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Breathable Membranes Market Size, Outlook, Share Analysis And Forecast To 2033
Breathable Membranes Market Share
According to The Business Research Company's, The breathable membranes market size has grown rapidly in recent years. It will grow from $1.71 billion in 2023 to $1.94 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to construction industry growth, rising awareness of sustainable construction, increased focus on energy-efficient buildings, rise in timber frame construction, demand for waterproofing solutions, prevalence of cold and damp climates..
The breathable membranes market size is expected to see rapid growth in the next few years. It will grow to $3.13 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to global emphasis on green building standards, rising demand for prefabricated construction, innovation in fire-resistant membranes, focus on moisture management in buildings, expansion of commercial construction.. Major trends in the forecast period include advancements in material technologies, digitalization and building information modeling, innovation in multifunctional membranes, adoption in agriculture, integration with smart building technologies..
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Market Drivers and Trends:
The increasing growth of the building and construction industry is expected to propel the breathable membranes market going forward. Breathable membranes are used in building and construction to improve the thermal efficiency of a building's external envelope and to provide temporary protection from the weather during construction or repair activities. Additionally, breathable membranes provide buildings to breathe out moisture rather than sit inside the walls and cause dampness and mold issues. For instance, in 2022, according to Office for National Statistics (ONS), a UK-based national statistical institute, the UK's construction output was 4.0%, constituting £575 million ($603.4 million) in September 2022, which was above the February 2020 pre-COVID-19 (COVID-19) pandemic level. Furthermore, in June 2021, according to a report published by Statistic Canada, a Canada-based national statistical agency, the investment in building construction increased from $14,294 million in April 2019 to $19,273 million in April 2021. Thus, the increasing growth of the building and construction industry is driving breathable membranes.
Technological advancement is a key trend in the breathable membranes market. Major companies operating in the market are advancing toward developing protection technology to strengthen their position. For instance, in October 2022, Polartec, a US-based provider of innovative and sustainable textile solutions, launched bio-based Power Shield fabric technology to offer protection by using plant-based chemicals. Its waterproof technology is based on sustainability and is PFAS-free. Polartec Power Shield has a monolithic membrane constructed using a combination of PFAS-free, plant-based ingredients to provide stretch comfort, long-lasting breathability, high durability, and waterproof and windproof properties to offer exceptional protection. Furthermore, it can be used to provide a durable barrier against external rain and snow.
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Major Key Players of the Market:
DuPont de Nemours Inc; Dörken Coatings GmbH & Co; Soprema Group; General Aniline & FilmMaterials Corporation; Compagnie de Saint-Gobain S.A; Kingspan Group plc; Riwega S.r.l; Klober ltd.; Knauf Insulation; PIL Membranes Ltd; Dow Chemical Company; Exxon Mobil Corporation; Badische Anilin- und Sodafabrik; Carlisle Companies Incorporated; Johns Manville; Sika Group; Firestone Building Products; Covestro AG; Arkema S.A.; Toray Industries; Berry Global Group; Schweitzer-Mauduit International Inc.; Saint-Gobain S.A.; Cosella-Dörken Products Inc.; Kingspan Group; IKO Industries Ltd.; Nitto Denko Corporation; Clopay Plastic Products Company Inc.; Fiberweb (India) Ltd.; Mitsui Chemicals Inc.; Trioplast Industrier AB; Valmet Corporation; W. L. Gore & Associates Inc.; Zhejiang Jifa Enterprise Co. Ltd.; Daedong
Breathable Membranes Market 2024 Key Insights:
• The breathable membranes market will grow to $3.13 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%.
• Breathable Membranes Market Set To Soar As Building And Construction Industry Continues To Grow
• New Standards In Breathable Membranes Market
• Europe was the largest region in the breathable membranes market in 2023
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The Business Research Company (https://www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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