The ‘North America Waterproofing Market Size, Share, Price, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the North America waterproofing market, assessing the market on the basis of its segments like type, application, and country.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
North America Waterproofing Market Share, Size, Price, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 7.2%
The North America waterproofing market is expected to register growth during the forecast period on account of the increasing awareness about the benefits of waterproofing among consumers. Waterproofing helps in keeping houses or any specific building dry and helps decrease the humidity inside the building and thus shielding contents of the building from damage due to water exposure or humidity. The protection capabilities of waterproofing are further expected to gain consumer traction and boost the market growth of waterproofing in the coming time frame.
On the basis of application, the roofs and balconies segment is expected to bolster the North America waterproofing market growth on account of the surging construction activities in the residential sector. Going further, roofs are severely open to rainwater and atmospheric moisture. Thus, the demand for waterproofing is expected to enhance in the North America region.
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The increasing usage of waterproofing in tunnel liners is further expected to boost the growth of the North America waterproofing market. Moreover, for waterproofing in underground structures or tunnels, it is significant to consider the whole system rather than the individual waterproofing layers. The increasing popularity of tunnel waterproofing across the tunnelling industry is further driving market growth over the coming years.
North America Waterproofing Industry Definition and Major Segments
Waterproofing is a technique that protects structures and buildings from water damage. It prevents water from entering buildings and permeating through surfaces, maintaining the dryness of inside areas and the structural integrity of the water-facing structures. Further, it can help in decreasing the humidity in the building.
Based on type, the market is segmented into:
- Liquid Membrane
- Bituminous Coating
- Polyurethane Membrane
- Epoxy
- Acrylic
- Cementitious Membrane
- Bituminous Membrane
- Thermoplastic Membrane (PVC, Others)
By application, the market is categorised into:
- Roofs and Balconies
- Parking Deck
- Tunnel Liners
- Bridges and Highways
- Others
Based on countries, the market is divided into:
- United States
- Canada
North America Waterproofing Market Trends
The liquid membrane segment is expected to drive the North America waterproofing market on account of the surging awareness towards the benefits of liquid membranes like ease of installation and cost-effectiveness. Surging construction projects as well as housing developments are increasing the demand for waterproofing, in new constructions as well as upgrades to older buildings.
In liquid membranes, the increasing use of polyurethane membrane segment is a key trend. This is because it has uniform thickness which makes its use easy among different applications. Such membranes are generally employed for purposes like waterproofing roofs, and wet rooms along with water and sewage treatment plants, and stadium stands, among others. This further is expected to fuel the segment growth in the market in the coming time frame.
Geographically, the United States is anticipated to drive the North America waterproofing market growth on account of the increasing number of construction activities in the region. The growing investments in the construction and infrastructure, automotive, and healthcare industries is expected to enhance the demand for waterproofing membranes in the country. Moreover, the growing government support for the development of innovative infrastructure is further likely to boost the market growth of waterproofing in the upcoming years.
Meanwhile, Canada is expected to propel the market growth of waterproofing over the upcoming years on account of the cold and wet weather in the country and the growing demand for waterproofing for residential as well as commercial infrastructure.
Key Market Players
The major players in the North America waterproofing market report are 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, and Arkema SA, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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