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The North America waterproofing market is being propelled forward by the growing demand from the rapidly rising construction industry in the region. Waterproofing is done to guard the building against any damage, whether it be from water or chemical or corrosion. Waterproofing ensures the integrity and longevity of the building. It is high in demand in regions which are susceptible to extreme climates and prone to chemical and water damage, such as the United States and Canada. Waterproofing helps buildings endure extreme climates and prolongs the life of the structure. Waterproofing additionally provides green certification, prolonged durability, and enhanced internal environment quality to the structure.
In 2018, BASF (ETR: BAS), a key player in the North America waterproofing market, launched MasterSeal 7000 CR, an innovative waterproofing and concrete protection solution for wastewater treatment plants. This product is made with a one-of-kind combination of application and performance properties to deal with violent wastewater environments. The application of MasterSeal 7000 CR system prolongs the life of concrete structures significantly. In 2017, Carlisle Companies Incorporated (NYSE: CSL), another significant player in the market, acquired Arbo Holdings Limited, a top supplier of materials like sealants, membrane systems and coatings, required by architects and contractors for waterproofing and sealing purposes. Thus, the acquisition by Carlisle enhanced and expanded the company’s waterproofing portfolio.
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The primary key players in the North America waterproofing market include RPM International Inc., W. R. Grace and Company, Carlisle Companies Inc., GCP Applied Technologies, MAPEI S.p.A, Mineral Technologies Inc., Sika AG, Evonik Industries AG, SOPREMA, Henry Company, Dryspace, Inc, DuPont de Nemours, Inc., BASF SE, and 3M Company, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
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