Sales of vapour barriers are expected to expand steadily in the next years, driven mostly by continuous use in the building and construction industry. According to a recent Future Market Insights (FMI) analysis, the worldwide vapour barrier market will grow at a CAGR of roughly 4.4% between 2022 and 2029.
Water condensation can damage even the most sturdy of structures, which is why vapour barriers are so important since they provide total insulation from vapour and moisture to building structures. The use of vapour barriers also allows for the most efficient operation of a space conditioning system, which increases their popularity in the building business.
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Key Takeaways – Vapour Barrier Market Study
- Over the period of projection, building infrastructure, whether private/public or commercial/residential, will be based on green building concepts to strike a fine balance of environmental sustainability and modern amenities. As a result, the demand for vapour barriers is projected to significantly spur over the forecast period.
- Polymer materials segment to retain its spot as a prominently preferred material followed by asphalt & bitumen, whereas drywall board lumber and gypsum board projected to observe growth at a swift pace in the market.
- Membrane type vapour barriers are expected to register a dominating share due to their easy installation. However, the popularity of the coating segment is increasing across the globe in recent years due to its enhanced moisture resistance.
- To meet stringent manufacturing rules and regulations, manufacturers are trying to increase the use of materials with high recyclability and decent biodegradability index. Also, due to new norms for VOC emissions, many manufacturers are looking to revamp their manufacturing process in order to minimize these emissions.
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How is Vapour Barrier Market Structure Defined?
The market of vapour barrier is highly competitive due to decent presence of tier 1 players in the market. Though tier 1 market players have a considerable hold on market share, numerous small-scale and regional players exist in the market. Manufactures like The Dow Chemical Company and Saint Gobain, along with other organised and leading manufactures hold more than half of the market pie.
More About What the Report Covers
Future Market Insights (FMI), published a thorough research analysis in its report for global vapour barrier market, offering information regarding historical developments from 2014-2021 and forecast projections and opportunity assessments on the basis of analysis for future scope and ongoing tends in the global market. The research study offers opportunity roadmap and market projections across the globe based on various categories such as material (glass, sheet metal, polymer, asphalt & bitumen, gypsum board, drywall/board lumber, plywood, concrete/brick), type (membranes, coatings, cementitious water proofing, and stacking & filling), site (external, internal), application (corrosion resistance, insulation, air insulation, sound insulation, thermal insulation, water proofing, material packaging & stacking, microbial & fungal resistance), end use (construction, packaging, automotive), and region (North America, Latin America, Europe, MEA, South Asia, East Asia, and Oceania).
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About Future Market Insights (FMI)
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 10-years.
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