WATERPROOFING ADMIXTURE MARKET ANALYSIS
Waterproofing Admixture Market Outlook – Increasing Demand for Durable and Waterproof Materials Expected to Boost Demand
Increasing demand for waterproof products in the construction industry is one of the major factors boosting the growth of waterproofing admixture market. Asia Pacific is one of the major contributors in the market. This mainly attributed to the rapidly growing urbanization and modern infrastructural needs in the emerging economies such as India and China in the region. In 2016, the construction industry in China exhibited a growth of 17% which was greater than 5% as compared to 2015. According to India Brand Equity Foundation (IBEF)—part of the Department of Commerce, Ministry of Commerce and Industry, Government of India—the Indian construction industry is expected to grow to US$ 5 billion by 2022. From April 2000 to March 2016 the infrastructure and construction development in India received foreign direct investment valued at US$ 25.19 billion. This trend is expected to be followed over the forecast period (2016–2024).
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