Report : Europe Air Barrier Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Category (Coating and Membrane), Type (Vapor Permeable and Vapor Impermeable), and Application (Residential, Commercial, and Industrial)
At 4.3% CAGR, the Europe Air Barrier Market is speculated to be worth US$ 4,131.48 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe air barrier market was valued at US$ 3,216.62 million in 2022 and is expected to reach US$ 4,131.48 million by 2028, registering a CAGR of 4.3% from 2022 to 2028. Growth of residential construction sector and advantages of using air barriers are the critical factors attributed to the Europe air barrier market expansion.
Air leakage in homes can increase heating and cooling costs, cause moisture damage in walls, allow pollutants and debris to collect in wall interiors, and provide openings for insects and rodents to enter. To avoid this, air barriers are highly used in residential construction. The market for this segment is driven by an increase in government spending on residential construction and a rise in demand for new homes and building improvements. The new government spending from the Infrastructure Bill and budget earmarks to encourage energy-efficient construction is powering additional demand for residential projects. In addition, the pandemic created a demand for housing in areas away from crowded cities, and many homebound workers decided to invest in home improvement projects. The 3.8 million units are needed to not only meet the demand from the growing number of households but also to maintain a target vacancy rate of 13%, which is boosting the residential construction sector is driving the demand for Europe air barrier market.
On the contrary, lack of presence of skilled labour hurdles the growth of Europe air barrier market.
- Based on category, the Europe air barrier market is segmented into coating and membrane segment. The coating segment held 63.5% market share in 2022, amassing US$ 2,043.12 million. It is projected to garner US$ 2,653.15 million by 2028 to expand at 4.5% CAGR during 2022–2028.
- Based on type, the Europe air barrier market is segmented into vapor permeable and vapor impermeable. The vapor impermeable segment held 54.7% market share in 2022, amassing US$ 1,758.75 million. It is projected to garner US$ 2,220.70 million by 2028 to expand at 4.0% CAGR during 2022–2028.
- Based on application, the Europe air barrier market is segmented into residential, commercial, and industrial. The residential segment held 47.3% market share in 2022, amassing US$ 1,522.58 million. It is projected to garner US$ 2,008.48 million by 2028 to expand at 4.7% CAGR during 2022–2028.
- Based on country, the Europe air barrier market is segmented into Germany, France, UK, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 28.3% market share in 2022. It was assessed at US$ 910.89 million in 2022 and is likely to hit US$ 1,203.33 million by 2028, exhibiting a CAGR of 4.1% during the forecast period.
Key players dominating the Europe air barrier market are 3M Co; BASF SE; Carlisle Companies Inc; Dow Inc; GCP Applied Technologies Inc; General Electric Co; Henry Co; TK Products Construction Coating; VaproShield LLC; and W. R. Meadows Inc, among others.
- In 2019, VaproShield LLC launched SlopeShield Plus® Self-Adhered, a highly vapor-permeable roofing underlayment Air Barrier (AB) material.
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