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:
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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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