North America Waterproofing Market Outlook
According to a new report by Expert Market Research titled, “North America Waterproofing Market Size, Share, Report and Forecast 2024-2032″, the North America waterproofing market is projected to grow at a CAGR of 4.9% between 2024 and 2032. Aided by rapidly growing construction industry and growing urbanisation, the market is expected to grow significantly by 2032.
Waterproofing, an imperative measure undertaken to prevent water ingress and ensure the longevity of structures, is essential in safeguarding buildings from potential water-induced damages. The systems and products in waterproofing includes membranes, sealants, and integral systems, all of which are employed extensively to circumvent moisture penetration and ensure structural resilience.
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One of the pivotal North America waterproofing market trends is the rise in the adoption of advanced waterproofing technologies. The contemporary waterproofing solutions not only fend off water infiltration but also impart benefits like energy conservation due to their insulating properties. This dual benefit, especially in a region known for its fluctuating climatic conditions, has driven many homeowners and businesses to adopt advanced waterproofing measures.
Fuelling the North America waterproofing market growth further is the rising consciousness regarding the importance of foundational and structural health in buildings. As people become increasingly educated about the long-term economic savings that accompany effective waterproofing—owing to reduced maintenance and repair costs—the demand for such solutions rise.
A deeper North America waterproofing market analysis highlights the region’s evolving architectural panorama. As the construction sector observe a rise in the creation of basements, underground spaces, and multi-storeyed structures, the demand for comprehensive waterproofing solutions escalates. Particularly in regions susceptible to heavy rainfall or snow, waterproofing becomes a requirement, boosting the market’s expansion.
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Moreover, with growing urbanisation and rising standards of living, the North America waterproofing market demand is also expected to rise rapidly. As the population grows and urban areas expand, the need for infrastructural development also grows. Residential complexes, commercial spaces, and public infrastructures, all demand high-quality waterproofing solutions to ensure their durability and efficiency.
North America Waterproofing Market Segmentation
The market can be divided based on type, application, and country.
Market Breakup by Type
- Liquid Membrane
- Bituminous Coating
- Polyurethane Membrane
- Epoxy
- Acrylic
- Cementitious Membrane
- Bituminous Membrane
- Thermoplastic Membrane (PVC, Others)
Market Breakup by Application
- Roofs and Balconies
- Parking Deck
- Tunnel Liners
- Bridges and Highways
- Others
Market Breakup by Country
- United States of America
- Canada
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America waterproofing market. Some of the major players explored in the report by Expert Market Research are as follows:
- 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
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