Waterproofing Admixture Market to Rise at a CAGR of 7.9% due to Growing Construction Activities – TMR
ALBANY, New York, January 23, 2019 / PRNewswire / –
Transparency Market Research (TMR) witnesses the global waterproofing admixture market has a highly consolidative vendor landscape. Some of the companies operating in the global waterproofing admixture market are SIKA AG, CEMEX, Mapei SpA, and BASF SE. These companies are focusing on developing and developing strategic strategies for the development of Asia Pacific.
According to TMR, the global waterproofing admixture market is expected to reach a value of US $ 4.9 by the end of the year 2024 rising with a CAGR of 7.9% over the forecast period of 2016 and 2024. Based on the region, Asia Pacific dominates the market and is expected to dominate the market over the forecast period. 64% of the share by the end of 2024. Request a Sample of Global Waterproofing Admixture Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7436
Advantages of Using Waterproofing Admixtures to Propel its Demand
Waterproofing admixtures reduce the permeability of water and water into concrete. Waterproofing admixtures enhance toughness and lower the maintenance cost for some time, which is increasingly demanding for the waterproofing admixture. Additionally, the material is used for the construction of a new building.
Increasing disposable income coupled with growing expenses on the development of the existing residential and professional premises is playing a significant role in the growth of the global waterproofing admixtures market. Additionally, growing advancement in the new multifamily residential schemes is the growth of admixtures and is expected to fuel the growth of the market. The aforementioned factors are expected to continue to increase the market over the forecast period.
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Strict Government Regulation on Waterproofing Methods for Lowering VOCs to Restrain Growth
In addition to these factors, there are certain restrictions on the emission of VOCs and carbon dioxide. Additionally, customer satisfaction is a major concern in the developing regions is the growth of the global waterproofing admixtures market. Furthermore, regular waterproofing techniques are limiting the growth of the global waterproofing admixtures market. Nonetheless, growing acceptance from manufacturers of the customizing waterproofing admixtures which are offering lucrative opportunities for growth of the global waterproofing admixtures market.
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TMR, entitled “Waterproofing Admixture Market (Product – Crystalline and Pore-blocking; Application – Residential, Commercial, and Infrastructure) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024. ”
For the study, the waterproofing admixture market has been segmented as follows:
- North America
Rest of Europe
- Asia Pacific
Rest of Asia Pacific
- Latin America
Rest of Latin America
- Middle East & Africa
Rest of Middle East & Africa
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