|Base Year Market Size
|USD XX Billion
|Forecast Year Market Size
|USD XX Billion
The North America Hydrophilic Waterstop market is expected to reach USD 267.87 million by 2030, with a CAGR of 3.65%.
Hydrophilic waterstops are designed to keep water from leaking from or entering concrete structures by expanding in response to the presence of water and forming an impenetrable barrier due to this expansion. They are versatile and can be used for various purposes, such as shielding structures from the deterioration caused by a continuous flow of water and maintaining the necessary structural integrity.
Hydrophilic waterstops in building joints made of cast-in-place concrete are just one of many possible applications. Because of their adaptability and flexibility, hydrophilic waterstops are simple to place around pipe penetrations, I-beams, concrete pilings, and other surfaces with an uneven shape. In addition, hydrophilic waterstops are utilised to seal newly installed concrete up against previously placed concrete. In addition, they are not only lightweight and flexible, but they also do not call for the use of any prefabricated Ts, Ls, or crosses that have been specially ordered. The ease with which this particular style of waterstop may be installed makes it a popular choice among contractors.
The construction industry in the United States has increased by 1.8% in 2021 and is expected to grow by 3.7% in 2022.
It assumes that the residential construction sector will continue to grow in the coming quarters despite ongoing supply chain challenges such as a shortage of building materials and rising prices, a lack of skilled labour, and expensive land. All of these increase building costs for new homes, causing project delays and driving up house price inflation.
The residential construction sector has been the outstanding performer in the United States' economic recovery from the Coronavirus (COVID-19) crisis, posting double-digit growth rates since the third quarter of 2020 and contributing significantly to the economy the construction industry's overall recovery. Low mortgage rates, strong demand for larger living spaces, and a very low housing inventory in the market continue to support the sector.
Following the Senate's overwhelming bipartisan approval of the long-awaited infrastructure spending bill on August 10th, 2021, which includes long-term investments in transportation, energy, utilities, and climate-related initiatives, sentiment toward the infrastructure and power sector has improved. While the new bill falls short of President Joe Biden's original US$2.3 trillion proposals, it does include US$550 billion in new federal spending over the next five years to invest in various U.S. infrastructure sectors.
If it comes into touch with water, hydrophilic Waterstop based on bentonite expands even more quickly than concrete. In addition to this, it does not return to its initial shape. After some time has passed, the once high-quality item begins to degrade and fall apart. When it is exposed to saltwater or contaminated water, it does not experience any swelling. The Waterstops are a significant contributor to the product's overall weakness throughout its lifetime.
Additionally, modified chloroprene rubber (MCR) does not expand or contract, does not swell in fluids (except for water), has a sluggish swelling time, and does not swell. Although Waterstops are useful for water, you should try to avoid using them for other fluids. Even the Waterstops made of PVC, the most popular type, might be difficult to install properly in some circumstances. Honeycombing is the result of improper compaction around the Waterstop, and the high probability of concrete shrinkage can lead to small gaps between the concrete and PVC. Both of these issues can be avoided by good compaction.
The North America Hydrophilic Waterstop market is segmented into The U.S., Mexico & Canada, based on country. Industrial real estate has demonstrated its resilience, particularly since the outbreak of the COVID-19 pandemic. It has accelerated the growth of e-commerce and increased demand for distribution space to unprecedented levels. According to a June 2021 report, the United States will need to add 330 million square feet of warehouse space dedicated to online fulfilment by 2025 to keep up with the expected growth in e-commerce sales over the same period. Demand for warehouse space in Canada far outnumbers supply, increasing industrial construction.
|J.P. Specialities Inc. Sika AG Aquafin GCP Applied Technologies Inc. Normet W. R. MEADOWS, INC. Fosroc Inc. SCP Concrete Sealing Technology Limited Pozamet Rockmax Stratmore Construction Solutions Ltd. Daeryong Co.Ltd. BPA GMBH Perma Construction Aids Pvt. Ltd.
|Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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mARKETThe North America Hydrophilic Waterstop Market is segmented by product into bentonite, natural rubber, PVC, polyurethane, synthetic rubber, acrylic, and others.
In 2021, the segment that dealt in PVC accounted for the largest share of the market. Because it is embedded in the concrete joints, PVC water-stop functions as a continuous watertight diaphragm to restrict any seepage of liquids in construction joints subject to hydrostatic pressure. It is done to prevent any damage to the structure. It can accommodate lateral and transverse movements, enabling it to suit moving joints. Since it was designed for expansion or contraction joints, it can also accommodate moving joints.
The Hydrophilic (Swellable) Waterstop Market is classified into industrial, commercial, institutional, and others based on application. In 2021, the commercial segment held the largest market share. This segment is expected to grow in the coming years.