The Market of Below-Grade Waterproofing to grow beyond US$ 2045.5 million by 2024
February 19, 2020
Below-Grade Waterproofing Market Overview:
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.
Report Overview:
This new report from Stratview Research analyses the Below-Grade Waterproofing Market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Below-Grade Waterproofing Market Segment Insights:
Material Type: Polymers, Bitumen, Bentonite, Rubberized Asphalt, and others
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.
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Membrane Type: Sheet-based and Liquid-coated
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
Position Type: Positive Side, Negative Side, and Blind Side
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.
End-User Type: Commercial Building, Residential Building, and Public Infrastructure
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.
A highly/moderately/fragment consolidated Market
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.
Region: Asia-Pacific is expected to remain the largest below-grade waterproofing market
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.
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