U.S. Commercial Restoration Waterproofing Membranes Market Size | Future Growth Analysis 2033

U.S. Commercial Restoration Waterproofing Membranes Market Size and Growth

The U.S. commercial restoration waterproofing membranes market size was exhibited at USD 718.85 million in 2023 and is projected to hit around USD 1,239.59 million by 2033, growing at a CAGR of 5.6% during the forecast period 2024 to 2033.

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Key Takeaways:

• Liquid applied membranes products led the U.S. commercial restoration waterproofing membranes market and accounted for about 81% share of the global revenue in 2023.
• Sheet membrane products are expected to expand at a CAGR of 5.5% over the forecast period.
• Roofing application led the market and accounted for about 30% share of the revenue in 2023.

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 2023. 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.

Some of the prominent players in the U.S. commercial restoration waterproofing membranes market include:

• Sika AG
• BASF SE
• Kemper System America, Inc.
• DuPont de Nemours, Inc.
• GAF Materials Corporation
• Johns Manville
• Alchimica
• Saint-Gobain Weber GmbH
• Isomat S.A.
• Covestro AG

The U.S. commercial restoration waterproofing membranes market has been experiencing significant trends driven by various factors including advancements in technology, regulatory changes, and evolving customer needs. Here are some of the key trends observed:

Growing Demand for Sustainable Products:

• There is an increasing emphasis on environmentally friendly and sustainable waterproofing solutions. Manufacturers are developing membranes that have low VOC (volatile organic compounds) content and are made from recycled or renewable materials to meet green building standards such as LEED (Leadership in Energy and Environmental Design).

Technological Advancements:

• Innovations in membrane technology are leading to the development of more durable, efficient, and easy-to-apply products. Self-adhesive membranes, liquid-applied membranes, and hybrid systems that combine the best features of multiple types of membranes are gaining popularity.

Increasing Renovation and Restoration Projects:

• The aging infrastructure in the U.S. is driving the demand for restoration projects. This includes the need to upgrade and waterproof existing commercial buildings to extend their lifespan and ensure safety. The focus is particularly strong in urban areas where maintaining older structures is critical.

Stringent Building Codes and Regulations:

• Changes in building codes and regulations are pushing the market towards higher performance standards for waterproofing materials. Compliance with updated regulations often requires the use of advanced membranes that offer better protection against water infiltration and damage.

Focus on Energy Efficiency:

• Waterproofing membranes that also contribute to the energy efficiency of buildings are in demand. For example, membranes that provide thermal insulation properties help in reducing energy costs, making them attractive to commercial building owners and managers.

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