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Integral Waterproofing Compound Market Will Generate New Growth Opportunities

Posted by bisrsrch on July 16th, 2020

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.

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.

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The competitive landscape of the global integral waterproofing compound market includes different strategies undertaken by the manufacturers to gain a significant market presence. Some of the strategies that have been adopted by the manufacturers are expansions, product launches, and partnerships, and collaborations. Among all the strategies, business expansions and product launches dominated the competitive landscape during 2016-2019, making them the most widely adopted growth strategies by integral waterproofing compound manufacturers.

The key players operating in this market have increasingly expanded their businesses to increase their reach in the market. Out of the total development strategies, 25% of the development strategies have been business expansions. Driven by the moderate growth of the construction industry, many important players, such as BASF SE, Sika AG, and Arkema, invested in expanding their business between 2016 and 2019. For instance, in April 2016, Arkema expanded its production facility in Philippines to cater to the growing demand in the Asia-Pacific region. 

Also See: Waterproofing Compound, Integral Waterproofing, Residential Construction, Construction Industry, Waterproofing, Market, Integral

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