Growth of Residential Construction Sector is Driving the South America Air Barrier Market
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 worldwide is driving the demand for air barriers.
South America Air Barrier Market Overview
The South America air barrier market is segmented into Brazil, Argentina, and the Rest of South America. Despite the ongoing surge in COVID-19 cases, South America's construction sector seems to be benefiting from a faster-than-expected recovery in the region's economy. The rising household income levels and the rising number of people migrating from rural to urban areas are expected to drive the demand for the residential construction sector in the country. The augmented focus on affordable housing by both the public and the private sector may propel development in the residential construction sector, thereby boosting the usage of air barriers in construction applications. Furthermore, the region's key players can increase their market share by focusing on product development and innovations. It is considered that with the increasing presence of global and local market players, coupled with growing research and development activities, the air barriers market is expected to find immense opportunities in South America during the forecast period.
South America Air Barrier Market Segmentation
The South America air barrier market is segmented into category, type, application, and country. Based on category, the market is segmented into coating and membrane segment. The coating segment registered a larger market share in 2022.
Based on type, the South America air barrier market is segmented into vapor permeable and vapor impermeable. The vapor impermeable segment registered a larger market share in 2022.
Based on application, the South America air barrier market is segmented into residential, commercial, and industrial. The residential segment registered the largest market share in 2022.
Based on country, the South America air barrier market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the market share in 2022.
3M Co; BASF SE; Dow Inc; GCP Applied Technologies Inc; General Electric Co; Henry Co; TK Products Construction Coating; VaproShield LLC; and W. R. Meadows Inc are the leading companies operating in the South America air barrier market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 881.73 Million |
| Market Size by 2028 | US$ 1,085.37 Million |
| CAGR (2022 - 2028) | 3.5% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Category
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Air Barrier Market is valued at US$ 881.73 Million in 2022, it is projected to reach US$ 1,085.37 Million by 2028.
As per our report South America Air Barrier Market, the market size is valued at US$ 881.73 Million in 2022, projecting it to reach US$ 1,085.37 Million by 2028. This translates to a CAGR of approximately 3.5% during the forecast period.
The South America Air Barrier Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Air Barrier Market report:
The South America Air Barrier Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Air Barrier Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Air Barrier Market value chain can benefit from the information contained in a comprehensive market report.
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