North America Below Grade Waterproofing Membranes Market To Reach $470.0 Million By 2030

North America Below Grade Waterproofing Membranes Market Growth & Trends

The North America below grade waterproofing membranes market size is expected to reach USD 470.0 million by 2030, registering a CAGR of 2.4% during the forecast period, according to a new report by Grand View Research, Inc. Growing consumer awareness regarding structural damage caused due to underground water intrusion is projected to drive the market over the forecast period.

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.

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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.

North America Below Grade Waterproofing Membranes Market Segmentation

Grand View Research has segmented the North America below grade waterproofing membranes market report based on application, and region:

North America Below Grade Waterproofing Membranes Application Outlook (Volume, Million Square Meters, Revenue, USD Million, 2018 - 2030)

• Commercial

• Residential

• Industrial

• Infrastructure

North America Below Grade Waterproofing Membranes Regional Outlook (Volume, Million Square Meters, Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

List of Key Players of the North America Below Grade Waterproofing Membranes Market

• Sika

• W. R. Meadows, Inc.

• BASF SE

• MAPEI S.p.A.

• Kemper System

• GCP

• Minerals Technologies Inc.

• GAF

• Kryton International Inc.

• RPM International Inc.