1. What is the projected Compound Annual Growth Rate (CAGR) of the Below-Grade Waterproofing Membranes Market?
The projected CAGR is approximately 13.6%.
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Below-Grade Waterproofing Membranes Market by Material (Bitumen, Polymers, Rubberized Asphalt, Others), by End-use (Residential, Commercial, Others), by By Geography (North America) Forecast 2025-2033
The Below-Grade Waterproofing Membranes Market size was valued at USD 2.57 USD Billion in 2023 and is projected to reach USD 6.27 USD Billion by 2032, exhibiting a CAGR of 13.6 % during the forecast period. Liquid membranes such as coal-tar pitch, asphalt, as well as rubberized asphalt, PVC and EPDM, are used as below-grade waterproofing to address the structural integrity of buildings by opposing pressure and chemical causes. There are seven different types of them used in constructing both commercial and infrastructural projects as well as in residential houses used to protect basements, tunnels, and foundations. Traditional roll-built, liquid-applied and pre-formed membranes address specific applications. AM can improve the performance and the durability of the technologies used in manufacturing processes. It includes protecting against water damage, mould or structure decay, increased costs due to decreased energy efficiency, and sustainable construction. Such membranes are important in ensuring below-ground structures are not affected and therefore, a crucial element in the construction industry.

The below-grade waterproofing membranes market is poised for significant growth from 2023 to 2031, as detailed in this comprehensive market analysis. This report provides insightful projections of market size and growth rates, along with a deep dive into prevailing industry trends, equipping stakeholders with the data-driven insights necessary for informed strategic decision-making. The analysis includes detailed profiles of key market players, examining their competitive strategies, product portfolios, recent innovations, and market share. This allows for a nuanced understanding of the competitive landscape and emerging opportunities.
Our analysis offers a holistic geographical perspective, encompassing in-depth regional breakdowns for North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. This granular regional analysis identifies specific market dynamics, including key growth drivers, regional regulatory landscapes, and unique challenges within each region, enabling businesses to develop tailored strategies for maximum impact and market penetration. The report considers the influence of factors such as urbanization, infrastructure projects, building codes, and environmental regulations on market growth in each region.
Furthermore, the report integrates valuable perspectives from leading industry experts, analysts, and key stakeholders. These qualitative insights provide a crucial context for understanding emerging technologies, such as innovative membrane materials and installation techniques, the increasing focus on sustainable building practices, and the evolving regulatory frameworks impacting the industry. This combination of quantitative and qualitative data offers a complete picture of the market's trajectory and potential future disruptions.
By leveraging this comprehensive analysis, businesses operating within the below-grade waterproofing membranes market can confidently navigate the evolving landscape, make strategic decisions, identify lucrative opportunities, and maintain a competitive edge. The report serves as a crucial resource for informed investment, market entry strategies, and long-term business planning.
The global below-grade waterproofing membranes market is geographically segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Currently, North America holds the largest market share, driven by robust construction activity and stringent building codes. Europe follows closely, exhibiting a mature market with a focus on sustainable and high-performance materials. The Asia-Pacific region is projected to experience the fastest growth during the forecast period, fueled by rapid urbanization, significant infrastructure development projects, and a rising demand for modern, waterproof buildings. Latin America and the Middle East & Africa are also expected to demonstrate considerable growth, although at a potentially slower pace, driven by increasing construction investments and improving infrastructure.
The report provides insights into consumer preferences, buying behaviour, and product usage patterns. It also includes an analysis of consumer demographics and psychographics.
The report provides an analysis of the demand for below-grade waterproofing membranes across various end-use segments. It also includes an analysis of demand drivers and restraints.
The report provides an analysis of import and export data for below-grade waterproofing membranes. It includes an analysis of trade flows and trade barriers.
The report provides an analysis of pricing strategies adopted by major players in the market. It also includes an analysis of pricing trends and drivers.
The report provides a segmentation of the market based on material, end-use, and region. It provides detailed insights into each segment and its growth prospects.
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 13.6% from 2019-2033 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research

Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 13.6%.
Key companies in the market include BASF SE (Germany), GCP Applied Technologies, Inc. (U.S.), MAPEI Corporation (Italy), Minerals Technologies Inc. (U.S.), Polyguard (U.S.), RPM International Inc. (U.S.), Sika AG (Switzerland), SOPREMA US (U.S.), TAMKO Building Products LLC (U.S.), W. R. Meadows, Inc. (U.S.), AVM Industries (U.S.), Jiangsu CanlonBuilding Materials Co., Ltd. (China), Carlisle Companies Incorporated (U.S.), DörkenSystems Inc. (Canada), Oriental YuhongWaterproof Technology Co. Ltd. (China), Penetron (U.S.), XypexChemical Corporation (Canada), MAX FRANK Group (Germany).
The market segments include Material, End-use.
The market size is estimated to be USD 2.57 USD Billion as of 2022.
Rapid Urbanization to Create Demand for New Infrastructure. Driving the Market Growth.
Rising Adoption of Green Building Practices to Create New Market Opportunities.
Fluctuating Raw Material Prices and Need for Skilled Labor During Installation to Hamper Market Growth.
November 2022: Polyglass U.S.A. launched Mapeseal GC, a new waterproofing membrane for the building envelope. Mapeseal GC is a cold-fluid-applied, single-component, fast-curing, monolithic waterproofing membrane for damp and green concrete applications. The company also recommends to reinforce Mapeseal GC with Mapeseal Fabric in critical applications.
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The market size is provided in terms of value, measured in USD Billion and volume, measured in Kiloton.
Yes, the market keyword associated with the report is "Below-Grade Waterproofing Membranes Market," which aids in identifying and referencing the specific market segment covered.
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