Below-Grade Waterproofing Market

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The Below-Grade Waterproofing Market was valued at US$ 1.4 billion in 2022 and registered a healthy YoY growth of 4.0% from its 2021 market value. The market is expected to grow at a healthy CAGR of 4.1% over the next five years to reach an annual market size of US$ 1.8 billion in 2028.

Below-grade (below-ground level) waterproofing is one of the key technologies used in the construction industry that is now becoming an essential step to protect a structure from water. It is performed to restrict the penetration of water through any below-grade structure. Below-grade waterproofing is performed through either a sheet-based membrane or a liquid-coated membrane, depending upon the type of waterproofing material. High-density polyethylene (HDPE), thermoplastic olefin (TPO), ethylene propylene diene monomer (EPDM), polyvinyl chloride (PVC), bitumen (bituminous and modified bitumen, etc.), bentonite (such as sodium bentonite), and rubberized asphalt are some of the materials, which are extensively used in below-grade structures.