The North America below grade waterproofing market attained almost USD 241.3 million in 2019, accounting for 16% of the global below grade waterproofing industry. The innovative construction of commercial buildings is driving the industry as the below grade and foundation area of a building require various types of waterproofing. The industry is further projected to attain a value of USD 438.6 million by 2025, displaying a CAGR of about 10.2% during the forecast period of 2020-2025.
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The global below grade waterproofing industry is expected to grow at a CAGR of 5.5% between 2020 and 2025 to reach a value of USD 2078.4 million by 2025. The sector is boosted by the rising investment in the infrastructure sector. North America is the fourth largest region in the below grade waterproofing industry, with the United States being the leading industry within the region. The United States accounts for more than three-fourth share in the regional sector.
Below grade waterproofing finds its most significant application in the commercial buildings sector. The rapid urbanisation has led to an increase in the construction sector in North America. The growing economy in the United States is further driving the construction sector. The rising healthcare and lodging sectors have increased the demand for commercial buildings in the United States. Polymer is the leading material type in the United States due to its long-lasting elastic properties and seamless finish.
Properties and Applications
Below grade waterproofing is used for the protection of below grade spaces such as tunnels, foundation walls, and basements that can be degraded or cause damage to the storage within due to several environmental factors. The industry can be segmented based on:
The end-uses of below grade waterproofing include:
The applications of the product can be categorised as:
The EMR report provides an in-depth analysis of the North America below grade waterproofing market like the United States of America and Canada. New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West are the leading regional markets for below grade waterproofing in the United States. Northern Canada, British Columbia, Alberta, the Prairies, Central Canada, and Atlantic Canada, on the hand, are the major regions in Canada for the industry.
The North America below grade waterproofing market is being driven by the increasing demand for technological advances in the waterproofing system. The rapid growth in commercial and government buildings are aiding the waterproofing services. The industry is being further driven by the rising need for compatible construction material choices. The ability of the waterproofing solutions to match a variety of designs, building materials, and components are adding to the growth of the industry. The changing methods for controlling groundwater during and after construction have led to the adoption of revised waterproofing methods. Despite this, the industry can be hampered due to several other factors. One such factor is the insufficient waterproofing in which water penetration damages concrete and other building materials, especially in cold climate where water may freeze and cause cracks. Waterproofing systems for below ground structures involve stringent obligations regarding durability, exposure, and stress conditions, which can further hamper the growth of the industry. High repairing or replacing cost is another factor that is expected to hinder the regional industry growth.
However, rising urbanisation along with growing economic standards in the US are leading to the rise of the construction sector further driving the demand for below grade waterproofing. 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. The increasing government spending on residential and non-residential projects is expected to aid the industry. The growing competition among various vital players is anticipated to support the industry further. The escalating demand for installation of basement waterproofing and drainage in residential buildings and structures is propelling the demand growth in the industry. Hurricanes in the southern US and wildfires in the western US are creating a strong demand for new buildings in the US, thus, further aiding industry.
The report gives a detailed analysis of the following key players in the North America below grade waterproofing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, capacity expansions, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter’s five forces model along with giving a SWOT analysis.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver
5.2 Market Restraint
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Below Grade Waterproofing Market Analysis
6.1 Figure: Global Below Grade Waterproofing Market Historical Market (2015-2019) and Forecast (2020-2025)
6.2 Figure: Breakup by Region: Historical Market (2015-2019) and Forecast (2020-2025)
6.2.1 North America
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa
7 North America Below Grade Waterproofing Market Analysis
7.1 Figure: North America Below Grade Waterproofing Market Historical Market (2015-2019) and Forecast (2020-2025)
7.2 Figure: Breakup by Material Type: Historical Market (2015-2019) and Forecast (2020-2025)
7.2.4 Rubberized Asphalt
7.3 Figure: Breakup by Membrane Type: Historical Market (2015-2019) and Forecast (2020-2025)
7.3.1 Sheet Based
7.3.2 Liquid Coated
7.4 Figure: Breakup by Application: Historical Market (2015-2019) and Forecast (2020-2025)
7.4.2 Fully Bonded
7.4.4 Loose Laid
7.5 Figure: Breakup by End Use: Historical Market (2015-2019) and Forecast (2020-2025)
7.5.1 Residential Building
7.5.2 Commercial Building
7.5.3 Public Infrastructure
7.6 Chart: Breakup by Country
7.6.1 United States of America
8 United States of America Below Grade Waterproofing Market Analysis
8.1 Figure: Breakup by Material Type: Historical Market (2015-2019) and Forecast (2020-2025)
8.1.4 Rubberized Asphalt
8.2 Figure: Breakup by Membrane Type: Historical Market (2015-2019) and Forecast (2020-2025)
8.2.1 Sheet Based
8.2.2 Liquid Coated
8.3 Figure: Breakup by Application: Historical Market (2015-2019) and Forecast (2020-2025)
8.3.2 Fully Bonded
8.3.4 Loose Laid
8.4 Figure: Breakup by End Use: Historical Market (2015-2019) and Forecast (2020-2025)
8.4.1 Residential Building
8.4.2 Commercial Building
8.4.3 Public Infrastructure
8.5 Figure: Breakup by Regions: Historical Market (2015-2019) and Forecast (2020-2025)
8.5.1 New England
8.5.3 Great Lakes
8.5.7 Rocky Mountain
8.5.8 Far West
9 Canada Below Grade Waterproofing Market Analysis
9.1 Figure: Breakup by Material Type: Historical Market (2015-2019) and Forecast (2020-2025)
9.1.4 Rubberized Asphalt
9.2 Figure: Breakup by Membrane Type: Historical Market (2015-2019) and Forecast (2020-2025)
9.2.1 Sheet Based
9.2.2 Liquid Coated
9.3 Figure: Breakup by Application: Historical Market (2015-2019) and Forecast (2020-2025)
9.3.2 Fully Bonded
9.3.4 Loose Laid
9.4 Figure: Breakup by End Use: Historical Market (2015-2019) and Forecast (2020-2025)
9.4.1 Residential Building
9.4.2 Commercial Building
9.4.3 Public Infrastructure
9.5 Figure: Breakup by Regions: Historical Market (2015-2019) and Forecast (2020-2025)
9.5.1 Northern Canada
9.5.2 British Columbia
9.5.4 The Prairies
9.5.5 Central Canada
9.5.6 Atlantic Canada
10 Installation Cost Analysis
10.1 Sheet Based
10.2 Liquid Coated
11 SWOT Analysis
12 Porter’s Five Forces Analysis
12.2 Buyer’s Power
12.3 Supplier’s Power
12.4 New Entrants
12.5 Degree of Rivalry
13 Competitive Landscape
13.1 RPM International Inc.
13.2 Carlisle Companies Inc.
13.3 BASF SE
13.4 GCP Applied Technologies
13.5 MAPEI S.p.A
13.6 Mineral Technologies Inc.
13.7 Sika AG
14 Events and Developments
Additional Customisations Available:
15 Trade Data Analysis
15.1 Major Exporting Countries: By Value and Volume
15.2 Major Importing Countries: By Value and Volume
16 Value Chain Analysis
17 Procurement Strategy
17.1 Contract Terms
17.2 Buying and Sourcing Trends
17.3 Storage and Warehousing
17.4 Certifications and Regulations
17.5 Risk Factors
18 Cost Analysis
19 Manufacturing Process
19.1 Detailed Process Flow
19.2 Operations Involved
19.3 Mass Balance
The North America below grade waterproofing market attained a value of USD 241.3 million in 2019. It is expected to witness a further growth in the forecast period of 2020-2025 growing at a CAGR of 10.2%. The industry is projected to reach USD 438.6 billion by 2025.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of industry. Based on its material types, the below grade waterproofing industry can be segmented into polymer, bitumen, bentonite, and rubberized asphalt, among others. On the basis of membrane types, below grade waterproofing industry can be segmented into sheet based and liquid coated. The major regional markets are the United States of America and Canada. The key players include RPM International Inc., Carlisle Companies Inc., BASF SE, GCP Applied Technologies, MAPEI S.p.A, Mineral Technologies Inc., and Sika AG, among others.
The major drivers of the industry such as the rising disposable incomes, increasing population, and rapid urbanisation, among others are expected to aid the growth of the industry. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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