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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Below Grade Waterproofing Market Size
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.
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.
North America Below Grade Waterproofing Market Report Snapshots
North America Below Grade Waterproofing Market Size
North America Below Grade Waterproofing Market Analysis
North America Below Grade Waterproofing Companies
*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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