Increasingly stringent building codes & energy regulations, along with upsurge in demand from residential & industrial sector will continue pushing sales of air barrier.
The global air barrier market is predicted to reach a value of US$ 23136.2 Mn in 2029, with sales growing at an average CAGR of 4.6% from 2022 to 2029. Climbing up from a valuation of US$ 16146.7 Mn in 2021, the target market will likely reach an estimated US$ 16932.8 Mn by the end of 2022. Strict building codes and energy regulations coupled with rising demand from residential and industrial sector will drive the growth for the air barrier market during the forecast period.
Constant development in the economies of several countries as well as the development in the construction industry are major growth drivers of the air barriers market. Air barrier systems are of importance in buildings owing to the ongoing surge in the demand for functional and energy-efficient structures. In addition, sustainability drives further aid the target market growth as in order to attain sustainability objectives, stringent environmental regulations and building rules are implemented, which is results in the growth of the target market prospects.
The execution of increasingly strict building codes and energy regulations along with a rising demand for eco-friendly insulations and barriers will amplify the demand and supply of this material across its multiple application areas.
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Furthermore, the growing emphasis on sustainability has resulted in several manufacturers shifting their focus to the use and upgradation of manufacturing techniques to ensure the production of environment-friendly insulating materials. Consequently, the market for natural and eco-friendly insulation will likely remain immensely alluring for the air barrier market during the forecast period.
“Sustainability drives and implementation of strict building regulations by environmental officials will supplement the global growth of the air barrier market over the forecast period,” says an FMI analyst.
Key Takeaways:
Competitive Landscape
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., and Enershield Europe among others are some of the major players in the air barrier market profiled in the full version of the report.
Key market players are concentrating on releasing innovative products and enhancing operational efficiency. These businesses also employ tactics like mergers and acquisitions to increase their consumer base and strengthen their market position.
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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.
Jan 31, 2023
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