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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Below Grade Waterproofing Market Outlook
The North America below grade waterproofing market attained a value of USD 297.5 million in 2023. The innovative construction of commercial buildings is driving the market as the below grade and foundation area of a building require various types of waterproofing. The market is further projected to attain a value of USD 378.2 million by 2032, displaying a CAGR of about 4.3% during the forecast period of 2024-2032.
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One of the major end users of below grade waterproofing is the commercial buildings sector. The rapid urbanisation has led to a significant growth of the construction sector in North America. The growing economy in the United States is further driving the construction sector growth. The rising healthcare and lodging sectors have increased the demand for commercial buildings in the United States. Polymer is one of the significant material types in the United States below grade waterproofing market due to its long-lasting elastic properties and seamless finish.
Below grade waterproofing is used for the protection of below grade spaces such as tunnels, foundation walls, and basements that can be degraded and cause damage to the storage within due to several environmental factors.
Properties and Applications
Below grade waterproofing is used for the protection of below grade spaces such as tunnels, foundation walls, and basements that can be degraded or cause damage to the storage within due to several environmental factors. The industry can be segmented based on:
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- Material Type
- Polymer
- Bitumen
- Bentonite
- Rubberised Asphalt
- Membrane Type
- Sheet Based
- Liquid Based
The end uses of below grade waterproofing include:
- Residential
- Commercial
- Public Infrastructure
The EMR report provides an in-depth analysis of the North America below grade waterproofing market in the United States of America and Canada. New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West are the leading regional markets for below grade waterproofing in the United States. Meanwhile, British Columbia, Alberta, The Prairies, Central Canada, and Atlantic Canada are the major regional markets in Canada.
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Market Analysis
The rapid development of commercial and government buildings is supporting the demand for waterproofing services. The ability of waterproofing solutions to match a variety of designs, building materials, and components are adding to the growth of the market. To control groundwater during and after construction, demand for advanced waterproofing methods has increased. Rising urbanisation along with growing economic standards in the US are leading to the development of the construction sector, further driving the demand for below grade waterproofing. The shifting consumer preferences for durable and robust building materials and increasing disposable incomes are driving the market demand in the US.
The increasing government spending on residential and non-residential projects is expected to aid the market. Further, there is a growing competition among major market players. The escalating demand for the installation of basement waterproofing and drainage in residential buildings and structures is propelling the market. Frequent occurrence of tornadoes and storms in the region has expanded the demand for below grade waterproofed basements.
Competitive Landscape
The report gives a detailed analysis of the following key players in the North America below grade waterproofing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Carlisle Companies Inc.
- GCP Applied Technologies Inc
- Wacker Chemie AG
- Sika AG
- W. R. Grace & Co
- DuPont de Nemours, Inc.
- BASF SE
- RPM International Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Material Type |
|
| Breakup by Membrane Type |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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North America Below Grade Waterproofing Market Report Snapshots
North America Below Grade Waterproofing Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The North America below grade waterproofing market reached a value of USD 297.5 million in 2023.
The market is projected to grow at a CAGR of nearly 4.3% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 378.2 million by 2032.
The major drivers of the market include rising disposable incomes, increasing population, rising construction industry, and rapid urbanisation.
The renovation activities being undertaken in the United States is expected to be a key trend guiding the growth of the market.
The United States of America and Canada are the leading regions in the market, with the United States of America accounting for the largest market share.
The major material types of the product include polymer, bitumen, bentonite, and rubberised asphalt.
The leading membrane types of the product in the mrket are sheet based and liquid based.
The product finds end use in residential, commercial, and public infrastructure.
The leading players in the market are Carlisle Companies Inc., GCP Applied Technologies Inc, Wacker Chemie AG, Sika AG, W. R. Grace & Co, DuPont de Nemours, Inc., BASF SE, RPM International Inc., among others.
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