PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1635074
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1635074
The U.S. waterproofing market is projected to grow from an estimated $14.7 billion in 2024 to $22.1 billion by 2030, reflecting a compound annual growth rate (CAGR) of 7.1% during the forecast period. This growth is driven by the increasing need to prevent water damage in residential, commercial, and infrastructure projects, ensuring structural integrity and longevity. The U.S. construction industry's valuation of $1.8 trillion in 2023 further underscores the demand for effective waterproofing solutions. Notably, 98% of basements in the U.S. are expected to experience some form of water damage at least once, with restoration costs ranging between $1,322 and $5,954, highlighting the economic benefits of proactive waterproofing measures.
Key Insights
There is a growing emphasis on integrated building envelope solutions that combine waterproofing systems with components like barriers and insulation. This holistic approach addresses moisture control, air tightness, and thermal performance, leading to energy-efficient and durable constructions.
The expansion of the construction sector, particularly in the southern U.S., is a significant driver for the waterproofing market. The region's favorable climate and economic conditions contribute to increased building projects, thereby boosting the demand for waterproofing solutions.
Roofs and balconies represent the largest application segment, accounting for a substantial share of the market. The necessity to protect these areas from water infiltration is critical to maintaining the structural health of buildings.
While the southern U.S. holds the largest market share, the northeastern region is anticipated to experience the fastest growth during the forecast period. This trend is attributed to increasing urbanization and infrastructure development in the area.
The U.S. waterproofing market is characterized by a consolidated landscape, with key players focusing on product innovation and strategic partnerships to enhance their market presence and meet the evolving demands of the construction industry.