According to Future Market Insights (FMI), the global market of air barrier registered a year-on-year (YoY) growth of 4.8% in 2022.
| Attribute | Details |
|---|---|
| Air Barrier Value (2021A) | USD 16,146.7 Million |
| Air Barrier Value (2022E) | USD 16,932.8 Million |
| Air Barrier Value (2029F) | USD 23,136.2 Million |
| Value CAGR (2022 to 2029) | 4.6% |
| Collective Value Share: Top 3 Countries (2021A) | 33.2% |
Demand for air barrier 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 USD 16,932.8 Million by 2022 end.
Increasingly stringent building codes & energy regulations, along with an upsurge in demand from the residential & industrial sectors will continue pushing sales of the air barrier. Considering this, FMI has forecast the global air barrier sales to reach a valuation of USD 23,136.2 Million in 2029.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 4.7% |
| H1,2022 Projected (P) | 4.9% |
| H1,2022 Outlook (O) | 5.0% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 10 ↑ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 30 ↑ |
A half-yearly comparison of the growth forecast for the market of air barrier along with market dynamics and current industry trends influence market growth has been presented by Future Market Insights. Growth in the economies of various countries along with development in the construction sector is influencing the growth of the market.
The type of air barrier to be employed depends significantly on the temperature, the overall climate, and an examination of the dew point fall inside the wall cavity.
The market for air barrier is estimated to witness a growth rate of magnitude 5.0% over the first half of 2022, which is about 10 basis points higher as compared to the earlier projected magnitude.
The market's expected growth outlook has risen by about 30 basis points in H1 2022. There is a sizable need for air barrier systems in buildings as a result of the steadily increasing demand for functional and energy-efficient structures. To attain sustainability objectives, environmental officials are enforcing strict regulatory frameworks and building rules, which is attributing to higher growth prospects.
A number of significant market developments, including product development, product launches, technological improvements, and others, are the strategy employed by key market players in the air barrier market.
Sales of air barrier increased at a 4.0% CAGR, between 2014 to 2021, with countries such as the USA, China, India, Germany, Canada, and GCC Countries accounting for a substantial portion of the global market. Sales prospects in 2020 to 2021 were dampened due to the outbreak of the COVID-19 pandemic, which reduced the demand for air barrier from several application areas such as insulations, corrosion resistance, and material packaging and stacking.
Increasing stringent building codes and energy regulations as well as growing demand for eco-friendly insulations and barriers to enhance the consumption of this material across its various application areas.
The residential construction industry is recovering, which is also expected to bode well for the global market of the air barrier in the forthcoming years. As a result, the air barrier industry is projected to grow by value, at a 4.6% CAGR during the forecast period of 2022 to 2029.
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In accordance with the trend of sustainability, manufacturers are focusing on the utilization and upgradation of manufacturing techniques to enable the manufacture of environment-friendly insulating materials. As a result, the market for natural and eco-friendly insulation 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.
Cellulose insulation is commonly manufactured from recycled newsprint, cardboard, or other forms of waste paper, and blown fiberglass insulation with about 40% to 60% recycled glass content is gaining traction in the global air barrier business.
As the building and construction sector grows, the need for eco-friendly air barriers will grow tremendously. This is expected to provide an impetus to the demand for air barrier and urge manufacturers to boost their production and supply of the material.
The impact of the COVID-19 pandemic on the material industry was significant. Several production facilities in various countries were entirely shut down because of lockdown restrictions, which had a direct impact on the sales of the air barrier. However, the pandemic led to a severe increase in demand for medical-grade air barriers that could aid in containing the spread of the virus.
This increase ensured that in order to create a barrier enclosure and contain aerosol emissions from COVID patients, adequate production is necessary for air barriers in these places. Hence, this has saved the overall downfall of the market of the air barrier.
As numerous production facilities have reopened, the industry is progressively rebounding from losses, resulting in positive sales prospects in the air barrier business. Increasing prospects of gypsum air barriers are also expected to boost demand for the material in the forthcoming years.
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As per FMI, China is projected to account for nearly 4.0% of the global market share, creating an incremental opportunity of above USD 336.1 Million in 2029.
China is expected to remain a key producer of air barrier across the globe. Noteworthy mining activities, unprecedented spurring production in the upstream oil and gas sector, and private construction investments put the material in high demand in the coming years. This is expected to augment the growth of the sales of the air barrier in China.
The USA is projected to account for approximately 84.4% of the North American market air barrier in 2029. In 2022, the market is expected to grow by 6.0% year-on-year, reaching a valuation of USD 3,801.1 Million by the end of 2022.
High investments in research and development to produce innovative barriers and insulations, such as cellulose and OSB material barriers will augment the increase in air barrier sales. The private construction sector is growing at a significant growth rate and contributes to more than 70% share in the construction industry. Moreover, the presence of leading companies like DuPont, Owens Corning, 3M Company, and Carlisle Companies is expected to bolster the growth of this material in the country.
India is projected to account for 39.5% of the South Asia air barrier consumption share in 2029. The government in the country is keen on the major remodeling of public infrastructure, and further development of roads and national highways to ensure better connectivity, which is in turn catapulting the development in the construction sector. Alongside this, profit-bearing growth strategies and product innovations by many key players are expected to propel sales of air barrier over the assessment period.
Sales of gypsum air barriers are expected to grow at a significant value of 4.1% CAGR, over the forecast period of 2022 to 2029.
Gypsum board is a premier building material for walls, ceilings, and partition systems in residential, institutional, and commercial structures. These are designed to provide a monolithic surface when joints and fastener heads are covered with a joint treatment system.
There has also been a growth in preference for gypsum air barrier in South Asia and Latin America. Owing to these factors, sales of gypsum air barriers are projected to increase over the forecast period.
Amongst the various end uses, the residential segment is projected to create an absolute dollar opportunity of more than USD 1,710.8 Million during the period of 2022 to 2029 and account for close to one-third market share in the global air barrier business.
Rising adoption of insulations in residential or home buildings is one of the major factors fuelling the demand for insulation installations, consequently also contributing to the growth of the global market of the air barrier. Globally, recovery in most of the construction industry is being accelerated by the steady growth in the population of the county’s cities and growing demand for construction materials for both residential buildings. This will continue providing tailwinds to air barrier sales over the assessment period.
The insulation application segment is projected to account for more than 13.7% of the total market share by 2029. The sales are anticipated to experience a year-over-year rate of 4.8% in 2022.
Inadequate insulation resulting in heat gain or loss is a leading cause of energy loss. Adding insulation and sealing air leaks can contribute significantly towards making homes more comfortable and increasing their value. Further, studies show proper insulation and sealing techniques can contribute towards energy savings of 10% - 20%.
These significant energy savings equate to a direct reduction in energy costs, which in some cases, amounts to several hundred dollars in savings per annum. Therefore, the growing need for energy efficiency is expected to stimulate the sales of air barriers in the upcoming years.
Leading players operating in the global market of air barrier are focusing on innovative product launches and operational efficiency. Apart from this, players are focusing on strategic acquisitions and mergers to serve more end users in the domestic market, in order to gain a competitive edge.
For instance:
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2029 |
| Historical Data Available for | 2014 to 2021 |
| Market Analysis | USD Million for Value and Square Meters for Volume |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Argentina, Germany, United Kingdom, France, Spain, BENELUX, Russia, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Australia, New Zealand, GCC Countries, Turkey, and African Countries |
| Key Segments Covered | Product Type, Type, Site, Application, End Use, and Region |
| Key Companies Profiled | 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; Laticrete International Inc.; The Sherwin Williams Company; Henry Company; Tremco Incorporated; Dryspace Inc.; Enershield Europe |
| Report Coverage | Market Forecast, Brand Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The current market of air barrier reached a valuation of USD 16,146.7 Million in 2021.
The air barrier demand experienced moderate growth, exhibiting a 4.0% CAGR between 2014 and 2021.
Rising demand for eco-friendly insulating materials, and focus on operational efficiency to maintain a competitive edge are driving sales of the air barrier.
China's air barrier consumption is projected to grow at an impressive 6.0% CAGR during the forecast period.
The air barrier market in North America is anticipated to hold a market share of 28.6% by the end of 2029.
The USA is anticipated to hold a market share of 24.3% in the global air barrier market share by 2029.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Market Background 6. Global Market Demand Analysis 2014 to 2021 and Forecast, 2022 to 2029 7. Global Market - Pricing Analysis 8. Global Market Demand Analysis 2014 to 2021 and Forecast, 2022 to 2029 9. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Product Type 9.1. Gypsum Board 9.2. Drywall 9.3. Plywood 9.4. OSB 9.5. Spray foam 9.6. Fiberglass/ Rockwool 9.7. Cellulose 9.8. Others 10. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Type 10.1. Membranes 10.2. Coatings 10.3. Stacking & filling 11. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Site 11.1. External 11.2. Internal 12. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Application 12.1. Corrosion resistance 12.2. Insulation 12.3. Material packaging & stacking 12.4. Microbial & fungal resistance 13. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by End Use 13.1. Residential 13.2. Industrial Facilities 13.3. Car Parks & Underground Basements 13.4. Military Building & Bunkers 13.5. Green Houses/ Metal Buildings 13.6. Commercial 13.6.1. Hospitals 13.6.2. Hotels 13.6.3. Office Building 13.6.4. Airports 13.6.5. Others 14. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Region 14.1. North America 14.2. Latin America 14.3. Europe 14.4. South Asia 14.5. East Asia 14.6. Oceania 14.7. Middle East and Africa (MEA) 15. North America Market Analysis 2014 to 2021 and Forecast 2022 to 2029 16. Latin America Market Analysis 2014 to 2021 and Forecast 2022 to 2029 17. Europe Market Analysis 2014 to 2021 and Forecast 2022 to 2029 18. South Asia Market Analysis 2014 to 2021 and Forecast 2022 to 2029 19. East Asia Market Analysis 2014 to 2021 and Forecast 2022 to 2029 20. Oceania Market Analysis 2014 to 2021 and Forecast 2022 to 2029 21. Middle East and Africa Market Analysis 2014 to 2021 and Forecast 2022 to 2029 22. Emerging Countries Market Analysis 2014 to 2021 and Forecast 2022 to 2029 23. Market Structure Analysis 24. Competition Analysis 24.1. BASF SE 24.2. DuPont de Nemours Inc. 24.3. Owens Corning 24.4. Soprema 24.5. Compagnie de Saint-Gobain S.A 24.6. Carisle Companies 24.7. Atlas Roofing Corporation 24.8. GCP Applied Technologies 24.9. Firestone Building Products Company, LLC 24.10. Huber Engineered Woods LLC 24.11. GAF Materials Corporation 24.12. Johns Manville 24.13. W. R. Meadows, Inc 24.14. Norbord Inc 24.15. Sika AG 24.16. Bostik Inc. 24.17. 3M Company 24.18. Knauf Insulation 24.19. Laticrete International Inc. 24.20. The Sherwin Williams Company 24.21. Henry Company 24.22. Tremco Incorporated 24.23. Dryspace Inc. 24.24. Enershield Europe 25. Assumptions and Acronyms Used 26. Research Methodology
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Air Barrier Market
