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North America Below Grade Waterproofing Market Projected to Grow at a CAGR of about 10.2% During the Forecast Period of 2020-2025.

According to a new report by EMR titled, ‘North America Below Grade Waterproofing Market Report and Forecast 2020-2025’, the North America below grade waterproofing market nearly reached a value of USD 241.3 million in 2019. It is further expected grow in the forecast period of 2020-2025 at a CAGR of 10.2% to attain the value of USD 438.6 million by 2025.

The North America below grade waterproofing market is the fourth largest market for below grade waterproofing, globally. The United States is the largest regional market for below grade waterproofing within the North America market, accounting for nearly 80% of the market. Hurricanes in the southern US, including Virginia, Florida, and Carolina and wildfires in California, are creating a strong demand for new buildings in the United States, thus, further aiding the North America below grade waterproofing market. The increased constructional activities and the rapid growth in commercial and government buildings are supporting the growth of waterproofing services. The rising demand for the installation of basement waterproofing and drainage in residential buildings and structures is propelling the demand growth in the industry.

The Canada below grade waterproofing market grew by nearly 43% in 2018 as compared to 2014. Central Canada is the largest regional market for below grade waterproofing, accounting for 57% of the overall Canada market. The market in Canada is further expected to grow at a CAGR of 8.7% in the forecast period of 2020-2025. The regional market is expected to be driven by the growing investments in the residential, industrial, and commercial sectors.

Carlisle, one of the key players in the below grade waterproofing market in North America, produces a variety of below grade waterproofing products under its InsulFoam ® and R-Tech ® brands. InsulFoam ® and R-Tech ® products are designed to waterproof or damp-proof structures like the foundation wall or slab, particularly in commercial and residential constructions.

Market Analysis by Material Type, Membrane Type, End-Use, and Regions:

  • The type of materials used to make below grade waterproofing includes polymer, bitumen, bentonite, rubberized asphalt, and others.
  • The types of membranes used in the below grade waterproofing market can be categorised as sheet based and liquid coated.
  • Below grade waterproofing finds its end uses in residential building, commercial building, and public infrastructure.
  • The regions included in this market are the United States of America and Canada.

Key Findings of the Report:

  • The North America below grade waterproofing market is being aided by the rising demand for technological advances in the waterproofing systems.
  • The market is being aided by the increasing demand for compatible construction material alternatives.
  • The ability of the waterproofing solutions to match a variety of designs, building materials, and components are adding to the growth of the industry.
  • Rising urbanization and growing economic standards in the United States are leading to the rise of the construction sector, driving the demand for the below grade waterproofing industry in the region.
  • The shifting consumer preferences to durable and robust building materials and increasing disposable incomes of the consumers are driving the demand in the industry in the US.

Key Offerings of the Report:

  • The EMR report provides an overview of the global below grade waterproofing market for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the material type, membrane type, end-use, and regions of below grade waterproofing in the North America market.
  • A detailed analysis of the United States of America and Canada market has also been provided, covering the material type, membrane type, end-use, and regional market for the (2015-2019) and (2020-2025) periods.
  • The report by EMR offers an in-depth assessment of the global trade data, looking into the value and volume of major exporting and importing countries.

The major players in the North America 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 covers their market share, capacity, and latest developments like mergers, acquisitions and investments, capacity expansions, and plant turnarounds.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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