North America Commercial Wall Water Resistive Barrier Market Size, Share & Trends Analysis Report By Product (Mechanically Attached Sheet, Self-Adhered Sheet, Fluid Applied Membrane), By End-use, By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The North America commercial wall water resistive barrier market size was estimated at USD 2.39 billion in 2022 and is expected to grow at a  compound annual growth rate (CAGR) of 8.1% from 2023 to 2030. The market is driven by the presence of countries such as U.S. and Canada which has extreme weather conditions including heavy snowfall and rain, along with rapid urbanization, stringent building and construction regulations, and increased awareness towards energy-efficient building solutions. Changing climatic conditions coupled with a rise in environmental imbalance due to increased carbon emissions are propelling the demand for effective Heating, Ventilation, and Air Conditioning (HVAC) system in commercial buildings. This is shaping up the adoption of water-resistant barrier products, as it helps in achieving higher energy efficiency by lowering power consumption.

The growth of commercial wall water resistive barrier in U.S. is attributed to the early adoption of water-resistant barrier products by various architects, contractors, and design professionals in several states of the U.S. for commercial buildings. Furthermore, stringent regulations by U.S. government for improving the overall efficiency of the commercial buildings coupled with the ongoing construction in the industrial and healthcare end-use segment are expected to add growth prospects for the market.

Product Insights

The EIFs product segment led the market and accounted for the largest revenue share of 36.4% in 2022. Exterior Insulation and Finish System (EIFS) is an exterior wall cladding that primarily uses insulation boards on the exterior sheathing of the wall with a skin or exterior plaster. Polymer-based (PB) is the most common type of EIFS used as a reinforced base coat applied to the insulation before the complete coat. EIFS wall system relies on the base coat section of the exterior layer to withstand water penetration.

Fluid-applied membranes accounted for second highest share in 2022 and it is growing at a CAGR of 6.3% over the forecast years. Fluid applied membrane or wraps are primarily coatings that are manufactured and applied to wall sheathings using either a roller, sprayer or trowel. These membranes need to cure for several hours to form a flexible rubber coating. Fluid applied membranes are either permeable or non-permeable to water and are most expensive type of membrane as it requires several tools for installation and an additional on-site tradesperson for membrane procurement. They offer a seamless finish and provides continuous adhesion to the substrate. These factors are expected to boost the demand for fluid applied membrane.

The market for a rigid foam board is growing at a significant rate over the forecast years. The growth is attributed to its superior characteristics such as high weather and moisture resistance and excellent thermal insulation. It is used in new building constructions as well as in the renovation of buildings with various surface materials including wood, masonry, and steel framing. These boards are vertically installed on the exterior wall surface with the water-resisting surface facing the heated side of the structure. The installation of the product using correct seam tape in commercial buildings reduces the risk of building wrap, while effectively protecting the building surface from water and moisture.

Closed cell spray foam or medium-density spray foam exhibits high water-resistance and is expected to witness optimistic growth during the forecasted years. This can be attributed to the minimal water-permeability, high adhesion, and minimal water absorption properties of the product, which makes it suitable for use against rainwater in the form of wall and roof assembly rainwater control membranes. The product seals and prevents the entry of water in places with joints and cracks in the building. In addition, the product helps in preventing the spread of water into the interior finishes in case of primary roof leakage.

End-use Insights

The commercial segment dominated the market and accounted for revenue share of 37.1% in 2022. The industrial end-use segment is expected to grow at a significant rate over the forecast period owing to the product application in various commercial industries for water holdout, drain ability, and permanence. Rising concern toward saving building energy coupled with increasing advancement in construction to minimize the disintegration caused in internal finishes due to water intrusion in the exterior walls is expected to rise the product demand over the forecast period.

The majority of U.S. commercial and government buildings are equipped with vapor diffusers to limit the amount of moisture transfer. However, modern government buildings including state capital offices, museums, and defense bases have a high level of wall water-resistant barrier including fluid applied membrane, self-adhered sheets, rigid foam boards, and closed-cell spray foam. These wall water-resistant barrier products protect different types of building foundations and walls as per the variation of climate and water intrusion due to rainwater and snow accumulation. The abovementioned factors are expected to increase the demand for wall water resistive barrier in the market.

The institutional end-use segment accounted for a fair share of the commercial wall water resistant barrier market in 2022 and it is expanding at a CAGR of 8.0% in terms of revenue over the forecast year. This is due to the rising use of product in various application such as educational, training, religious, and building projects. Increasing adoption of over cladding system for institutional buildings is expected to propel the demand for water-resistant barrier products in this segment.

The commercial building is expected to be the largest end-use segment for the commercial wall water-resistant barrier market and accounted for USD 887.4 million in 2022. High compliances of the International Building Code (IBS) and increasing concern about the declining structural integrity of commercial buildings due to rainwater penetration and moisture ingress have resulted in the adoption of wall water resistant barrier methods. Increasing construction spending in the region is expected to propel the demand for wall water-resistant barrier products over the forecast period owing to the product capability ensuring that the exterior wall remains dry and moisture-free.

Regional Insights

The U.S. is expected to be the largest market for commercial wall water-resistant barrier products in the North American region and accounted for USD 1710.8 million in 2022. This market is driven by increasing construction andrenovation activities of government-operated buildings and healthcare facilities in the country are further expected to add positive growth to the market during the forecast period. Quality control, ease of installation, cost, performance, and versatility are the major factors that play an important role in deciding the type of water-resistant barrier to be used in commercial buildings for a particular region.

Canada commercial wall water-resistant barrier market is accounted for 16.1% market share in 2022 and it is growing at a significant rate over the forecast years. Extreme weather conditions in the northern region of the country including Yulon and Nunavut experiences a higher colder climate as compared to the other states in the region. As a result, these Canadian provinces witness less commercial building growth when compared to the others including Ontario, British Colombia, and Manitoba.

However, these colder region experiences heavy snowfall that requires a fair share of water-resistant barrier products including rigid foam boards and self-adhered sheets. Increasing government building construction and redevelopment programs coupled with increasing investment in the construction application industry in the country is expected to rise the demand for the product during the forecast period.

Key Companies & Market Share Insights

The North America commercial wall water resistive barrier market is dominated by global and domestic established players. Prominent players involved in the marketplace are continuously focusing on business expansion activities through collaborations and partnerships across the value chain. Some of the prominent players in the North America commercial wall water resistive barrier market include:

• VaproShield

• Henry Company

• Pecora Corporation

• DuPont

• Georgia-Pacific Gypsum LLC

• Dow

• INDEVCO Building Products, LLC

• Prosoco, Inc.

North America Commercial Wall Water Resistive Barrier Market Report Scope

North America Commercial Wall Water Resistive Barrier Market Report Segmentation

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the North America commercial wall water resistive barrier market report on the basis of product, end-use, and region:

• Product Outlook (Volume, Million Square Feet; Revenue, USD Million, 2018 - 2030)

  • Mechanically Attached Sheet

  • Self-adhered Sheet

  • Fluid Applied Membrane

  • Gypsum Sheathing

  • Rigid Foam Boards

  • Closed-cell Spray Foam

  • EIFs

• End-use Outlook (Volume, Million Square Feet; Revenue, USD Million, 2018 - 2030)

  • Commercial

  • Institutional

  • Industrial

  • Government Buildings

  • Healthcare

• Regional Outlook (Volume, Million Square Feet; Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada