North America Waterproofing Membranes Market Share, Demand, Trends, Revenue, CAGR Status, Business Challenges, Growth Opportunities Till 2033


North America Waterproofing Membranes Market Share, Demand, Trends, Revenue, CAGR Status, Business Challenges, Growth Opportunities Till 2033: SPER Market Research

 Category : Chemical & Materials

 Published: Jun-2024
 Author: SPER Analyst

North America Waterproofing Membranes Market is projected to be worth 15,691.09 million by 2033 and is anticipated to surge at a CAGR of 4.83%.

Waterproofing membranes are essentially thin layers of material that can be used to protect buildings, bridges, and tunnels from water infiltration. The barrier-forming function of these membranes is to prevent water from penetrating surfaces. Water-light materials like bitumen, rubber, or plastic are typically used to make them. They are frequently used in locations where there is a chance of water damage, such as basements, roofs, and foundations. Among waterproofing membranes' numerous beneficial qualities are their durability, flexibility, and resistance to chemicals and UV light. Their simplicity of installation and upkeep is the reason behind their popularity for waterproofing applications.

North America Waterproofing Membranes Market Driving Factors and Challenges

Driving Factors: The main factors driving infrastructure spending are the rising urbanisation of North American economies and the sustained urbanisation of advanced nations. An increase in infrastructure spending has created a huge need for both public and private sector infrastructure expansions, including power plants, electrical grids, water supply and treatment facilities, highways, trains, airports, bridges, telecommunications networks, schools, and hospitals. Materials that are strong, lightweight, durable, flexible, and high-performing are required in the building and construction industries. Since building materials must have extraordinarily consistent quality and performance to enable infrastructure expansion, there is an increasing need for waterproofing membranes.

Challenges: Using waterproofing chemicals or membranes carries dangers for both the environment and human health. Waterproofing membranes that are sprayed on could be dangerous for both the user and other adjacent personnel. These substances may contain fluorinated compounds, which when they come into contact with the respiratory system can cause respiratory problems such as chemical pneumonitis, lung damage, and others. Similarly, when bitumen-based membranes are applied, workers may be exposed to dangerous fumes. Extended contact with these vapours may result in bronchitis or other respiratory disorders, including sore noses. Longer working hours have also been linked to an increase in nose and pharyngeal symptoms in individuals.

Impact of COVID-19 on North America Waterproofing Membranes Market
Significant effects on the waterproofing membranes business in North America were caused by the COVID-19 pandemic, which also caused supply chain disruptions, delays in construction projects, and a manpower shortage. A transitory decline in demand and production capacity was caused by these factors. Yet, the market is improving as a result of government stimulus packages, higher investment on infrastructure and residential development, and a shift towards renovation projects throughout the recovery period. The need for superior waterproofing solutions will grow as the sector recovers and adapts to new challenges, as the pandemic brought to light the importance of robust and durable building techniques.

North America Waterproofing Membranes Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as are Canseal Protective Coatings, Carlisle Construction Materials, Dupont, Flex Membranes International Corp, Gcp Applied Technologies Inc, Johns Manville, Laticrete International, Inc, Renolit Se, Sika Ag, Solmax, Wacker Chemie Ag, and Others.

North America Waterproofing Membranes Market Segmentation:

By Type: Based on the Type, North America Waterproofing Membranes Market is segmented as; Applied Membranes, Sheet Based Membranes, Built-Up or Laminate Membrane and Injectable Waterproofing.

By Raw Material: Based on the Raw Material, North America Waterproofing Membranes Market is segmented as; Modified Bitumen, PVC, EPDM, TPO, HDPE, LDPE, Others.

By Grade: Based on the Grade, North America Waterproofing Membranes Market is segmented as; Grade-1, Grade-2, Grade-3.

By Application: Based on the Application, North America Waterproofing Membranes Market is segmented as; Roofing & Walls, Building Structures, Waste & Water Management, Mining Application, Tunnel Liners, Bridges & Highways and Others.

By Region: This research also includes data for U.S., Canada, Mexico, Rest of North America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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