
North America Air Barrier Market
No. of Pages: 112 | Report Code: BMIRE00027827 | Category: Chemicals and Materials
No. of Pages: 112 | Report Code: BMIRE00027827 | Category: Chemicals and Materials
Growth of Residential Construction Sector is Driving the North America Air Barrier Market
Air leakage in homes can increase heating and cooling costs, cause moisture damage in walls, allow pollutants and debris to collect in wall interiors, and provide openings for insects and rodents to enter. To avoid this, air barriers are highly used in residential construction. The market for this segment is driven by an increase in government spending on residential construction and a rise in demand for new homes and building improvements. The new government spending from the Infrastructure Bill and budget earmarks to encourage energy-efficient construction is powering additional demand for residential projects. In addition, the pandemic created a demand for housing in areas away from crowded cities, and many homebound workers decided to invest in home improvement projects. The 3.8 million units are needed to not only meet the demand from the growing number of households but also to maintain a target vacancy rate of 13%, which is boosting the residential construction sector is driving the demand for air barriers which in turn is boosting the North America air barrier market.
North America Air Barrier Market Overview
The US, Canada, and Mexico are the key economies in North America air barrier market. Growth in the economies of these countries along with development in the construction sector is a major factor influencing the growth of the market. High investments in R&D activities to produce innovative barriers and insulations, such as cellulose and OSB material barriers, will boost the sales of air barriers. The private construction sector is growing at a notable growth rate and contributing to more than 70% share of the construction industry in North America. Moreover, the presence of leading companies such as DuPont, Owens Corning, 3M Company, and Carlisle Companies is expected to bolster the growth of the North America air barrier market.
The construction sector in North America is rapidly developing due to a robust economy and increased federal and state financing for public works and institutional structures. According to the American Institute of Architects (AIA), commercial building investment in North America is increasing year after year. Over the projection period, construction investment is expected to expand at a breakneck pace. All these factors are boosting the demand for North America air barrier market.
Strategic insights for the North America Air Barrier provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Air Barrier refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
North America Air Barrier Strategic Insights
North America Air Barrier Report Scope
Report Attribute
Details
Market size in 2022
US$ 3,838.62 Million
Market Size by 2028
US$ 5,008.73 Million
Global CAGR (2022 - 2028)
4.5%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Category
By Type
By Application
Regions and Countries Covered
North America
Market leaders and key company profiles
North America Air Barrier Regional Insights
North America Air Barrier Market Segmentation
The North America air barrier market is segmented into category, type, application, and country. Based on category, the market is segmented into coating and membrane segment. The coating segment registered a larger market share in 2022.
3M Co; BASF SE; Carlisle Companies Inc; Dow Inc; GCP Applied Technologies Inc; General Electric Co; Henry Co; TK Products Construction Coating; VaproShield LLC; and W. R. Meadows Inc are the leading companies operating in the North America air barrier market.
The North America Air Barrier Market is valued at US$ 3,838.62 Million in 2022, it is projected to reach US$ 5,008.73 Million by 2028.
As per our report North America Air Barrier Market, the market size is valued at US$ 3,838.62 Million in 2022, projecting it to reach US$ 5,008.73 Million by 2028. This translates to a CAGR of approximately 4.5% during the forecast period.
The North America Air Barrier Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Air Barrier Market report:
The North America Air Barrier Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Air Barrier Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Air Barrier Market value chain can benefit from the information contained in a comprehensive market report.