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.
o 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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The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing — ‘The Way Forward’.
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