Sales of vapour barriers are projected to witness steady rise in the following years, prominently propelled by sustained consumption by the building & construction industry. As suggested by a new Future Market Insights (FMI) report, global Vapour Barrier Market will exhibit a CAGR of around 4.4% during the forecast period of 2022-2029.
Future Market Insights (FMI) has anticipated the demand of Vapour Barrier Market to witness a year over year growth of 4.4% in 2022 reaching a value of about US$ 19,186.2 Mn by the end of 2022. The global business is projected to witness a growth rate of 4.4% over the forecast period of 2022 and 2029.
Water condensation can damage the sturdiest of constructions, which is why vapour barriers hold significant importance, as they offer complete insulation from vapour and moisture to building structures. Use of vapour barriers also allows for optimum efficiency of a space conditioning system, thereby fueling their demand across the construction industry.
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Key Takeaways – Vapour Barrier Market Study
- Over the period of projection, building infrastructure, whether private/public or commercial/residential, will be based on green building concepts to strike a fine balance of environmental sustainability and modern amenities. As a result, the demand for vapour barriers is projected to significantly spur over the forecast period.
- Polymer materials segment to retain its spot as a prominently preferred material followed by asphalt & bitumen, whereas drywall board lumber and gypsum board projected to observe growth at a swift pace in the market.
- Membrane type vapour barriers are expected to register a dominating share due to their easy installation. However, the popularity of the coating segment is increasing across the globe in recent years due to its enhanced moisture resistance.
- To meet stringent manufacturing rules and regulations, manufacturers are trying to increase the use of materials with high recyclability and decent biodegradability index. Also, due to new norms for VOC emissions, many manufacturers are looking to revamp their manufacturing process in order to minimize these emissions.
Key Companies Profiled:
- Saint Gobain
- The Dow Chemical Company
- Sika AG
- Bostik
- Carlisle Companies
- Soprema
- 3M
- DuPont de Nemours, Inc.
- R. Meadows, Inc.
- Johns Manville
- Laticrete International Inc.
- Knauf Insulation
- Kingspan Group
- Boral Limited
- BASF SE
- MITSUBISHI GAS CHEMICAL COMPANY, INC
- GCP Applied Technologies Inc.
- Kemper System Ltd.
- The Sherwin Williams Company
- Weyerhaeuser Company
How is Vapour Barrier Market Structure Defined?
The market of vapour barrier is highly competitive due to decent presence of tier 1 players in the market. Though tier 1 market players have a considerable hold on market share, numerous small-scale and regional players exist in the market. Manufactures like The Dow Chemical Company and Saint Gobain, along with other organised and leading manufactures hold more than half of the market pie.
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Vapour Barrier Market By Category
By Material :
- Glass
- Sheet Metal
- Polymer
- Polyethylene
- Rubber
- Extruded Polystyrene
- Membranes
- Asphalt & Bitumen
- Gypsum Board
- Drywall/Board Lumber
- Plywood
- Concrete/Brick
By Type :
- Membranes
- Sheet
- Fluid
- Peel & Stick
- Films
- Coatings
- Liquid
- Aerosol/Spray Based
- Cementitious Water Proofing
- Stacking & Filling
By Application :
- Corrosion Resistance
- Insulation
- Air Insulation
- Sound Insulation
- Thermal Insulation
- Water Proofing
- Grade 1
- Grade 2
- Grade 3
- Material Packaging & Stacking
- Microbial & Fungal Resistance
By End Use :
- Construction
- Residential Buildings
- Commercial Buildings
- Industrial Facilities
- Car parks & Underground Basements
- Packaging
- Automotive
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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