PUBLISHER: Grand View Research | PRODUCT CODE: 1404648
PUBLISHER: Grand View Research | PRODUCT CODE: 1404648
The North America below grade waterproofing membranes market size is expected to reach USD 470.0 million by 2030, registering a CAGR of 2.4% during the forecast period, according to a new report by Grand View Research, Inc. Growing consumer awareness regarding structural damage caused due to underground water intrusion is projected to drive the market over the forecast period.
Increasing need for below grade waterproofing membranes on account of the benefits offered to building structures, including water resistance, moisture resistance, and easy applicability and maintenance, is expected to boost the market growth. In addition, the market is expected to register notable gains on account of high product demand in infrastructure end-use segment.
Growing scarcity of water coupled with growing restriction on discharge of industrial and municipal wastewater are driving the demand for wastewater treatment plants. Thus, application of below grade membranes in wastewater treatment plants to prevent the groundwater contamination and leaching is anticipated to boost the product demand.
Waterproofing membranes manufacturers mainly distribute their products through a network of authorized distributors. Waterproofing contractors serve as the primary consumers of the below grade membranes. As a result, the major manufacturers have developed contractor outreach programs in order to gauge their specific requirements and offer them customized solutions.