PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1453890
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1453890
According to Stratistics MRC, the Global Air Barrier Market is accounted for $16,959.7 million in 2023 and is expected to reach $26,355.2 million by 2030 growing at a CAGR of 6.5% during the forecast period. An air barrier is a material or assembly designed to control the movement of air between the interior and exterior of a building. It serves to minimize airflow through the building envelope, preventing unwanted drafts, heat loss, and moisture infiltration. Typically installed as part of the building's construction, air barriers can be made of various materials, such as membranes, spray foams, or rigid boards. Properly implemented air barriers are integral components of modern building design and construction.
Rising demand for sustainable construction
Air barriers help minimize air leakage, which is a significant contributor to energy loss in buildings. These barriers play a crucial role in sustainable construction by enhancing energy efficiency and improving building envelope performance. Furthermore, by creating a more airtight building envelope, air barriers reduce the need for heating and cooling, thus lowering energy consumption and greenhouse gas emissions, which is propelling market growth.
High cost
The total cost of an air barrier system can rise because these systems frequently call for specialized membranes, which can be more expensive than standard building supplies. Professionals with knowledge and experience in air barrier technology may command higher fees for their services, further adding to the overall cost. Moreover, the cost of testing and verification adds to the financial burden, thereby hampering market growth.
Technological advancements
Innovations in materials, coatings, and building envelope design contribute to the development of advanced air barrier solutions that address the evolving needs of the construction industry. These materials offer superior durability and resistance to air leakage, enhancing the overall effectiveness of air barrier installations. Furthermore, advancements in building envelope design, such as the use of computational modeling and simulation tools, allow architects and engineers to optimize air barrier placement and performance during the design phase, thereby driving market growth.
Lack of awareness
Many professionals in the construction industry may not have a thorough understanding of how air barriers work or how to properly incorporate them into building designs. This lack of awareness leads to underutilization or improper installation of air barrier systems. Furthermore, there is a scarcity of education and training programs focusing on air barrier technologies and best practices, which significantly limits market growth.
Covid-19 Impact
The COVID-19 pandemic has had several negative impacts on the air barrier market, primarily due to disruptions in construction activities, supply chain challenges, and economic uncertainties. Lockdown measures and social distancing protocols led to project delays and cancellations, resulting in decreased demand for air barrier products. Construction sites faced closures or operating restrictions, leading to labor shortages and logistical challenges. In addition, uncertain market conditions and decreased consumer confidence dampened demand, impacting the adoption of air barrier solutions.
The gypsum board segment is expected to be the largest during the forecast period
The gypsum board segment is estimated to hold the largest share, due to its widespread use in construction. Gypsum boards, also known as drywall or plasterboard, are commonly utilized as interior wall and ceiling materials. There offerings cater to diverse construction needs, ranging from residential to commercial and institutional projects. Additionally, manufacturers have responded to the demand for improved energy efficiency and building performance by developing gypsum boards with enhanced air barrier properties which drive this segment's size.
The corrosion resistance segment is expected to have the highest CAGR during the forecast period
The corrosion resistance segment is anticipated to have highest CAGR during the forecast period, due to they are specifically designed to withstand the detrimental effects of corrosion, ensuring long-term durability and performance of the building envelope. Materials such as stainless steel, aluminum, and certain polymer-based coatings are commonly utilized to provide corrosion resistance in air barrier applications. Moreover, these materials offer superior resistance to rust, degradation, and chemical damage, thereby preserving the integrity of the air barrier system over time.
Asia Pacific commanded the largest market share during the extrapolated period owing to demand for energy-efficient building solutions and heightened awareness of sustainable construction practices. Rapid urbanization, population growth, and increasing industrialization in countries like China, India, Japan, and South Korea. Moreover, rising standards of living and growing awareness of indoor air quality have spurred demand for buildings that offer superior comfort and occupant health which are boosting this region's growth.
Europe is expected to witness highest CAGR over the projection period, owing to the adoption of air barrier systems as essential components of building envelopes to minimize heat loss, enhance thermal comfort, and reduce energy consumption. Air barriers contribute to sustainable construction by improving the air tightness of buildings, thereby reducing carbon emissions. Moreover, manufacturers in Europe are innovating to meet the evolving needs of the construction industry, offering a wide range of air barrier products tailored to different building types and climates.
Key players in the market
Some of the key players in the Air Barrier Market include DuPont de Nemours Inc., Soprema, BASF SE, Compagnie de Saint-Gobain S.A, Owens Corning, GCP Applied Technologies, Carisle Companies, Huber Engineered Woods LLC, Atlas Roofing Corpporation, Firestone Building Products Company, LLC, Johns Manville, GAF Materials Corporation, Norbord Inc, W. R. Meadows, Inc, Sika AG, Knauf Insulation, Bostik Inc., The Sherwin Williams Company, 3M Company and Laticrete International Inc.
In January 2024, Johns Manville, a Berkshire Hathaway company and building products manufacturer, announced the launch of its White EPDM Peel & Stick Flashing, an uncured flashing material the company says eliminates the need for welding and is compatible with TPO roofing systems.
In November 2023, BASF and SK On entered into an agreement to evaluate collaboration opportunities in the global lithium-ion battery market.
Table Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.