Demand For Air Barrier Is Projected To Grow At A Value Of 4.6% CAGR Between 2022 And 2029, Future Market Insights Inc.
Witnessing the industry’s much-anticipated shift from the
traditionally preferred gypsum board to sustainably superior spray foam, the
global air
barrier market value will exceed US$ 16,932.8 Mn by 2022 end. A recent
research study by Future Market Insights (FMI) suggests that the overall growth
of the market for air barriers will be moderate during the period
forecast, 2022 – 2029.
Increasing installations of insulation systems are
specifically driving the call for air barriers in the residential building
zone. However, the demand may even see a great upward thrust in business and
commercial sectors in the following years. This demand growth is attributed to
the growing stringency of rules and commercial building code of behavior says
the file.
Demand for air barriers is projected to grow at a value of
4.6% CAGR between 2022 and 2029. Future Market Insights (FMI) forecasts the
market value to reach US$ 16,932.8 Mn by 2022 end.
To Know more@
https://www.futuremarketinsights.com/reports/air-barrier-market
Key Takeaways – Air Barrier Market Study
- Increasing
stringent building codes & energy regulations are expected to have a
positive impact on the long-term growth of the air barrier market.
- Energy
resources are limited; every unit saved is equivalent to each unit
produced, and this is where the role of efficient insulation materials
comes into play.
- Several
manufacturers of spray foam insulation have developed environmentally
sensitive, innovative solutions that reduce carbon footprint. Spray foam
insulation is produced using non-HCFC gas as the foaming agent.
- For
instance, Icynene offers a 100% water-blown spray foam solution, i.e.
without any synthetic blowing agents or ozone-depleting substances,
hence, minimizing overall global warming potential (GWP).
- The
market for eco-friendly and natural air barriers is anticipated to remain
highly attractive during the forecast period. Insulation materials such as
cellulose and fiberglass are preferred, owing to their higher recycled
content and superior eco-friendly nature.
Demand for air barriers has been growing at a stable pace
over the past decade, due to stringent norms compelling manufacturers to build
energy-efficient walls. To sustain and strengthen their market share in the air
barrier market, players have started focusing on the development of novel
techniques and methods that are efficient, effective, and offer additional
functionalities.
Market Landscape Remains Fairly Consolidated
The global air barrier market is a fairly consolidated
competition landscape, with a limited number of players dominating nearly the
entire air barrier manufacturing and supply scenario. High price points
associated with raw materials, high manufacturing costs, and establishing a
foothold of existing manufacturing companies would continue to pose major challenges
in front of potential new entrants in the global air barrier market.
- BASF
SE
- DuPont
de Nemours, Inc.
- Owens
Corning
- Coromandel
International Limited
- SOPREMA
- Compagnie
de Saint-Gobain S.A.
- Carlisle
Companies
- Atlas
Roofing Corporation
- GCP
Applied Technologies
- Firestone
Building Products Company, LLC
- Huber
Engineered Woods LLC
- GAF
Materials Corporation
- Johns
Manville
- W. R.
Meadows, Inc.
- Norbord
Inc.
- Sika
AG
- Bostik
Inc.
- 3M
Company
- Knauf
Insulation
Smaller players operating in the air barrier landscape, on
the other side, will continue to invest in organic growth strategies such as
acquisitions, collaborations, and joint ventures. One of the globally leading
players in the air barrier market that have been profiled in the report
includes Owens Corning which currently accounts for more than 18% of the total
market share.
Comments
Post a Comment