Air Barrier Industry Size, Share, Sales, Revenue, Demand & Growth by 2029
A recent research study of Future Market Insights (FMI) suggests that the overall growth of the market for air barriers will be moderate during the period of forecast, 2022 to 2029. Witnessing the industry’s much-anticipated shift from the traditionally preferred gypsum board to sustainably superior spray foam, the global market value will exceed US$ 16,932.8 Million by 2022 end.
Increasing installations of insulation systems are
particularly driving the demand for air barriers in the residential building
sector. However, the demand will also see a considerable rise in the commercial
and industrial sectors in the following years. This demand growth is attributed
to the increasing stringency of regulations and industrial building codes of
conduct, says the report.
Demand for air barriers has been growing at a stable
pace over the past decade, due to stringent norms compelling manufacturers to
build energy-efficient walls. To sustain and strengthen their market share in
the air barrier market, players have started focusing on the development of
novel techniques and methods that are efficient, effective, and offer
additional functionalities.
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Key Takeaways – Air Barrier Market Study
- Increasing
stringent building codes & energy regulations are expected to have a
positive impact on the long-term growth of the air barrier market.
- Energy
resources are limited; every unit saved is equivalent to each unit
produced, and this is where the role of efficient insulation materials
comes into play.
- Several
manufacturers of spray foam insulation have developed environmentally
sensitive, innovative solutions that reduce carbon footprint. Spray foam
insulation is produced using non-HCFC gas as the foaming agent.
- For
instance, Icynene offers a 100% water-blown spray foam solution, i.e.
without any synthetic blowing agents or ozone-depleting substances,
hence, minimizing overall global warming potential (GWP).
- The
market for eco-friendly and natural air barriers 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.
The market Landscape Remains Fairly
Consolidated
The global air barrier market is a fairly consolidated
competition landscape, with a limited number of players dominating nearly the
entire air barrier manufacturing and supply scenario. High price points
associated with raw materials, high manufacturing costs, and established
foothold of existing manufacturing companies would continue to pose major
challenges in front of potential new entrants in the global air barrier market.
Smaller players operating in the air barrier
landscape, on the other side, will continue to invest in organic growth
strategies such as acquisitions, collaborations, and joint ventures. One of the
globally leading players in the air barrier market that have been profiled in
the report includes Owens Corning which currently accounts for more than 18% of
the total market share.
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