North America waterproofing market to rise 4% through 2019

Polyurea, PU, rubber coatings and polymeric sheet membranes are the products expected to grow fast.

September 05, 2017

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Polyurea, PU, rubber coatings and polymeric sheet membranes are the products expected to grow fast.

A report from building and construction research and consulting firm Principia Consulting predicts that the commercial waterproofing market in North America will post an annual growth rate of nearly 4 percent to 2019. Principia’s analysis is said to be derived from interviews with 550 manufacturers, dealers, distributors, contractors and property owners.

According to the report, the North America commercial waterproofing market is very concentrated and competitive. Vigorous construction projects and the popularity of “green” or environment-friendly building take the credit for the said growth. The first is said to comprise 77 and 76 percent of commercial waterproofing market size and value, respectively. In addition, waterproofing products have been highly sought after in 2016, with demand reaching $888 million.

Waterproofing membrane manufacturers and suppliers aiming to make progress in the North America market can focus on fast-growing product lines mentioned in the report, including polyurea, PU, rubber coatings and polymeric sheet membranes. These are said to outpace asphaltic and cementitious variants throughout the forecast period.

It is also helpful to take note that North America consumers, professionals in the building industry, are looking forward to more cost-efficient overall waterproofing solutions.

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