North America Waterproofing Membranes Market Synopsis
North America Waterproofing Membranes Market is propelling growth during the forecast period. The growth of the market is ascribed to factors such as increasing awareness about sustainability, and growing demand for green buildings, and increasing water and energy prices. The waterproofing membranes are used in various applications such as aircraft, automotive, and naval applications. The growing adoption of these membranes in various applications is due to the increase in global greenhouse gas emissions. Furthermore, stringent environmental protocols are driving the North America Waterproofing Membranes Market Growth in the years to come. Additionally, the rising investments in the construction sector and growing awareness about water and environment preservation among businesses is also expected to fuel the demand for waterproofing membranes.
According to 6Wresearch, North America Waterproofing Membranes Market is expected to grow during 2022-2028. The increasing awareness among homeowners and businesses about the benefits of waterproofing membranes and stringent regulations in various industries across the region are propelling the demand for North America Waterproofing Membranes Industry. The growing construction industry, increasing demand for energy-efficient buildings, growing investment in infrastructure, increase in oil and gas production activities in certain regions, increased focus on energy efficiency by end users, and increasing use of sustainable materials are also contributing to the growth of this market. The primary drivers for this growth are increasing awareness about the benefits of using waterproofing membranes in buildings, growing demand from commercial and institutional sectors, and rise in retrofit projects. However, lack of knowledge about the product, and lack of infrastructure are expected to hamper the growth of the market.
Impact of COVID-19 on North America Waterproofing Membranes Market
The outbreak of COVID-19 pandemic has led to a significant decline in the North America Waterproofing Membranes Market as construction activities have come to a halt due to lockdown imposed by the governments across the world. The construction industry in North America has been adversely affected by the COVID-19 pandemic. Moreover, the construction activity across residential, commercial, and industrial sectors has come to a standstill due to lockdown restrictions which has led to decline in demand for waterproofing membranes from construction sector, thereby impacting market growth negatively. Furthermore, increase in cost of raw materials amid the crisis is another major challenge faced by market players operating in North America region.
Market analysis based on Countries
Based on Countries, the market is bifurcated into United States and Canada. Among these, Canada held the largest share of the North America Waterproofing Membranes Market owing to its growing population and thriving construction industry. However, United States has been emerging as a major player in this market on the account of increasing focus on green building initiatives and growing demand from end users.
Market analysis based on Product
By Product, the market is diverged into Polymers, Bitumen, Polymer Modified Cement, and Others. The Bitumen segment is expected to dominate the North America Waterproofing Membranes Market share owing to the safety feature against protecting water damage.
Market analysis based on Application
By Application, the market is categorized into Liquid Applied Membranes and Sheet Membranes. The Liquid Applied Membranes is dominating the market share during the forecast period due to high elastic properties. Β
Market analysis based on End-Use
By End-Use, the market is divided into Roofing, Walls, Building Structures, Landfills & Tunnels, and Others. The Building Structures segment is leading the market share owing to the properties that improve the shelf life.
Competitive Landscape
The North America Waterproofing Membranes Market Size is expected to expand owing to increasing awareness about the importance of watertight and waterproofing systems in buildings and commercial spaces. Major companies are engaged in manufacturing various types of membranes, including oleophobic, hydrophobic, and hydrophilic membranes. Some of the leading companies offer a wide range of products such as tapes, sheet vinyls, and films. In addition, they have adopted various strategies such as expansion into new geographies, development of new product lines, and mergers & acquisitions to gain an advantage over their rivals. In addition, technological advancements such as enhanced performance and reduced installation time are also contributing to market growth.
Key attractiveness of the report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2021.
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- North America Waterproofing Membranes Market Outlook
- Market Size of North America Waterproofing Membranes Market, 2021
- Forecast of North America Waterproofing Membranes Market, 2028
- Historical Data and Forecast of North America Waterproofing Membranes Revenues & Volume for the Period 2018 - 2028
- North America Waterproofing Membranes Market Trend Evolution
- North America Waterproofing Membranes Market Drivers and Challenges
- North America Waterproofing Membranes Price Trends
- North America Waterproofing Membranes Porter's Five Forces
- North America Waterproofing Membranes Industry Life Cycle
- Historical Data and Forecast of North America Waterproofing Membranes Market Revenues & Volume By Product for the Period 2018 - 2028
- Historical Data and Forecast of North America Waterproofing Membranes Market Revenues & Volume By Polymers for the Period 2018 - 2028
- Historical Data and Forecast of North America Waterproofing Membranes Market Revenues & Volume By Bitumen for the Period 2018 - 2028
- Historical Data and Forecast of North America Waterproofing Membranes Market Revenues & Volume By Polymer modified cement for the Period 2018 - 2028
- Historical Data and Forecast of North America Waterproofing Membranes Market Revenues & Volume By Others for the Period 2018 - 2028
- Historical Data and Forecast of United States Waterproofing Membranes Market Revenues & Volume By Product for the Period 2018 - 2028
- Historical Data and Forecast of United States Waterproofing Membranes Market Revenues & Volume By Polymers for the Period 2018 - 2028
- Historical Data and Forecast of United States Waterproofing Membranes Market Revenues & Volume By Bitumen for the Period 2018 - 2028
- Historical Data and Forecast of United States Waterproofing Membranes Market Revenues & Volume By Polymer modified cement for the Period 2018 - 2028
- Historical Data and Forecast of United States Waterproofing Membranes Market Revenues & Volume By Others for the Period 2018 - 2028
- Historical Data and Forecast of Canada Waterproofing Membranes Market Revenues & Volume By Product for the Period 2018 - 2028
- Historical Data and Forecast of Canada Waterproofing Membranes Market Revenues & Volume By Polymers for the Period 2018 - 2028
- Historical Data and Forecast of Canada Waterproofing Membranes Market Revenues & Volume By Bitumen for the Period 2018 - 2028
- Historical Data and Forecast of Canada Waterproofing Membranes Market Revenues & Volume By Polymer modified cement for the Period 2018 - 2028
- Historical Data and Forecast of Canada Waterproofing Membranes Market Revenues & Volume By Others for the Period 2018 - 2028
- Historical Data and Forecast of North America Waterproofing Membranes Market Revenues & Volume By Application for the Period 2018 - 2028
- Historical Data and Forecast of North America Waterproofing Membranes Market Revenues & Volume By Liquid Applied Membranes for the Period 2018 - 2028
- Historical Data and Forecast of North America Waterproofing Membranes Market Revenues & Volume By Sheet Membranes for the Period 2018 - 2028
- Historical Data and Forecast of United States Waterproofing Membranes Market Revenues & Volume By Application for the Period 2018 - 2028
- Historical Data and Forecast of United States Waterproofing Membranes Market Revenues & Volume By Liquid Applied Membranes for the Period 2018 - 2028
- Historical Data and Forecast of United States Waterproofing Membranes Market Revenues & Volume By Sheet Membranes for the Period 2018 - 2028
- Historical Data and Forecast of Canada Waterproofing Membranes Market Revenues & Volume By Application for the Period 2018 - 2028
- Historical Data and Forecast of Canada Waterproofing Membranes Market Revenues & Volume By Liquid Applied Membranes for the Period 2018 - 2028
- Historical Data and Forecast of Canada Waterproofing Membranes Market Revenues & Volume By Sheet Membranes for the Period 2018 - 2028
- Historical Data and Forecast of North America Waterproofing Membranes Market Revenues & Volume By End-Use for the Period 2018 - 2028
- Historical Data and Forecast of North America Waterproofing Membranes Market Revenues & Volume By Roofing for the Period 2018 - 2028
- Historical Data and Forecast of North America Waterproofing Membranes Market Revenues & Volume By Walls for the Period 2018 - 2028
- Historical Data and Forecast of North America Waterproofing Membranes Market Revenues & Volume By Building Structures for the Period 2018 - 2028
- Historical Data and Forecast of North America Waterproofing Membranes Market Revenues & Volume By Landfills & tunnels for the Period 2018 - 2028
- Historical Data and Forecast of North America Waterproofing Membranes Market Revenues & Volume By Others for the Period 2018 - 2028
- Historical Data and Forecast of United States Waterproofing Membranes Market Revenues & Volume By End-Use for the Period 2018 - 2028
- Historical Data and Forecast of United States Waterproofing Membranes Market Revenues & Volume By Roofing for the Period 2018 - 2028
- Historical Data and Forecast of United States Waterproofing Membranes Market Revenues & Volume By Walls for the Period 2018 - 2028
- Historical Data and Forecast of United States Waterproofing Membranes Market Revenues & Volume By Building Structures for the Period 2018 - 2028
- Historical Data and Forecast of United States Waterproofing Membranes Market Revenues & Volume By Landfills & tunnels for the Period 2018 - 2028
- Historical Data and Forecast of United States Waterproofing Membranes Market Revenues & Volume By Others for the Period 2018 - 2028
- Historical Data and Forecast of Canada Waterproofing Membranes Market Revenues & Volume By End-Use for the Period 2018 - 2028
- Historical Data and Forecast of Canada Waterproofing Membranes Market Revenues & Volume By Roofing for the Period 2018 - 2028
- Historical Data and Forecast of Canada Waterproofing Membranes Market Revenues & Volume By Walls for the Period 2018 - 2028
- Historical Data and Forecast of Canada Waterproofing Membranes Market Revenues & Volume By Building Structures for the Period 2018 - 2028
- Historical Data and Forecast of Canada Waterproofing Membranes Market Revenues & Volume By Landfills & tunnels for the Period 2018 - 2028
- Historical Data and Forecast of Canada Waterproofing Membranes Market Revenues & Volume By Others for the Period 2018 - 2028
- North America Waterproofing Membranes Market - Key Performance Indicators
- North America Waterproofing Membranes Market - Import Export Trade Statistics
- North America Waterproofing Membranes Market - Opportunity Assessment By Countries
- North America Waterproofing Membranes Market - Opportunity Assessment By Product
- North America Waterproofing Membranes Market - Opportunity Assessment By Application
- North America Waterproofing Membranes Market - Opportunity Assessment By End-Use
- North America Waterproofing Membranes Market - Top Companies Market Share
- North America Waterproofing Membranes Market - Top Companies Profiles
- North America Waterproofing Membranes Market - Comparison of Players in Technical and Operating Parameters
- North America Waterproofing Membranes Market - Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Countries
By Product
- Polymers
- Bitumen
- Polymer Modified Cement
- Others
By Application
- Liquid Applied Membranes
- Sheet Membranes
By End-Use
- Roofing
- Walls
- Building Structures
- Landfills & Tunnels
- Others