U.S. Commercial Restoration Waterproofing Membranes Market To witness Huge Expansion By 2030
U.S. Commercial Restoration Waterproofing Membranes Market Summary
The U.S. commercial restoration waterproofing membranes market size was estimated at USD 715.8 million in 2020 and is projected to expand at a compound annual growth rate (CAGR) of 5.4% from 2021 to 2028. The market is anticipated to witness steady growth owing to the increasing emphasis on disaster management strategies implemented by government bodies and private organizations, aimed at minimizing economic losses during natural calamities. The rising concerns about long-term building durability and infrastructure protection further contribute to the demand for advanced waterproofing systems in restoration projects across commercial segments.
In 2020, the U.S. experienced a significant setback due to the widespread impact of the COVID-19 pandemic. The enforcement of lockdown measures and social distancing protocols halted ongoing building and construction activities across the country, leading to delays in commercial restoration projects. This temporary suspension in operations negatively influenced the demand for waterproofing membranes, creating a considerable dip in market momentum during the year.
Key Market Trends & Insights
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Market Size & Forecast
Key Companies & Market Share Insights
The U.S. commercial restoration waterproofing membranes industry is fragmented due to the presence of numerous players, including established names such as Sika AG, Covestro AG, and BASF SE. These companies are continuously exploring opportunities to enhance their market position by expanding their operational scope across the value chain. Strategic backward or forward integration remains a common approach adopted by these manufacturers to achieve greater control over supply chains and reduce production costs.
Some manufacturers have begun venturing into raw material production to ensure a stable and cost-effective supply of essential inputs. For instance, BASF, a prominent player in the waterproofing membrane space, also engages in the production of key precursor materials such as polymers and bitumen. This enables them to maintain cost efficiency through captive consumption and reduce dependency on external suppliers, thereby improving profitability and production continuity.
Key Players
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Conclusion
The U.S. commercial restoration waterproofing membranes market is set to grow steadily due to increased emphasis on infrastructure resilience and disaster management. While the COVID-19 pandemic presented short-term challenges such as disrupted supply chains and project delays, recovery in construction activities and awareness about building protection is expected to propel market expansion. Liquid applied membranes and roofing applications will likely dominate due to their versatility and effectiveness. Additionally, the involvement of key manufacturers in backward integration and raw material production is anticipated to streamline operations and reduce costs, offering competitive advantages. The market remains dynamic with innovation and strategic expansion driving long-term growth.
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