PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1399665
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1399665
Vapor Barriers Market size is projected to expand at over 4.8% CAGR from 2023-2032 propelled by the rising imperative of environmental sustainability. With several construction practices and industries prioritizing eco-friendly solutions, vapor barriers have gained prominence for creating sustainable and energy-efficient structures. The strong emphasis on green building standards coupled with the increasing awareness of climate change and environmental impacts is contributing to the growing adoption of vapor barrier solutions.
Furthermore, many manufacturers are working towards meeting the evolving industry demands, with the introduction of innovative vapor barrier solutions with enhanced performance, durability, and eco-friendly features, further augmenting the industry outlook. For instance, in June 2023, roofing and waterproofing provider Polyglass U.S.A. launched VertiWrap™ Air and Vapor Barriers, its new range of products to provide flexibility in selecting sheet and fluid applied alternatives in both permeable and non-permeable project demands.
The industry is segmented into material, installation, application, end-use, and region.
As per material, the glass vapor barriers market recorded substantial growth in 2022 and is anticipated to gain significant traction from 2023-2032. This is attributed to growing application in the construction and automotive sectors due to their transparency, durability, and impermeability to moisture. The growing emphasis on quality building materials and advanced automotive technologies to meet the evolving needs of modern construction and manufacturing practices is likely to propel the segment expansion.
In terms of end-use, the vapor barriers industry from the automotive segment is set to witness high demand between 2023 and 2032. The increasing incorporation of advanced electronics and electrical systems in vehicles is surging the need for effective vapor barriers to enhance the longevity and reliability of automotive components for ensuring optimal performance even in challenging environments. Additionally, the rising adoption of EVs, particularly sensitive to moisture is further amplifying the product demand.
Europe vapor barriers market is projected to expand at a notable CAGR from 2023-2032. The growth is driven by stringent building regulations, energy efficiency goals, and environmental sustainability initiatives across various industries including automotive, and pharmaceutical. For instance, in October 2023, Belgian-based Solvay launched Diofan Ultra736, a new polyvinylidene chloride coating solution featuring an ultra-high water vapor barrier to lower the carbon footprint from pharmaceutical blister films. Moreover, the commitment to green building standards across European countries coupled with advancements in vapor barrier technologies will accelerate the regional market expansion.