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Witnessing the industry’s much anticipated shift from the traditionally preferred gypsum board to sustainably superior spray foam, the global air barrier market value will exceed US$ 16,932.8 Mn by 2022 end. A recent research study of Future Market Insights (FMI) suggests that the overall growth of the market for air barrier will be moderate during the period of forecast, 2022 – 2029.
Increasing installations of insulation systems is particularly driving the demand for air barrier in the residential building sector. However, the demand will also see a considerable rise in commercial and industrial sectors in the following years. This demand growth is attributed to the increasing stringency of regulations and industrial building code of conduct, says the report.
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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.
Key Takeaways – Air Barrier Market Study
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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 point 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 air barrier market that have been profiled in the report includes Owens Corning that currently accounts for more than 18% of the total market share.
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Machine Control System Market: The global machine control system market growth is expected to register a healthy CAGR of 8% during the assessment period with an estimated valuation of US$ 13.6 Bn by 2032.
District Cooling Market: The global District Cooling System industry is poised to increase at a steady CAGR of 3%, reaching US$ 1.28 Bn by 2032 from US$ 930 Mn in 2021.
Refrigeration Coolers Market: The global Refrigeration Coolers Market is expected to have a moderate CAGR of 6% during the forecast period to reach a valuation of US$ 6.45 Bn by 2032, up from US$ 3.6 Bn in 2022.
Ductless Heating & Cooling Systems Market: The global Ductless Heating & Cooling Systems Market size is likely to grow at a rate of 8% CAGR during the forecast period of 2022 to 2032.
Biocomposites Market: During the assessment period, the global biocomposites market is expected to increase at a robust CAGR of 16%, from US$ 25 Bn in 2021 to US$ 128 Bn in 2032.
Stacker Crane Market: The Stacker Cranes Market is expected to grow at a CAGR of 7%, from an estimated USD 976 million in 2021 to USD 2022.48 million in 2032.
About Future Market Insights (FMI)
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. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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The post Demand For Air Barrier Market Is Projected To Grow At A Value Of 4.6% CAGR Between 2022 And 2029 appeared first on Future Market Insights.
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