U.S. Waterproofing Market Future Prospects
The U.S. waterproofing market will generate an estimated revenue of USD 14.7 billion in 2024, and witness a CAGR of 7.4%, during 2024–2030, reaching USD 22.0 billion by 2030.
The need to minimize water damage to residential, commercial, and infrastructure projects propels the need for waterproofing solutions in the country. They play a significant role in guaranteeing durability and structural integrity and increasing the life of buildings and structures.
Essentially, the growing construction activities in the U.S. will help this market grow further. In 2023, the construction industry of the U.S. was valued at USD 1.8 trillion.
In the U.S., 98% of the basements will experience some kind of water damage at least once. Additionally, restoring water damage typically costs between USD 1,322 and USD 5,954 in the U.S. which encourages the need for waterproofing.