Report : North America 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 4.5% CAGR, the North America Air Barrier Market is speculated to be worth US$ 5,008.73 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America air barrier market was valued at US$ 3,838.62 million in 2022 and is expected to reach US$ 5,008.73 million by 2028, registering a CAGR of 4.5% from 2022 to 2028. Advantages of using air barriers and growth of residential construction sector are the critical factors attributed to the North America air barrier market expansion.
Proper air sealing helps reduce uncomfortable temperature fluctuations. Air barrier systems help prevent the loss of conditioned air. They also help keep out pollutants such as suspended particulates, dust, allergens, insects, odors, and noise. Mold commonly occurs in buildings where moist air accumulates on vulnerable wall components, including insulation, exterior sheathing, or interior wall boards. This may adversely impact indoor air quality and occupant health. Air leakage is the main cause of moisture intrusion, setting up the conditions for mold growth. A properly installed, continuous air barrier helps minimize this leakage and dramatically reduces moisture intrusion through wall structures, decreasing mold growth. Moreover, air barriers help in energy savings. Further, air barriers can increase the value of commercial buildings by reducing operating costs. Hence, various advantages of the usage of air barriers result in their greater adoption in the residential, commercial, and industrial sectors, driving the North America air barrier market.
On the contrary, lack of presence of skilled labour hurdles the growth of North America air barrier market.
- Based on category, the North America air barrier market is segmented into coating and membrane segment. The coating segment held 66.1% market share in 2022, amassing US$ 2,537.40 million. It is projected to garner US$ 3,364.49 million by 2028 to expand at 4.8% CAGR during 2022–2028.
- Based on type, the North America air barrier market is segmented into vapor permeable and vapor impermeable. The vapor impermeable segment held 58.2% market share in 2022, amassing US$ 2,234.22 million. It is projected to garner US$ 2,873.22 million by 2028 to expand at 4.3% CAGR during 2022–2028.
- Based on application, the North America air barrier market is segmented into residential, commercial, and industrial. The residential segment held 43.6% market share in 2022, amassing US$ 1,674.63 million. It is projected to garner US$ 2,237.74 million by 2028 to expand at 4.9% CAGR during 2022–2028.
- Based on country, the North America air barrier market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 85.2% market share in 2022. It was assessed at US$ 3,269.13 million in 2022 and is likely to hit US$ 4,283.48 million by 2028, exhibiting a CAGR of 3.9% during the forecast period.
Key players dominating the North America 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 2020, GCP Applied Technologies Inc added two products to its air barrier portfolio: PERM-A-BARRIER VPL 50RS and PERM-A-BARRIER VPS 30 membranes.
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