North America Below Grade Waterproofing Market Report and Forecast 2024-2032
Below grade waterproofing is crucial in protecting building foundations, basements, and underground structures from water ingress and moisture-related damages. This form of waterproofing plays a vital role in ensuring structural integrity, preventing mould growth, and improving indoor air quality. The North American market, comprising a wide range of products such as membranes, coatings, and sealants, caters to various applications including commercial, residential, and infrastructure projects.
Several factors are propelling the North America below grade waterproofing market growth. Firstly, the region's climate variability, with its range of extreme weather conditions, necessitates robust waterproofing solutions. Secondly, the growing construction industry, fuelled by urbanisation and the development of new residential and commercial structures, is directly contributing to the increased demand for waterproofing solutions. Additionally, renovations and repairs of existing buildings, driven by aging infrastructure and increased awareness of building health, further bolster market growth.
According to the North America below grade waterproofing market analysis, technological advancements in waterproofing materials and techniques are significant market drivers. Innovations such as self-healing membranes and eco-friendly waterproofing solutions are gaining traction, as they offer enhanced durability and environmental sustainability. The shift towards green building practices, supported by governmental regulations and policies promoting energy-efficient and eco-friendly construction, is influencing the market dynamics.
The North American market encompasses the United States and Canada, with the United States holding a dominant portion of the North America below grade waterproofing market share. The U.S. market is characterised by high demand in both new construction and refurbishment activities, particularly in urban areas with dense commercial and residential buildings. Canada, with its colder climate and stringent building codes, also presents significant opportunities for the below grade waterproofing market.
Looking forward, the market is set to witness substantial growth. Emerging trends such as the integration of smart technologies in construction materials and the increasing popularity of modular and off-site construction methods are expected to open new avenues for the waterproofing industry. Additionally, the ongoing focus on infrastructure development and maintenance in North America will continue to provide impetus to the market growth.
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Market Outlook
According to the report, the North America below grade waterproofing market is projected to grow at a CAGR of 4.3% between 2024 and 2032, reaching a value of USD 420 million by 2032.. Aided by the increasing emphasis on sustainable and resilient building practices, the market is expected to grow significantly by 2032.Below grade waterproofing is crucial in protecting building foundations, basements, and underground structures from water ingress and moisture-related damages. This form of waterproofing plays a vital role in ensuring structural integrity, preventing mould growth, and improving indoor air quality. The North American market, comprising a wide range of products such as membranes, coatings, and sealants, caters to various applications including commercial, residential, and infrastructure projects.
Several factors are propelling the North America below grade waterproofing market growth. Firstly, the region's climate variability, with its range of extreme weather conditions, necessitates robust waterproofing solutions. Secondly, the growing construction industry, fuelled by urbanisation and the development of new residential and commercial structures, is directly contributing to the increased demand for waterproofing solutions. Additionally, renovations and repairs of existing buildings, driven by aging infrastructure and increased awareness of building health, further bolster market growth.
According to the North America below grade waterproofing market analysis, technological advancements in waterproofing materials and techniques are significant market drivers. Innovations such as self-healing membranes and eco-friendly waterproofing solutions are gaining traction, as they offer enhanced durability and environmental sustainability. The shift towards green building practices, supported by governmental regulations and policies promoting energy-efficient and eco-friendly construction, is influencing the market dynamics.
The North American market encompasses the United States and Canada, with the United States holding a dominant portion of the North America below grade waterproofing market share. The U.S. market is characterised by high demand in both new construction and refurbishment activities, particularly in urban areas with dense commercial and residential buildings. Canada, with its colder climate and stringent building codes, also presents significant opportunities for the below grade waterproofing market.
Looking forward, the market is set to witness substantial growth. Emerging trends such as the integration of smart technologies in construction materials and the increasing popularity of modular and off-site construction methods are expected to open new avenues for the waterproofing industry. Additionally, the ongoing focus on infrastructure development and maintenance in North America will continue to provide impetus to the market growth.
Market Segmentation
The market can be divided based on material type, membrane type, end use, and country.Market Breakup by Material Type
- Polymer
- Bitumen
- Bentonite
- Rubberised Asphalt
Market Breakup by Membrane Type
- Sheet Based
- Liquid Based
Market Breakup by End Use
- Residential
- Commercial
- Public Infrastructure
Market Breakup by Country
- United States of America
- Canada
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America below grade waterproofing market. Some of the major players explored in the report are as follows:- Carlisle Companies Inc.
- GCP Applied Technologies Inc
- RPM International Inc
- BASF SE
- Dupont de Nemours, Inc.
- Wacker Chemie AG
- Sika AG
- W.R. Grace & Co.
- Others
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Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Opportunities and Challenges in the Market14 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
6 Market Snapshot
8 Global Below Grade Waterproofing Market Overview
9 North America Below Grade Waterproofing Market Analysis
10 Regional Analysis
11 Market Dynamics
12 Installation Cost
13 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- Carlisle Companies Inc.
- GCP Applied Technologies Inc
- RPM International Inc
- BASF SE
- Dupont de Nemours Inc. Wacker Chemie AG
- Sika AG
- W.R. Grace & Co.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 190 |
| Published | February 2024 |
| Forecast Period | 2024 - 2032 |
| Estimated Market Value ( USD | $ 299.9 Million |
| Forecasted Market Value ( USD | $ 420 Million |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | North America |
| No. of Companies Mentioned | 7 |
