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2021
U.s. Waterstop Market

U.S. Waterstop Market

by Material (Polyvinyl Chloride (PVC), Rubber, Metals, and Others), Application (Walls, Water Tanks, Tunnels, Parking Structure, and Others), and End Use (Residential, Commercial, and Industrial): Opportunity Analysis and Industry Forecast, 2020-2027
Update Available On-Demand

Report Code: A11223
Pages: 112
May 2021 | 2324 Views
Author(s) : Saurabh D, Rutuja D , Eswara P
Tables: 30
Charts: 41
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U.S. Waterstop Market Outlook - 2020–2027

The U.S. waterstop market size was valued at $750.6 million in 2019, and is projected to reach $983.5 million by 2027, growing at a CAGR of 4.9% from 2020 to 2027.

Waterstop is a waterproof element used in construction joints of concrete structures to obstruct the movement of water through those joints. It provides various advantages, including high flexibility, elasticity, tensile strength, bearing hydrostatic pressure, excellent durability, and others. Waterstops are used in various construction structures such as dams, tunnels, canals, aqueducts, water treatment facilities, storage tanks, foundations, parking structures, and others. In the U.S., there is rise in investment toward building municipal water treatment infrastructures to provide clean water to residential consumers, which in turn is expected to drive the growth of the waterstop market during the forecast period. 

US-Waterstop-Market

The growth of the U.S. waterstop market is driven by rise in building & construction of water infrastructure, transport infrastructure, residential & commercial building, and other constructions in the country. However, high cost associated with the waterstop along with lack of awareness toward using waterstop in construction applications is expected to restrain the market growth in the upcoming years. On the contrary, advantages of using waterstop as waterproofing material and technological advancements toward production of waterstops using eco-friendly materials are anticipated to create lucrative opportunity for the key players in the U.S. waterstop market.

The U.S. waterstop market is segmented on the basis of material, application, and end use. The study highlights various types of materials used in the production of waterstop available in the market such as polyvinyl chloride (PVC), rubber, metals, and others. On the basis of application, the report includes revenue generated through applications such as walls, water tanks, parking structures, tunnels, and others. The end uses covered in the study include residential, commercial, and industrial. 

The key players operating in the U.S. waterstop market are BoMetals, Inc., GCP Applied Technologies, Inc., Henry Company, JP Specialties, Inc., Minerals Technologies, Inc., Sika AG, Trelleborg AB, West American Rubber Company, LLC, Williams Products, Inc., and W.R. Meadows, Inc.

Other players operating in the value chain of the U.S. waterstop market are Durajoint, OCM, Inc., TegraSeal Products, Inc., Maccaferri, Inc., and others.

The U.S. waterstop market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2020–2027. The report includes the study of the U.S. waterstop market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.

U.S. Waterstop Market
By Material

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PVC is projected as the most lucrative segment.

By material, the polyvinyl chloride (PVC) segment held the largest U.S. waterstop market share in 2019. This is attributed to rise in demand for polyvinyl chloride (PVC) waterstops from construction structures such as walls, tunnels, water tanks, dams, and other structures. In addition, increase in building and construction of transport infrastructure, marine infrastructure, and water infrastructure is anticipated to fuel the growth of the U.S. waterstop market during the forecast period.

U.S. Waterstop Market
By Application

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Water tanks holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.

On the basis of application, the water tanks segment dominated the U.S. waterstop market in 2019, in terms of share, owing to rise in building & construction of water infrastructures including water treatment plants, swimming pools, dams, municipal water tanks, and other water structures. Moreover, rise in demand for water in end-uses such as residential, commercial and industrial is expected to increase demand for storing water which in turn is projected to fuel the growth of the waterstop market in the upcoming years.

U.S. Waterstop Market
By End Use

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Commercial is projected as the most lucrative segment.

By end use, the commercial segment dominated the highest share in the U.S. waterstop market in 2019, and is expected to maintain the same during the forecast period. This is attributed to rise in investment toward building transport infrastructure, water treatment plants, fuel terminals, and other commercial infrastructure. In addition, rapid urbanization owing to rise in population resulted in increase in demand for commercial and public facilities, which in turn is expected to drive the demand for waterstops during the forecast period.

COVID-19 impact on the market

Lockdown imposed due to the outbreak of the COVID-19 pandemic has resulted in temporary ban on the import and export; thereby, disrupting the supply chain and hampering the waterstop market growth in the second, third, and fourth quarter of 2020. However, the market is expected to recover in the late year or by the first quarter of 2021 as the production of waterstop and building & construction activities in the country begins.

Key Benefits For Stakeholders

  • The report includes in-depth analysis of different segments and provides U.S. waterstop market estimations between 2020 and 2027.
  • A comprehensive analysis of the factors that drive and restrict the growth of the U.S. waterstop market is provided.
  • Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
  • Estimations and forecast are based on factors impacting the U.S. waterstop market growth, in terms of value.
  • Key market players are profiled to gain an understanding of the strategies adopted by them.
  • This report provides a detailed analysis of the current U.S. waterstop market trends and future estimations from 2020 to 2027, which helps identify the prevailing market opportunities.

Key Market Segments

By Material

  • Polyvinyl Chloride (PVC)
  • Rubber
  • Metal
  • Others

By Application

  • Walls
  • Water Tanks
  • Tunnels
  • Parking Structures
  • Others

By End Use

  • Residential
  • Commercial
  • Industrial
 

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The U.S. waterstop market is witnessing a significant growth in response to rise in building & construction of transportation infrastructure, water infrastructure, and residential & commercial constructions. Conventional waterstops that are made from metals have been replaced by modern rubber-based or PVC-based waterstops to build a sustainable eco-system and is mainly driving the demand for waterstops across the nation. Technological advancements toward the development of sustainable waterstops is further driving the market growth for the upcoming years. Since, waterstops are used in overall construction structure applications, rise in building & construction activities in the U.S. are keys to success.

However, high-cost associated with waterstop and lack of awareness are expected to hamper the growth of the U.S. waterstop market in the upcoming years. Conversely, advantages of using waterstops in construction applications along with technical advancements are the key factors expected to provide lucrative opportunity in the U.S. waterstop market from 2020 to 2027.
 

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FREQUENTLY ASKED QUESTIONS?

A. Key factors boosting the U.S. waterstop market are rise in demand for water infrastructure in municipal & industrial applications and rise in building & construction activities in the country.

A. The market value of the U.S. waterstop was valued at $750.6 million in 2019 and is expected to reach $983.5 million by 2027 at a CAGR of 4.9%.

A. The most established players of the U.S. waterstop market are BoMetals, Inc., GCP Applied Technologies, Inc., Henry Company, JP Specialties, Inc., Minerals Technologies, Inc., Sika AG, Trelleborg AB, West American Rubber Company, LLC, Williams Products, Inc., and W.R. Meadows, Inc.

A. Construction industry is projected to increase the demand for the waterstops in the U.S. market.

A. The U.S. waterstop market is anlayzed on the basis of material, application and end uses

A. The main driver of the U.S. waterstop market is rise in demand for waterstop in the construction structures including walls, tunnels, water tanks, parking structures and other infrastructures in the country.

A. Applications including walls, water tanks, dams, tunnels, water infrastructures, fuel stations, bunkering terminals are expected to drive the adoption of the waterstop products in the U.S.

A. Lockdown imposed due to the outbreak of the COVID-19 pandemic has resulted in temporary ban on the import and export; thereby, disrupting the supply chain and hampering the waterstop market growth in the second, third, and fourth quarter of 2020. However, the market is expected to recover in the late year or by the first quarter of 2021 as the production of waterstop and building & construction activities in the country begins.

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