Demand For Air Barrier Is Projected To Grow At A Value Of 4.6% CAGR Between 2022 And 2029

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.

Increased insulation system installations are specifically driving the demand for air barriers in the residential building zone. However, demand in the business and commercial sectors may see a significant increase in the coming years. According to the file, this increase in demand is due to the increasing stringency of rules and commercial building code of behaviour.

Air barrier demand is expected to grow at a 4.6 percent CAGR between 2022 and 2029. Future Market Insights (FMI) forecasts the market value to reach US$ 16,932.8 Mn by 2022 end.

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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.

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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

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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 7-years.

This release was published on openPR.