Future Market Insights anticipates the vapour barrier market to be worth USD 11,431.3 million in 2023, surpassing a value of about USD 18,268.8 million by 2033. The global market is projected to witness a growth rate of 4.8% over the forecast period.
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| Attributes | Details |
|---|---|
| Vapour Barrier Market Size (2023E) | USD 11,431.3 million |
| Projected Vapour Barrier Market Size (2033F) | USD 18,268.8 million |
| Value CAGR (2023 to 2033) | 4.8% |
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The sales of vapour barriers increased at 3% CAGR, between the period of 2018 to 2022, owing to their significant applications in the construction of buildings. A significant rise in the construction of residential, commercial, and institutional buildings all over the globe is expected to boost the demand for vapour barriers for damp proofing, moisture prevention, and other applications.
The rising adoption of insulation in commercial and residential buildings is one of the key growth factors enhancing the demand for insulation. It consequently contributes to the global vapour barrier market’s growth. Recovery of the construction sector all over the globe is being accelerated by urbanization, growing per capita disposable income, and growth in the construction of residential and non-residential buildings.
Growing demand for vapour barriers for water vapour prevention, corrosion resistance, insulation, and others is anticipated to bolster its consumption rate in the coming years. Considering this, FMI has projected the global vapour barrier sales to reach a value of USD 18,268.8 million by 2033.
Countries like China, and the United States have witnessed a hefty growth in the development of building infrastructure in their prominent cities. Also, developing countries like India, Brazil, and ASEAN have registered significant investments for the enhancement of the infrastructure. The growth in the construction of the residential and commercial sectors is anticipated to boost the sales of vapour barriers.
The construction industry has established stability regardless of the adversities in the market. Investments in private construction are increasing in the current scenario. While spending on construction is sizeable, material costs have increased further. Construction projects in private offices across the globe are expected to drive steady demand for construction materials, including insulation materials.
The total expenditure, repair, and rehabilitation are expected to account for a key share of the overall figures with a sizeable scope of demand generated from residential and commercial building construction.
In the coming years, more than half of all construction workers, both commercial and institutional, are likely to invest their energy in green buildings, which is driving the global market of vapour barriers.
Principal Consultant
Following the trend of sustainability, manufacturers are focusing on the utilization and gradation of manufacturing techniques. In turn, it enables the manufacture of environment-friendly insulating materials. As a result, the market for natural and eco-friendly insulation materials is expected to remain highly attractive over the coming years.
Cellulose-based insulation materials are now being commonly manufactured utilizing recycled newsprint, certain forms of waste papers, and cardboard. These materials have high recycling efficiency. Furthermore, key players have been developing environment-friendly innovative solutions for spray foam insulation that can also reduce carbon emissions. These spray foam insulations are manufactured from non-HCFC gas.
The United States vapour barrier market accounted for a 25.1% share in 2022. The sales of the vapour barrier in the United States are estimated to witness a growth rate of 4.6% over the forecast period. Strong development in the end-use sector has bolstered the market demand outlook in the country.
The growth of the vapour barrier market is highly dependent on the growth of end-use industries like building construction. The building and construction industry in the United States has witnessed considerable growth over the recent past. The growth prospects are expected to remain strong throughout the forecast period. The vapour barrier also needs to remain updated and integrate new VOC emission regulations.
Increasing investment in research and development to produce efficient products with a low carbon footprint is providing significant opportunities for the key market participants of the country.
A significant rise in urbanization in India is boosting the demand for vapour barriers at a CAGR of 6.3% during the forecast period. The rising adoption of insulation in residential or home buildings fuels the demand for insulation installations, consequently contributing to the growth of the market. Demand for vapour barriers in the country is anticipated to reach around USD 2,001 million during the forecast period.
High investment in the infrastructure sector by the government of India is also expected to propel the growth of the market. The increase in purchasing power of the middle class is also enhancing the construction of residential houses and buildings which is likely to boost the demand for insulating materials.
Owing to the strong growth in the construction sector and automotive sales, the demand for vapour barriers in China is likely to rise at a CAGR of 6% throughout 2033. Growing adoption of water prevention in the walls and floors to prevent the surface from damp, is bolstering the sales of vapour barriers in the country.
China is anticipated to create an incremental market opportunity of USD 387.90 million during the assessment period. The strong presence of the application segments is consuming the product at a considerable rate. Additionally, the presence of several key market participants in the country is maintaining the supply of the product as the demand is increasing.
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High water prevention applicability and significant properties of corrosion resistance and fungal resistance had made polymer a key choice to utilize as a vapour barrier material. Further, its significant application as material packaging & stacking has also benefited its growth outlook. All these factors have resulted in the high consumption rate of polymer in the market.
The polymer segment has been estimated to account for about 25% share throughout the forecast period. Significant availability of the product across all regions has boosted its ease of application. The easy applicability of polymeric materials for vapour barriers as compared to other materials like sheet metal, gypsum, glass, plywood, and others has also bolstered the growth rate of the segment.
The waterproofing segment dominated the market with a 15.4% share in 2022. Vapour barriers are used as waterproofing material in the construction sector. They are used as damp-proofing materials, which resist diffusion of moisture through ceilings, walls, and floors of a building.
Vapour barriers are used in several applications like corrosion resistance, insulation, microbial & fungal resistance, waterproofing, and others, in which waterproofing is one of the key applications in the global market.
The waterproofing segment is estimated to cross a valuation of USD 7,500 million by 2033 in the global vapour barriers industry. Significant growth in the construction of residential and commercial buildings coupled with the construction of high-rise buildings all over the globe is bolstering the demand for vapour barriers as a waterproofing material.
The residential sub-segment of the construction segment dominated the industry with a nearly 45.3% share in 2022. The vapour barrier demand is likely to rise at 3.9% CAGR throughout 2033 in the construction sector. The construction sector is projected to register steady growth owing to urbanization and increasing population in emerging countries of Asia Pacific.
Notable growth in the residential sector in urban as well as semi-urban areas of this region is likely to contribute significantly to the market growth.
The high rate of construction of residential buildings, commercial, industrial, and institutional buildings, and substantial revenue generation in this sector have fueled the demand for a vapour barrier.
The vapour barrier market is highly competitive, with a few key players dominating the market. Key players have established themselves in the market and have built strong brand recognition, making it challenging for new entrants to compete.
To maintain their dominance in the market, the key players in the vapour barrier market are focusing on innovation and product development. They are investing hugely in research and development to create new and advanced products that meet the growing demand for energy-efficient construction materials. Additionally, these companies are also expanding their distribution networks and entering into strategic partnerships with suppliers and contractors to reach a wide customer base.
One of the significant challenges faced by companies in the vapour barrier market is the fluctuation in raw material prices. The industry relies mainly on plastic and synthetic materials, and any disruption in the supply chain can impact production and profitability. Additionally, the increasing demand for eco-friendly materials is also creating a challenge for companies, as they must balance the need for sustainable products with maintaining quality and affordability.
Key market participants are also focusing on expansion strategies by establishing new manufacturing units and collaborating with other market participants to enhance their market footprint.
| Strategy Used | Innovative Product Development |
|---|---|
| Company | Owens Corning |
| Developments | Recently introduced a new high-performance vapour barrier that offers superior moisture resistance and durability. |
| Strategy Used | Expansion of Distribution Networks |
|---|---|
| Company | Johns Manville |
| Developments | Currently expanded its distribution network in North America to include more than 50 new locations. |
| Strategy Used | Strategic Partnerships |
|---|---|
| Company | GAF Materials Corporation |
| Developments | Announced a strategic partnership with Solaria Corporation to offer integrated roofing and solar solutions. |
| Strategy Used | Sustainable Manufacturing |
|---|---|
| Company | DowDuPont |
| Developments | Committed to reducing its greenhouse gas emissions by 30% by 2030. |
| Strategy Used | Integration of Technology |
|---|---|
| Company | CertainTeed Corporation |
| Developments | Implemented IoT sensors in its manufacturing facilities to track and optimize energy usage. |
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value and Tons and million sq. m for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; The Middle East & Africa; & Oceania |
| Key Segments Covered | Material, Type, Application, End Use, and Region |
| Key Companies Profiled | Saint Gobain; The Dow Chemical Company; Sika AG; Bostik; Carlisle Companies; Soprema; 3M; DuPont de Nemours, Inc.; W. R. Meadows, Inc.; Johns Manville; Laticrete International Inc.; Knauf Insulation; Kingspan Group; Boral Limited; BASF SE; MITSUBISHI GAS CHEMICAL COMPANY, INC; GCP Applied Technologies Inc.; Kemper System Ltd.; The Sherwin-Williams Company; Weyerhaeuser Company |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is valued at USD 11,431.3 million in 2023.
The market is expected to advance at a CAGR of 4.8% through 2033.
The market is estimated to reach USD 18,268.8 million by 2033.
Adoption of eco-friendly and sustainable materials may propel market growth.
Saint Gobain, The Dow Chemical Company, and Sika AG are key vapour barrier market players.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 5.1. Glass 5.2. Metal Sheet 5.3. Polymers 5.4. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Insulation 6.2. Water Proofing 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Installation 7.1. Membranes 7.2. Coatings 7.3. Cementitious Waterproofing 7.4. Stacking and Filling 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use Industry 8.1. Construction 8.2. Packaging 8.3. Automotive 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. MEA 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Saint Gobain 17.2. The Dow Chemical Company 17.3. Sika AG 17.4. Bostik 17.5. Carlisle Companies 17.6. Soprema 17.7. 3M 17.8. DuPont de Nemours, Inc. 17.9. W. R. Meadows, Inc. 17.10. Johns Manville 17.11. Laticrete International Inc. 17.12. Knauf Insulation 17.13. Kingspan Group 18. Assumptions & Acronyms Used 19. Research Methodology
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Vapour Barrier Market
