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.
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.
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