The new report by Expert Market Research titled, ‘Global Below Grade Waterproofing Market Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the global below grade waterproofing market assessing the market based on its segments like type, membrane type, application, end use, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2021): USD 1507.3 Million
- Forecast CAGR (2023-2028): 5.5%
- Forecast Market Size (2027): USD 2078.4 Million
The growth of global below grade waterproofing is driven by the increasing construction activities due to rising industrialisation and urbanisation. The rising population and urbanisation have led to the development of underground construction thereby driving the growth of below-grade waterproofing market. Additionally, renovation and restoration of old tunnels and basements is also expected to propel the growth further. The global below-grade waterproofing market, in the forecast period, is further pushed by the research and development of better waterproofing methods.
Industry Definition and Major Segments
Below-grade waterproofing also known as below ground or basement waterproofing is the protection of walls of tunnels and basements from damage due to environmental factors such as humidity. It involves application of various membranes or coatings on the surface.
Based on material type, the product can be divided into:
- Rubberized Asphalt
Based on membrane type, it can be segmented into:
- Sheet based
- Liquid based
The application sector for below grade waterproofing can be segmented into:
- Fully Bonded
- Loose Laid
The end use can be segmented into:
- Public infrastructure
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
Regionally, Asia Pacific is expected to be the largest shareholder in the global below-grade waterproofing market. This can be attributed to rapid urbanisation and industrialisation in the emerging economies such as China and India. Further, developing real estate projects due to increasing population and inflating disposable incomes in the region will bolster the growth in the forecast period. Latin America and Middle East & Africa are expected to show moderate growth due to increasing construction activities. Meanwhile, North America and Europe are expected to show a steady growth in the forecast period.
Key Market Players
The major players in the market are Carlisle Companies Inc., GCP Applied Technologies Inc, RPM International Inc, BASF SE, DU Pont, Wacker Chemie AG, Sika AG, WR Grace & Co., and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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