U.S. Commercial Restoration Waterproofing Membranes Market Size Report, 2023-2032
The U.S. Commercial Restoration Waterproofing Membranes market size was exhibited at USD 2.01 billion in 2022 and is projected to hit around USD 3.46 billion by 2032, growing at a CAGR of 5.6% during the forecast period 2023 to 2032.
Key Pointers:
U.S. Commercial Restoration Waterproofing Membranes Market Report Scope
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Report Coverage |
Details |
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Market Size in 2023 |
USD 2.12 Billion |
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Market Size by 2032 |
USD 3.46 Billion |
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Growth Rate from 2023 to 2032 |
CAGR of 5.6% |
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Base year |
2022 |
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Forecast period |
2023 to 2032 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Product, application |
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Key companies profiled |
Sika AG; BASF SE; Kemper System America, Inc.; DuPont de Nemours, Inc.; GAF Materials Corporation; Johns Manville |
Rising emphasis on disaster management plans in government and private offices to minimize economic losses during calamities is expected to drive the market growth. The U.S. is one of the major countries which witnessed a severe impact due to the outbreak of COVID-19 pandemic in 2020. The lockdown strategies and social distancing norms in the U.S. restricted the building and construction activities, thus postponing the commercial restoration projects and negatively impacting the demand for waterproofing membranes.
The pandemic also led to imposition of lockdown regulations in the countries engaged in production of precursor materials for waterproofing solutions. These regulations also led to transport restrictions, thus disrupting the global supply chain. This in turns further impacted production of waterproofing membranes in the U.S.
The use of waterproofing membranes helps in increasing the life of building structure, as they avoid the corrosions of TMT bars and other structural instruments due to issues such as water leakage, which may cause problems like lowering of structural strength. Thus, companies in the U.S. tend to invest a large sum of money over repair and maintenance of buildings to keep up operations and avoid losses due to them.
The U.S. is witnessing an emerging trend of disaster management insurance schemes at the time of construction of buildings. Various agencies are involved in providing such schemes via long-term agreements with customer companies, which involves making disaster management plans, repair works at the time of occurrence, training of employees, and risk analysis of the building locations from various disasters.
New waterproofing systems, when compared to traditional systems, offer advantages in terms of cost reduction, better planning, and overall concrete protection. Technological innovations aimed for the development of new materials for waterproofing by companies such as Sika AG and BASF SE are expected to remain critical success factors for market growth over the forecast period.
Product Insights
Liquid applied membranes products led the U.S. commercial restoration waterproofing membranes market and accounted for about 80.9% share of the global revenue in 2022. In addition, these membranes are expected to witness the highest growth over the forecast period on account of increasing infrastructural investment, along with the growing awareness about the product and its cost-effectiveness.
Polyurethane liquid membranes offer advantages over traditional waterproofing solutions owing to their high functionality in geometrically complicated connections and low energy usage. In addition, these products offer aesthetically and structurally seamless solutions, thus exhibiting high growth potential over the forecast period.
Sheet membrane products are expected to expand at a CAGR of 5.6% over the forecast period, on account of their high functionality in underground structures. These products offer high strength, durability, and tear resistance properties, thus are suitable for utilization in suitable structures such as swimming pools and tunnels.
Bituminous segment dominated the U.S. commercial restoration sheet membranes demand and accounted for a notable market revenue share in 2022. Bituminous sheets have been used traditionally in roofing applications. However, the black color of the product is considered to absorb heat which is expected to restrain the market growth over the forecast period
Application Insights
Roofing application led the market and accounted for about 32.4% share of the revenue in 2022, as this being a preferred option for protection against rainwater and environmental moisture. In addition, the membranes also offer high thermal resistance and strength properties to roofing materials to withhold foot traffic.
In case of large area, generally sheet products are preferred, whereas in case of smaller areas, liquid applied membranes are preferred. Sheet products are preferred over liquid applied membranes, in large areas on account of their ability to cover gaps and bridge over cracks with higher effectiveness.
Building structures also emerged as one of the largest end-use segments for commercial restoration waterproofing membranes, as they are applied to improve the shelf life of the building and protect the structure from varying temperatures. Liquid applied membranes are highly preferred for building structures as they provide high level of protection to the initial paint coat.
Sheet membranes are primarily used in flooring applications, to reduce the risk of accidents. With growing number of infrastructural projects such as renewable power generation, water treatment systems, and others, the demand for waterproofing membranes, particularly liquid applied solutions is likely to grow over the next eight years.
Some of the prominent players in the U.S. Commercial Restoration Waterproofing Membranes Market include:
Segments Covered in the Report
This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the U.S. Commercial Restoration Waterproofing Membranes market.
By Product
By Application
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Nova one advisor’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage
3.1.1. U.S. Restoration Industry Overview
3.2. Penetration & Growth Prospect Mapping
3.3. U.S. Commercial Restoration Waterproofing Membranes Market - Value Chain Analysis
3.4. Regulatory Framework
3.4.1. Standard & Compliances
3.5. U.S. Commercial Restoration Waterproofing Membranes Market - Market Dynamics
3.5.1. Market Driver Analysis
3.5.1.1. Growing awareness regarding commercial restoration activities in the U.S.
3.5.1.2. Growing polyurethane liquid membranes demand
3.5.2. Market Restraint Analysis
3.5.2.1. Fluctuating raw material prices
3.5.3. Industry Challenge Analysis
3.5.3.1. Impact of COVID-19 pandemic
3.5.4. Industry Opportunity Analysis
3.6. Business Environmental Tools Analysis: U.S. Commercial Restoration Waterproofing Membranes Market
3.6.1. Porter’s Five Forces Analysis
3.6.1.1. Bargaining Power of Suppliers
3.6.1.2. Bargaining Power of Buyers
3.6.1.3. Threat of Substitution
3.6.1.4. Threat of New Entrants
3.6.1.5. Competitive Rivalry
3.6.2. PESTLE Analysis
3.6.2.1. Political Landscape
3.6.2.2. Economic Landscape
3.6.2.3. Social Landscape
3.6.2.4. Technology Landscape
3.6.2.5. Environmental Landscape
3.6.2.6. Legal Landscape
Chapter 4. U.S. Commercial Restoration Waterproofing Membranes Market: Product Estimates & Trend Analysis
4.1. U.S. Commercial Restoration Waterproofing Membranes Market: Product Movement Analysis, 2020 & 2032
4.2. Liquid Applied Membranes
4.2.1. Market estimates and forecasts, 2020 - 2032
4.2.2. Cementitious
4.2.2.1. Market estimates and forecasts, 2020 - 2032
4.2.3. Bituminous
4.2.3.1. Market estimates and forecasts, 2020 - 2032
4.2.4. Polyurethane
4.2.4.1. Market estimates and forecasts, 2020 - 2032
4.2.5. Acrylic
4.2.5.1. Market estimates and forecasts, 2020 - 2032
4.2.6. Others
4.2.6.1. Market estimates and forecasts, 2020 - 2032
4.3. Sheet Membranes
4.3.1. Market estimates and forecasts, 2020 - 2032
4.3.2. Bituminous
4.3.2.1. Market estimates and forecasts, 2020 - 2032
4.3.3. Polyvinylchloride (PVC)
4.3.3.1. Market estimates and forecasts, 2020 - 2032
4.3.4. Ethylene Propylene Diene Monomer (EPDM)
4.3.4.1. Market estimates and forecasts, 2020 - 2032
4.3.5. Others
4.3.5.1. Market estimates and forecasts, 2020 - 2032
Chapter 5. U.S. Commercial Restoration Waterproofing Membranes Market: Application Estimates & Trend Analysis
5.1. U.S. Commercial Restoration Waterproofing Membranes Market: Application Movement Analysis, 2020 & 2032
5.2. Roofing
5.2.1. Market estimates and forecasts, 2020 - 2032
5.3. Walls
5.3.1. Market estimates and forecasts, 2020 - 2032
5.4. Building Structures
5.4.1. Market estimates and forecasts, 2020 - 2032
5.5. Landfills & Tunnels
5.5.1. Market estimates and forecasts, 2020 - 2032
5.6. Others
5.6.1. Market estimates and forecasts, 2020 - 2032
Chapter 6. Competitive Landscape
6.1. Key Global Players, Their Initiatives, & Its Impact on the Market
6.2. Competitive Environment
6.3. Vendor Landscape
6.4. Public Companies
6.4.1. Company Market Positioning
6.4.2. SWOT Analysis
6.4.2.1. Sika AG
6.4.2.1.1. Strengths
6.4.2.1.2. Weakness
6.4.2.1.3. Opportunities
6.4.2.1.4. Threats
6.4.2.2. DuPont de Nemours, Inc.
6.4.2.2.1. Strengths
6.4.2.2.2. Weakness
6.4.2.2.3. Opportunities
6.4.2.2.4. Threats
6.5. Private Companies
6.5.1. List of key emerging companies & their geographical presence
Chapter 7. Company Profiles
7.1. Sika AG
7.1.1. Company overview
7.1.2. Financial performance
7.1.3. Product benchmarking
7.1.4. Strategic initiatives
7.2. BASF SE
7.2.1. Company overview
7.2.2. Financial performance
7.2.3. Product benchmarking
7.3. Kemper System America, Inc.
7.3.1. Company overview
7.3.2. Product benchmarking
7.4. DuPont de Nemours, Inc.
7.4.1. Company overview
7.4.2. Financial performance
7.4.3. Product benchmarking
7.5. GAF Materials Corporation
7.5.1. Company overview
7.5.2. Product benchmarking
7.6. Johns Manville
7.6.1. Company overview
7.6.2. Product benchmarking
7.7. Alchimica
7.7.1. Company overview
7.7.2. Product benchmarking
7.8. Saint-Gobain Weber GmbH
7.8.1. Company overview
7.8.2. Product benchmarking
7.9. Isomat S.A.
7.9.1. Company overview
7.9.2. Product benchmarking
7.10. Covestro AG
7.10.1. Company overview
7.10.2. Financial performance
7.10.3. Product benchmarking
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers