The global waterproofing market size reached approximately USD 20.39 billion in 2023. The market is further projected to grow at a CAGR of 4.9% between 2024 and 2032, reaching a value of USD 31.28 billion by 2032.
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In the coming decade, the global construction industry is expected to grow by 85% to achieve a value of USD 15.5 trillion by 2030. China, the United States, and India will contribute significantly to the global construction industry growth, accounting for 57% of the total industry growth.
The purpose of waterproofing is to protect buildings and other structures from water intrusion and to keep them safe from chemical damage and corrosion. In the process, it ensures the longevity and integrity of the building. It is in high demand in places that are vulnerable to changing climates and water and chemical damage like the United States and Canada.
Waterproofing is done to prevent buildings or any other infrastructure from being damaged by water. It creates an impenetrable barrier around the structure, shielding it from water damage like seepage and leakages due to rains or any other conditions. Waterproofing helps maintain the structural integrity of buildings and prolongs their life by preventing the integral parts of the building like roofs, foundation surfaces, and walls, among other parts from water damage, corrosion, and chemical damage. The market for waterproofing is divided into the following types:
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Liquid membranes are one of the leading types of waterproofing as they offer higher efficiency and lower costs along with product innovations. Under liquid membranes, acrylic membranes are expected to have healthy growth due to its ability to provide protections against harsh weather conditions. The demand for bituminous membranes is expected to rise due to its durability and high tensile strength.
Waterproofing usually finds its application in the following segments:
Roofs are the foremost application sector as it is at the most risk of damage from water and chemical damage and any climate changes.
The report also covers the regional markets for North America waterproofing market like the United States of America and Canada.
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The global waterproofing market is being driven by its growing applications in various end-use industries like construction. The rise in construction activities owing to the increasing population in countries like China and other developing nations has enhanced the growth of the waterproofing industry. Other end-use sectors, including mining and water and waste management industries, coupled with rising overall demand for waterproofing is also aiding the growth of the industry. The growing urbanisation and inflating disposable income are supporting the industry growth of waterproofing. The modernisation of aging infrastructures is further propelling the industry forward. Governments, globally, have shown interest in the housing sector by spending on housing and large infrastructure ventures, thus, driving the growth of the waterproofing industry, globally.
The global waterproofing industry is being aided by the growth of the waterproofing industry in North America. North America is a significant market for waterproofing and is led by countries like the United States and Canada due to the rise in urbanisation and the growth in disposable incomes, especially among the middle class. The regional market is being driven by the increase in population and a rise in domestic manufacturing in the region. Strong growth is exhibited in the residential housing sector, especially in the single-family constructions, thus, further catalysing the waterproofing industry growth. An increase in the growth of non-residential buildings and improvement in transportation are the major drivers for the growth of the waterproofing industry in North America. With rising innovations in the region, the North America waterproofing market is expected to continue growing in the forecast period of 2024-2032.
In 2020, RPM International Inc. (NYSE: RPM) announced the acquisition of Wilseal LLC and Schul International Co., LLC to be incorporated into RPM's Tremco Commercial Sealants & Waterproofing business.
The report gives a detailed analysis of the following key players in the North America waterproofing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Waterproofing Type, Country|
|Breakup by Type||Liquid Membrane, Cementitious Membrane, Bituminous Membrane, Thermoplastic Membrane (PVC, Others)|
|Breakup by Application||Roofs and Balconies, Parking Deck, Tunnel Liners, Bridges and Highways, Others|
|Installation Cost Breakup by Waterproofing Type||Cementitious, Bituminous Membrane, Liquid Membrane, Thermoplastic Membrane|
|Breakup by Country||United States of America, Canada|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Henry Company., SOPREMA, 3M, Carlisle Companies Inc., GCP Applied Technologies Inc, RPM International Inc, BASF SE, DuPont de Nemours, Inc., Wacker Chemie AG, Sika AG, WR Grace & Co., Evonik Industries AG, Akzo Nobel N.V., Pidilite Industries Limited, Arkema SA, Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Waterproofing Market Overview
8.1 Key Industry Highlights
8.2 Global Waterproofing Historical Market (2018-2023)
8.3 Global Waterproofing Market Forecast (2024-2032)
8.4 Global Waterproofing Market by Region
8.4.1 Market Share
126.96.36.199 North America
188.8.131.52 Asia Pacific
184.108.40.206 Latin America
220.127.116.11 Middle East and Africa
9 North America Waterproofing Market Analysis
9.1 Key Industry Highlights
9.2 North America Waterproofing Historical Market (2018-2023)
9.3 North America Waterproofing Market Forecast (2024-2032)
9.4 North America Waterproofing Market by Type
9.4.1 Liquid Membrane
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2023)
126.96.36.199 Forecast Trend (2024-2032)
188.8.131.52 Breakup by Type
184.108.40.206.1 Bituminous Coating
220.127.116.11.2 Polyurethane Membrane
9.4.2 Cementitious Membrane
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2023)
126.96.36.199 Forecast Trend (2024-2032)
9.4.3 Bituminous Membrane
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2023)
220.127.116.11 Forecast Trend (2024-2032)
9.4.4 Thermoplastic Membrane (PVC, Others)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2023)
126.96.36.199 Forecast Trend (2024-2032)
9.5 North America Waterproofing Market by Application
9.5.1 Roofs and Balconies
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2023)
220.127.116.11 Forecast Trend (2024-2032)
9.5.2 Parking Deck
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2023)
126.96.36.199 Forecast Trend (2024-2032)
9.5.3 Tunnel Liners
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2023)
220.127.116.11 Forecast Trend (2024-2032)
9.5.4 Bridges and Highways
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2023)
126.96.36.199 Forecast Trend (2024-2032)
9.6 North America Waterproofing Market by Country
9.6.1 Market Share
188.8.131.52 United States of America
10 Regional Analysis
10.1 United States of America
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Application
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Application
11 Market Dynamics
11.1 SWOT Analysis
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Installation Cost
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
13.2.2 3M Co.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
13.2.3 Carlisle Companies Inc.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
13.2.4 GCP Applied Technologies Inc
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
13.2.5 RPM International Inc.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
13.2.6 BASF SE
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
13.2.7 DuPont de Nemours, Inc.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
13.2.8 Wacker Chemie AG
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
13.2.9 Sika AG
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
13.2.10 WR Grace & Co.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
13.2.11 Evonik Industries AG
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
13.2.12 Akzo Nobel N.V.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
13.2.13 Arkema SA
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Waterproofing Market: Key Industry Highlights, 2017 and 2027
2. Global Waterproofing Historical Market: Breakup by Region (USD Million), 2018-2023
3. Global Waterproofing Market Forecast: Breakup by Region (USD Million), 2024-2032
4. North America Waterproofing Market: Key Industry Highlights, 2017 and 2027
5. North America Waterproofing Historical Market: Breakup by Type (USD Million), 2018-2023
6. North America Waterproofing Market Forecast: Breakup by Type (USD Million), 2024-2032
7. North America Waterproofing Historical Market: Breakup by Application (USD Million), 2018-2023
8. North America Waterproofing Market Forecast: Breakup by Application (USD Million), 2024-2032
9. North America Waterproofing Historical Market: Breakup by Country (USD Million), 2018-2023
10. North America Waterproofing Market Forecast: Breakup by Country (USD Million), 2024-2032
11. United States of America Waterproofing Historical Market: Breakup by Application (USD Million), 2018-2023
12. United States of America Waterproofing Market Forecast: Breakup by Application (USD Million), 2024-2032
13. Canada Waterproofing Historical Market: Breakup by Application (USD Million), 2018-2023
14. Canada Waterproofing Market Forecast: Breakup by Application (USD Million), 2024-2032
15. North America Waterproofing Market Structure
The market is projected to be driven by the global waterproofing industry is projected to grow at a CAGR of 4.9% between 2023 and 2032.
The major drivers of the market include rising disposable incomes, increasing demand for home improvements, and the growing construction industry.
The growing expenditure of governments in the region towards housing and large infrastructure ventures is expected to be a key trend guiding the growth of the market.
The United States of America and Canada are the leading countries in the market.
Liquid membrane is the dominant type of the product in the market.
The roofs and balconies sector accounts for the largest market share, among other application segments in the market.
The leading players in the North America waterproofing market are SOPREMA, 3M, Carlisle Companies Inc., GCP Applied Technologies Inc, RPM International Inc, BASF SE, DuPont de Nemours Inc., Wacker Chemie AG, Sika AG, WR Grace & Co., Evonik Industries AG, Akzo Nobel N.V., and Arkema SA, among others.
The North America waterproofing market is being driven by the rising demand from the rapidly growing construction industry in the region. The market is expected to grow in the forecast period of 2024-2032, growing at a CAGR of 4.9% reach USD 31.28 biillion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the market can be segmented into liquid membrane, cementitious membrane, bituminous membrane, thermoplastic membrane, and others, with liquid membranes accounting for the largest industry share in the global market. On the basis of application, the industry is divided into roofs and balconies, parking deck, tunnel liners, and bridges and highways, among others. The major regional markets for waterproofing in North America are the United States of America and Canada. The key players in the above market include SOPREMA, 3M, Carlisle Companies Inc., GCP Applied Technologies Inc, RPM International Inc, BASF SE, DuPont de Nemours, Inc., Wacker Chemie AG, Sika AG, WR Grace & Co., Evonik Industries AG, Akzo Nobel N.V., and Arkema SA, among others.
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 market insights that are accurate, actionable, and help them remain ahead of their competition.
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