The scope of our recent study titled "Air Barrier Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Category, Type, and Application" includes the description of factors fueling the market growth, estimation and forecast of revenue, identification of significant market players, and their key developments, along with market share analysis.
The air barrier market size was valued at US$ 15,924.68 million in 2022 and is projected to reach US$ 20,752.35 million by 2028. It is expected to grow at a CAGR of 4.5% from 2022 to 2028.
Air barrier systems provide multiple advantages in construction projects, such as enhanced indoor comfort, longevity, and energy efficiency, making them appropriate for various applications across diverse climatic conditions. These systems assist in decreasing air leakage to acceptable levels and are usually governed by energy codes, which acknowledge the significance of energy-efficient and airtight buildings. Regions with frequent rainfall commonly utilize air barriers that are resistant to rain. These factors are expected to propel the market expansion in the coming years.
The air barrier market is segmented on the basis of category, type, and application. Based on application, the air barrier market is segmented into residential, commercial, and industrial. In 2021, the residential segment held the largest market share. Air barriers are commonly used as house wrap around its exterior during construction. These factors are anticipated to drive the market for the segment during the forecast period.
The air barrier market is divided into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM) based on geography. Asia Pacific holds the largest market share, primarily due to the presence of a robust industrial foundation. The escalating pollution levels in the region are also driving the demand for air barriers, further contributing to market expansion. Key countries in the region such as Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific contribute significantly in the air barrier market. The Indian government is actively promoting the extensive renovation of public infrastructure and construction sector growth, further propelling market demand. In addition, the market's growth is expected to be driven by the adoption of profitable growth strategies and product innovation by major market players. Furthermore, the rising awareness of personal hygiene and the impact of COVID-19 in the region are expected to contribute to market growth in the future.
Impact of COVID-19 Pandemic on Air Barrier Market
In the initial phase of the COVID-19 pandemic, the air barrier market's growth was hindered by manufacturing disruptions, research and development setbacks, and challenges in sourcing raw materials. The chemicals & materials industry faced severe disruptions in supply chains, as production plants were shut down, leading to unfavorable manufacturing outcomes, delivery schedule delays, and reduced product sales. Many companies reported potential delays in product deliveries and a decline in their product sales for 2020.
The report segments the air barrier market as follows:
The air barrier market is segmented into category, type, and application. Based on category, the market is segmented into coating and membrane. Based on type, the air barrier market is segmented into vapor permeable and vapor impermeable. By application, the market is segmented into commercial, industrial, and residential. Geographically, the air barrier market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM).
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