Below-Grade Waterproofing Market to reach US$ 2045.5 million in 2024
February 04, 2020
Below-Grade Waterproofing Market offers healthy growth opportunity and is likely to reach an estimated value of US$ 2,045.5 million in 2024. Increasing building and infrastructure activities owing to rebounding economy, increasing global investments for the construction of high-rise buildings and infrastructures, high focus on protection of buildings and infrastructures from corrosion and weather conditions, and increasing demand for energy-efficient buildings are the major growth drivers of the market.
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Below-Grade Waterproofing Market Segment Insights:
By Material Type:
The market is firstly segmented based on material type as Polymers, Bitumen, Bentonite, Rubberized Asphalt, and others. The polymers segment is expected to remain the growth engine of the market during the forecast period of 2019 to 2024. The segment is likely to witness the highest growth over the next five years. The high synthetic polymer production to support rising population and urbanization, an introduction of high-performance below-grade waterproofing system and a gradual shift from bitumen to synthetic polymers are the major growth drivers of the segment over the next five years.
By Membrane Type:
Based on the membrane type, the market is segmented as Sheet-based and Liquid-coated. Sheet-based membrane expected to remain the most dominant membrane type in the market during the forecast period of 2019 to 2024. Increasing usage of breathable waterproofing membranes and environmentally safe products would remain the major growth drivers of sheet-based below-grade waterproofing membrane market over the next five years.
By Position Type:
Based on the position type, the market is segmented as Positive Side, Negative Side, and Blind Side. The positive side is projected to remain the dominant segment of the market over the next five years, whereas blind side is likely to be the fastest-growing segment during the same period, driven by its suitability with zero property line application.
By End-Use Industry Type:
Based on the end-user type, the market is segmented as Commercial Building, Residential Building, and Public Infrastructure. The commercial building segment is expected to remain the largest in the market during the forecast period. Increasing construction activities of high-rise buildings coupled with increasing preference of waterproofing systems in foundations and basements are the major growth drivers of it in the commercial building segment. Residential as well as public infrastructure segments are also expected to create sizeable opportunities during the same period.
By Region:
Based on regions, Asia-Pacific is expected to remain the largest below-grade waterproofing market during the forecast period. The region is also expected to experience the highest growth during the same period. Continuous growth in the construction and infrastructure sector in emerging Asian economies, such as China and India, are driving the demand for the below-grade waterproofing system in the region.
North America and Europe, other major markets, are also likely to generate favorable growth opportunities in the coming years. The USA is the growth engine of the North American market, whereas Germany, France, and the UK the major markets for below-grade waterproofing systems in Europe.
Key Players:
The supply chain of this market comprises raw materials suppliers, below-grade waterproofing manufacturers, distributors, and contractors. The key below-grade waterproofing system manufacturers are GCP Applied Technologies, Sika AG, RPM International Inc., Carlisle Companies Inc., BASF SE, Minerals Technologies Inc., and MAPEI. Developing high-performance below-grade waterproofing systems, expanding geographically, and executing mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
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