Increasing need for below grade waterproofing membranes on account of the benefits offered to building structures, including water resistance, moisture resistance, and easy applicability and maintenance, is expected to boost the market growth. In addition, the market is expected to register notable gains on account of high product demand in infrastructure end-use segment.
Growing scarcity of water coupled with growing restriction on discharge of industrial and municipal wastewater are driving the demand for wastewater treatment plants. Thus, application of below grade membranes in wastewater treatment plants to prevent the groundwater contamination and leaching is anticipated to boost the product demand.
Waterproofing membranes manufacturers mainly distribute their products through a network of authorized distributors. Waterproofing contractors serve as the primary consumers of the below grade membranes. As a result, the major manufacturers have developed contractor outreach programs in order to gauge their specific requirements and offer them customized solutions.
North America Below Grade Waterproofing Membranes Market Report Highlights
- The commercial application segment is expected to expand at a of CAGR 3.0% in terms of revenue, over the forecast period on account of increasing urbanization and growing government support to develop tourist and commercial infrastructure.
- Mexico is expected to expand at the fastest CAGR of 4.3% from 2023 to 2030, on account of the flourishing construction industry.
- The infrastructure segment is held the largest revenue share in 202, owing to growing regulatory support for product adoption in the development of tunnels, bridges and subways
- Manufacturers are continually optimizing the production technology to attain the lowest possible installation time by using improving the adhesive technology and providing the product installation training to the construction laborers.
Table of Contents
Companies Profiled
- Sika
- W. R. Meadows, Inc.
- BASF SE
- MAPEI S.p.A.
- Kemper System
- GCP
- Minerals Technologies Inc.
- GAF
- Kryton International Inc.
- RPM International Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 57 |
Published | November 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 389 Million |
Forecasted Market Value ( USD | $ 470 Million |
Compound Annual Growth Rate | 2.4% |
Regions Covered | North America |
No. of Companies Mentioned | 10 |