DUBLIN-(BUSINESS WIRE)–The report “Air Barrier Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Category, Type and Application” has been added to ResearchAndMarkets.com supply.
The Air Barriers market size was valued at USD 15,924.68 million in 2022 and is expected to reach USD 20,752.35 million by 2028. It is expected to grow at a CAGR of 4.5% from 2022 to 2028
An air barrier is a material designed and constructed to control air flow between a conditioned space and an unconditioned space. These systems must be airtight, continuous throughout the building, capable of withstanding the forces that may act upon them during and after construction, and durable for the expected life of the building. Various advantages of air barriers lead to their wider adoption in residential, commercial and industrial sectors worldwide.
According to the US Energy Information Administration, buildings consumed about 40% of the total energy used in the US in 2016. Strengthening buildings through the proper use of continuous air barriers can help significantly reduce this energy consumption. The International Energy Conservation Code (IECC), the DOE Zero Energy Ready Home program, and several state energy codes already require the use of air barriers.
Strong growth in the residential construction sector in several countries is also driving the demand for air barriers. The popularity of liquid applied air barriers is rapidly increasing due to their various advantages such as flexibility, ease of application and effectiveness even on irregular substrates. Therefore, the use of liquid-applied air barriers is increasing. This is expected to drive the growth of the air barrier market.
Also, players’ focus on improving product performance enables them to launch new and innovative air barriers for their customers. For example, in October 2020 GCP Applied Technologies added two new products to its air barrier portfolio – PERM-A-BARRIER VPL 50RS and PERM-A-BARRIER VPS 30 membranes. These new air barriers are specially designed to offer superior protection against the damaging effects of air and liquid water ingress on building structures. This will offer lucrative growth opportunities in the air barrier market.
On the basis of type, the air barrier market is segmented into vapor permeable and vapor impermeable. The vapor barrier segment had a larger market share in 2021. The air barrier will most effectively block the entry of moisture into the wall cavity. Additionally, these barriers often offer the best protection against moisture build-up in wall systems in hot and humid areas. These factors are expected to drive the growth of the segment during the forecast period.
Rising construction activities in the residential, commercial, and industrial sectors are driving the growth of the air barrier market across the globe. Air leaks in homes can increase heating and cooling costs, cause moisture damage to walls, allow contaminants and debris to collect inside walls, and provide entry holes for insects and rodents. To avoid this, air barriers are widely used in residential construction.
In addition, factors such as high disposable income and changing consumer lifestyles are attracting consumers to invest in modern and environmentally friendly construction. Residential construction is the largest segment of the construction market. The market in this segment is driven by an increase in government spending on housing construction and an increase in demand for new housing and building improvements. In addition, heavy investment in research and development to produce innovative barriers and insulations, such as cellulose barriers and OSB materials, will increase the increase in sales of air barriers.
Key players operating in the air barrier market include BASF SE, Dow Inc, 3M, WR Meadows Inc, GCP Applied Technologies Inc, CertainTeed LLC, Tamarack Materials Inc, VaproShield LLC, TK Products Construction Coating, Henry Co, Carlisle Companies Inc and General Electric Co. players operating in the air barrier market focus on providing high-quality products to meet customer demand. They also focus on strategies such as investment in research and development and new product launches.
Advantages of using air barriers
Growth of the housing sector
Lack of skilled labor
Increasing use of liquid-applied air barriers
The mentioned companies
WR Meadows Inc
GCP Applied Technologies Inc
Tamarack Materials Inc
TK Products Building coating
For more information on this report, visit https://www.researchandmarkets.com/r/x6pu42.