly developing since 2010, and most of the development has been attributed to technological advancements in this field. The ecosystem of the integral waterproofing compound market for the 3D printing industry comprises raw material suppliers, manufacturers, and end users. The market is in mature state with China in the forefront followed by Asia-Pacific, Middle East and Africa, Europe, North America, South America, and the U.K.
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Some of the factors behind the expansion of the global integral waterproofing compound market are increasing residential construction activities to accommodate growing population in developing countries and increased development in the transportation industry to provide seamless and congestion-less transportation to the population. However, less awareness is a major factor inhibiting the market growth.
A liquid integral waterproofing compound is used in all types of concrete and mortar, because it helps in increasing the impermeability of structure. The liquid-based integral waterproofing compound is ready to use and can be easily dispersed in the mixture. The use of liquid-based integral waterproofing compound help in obtaining superior strength. In addition, due to increased permeability, it helps in complete hydration of cement. Furthermore, as these compounds are chloride-free, they can be used with any kind of cement including sulphate resistance cement. Advantages such as increase in water tightness to a great degree, better finish due to reduced shrinkage, improved workability, and low rebound loss have led to an increase in the consumption of liquid-based integral waterproofing compound.