U.S. Commercial Restoration Waterproofing Membranes Market Size to Exceed US$ 2.04 billion by 2030

2022-06-16

[150+ Pages Report] According to Nova one advisor, The U.S. Commercial Restoration Waterproofing Membranes market size was valued at US$ 750.9 million in 2021 and is expected to hit US$ 2.04 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.9% from 2022 to 2030. Growth Factors: 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. Full Report is Ready | Request Sample of This Report@ 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. Report Scope of the U.S. Commercial Restoration Waterproofing Membranes Market Report Coverage Details Market Size in 2021 USD 750.9 million Revenue Projection By 2030 USD 2.04 Billion Growth Rate CAGR of 6.9% from 2022 to 2030 Base Year 2021 Historical data 2017 - 2020 Forecast Period 2022 to 2030 Segments Covered Product, application Companies Mentioned Sika AG; BASF SE; Kemper System America, Inc.; DuPont de Nemours, Inc.; GAF Materials Corporation; Johns Manville Product Insights Liquid applied membranes products led the U.S. commercial restoration waterproofing membranes market and accounted for about 79.2% share of the global revenue in 2021. 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 6.1% 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 2021. 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. Full Report is Ready |Quick Buy This Premium Report From Here: Application Insights Roofing application led the market and accounted for about 30% share of the revenue in 2021, 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: 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 Segments Covered in the Report This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at U.S. for the period of 2017 to 2030 By Product Liquid Applied Membranes Cementitious Bituminous Polyurethane Acrylic Others Sheet Membranes Bituminous PVC EPDM Others By Application Roofing Walls Building Structures Landfills & Tunnels Others Click Here to View Full Report Table of Contents Key Questions Answered in U.S. Commercial Restoration Waterproofing Membranes Market Report What will be the sales/revenue generated by U.S. Commercial Restoration Waterproofing Membranes across all regions during the forecast period? What are the opportunities in the U.S. Commercial Restoration Waterproofing Membranes market? What are the major drivers, restraints, opportunities, and threats in the market? Which regional market is set to expand at the fastest CAGR during the forecast period? Which application is expected to generate the highest revenue U.S. in 2030? Which segment is projected to expand at the highest CAGR during the forecast period? What is the market position of different companies operating in the U.S. market? Full Report is Ready |Quick Buy This Premium Report From Here: You can place an order or ask any questions, please feel free to sales@novaoneadvisor.com| +1 9197 992 333 About Us Nova One Advisor is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Nova One Advisor has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. 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