Dublin, Nov. 28, 2022 (GLOBE NEWSWIRE) -- The "Below-Grade Waterproofing Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The below-grade waterproofing market quickly rebounded from 2021 onwards and is expected to grow at a healthy CAGR of 5.5% to reach a value of US$ 1.7 Billion by 2027
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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 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 structures.
Below-grade waterproofing is widely used in public infrastructure, commercial & residential buildings in structures, such as basements, foundations, planters, tunnels, bridges, elevator pits, and drainage systems. The below-grade waterproofing market currently represents less than a 5% share of the overall waterproofing market. The cost of waterproofing the structures amounts to less than 1% of the total construction cost and saves an equivalent amount or more in future repair and maintenance costs over the service life of the structure.
The outbreak of COVID-19 severely impacted several industries worldwide, with the construction industry proving to be one of its biggest victims. Stringent government measures, taken by the local authorities and governments of several countries, such as the lockdown of major economies, to control the spread of the pandemic not only paused the construction industry growth; but also caused supply chain disruptions.
The lockdown dented the organic growth of the construction industry, which resulted in deteriorated workload activities, production halts, rising raw material costs, and project delays. Many countries shut down their manufacturing sector which led to a sharp decrease in the production of a wide range of materials. The impact of this was quite visible in the construction industry with a shortage of materials causing higher material prices and project delays. As a result of that, the below-grade waterproofing market witnessed a -9.1% decline in 2020.
Increasing demand for energy-efficient buildings coupled with an expected increase in the organic growth of the construction industry, asserts a positive comeback in the need for below-grade waterproofing, offering good growth opportunities for the market participants and investors in the long run.
The market is heading toward consolidation as the industry is noticing several mergers & acquisitions, especially in the past few years. The announcement of Sika to acquire MBCC and the acquisition of GCP Applied Technologies and Chryso by Saint Gobain are the most noticeable ones among several M&As performed. It is anticipated that the market is likely to further consolidate in the coming years.
Another trend, which is the result of the pandemic, which is changing the entire market dynamics is supply chain disruption. The supply chain crisis is keeping the procurement team engaged throughout time. Lockdowns, labor crises, and inconsistent demand are some of causing factors for supply chain crises. As a result of that, there is a sudden spike in raw material prices. It is anticipated that the supply chain remains one of the biggest challenges for industry stakeholders in the near future.
Key Players
The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the below-grade waterproofing market.
- GCP Applied Technologies
- Sika AG
- RPM International Inc
- Carlisle Companies, Inc
- Mineral Technologies, Inc
- MBCC Group
Other major players are MAPEI S.p.A., Soprema Group, Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Jiangsu Canlon Building Materials Co., Ltd., and Henry Company.
Key Topics Covered:
1. Executive Summary
2. Below-Grade Waterproofing Market Environment Analysis
2.1. Supply Chain Analysis
2.2. PEST Analysis
2.3. Industry Life Cycle Analysis
2.4. Market Drivers
2.5. Market Challenges
3. Below-Grade Waterproofing Market Assessment (2016-2027)
3.1. Below-Grade Waterproofing Market Trend and Forecast (US$ Million)
3.2. Pre-COVID vs Post-COVID Assessment
3.3. Real GDP Loss vs Below-Grade Waterproofing Market Loss (2022-2024)
3.4. Market Scenario Analysis: Growth Trajectories in Different Market Conditions
4. Below-Grade Waterproofing Market Segment Analysis (2016-2027)
4.1. Material-Type Analysis
4.1.1. Polymers: Regional Trend and Forecast (US$ Million)
4.1.2. Bitumen: Regional Trend and Forecast (US$ Million)
4.1.3. Bentonite: Regional Trend and Forecast (US$ Million)
4.1.4. Rubberized Asphalt: Regional Trend and Forecast (US$ Million)
4.1.5. Others: Regional Trend and Forecast (US$ Million)
4.2. Membrane-Type Analysis
4.2.1. Sheet-Based Waterproofing: Regional Trend and Forecast (US$ Million)
4.2.2. Liquid-Coated Waterproofing: Regional Trend and Forecast (US$ Million)
4.3. Position-Type Analysis
4.3.1. Positive Side: Regional Trend and Forecast (US$ Million)
4.3.2. Blind Side: Regional Trend and Forecast (US$ Million)
4.3.3. Negative Side: Regional Trend and Forecast (US$ Million)
4.4. Application-Type Analysis
4.4.1. Fluid-Applied Waterproofing: Regional Trend and Forecast (US$ Million)
4.4.2. Fully Bonded Waterproofing: Regional Trend and Forecast (US$ Million)
4.4.3. Self-Adhered Waterproofing: Regional Trend and Forecast (US$ Million)
4.4.4. Loose-Laid Waterproofing: Regional Trend and Forecast (US$ Million)
4.5. End-User-Type Analysis
4.5.1. Commercial Building: Regional Trend and Forecast (US$ Million)
4.5.2. Residential Building: Regional Trend and Forecast (US$ Million)
4.5.3. Public Infrastructure: Regional Trend and Forecast (US$ Million)
4.6. Regional Analysis
4.6.1. North American Below-Grade Waterproofing Market: Country Analysis
4.6.1.1. The USA's Below-Grade Waterproofing Market T&F (US$ Million)
4.6.1.2. Canadian Below-Grade Waterproofing Market T&F (US$ Million)
4.6.1.3. Mexican Below-Grade Waterproofing Market T&F (US$ Million)
4.6.2. European Below-Grade Waterproofing Market: Country Analysis
4.6.2.1. German Below-Grade Waterproofing Market T&F (US$ Million)
4.6.2.2. French Below-Grade Waterproofing Market T&F (US$ Million)
4.6.2.3. Russian Below-Grade Waterproofing Market T&F (US$ Million)
4.6.2.4. The UK's Below-Grade Waterproofing Market T&F (US$ Million)
4.6.2.5. RoE's Below-Grade Waterproofing Market T&F (US$ Million)
4.6.3. Asia-Pacific's Below-Grade Waterproofing Market: Country Analysis
4.6.3.1. Indian Below-Grade Waterproofing Market T&F (US$ Million)
4.6.3.2. Chinese Below-Grade Waterproofing Market T&F (US$ Million)
4.6.3.3. Japanese Below-Grade Waterproofing Market T&F (US$ Million)
4.6.3.4. RoAP's Below-Grade Waterproofing Market T&F (US$ Million)
4.6.4. Rest of the World's (RoW) Below-Grade Waterproofing Market: Sub-Region Analysis
4.6.4.1. Latin American Below-Grade Waterproofing Market T&F (US$ Million)
4.6.4.2. The Middle Eastern Below-Grade Waterproofing Market T&F (US$ Million)
4.6.4.3. Other Below-Grade Waterproofing Market T&F (US$ Million)
5. Competitive Analysis
5.1. Market Consolidation Level
5.2. Competitive Landscape
5.3. Market Share Analysis
5.4. Product Portfolio Analysis
5.5. Geographical Presence
5.6. New Product Launches
5.7. Strategic Alliances
5.8. Porter's Five Forces Analysis
6. Strategic Growth Opportunities
6.1. Market Attractiveness Analysis
6.1.1. Market Attractiveness by Material Type
6.1.2. Market Attractiveness by Membrane Type
6.1.3. Market Attractiveness by Position Type
6.1.4. Market Attractiveness by Application Type
6.1.5. Market Attractiveness by End-User Type
6.1.6. Market Attractiveness by Region
6.1.7. Market Attractiveness by Country
6.2. Growth Matrix Analysis
6.3. Strategic Implications
6.4. Key Success Factors (KSFs)
7. Company Profile of Key Players (Alphabetically Arranged)
7.1. Beijing Oriental Yuhong Waterproof Technology Co., Ltd.
7.2. Carlisle Companies Inc.
7.3. GCP Applied Technologies
7.4. Jiangsu Canlon Building Materials Co., Ltd.
7.5. Keshun Waterproof Technology Co., Ltd.
7.6. MAPEI S.p.A
7.7. MBCC Group
7.8. Mineral Technologies Inc.
7.9. RPM International Inc.
7.10. Sika AG
8. Appendix
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