Increasingly stringent building codes & energy regulations, along with upsurge in demand from residential & industrial sector will continue pushing sales of air barrier.
The global air barrier market value will exceed US$ 16,932.8 Mn by 2022 end. A recent research study by Future Market Insights (FMI) suggests that the overall growth of the market for air barriers will be moderate during the period forecast, 2022 – 2029.
Increased insulation system installations are specifically driving the demand for air barriers in the residential building zone. However, demand in the business and commercial sectors may see a significant increase in the coming years. According to the file, this increase in demand is due to the increasing stringency of rules and commercial building code of behaviour.
Air barrier demand is expected to grow at a 4.6 percent CAGR between 2022 and 2029. Future Market Insights (FMI) forecasts the market value to reach US$ 16,932.8 Mn by 2022 end.
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Key Takeaways – Air Barrier Market Study
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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.
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 establishing a foothold of existing manufacturing companies would continue to pose major challenges in front of potential new entrants in the global air barrier market.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Aug 15, 2022