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The Below-Grade Waterproofing Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Below-Grade Waterproofing is the increasing demand for Below-Grade Waterproofing in various industries.
This report on the Below-Grade Waterproofing Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Below-Grade Waterproofing Market. The report intends to present a thorough analysis of the Below-Grade Waterproofing Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Below-Grade Waterproofing Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Below-Grade Waterproofing Market are-
GCP Applied Technologies
Sika AG
RPM International Inc.
Carlisle Companies Inc.
BASF SE
Mineral Technologies Inc.
Soprema Group
Beijing Oriental Yuhong Waterproof Technology Co., Ltd.
Jiangsu Canlon Building Materials Co., Ltd.
Keshun Waterproof Technology Co., ltd.,
Henry Company.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Below-Grade Waterproofing Market value and growth drivers over the trend period of 2022-27. According to the report -
Below-grade (below ground level) waterproofing is one of the key technologies used in the construction industry that is now becoming an essential step to protect a structure from water. It is performed with an aim to restrict the penetration of water through any below-grade structure. Below-grade waterproofing is performed through either a sheet-based membrane or liquid-coated membrane, depending upon the type of waterproofing material. High-density polyethylene (HDPE), thermoplastic olefin (TPO), ethylene propylene diene monomer (EPDM), polyvinyl chloride (PVC), bitumen (bituminous and modified bitumen, etc.), bentonite (such as sodium bentonite), and rubberized asphalt are some of the materials, which are extensively used in below-grade waterproofing market.
Increasing demand for energy-efficient buildings coupled with an expected increase in the organic growth of construction industry once the aftermath of pandemic ends, asserts positive comeback in the demand for below-grade waterproofing, taking the global market to reach US$ 1.4 billion by 2025, offering good growth opportunities for the market participants as well as investors in the long run.
Segment Analysis:
Based on Material Type:
The below-grade waterproofing market is firstly segmented based on the material type as polymers, bitumen, bentonite, rubberized asphalt, and others. The polymer is expected to remain the most dominant material type in the below-grade waterproofing market during the forecast period of 2020 to 2025. From 2021 onwards, the polymers segment is likely to recover at the fastest pace till 2027. The high synthetic polymer production to support rising population and urbanization, an introduction of a 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 long run.
Based on Region:
Among regions, in 2021, Asia-Pacific is expected to witness the least decline in the demand for below-grade waterproofing. The region is also likely to remain the largest below-grade waterproofing market during the forecast period. The region is also expected to log the fastest recovery during the same period. The expected increase in investment in the construction sector post-pandemic, along with continued growth in the construction and infrastructure sector in emerging Asian economies, such as China and India, will drive the demand for the below-grade waterproofing in the region in the long run.
North America and Europe, other major markets, are also likely to experience a hefty decline in the demand for below-grade waterproofing in 2021. The North American market is anticipated to recover at the least pace compared to other regions. In Europe, Germany, France, and the UK are the major markets for below-grade waterproofing, facing a significant decline in the demand in 2021; with the UK is expected to suffer the biggest decline in the European as well as the global market in 2021 due to the pandemic.
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