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North America Waterproofing Market

North America Waterproofing Market Size, Share, Forecast: By Type: Liquid Membrane, Cementitious Membrane, Bituminous Membrane, Thermoplastic Membrane (PVC, Others); By Application: Roofs and Balconies, Parking Deck, Tunnel Liners, Bridges and Highways, Others; Regional Analysis; Competitive Landscape; 2024-2032

North America Waterproofing Market Outlook

The North America waterproofing market size reached nearly USD 20.39 billion in 2023. The market is projected to grow at a CAGR of 4.9% between 2024 and 2032 to reach around USD 31.28 billion by 2032.

 

Key Takeaways

  • Green roofs are gaining popularity across North America as awareness of climate change rises, which can reduce the need for air conditioning in buildings by around 75%.
  • BASF SE, DuPont de Nemours, Inc., and Wacker Chemie AG are a few of the major companies in the market.
  • With rising innovation in waterproofing technologies, companies are exploring areas like nanotechnology in waterproofing to enhance the structural integrity of buildings.

 

To prevent moisture buildup and ensure that water cannot enter through surfaces like floors, walls, and ceilings, waterproofing materials are applied. The extreme cold weather in North America creates opportunities for waterproofing solutions.

 

One of the major factors driving the North America waterproofing market growth is the growing construction activities in the USA and Canada. Growing demand for urban centres and high urbanisation fuel construction activities in the region. Consequently, it increases the demand for waterproofing to safeguard buildings from extreme climatic conditions. Additionally, a rise in immigration and a growing working population in Canada aid the demand for residential and commercial construction.

 

Figure: Total Construction Spending in the United States (2018-2026)

North America waterproofing market

 

Key Trends and Developments

Growth in construction sector; government investments promoting infrastructural development; rise in the working population; the growing popularity of green roofing; and innovations in waterproofing solutions aid the North America waterproofing market expansion

 

Date Company Details
April 2023 Sika AG Introduced Sikaflex®-591, a versatile and mould-resistant hybrid sealant, which is UV-stable, weather-resistant, and free of harmful components, suitable for various sealing applications at the IBEX Conference and Exhibition.
March 2023 U.S. Waterproofing LLC Acquired Crawl Space Brothers, a prominent provider of crawl space encapsulation, repair, and basement waterproofing services in the Southeastern U.S.
March 2023 MAPEI introduced Mapeguard Board, a versatile and waterproof backer-board panel designed for use in ceramic tile and stone installations. It features an extruded polystyrene core and a waterproof membrane on both sides for water and vapour protection.
March 2023 SOPREMA Partnered to distribute the CN2000® cementitious capillary crystalline waterproofing system for concrete infrastructure.

 

 

Trends Impact
Growing construction activities The USA contributes around 11.1% to the global construction market. Hence, growing construction activities in the USA and Canada surge the demand for optimal waterproofing solutions.
Government investments in infrastructure development The U.S. Department of Transportation (DOT) allotted USD 26.5 billion in January 2022 to repair, replace, and construct approximately 15,000 highway bridges, aiding the requirement for waterproofing systems.
Rise in immigration and a growing working population In 2022, Canada witnessed the entry of 437,180 immigrants. A rise in immigration and a growing working population aid the demand for residential and commercial waterproofing systems in the region.
Demand for sustainable waterproofing solutions for green building initiatives Green building initiatives promote the use of waterproofing solutions that reduce energy consumption and have a lower environmental impact.
Innovation in waterproofing technologies Manufacturers are exploring areas like nanotechnology in waterproofing, crystalline waterproofing, waterproofing membranes, self-healing, water-repellent and spray-on coating to enhance the sustainability and structural integrity of buildings.

 

North America Waterproofing Market Trends

The North America construction market continues to grow, driven by factors such as urbanisation, population growth, and infrastructure renewal projects. Additionally, high-growth segments for the USA’s construction sector in 2022 included multifamily and residential improvements, manufacturing, commercial, sewage and waste disposal, water supply, and others. These sectors grew with an annual growth rate of over 10%.

 

The increasing construction of green buildings amid the growing environmental consciousness is also supporting the North America waterproofing market expansion. Manufacturers, such as MAPEI S.p.A. (Italy) and W.R. Meadows (USA), provide contractors with VOC-compliant liquid waterproofing membranes. These membranes can contribute to LEED points and enhance the structural life of buildings.

 

Market Segmentation

North America Waterproofing Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Type Liquid Membrane, Cementitious Membrane, Bituminous Membrane, Thermoplastic Membrane (PVC, Others)
Application Roofs and Balconies, Parking Deck, Tunnel Liners, Bridges and Highways, Others
Region United States of America, Canada

 

Liquid membrane is further divided based on type into bituminous coating, polyurethane membrane, epoxy, and acrylic.

 

Bituminous membrane is expected to dominate the North America waterproofing market share as it acts as a solid and reliable barrier against water penetration.

Bituminous waterproofing systems are ideal for cold climates owing to their high flexibility at low temperatures. In countries like the USA and Canada, producers of bitumen rolling roofs need to comply with standards, such as ASTM C981-05 and CSA A123.23-15 laid down by the American Society for Testing Materials and Canadian Standard Association. Leading market players such as Sika AG and MAPEI S.p.A. offer customers customisable bituminous membranes to meet evolving customer demands.

 

Meanwhile, the demand for thermoplastic membranes is substantially rising as they reduce repair and maintenance costs, offer enhanced durability and strength, can withstand normal building movement, and are resistant to bacteria and mould. In addition, the North America waterproofing market growth is being fuelled by the increasing launches of innovative and sustainable thermoplastic membranes in the coming years.

 

The use of waterproofing solutions in roofs and balconies is significantly rising due to diverse environmental conditions in the region

Waterproofing solutions are widely used on roofs and balconies to withstand diverse climatic situations. With over 83% of the population living in urban areas, coupled with changing climate and global warming, the requirement for optimal waterproofing solutions for roofs and balconies is increasing. The demand for green roof waterproofing surged with mandatory regulations for waterproofing for green roofs.

 

Besides, increasing renovation and repair activities of bridges, tunnels, and highways by governments are expected to favour the North America waterproofing market expansion in the forecast period.

 

Competitive Landscape

Major players in the North America waterproofing market are increasing their collaboration, partnership, and research and development activities to gain a competitive edge

 

Company Year Founded Headquarters Products/Services
BASF SE 1865 Germany Offers binders and additives for application in polymer-modified asphaltic waterproofing and cementitious waterproof coatings.
DuPont de Nemours, Inc. 1802 United States offers a diverse range of waterproofing, and water barrier products under the brand names Weathermate™, Tyvek®, Styrofoam™ Brand, LiquidArmor™, DuPont™ Sill Pan etc.
Wacker Chemie AG 1914 Germany Provides waterproofing membranes under the VINNAPAS® brand.
Sika AG 1910 Switzerland provides a wide array of waterproofing systems for various applications, including below-grade, tunnel, bridge deck, water tank, wet room, and pond waterproofing.

 

Other key players in the North America waterproofing market include GCP Applied Technologies Inc., GAF Materials LLC, Arkema SA, and Evonik Industries AG.

 

North America Waterproofing Market Analysis by Region

The United States accounts for a major market share due to the growing construction activities and infrastructure development in the country

The United States holds a dominant position in the North America waterproofing market. In August 2023, total construction spending for the residential sector in the United States increased to USD 872.0 billion. Increased disposable incomes have fuelled a surge in residential improvement and renovation projects, leading to a rise in the demand for residential waterproofing solutions.

 

Meanwhile, the market in Canada is being driven by the rise in immigration and a growing working-age population. In Canada, individuals dealing with basement leaks are increasingly turning to basement waterproofing services, especially during the rainy season. In August 2023, the Quebec region recorded a 10.6% monthly increase in investment of USD 95.0 million, the largest since March 2022 for single-family home construction.

 

Table: Overview of Tunnel Projects in North America

Project Investment Completion Year Description
Hudson Tunnel Project (USA) USD 17.2 billion 2035 Underwater rail tunnel between New York City and New Jersey.
Potomac River Tunnel (USA) USD 819 million 2030 5.5-mile-long tunnel will control combined sewer overflows to the Potomac River.
Eglinton Crosstown West Extension (Canada) USD 729 million 2025 The underway with 9.2 kilometres from the future Mount Dennis LRT station to Renforth Drive.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Region
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
Breakup by Region
  • United States of America
  • Canada
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • BASF SE
  • GCP Applied Technologies Inc.
  • DuPont de Nemours, Inc.
  • Wacker Chemie AG
  • Sika AG
  • GAF Materials LLC
  • Arkema SA
  • Evonik Industries AG.
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.

1    Preface
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

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
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    North America
        8.4.2    Europe
        8.4.3    Asia Pacific
        8.4.4    Latin America
        8.4.5    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 
            9.4.1.1    Historical Trend (2018-2023)
            9.4.1.2    Forecast Trend (2024-2032)
            9.4.1.3    Breakup by Type
                9.4.1.3.1    Bituminous Coating
                9.4.1.3.2    Polyurethane Membrane
                9.4.1.3.3    Epoxy
                9.4.1.3.4    Acrylic
        9.4.2    Cementitious Membrane
            9.4.2.1    Historical Trend (2018-2023)
            9.4.2.2    Forecast Trend (2024-2032)
        9.4.3    Bituminous Membrane
            9.4.3.1    Historical Trend (2018-2023)
            9.4.3.2    Forecast Trend (2024-2032)
        9.4.4    Thermoplastic Membrane (PVC, Others)
            9.4.4.1    Historical Trend (2018-2023)
            9.4.4.2    Forecast Trend (2024-2032)        
    9.5    North America Waterproofing Market by Application
        9.5.1    Roofs and Balconies
            9.5.1.1    Historical Trend (2018-2023)
            9.5.1.2    Forecast Trend (2024-2032)
        9.5.2    Parking Deck
            9.5.2.1    Historical Trend (2018-2023)
            9.5.2.2    Forecast Trend (2024-2032)
        9.5.3    Tunnel Liners
            9.5.3.1    Historical Trend (2018-2023)
            9.5.3.2    Forecast Trend (2024-2032)
        9.5.4    Bridges and Highways
            9.5.4.1    Historical Trend (2018-2023)
            9.5.4.2    Forecast Trend (2024-2032)
        9.5.5    Others
    9.6    North America Waterproofing Market by Country
        9.6.1    United States of America
        9.6.2    Canada
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    Canada
        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
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    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
        13.2.1    BASF SE
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    GCP Applied Technologies Inc.
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    DuPont de Nemours, Inc.
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Wacker Chemie AG
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Sika AG
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    GAF Materials LLC
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Arkema SA
            13.2.7.1    Company Overview
            13.2.7.2    Product Portfolio
            13.2.7.3    Demographic Reach and Achievements
            13.2.7.4    Certifications
        13.2.8    Evonik Industries AG.
            13.2.8.1    Company Overview
            13.2.8.2    Product Portfolio
            13.2.8.3    Demographic Reach and Achievements
            13.2.8.4    Certifications
14    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Waterproofing Market: Key Industry Highlights, 2018 and 2032
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, 2018 and 2032
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

Key Questions Answered in the Report

In 2023, the market value was approximately USD 20.39 billion.

The market is projected to grow at a CAGR of 4.9% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 31.28 billion by 2032.

The market drivers include growing construction activities, government investment in infrastructure development, and innovations in waterproofing technologies.

The key trends include demand for sustainable waterproofing solutions for green building initiatives and increasing repair and renovation activities.

The different types of waterproofing include liquid membrane, cementitious membrane, bituminous membrane, and thermoplastic membrane (PVC, Others).

The major applications of waterproofing include roofs and balconies, parking deck, tunnel liners, and bridges and highways, among others.

The major players in the market include BASF SE, GCP Applied Technologies Inc., DuPont de Nemours, Inc., Wacker Chemie AG, Sika AG, GAF Materials LLC, Arkema SA, Evonik Industries AG.

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