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The global below grade waterproofing market is being supported by the growing need for building and infrastructure protection from corrosion, often precipitated by environmental causes. The Asia Pacific is the leading regional market for below grade waterproofing, representing nearly 41% of the market share. The rapid urbanization in the region has led to an increase in the construction sector in the developing countries of the Asia Pacific like India and China. The growing economies of these developing nations is further propelling the below grade waterproofing market growth. Globally, below grade waterproofing finds its most significant application in the construction sector. North America is also a significant market for below grade waterproofing due to the rising number of new constructions taking place within the region along with the growing renovation activities on older infrastructure. The United States is a leading regional market within North America. Polymer is the leading material type in the US market due to its long-lasting elastic properties and seamless finish. The North America below grade waterproofing market in the commercial sector is expected to be aided by the growing construction projects and the rise of sustainable and green buildings.
The global below grade waterproofing market is projected to be driven by the green building initiatives and environment friendly building codes in the forecast years leading to a rising demand for green waterproofing materials. BASF SE (OTCMKTS: BASFY), one of the key players in the below grade waterproofing, collaborated with Oriental Yuhong to codevelop the next generation of environment friendly waterproofing solutions. The two companies will produce products that meet the strict emission limits set by the EMICODE® EC1PLUS label. The company will produce EMICODE® EC1PLUS compliant dispersions.
Market Analysis by Material Type, Membrane Type, Application, End-Use and Regions:
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The major players in the global below grade waterproofing market are RPM International Inc., Carlisle Companies Inc., BASF SE, GCP Applied Technologies, MAPEI S.p.A, Mineral Technologies Inc., and Sika AG, among others. The comprehensive report by EMR covers their market share, capacity, and latest developments like mergers, acquisitions and investments, capacity expansions, and plant turnarounds.
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