House Wraps Market worth $4.71 billion by 2030, growing at a CAGR of 6.79% - Exclusive Report by 360iResearch

The "House Wraps Market by Product (Non-Perforated Housewraps, Perforated Housewraps), Type (Asphalt Felt, Grade D Building Paper, Liquid Water-Resistive Barrier), Component, Application - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global House Wraps Market to grow from USD 2.78 billion in 2022 to USD 4.71 billion by 2030, at a CAGR of 6.79%.

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House wraps are a highly demanded component of the construction process across the United States, acting as a barrier to air movement and moisture. House wraps are typically made from various synthetic materials, such as polypropylene, polyethylene, or polyvinyl chloride (PVC). These materials are specifically designed to resist water while allowing water vapor to escape. House wraps can be applied directly to the framing of the house and in two layers that act as a barrier to external environmental factors in residential and commercial properties. The house wrap is secured using staples, nails, clips, or tape along with other fasteners depending on the manufacturer's instructions and property type. The rising need for larger houses, supportive government initiatives, and the introduction of advanced construction technologies have led to the rapid growth of residential and commercial infrastructure development and renovations across the United States. This growing infrastructure has increasingly created a demand for moisture barriers and energy-saving house wraps nationwide. However, rising freight costs of raw materials, high costs associated with energy consumed during manufacturing, and complications while applying a house wrap limit the market scope. Moreover, to tackle the current issues and enhance the quality of house wraps, several manufacturers are innovative product designs and adopting synthetic materials, creating a lucrative scope for the house wrap market across the United States.

The United States House wrap market is highly developed with the active involvement of big-ticket size projects and an increase in residential developments, and demand for high-performance house wraps has been increasing due to its ability to improve indoor air quality and reduce energy costs. The diversity of climate across the United States is proving beneficial for the use of house wraps, allowing it to tap into various weather-dependent markets. House wraps are utilized to protect areas with hot summers and mild winters from the sun's damaging rays. In areas with cold winters and moderate summers, consumers utilize house wraps to protect against snow and ice that damages siding and roofs. The market is driven by commercial and residential projects, with commercial projects making up most of the market. As per the Associated General Contractors (AGC) of America, Inc., the construction sector builds nearly USD 1.8 trillion worth of structures each year. States with the highest population growth and construction rates include California, Texas, Florida, North Carolina, Georgia, Arizona, and Nevada have witnessed an increase in remodeling and renovation activities, increasing the need for moisture management and energy components, especially house wraps within home building materials. Other major states have witnessed significant increases in growth in recent years due to their larger population sizes and higher demand for construction services. 3M Company, DuPont de Nemours, Inc., Owens Corning, and Berry Global Inc. are among the major manufacturers in the region that have enriched their business by collaborating with suppliers and offshore distributors.

Market Segmentation & Coverage:

This research report categorizes the House Wraps Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Non-Perforated Housewraps and Perforated Housewraps. The Non-Perforated Housewraps commanded largest market share of 58.37% in 2022, followed by Perforated Housewraps.

Based on Type, market is studied across Asphalt Felt, Grade D Building Paper, Liquid Water-Resistive Barrier, Polyolefin Fabric, and Rigid Foam. The Polyolefin Fabric commanded largest market share of 44.13% in 2022, followed by Asphalt Felt.

Based on Component, market is studied across Flash Tapes and Wraps. The Wraps commanded largest market share of 84.92% in 2022, followed by Flash Tapes.

Based on Application, market is studied across Commercial and Residential. The Residential commanded largest market share of 69.26% in 2022, followed by Commercial.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.34% in 2022, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the House Wraps Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the House Wraps Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the House Wraps Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Alpha Pro Tech, Ltd., ANCI, Inc., AtticFoil Radiant Barrier Supply LLC, Auroma Geotex Private Limited, Benjamin Obdyke Inc., Berry Global Group, Inc., Builders FirstSource, Inc., Carlisle Companies Incorporated, Compagnie de Saint-Gobain, DuPont de Nemours, Inc., Ewald Dörken AG, GCP Applied Technologies Inc., Georgia-Pacific LLC, Gulnar Plastics Pvt. Ltd., INDEVCO Building Products, LLC, Industrial Development Company sal, Insultex House Wrap, Intertape Polymer Group Inc., JAMES HARDIE INDUSTRIES PLC, KB Building Products, Kimberly-Clark Corporation, KINGSPAN GROUP PLC, Owens Corning, Protecto Wrap Company, Raven Industries, Inc., SafeFlex International Ltd, SIGA Services AG, Sika AG, and Veer Plastics Private Limited.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. House Wraps Market, by Product
7. House Wraps Market, by Type
8. House Wraps Market, by Component
9. House Wraps Market, by Application
10. Americas House Wraps Market
11. Asia-Pacific House Wraps Market
12. Europe, Middle East & Africa House Wraps Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the House Wraps Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the House Wraps Market?
3. What is the competitive strategic window for opportunities in the House Wraps Market?
4. What are the technology trends and regulatory frameworks in the House Wraps Market?
5. What is the market share of the leading vendors in the House Wraps Market?
6. What modes and strategic moves are considered suitable for entering the House Wraps Market?

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