North America Waterproofing Membranes Market Growth 2023

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In order to prevent water intrusion into tunnels, buildings, and bridges, waterproofing membranes are essentially thin layers of material. These membranes have the barrier-forming ability to keep water from soaking through surfaces. Usually, water-light materials like plastic, rubber, or bitumen are utilised to produce them. They are commonly utilised in places like basements, roofs, and foundations where there is a possibility of water damage. Among the many advantageous properties of waterproofing membranes are their resilience to UV rays and chemicals, as well as their longevity and flexibility. Their appeal for waterproofing applications might be attributed to how easy they are to install and maintain.

According to SPER Market Research, ‘North America Waterproofing Membranes Market Size- By Type, By Raw Material, By Grade, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the North America Waterproofing Membranes Market is estimated to reach USD 15,691.09 million by 2033 with a CAGR of 4.83%.

Drivers:

The continuous urbanisation of affluent nations and the growing urbanisation of North American economy are the primary drivers of infrastructure spending. The need for public and private sector infrastructure developments, such as power plants, electrical grids, water supply and treatment facilities, highways, trains, airports, bridges, telecommunications networks, schools, and hospitals, has increased due to an increase in infrastructure spending. The building and construction sectors want materials that are high-performing, robust, lightweight, flexible, and long-lasting. Waterproofing membranes are becoming more and more necessary as building materials need to be incredibly constant in both quality and function in order to support infrastructure expansion.

Restraints:

There are risks associated with using waterproofing chemicals or membranes for both the environment and human health. Spray-on waterproofing membranes have the potential to be hazardous for the user and other nearby staff members. These materials might include fluorinated compounds, which can harm the lungs and create other respiratory issues such chemical pneumonitis when they come into touch with the respiratory system. Similarly, workers may be exposed to hazardous vapours during the application of bitumen-based membranes. Prolonged exposure to these vapours can cause bronchitis and other respiratory conditions, such as sore noses. Extended work hours have also been connected to a rise in pharyngeal and nasal complaints in people.

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Impact of COVID-19 on North America Waterproofing Membranes Market

The COVID-19 pandemic had a significant impact on the waterproofing membranes industry in North America. It also resulted in supply chain interruptions, construction project delays, and a labour scarcity. These causes resulted in a temporary drop in both production capacity and demand. However, the market is getting better as a consequence of government stimulus plans, increased spending on residential and infrastructure development, and a move towards renovation projects during the recovery phase. As the industry heals and adjusts to new difficulties, there will be an increasing need for excellent waterproofing solutions because the pandemic highlighted the significance of using strong and durable building approaches.

North America Waterproofing Membranes Market Key Players:

Owing to an increase in the number of both residential and commercial buildings, the United States held the biggest market share in the North American waterproof membrane market. The key players of the market 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:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

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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