Sales of vapour barriers are projected to witness steady
rise in the following years, prominently propelled by
sustained consumption by the building & construction
industry. As suggested by a new Future Market Insights (FMI)
report, global vapour
barrier market will exhibit a
CAGR of around 4.4% during the forecast period of
2022-2029.
Water condensation can damage the
sturdiest of constructions, which is why vapour barriers
hold significant importance, as they offer complete
insulation from vapour and moisture to building structures.
Use of vapour barriers also allows for optimum efficiency of
a space conditioning system, thereby fueling their demand
across the construction industry.
Heavy usage
of vapour barriers in commercial and residential buildings
to prevent moisture damage to infrastructure is anticipated
to be the primary growth driver. However, increasing
utilization of vapour barriers in the packaging industry to
prevent moisture damage and interstitial condensation in
packed goods opens new growth avenues for industry
players.
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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
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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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