Breathable Membranes Market size is estimated to reach USD 80 billion by the end of 2036, growing at a CAGR of 13% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of breathable membranes was over USD 7 billion. Rising demand for improved air quality, development of more energy-efficient building designs, and increasing investments in the improvement and renovation of residential and commercial buildings for energy management systems will contribute significantly to the market growth rate during the forecast period.
The construction sector currently accounts for approximately 35% of the country's energy consumption, and there is an urgent need to contribute to energy savings and efficiency. The year 2022 marked the highest year for the global value of investments made in energy-efficient buildings. But in order to reach the goal of having net zero by 2050, the value of such investments would have to exceed half a trillion dollars every year between 2026 and 2030.
The market for breathable membranes is predicted to rise due to increased security awareness in construction operations. There has been a growing concern about safeguarding construction materials from water vapour harm.
Growth Driver
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
13% |
|
Base Year Market Size |
USD 7 billion |
|
Forecast Year Market Size |
USD 80 billion |
|
Regional Synopsis
|
|
Raw Material (Polyethylene, Polypropylene)
In terms of raw material, the polypropylene sector is assessed to hold a 40% market share throughout the forecast period, 2024-2036. Breathable membranes are entirely waterproof, can better drain away condensation, and are appropriate for heated roof constructions without ventilation.
Polypropylene is the preferred material for creating these membranes since it is long-lasting, breathable, water-resistant, inexpensive, and considered harmless and non-toxic to people.
Application (Pitched Roofs, Medical, Walls)
Based on application, the medical segment is set to hold the largest breathable membranes market share during the estimated period. Due to the growing interest in people's health and the increase in the number of hospitals, the use of breathable films and membranes has increased significantly in the healthcare field.
More than 90% of the US population has access to health insurance. The majority of people age 65 and older have insurance through Medicare or Medicaid, private health insurance, or both.
Our in-depth analysis of the global market includes the following segments:
|
Raw Material |
|
|
Application |
|
APAC Market Forecasts
The Asia Pacific region is anticipated to dominate the breathable membranes market registering a growth of 33% during the time period between 2024-2036. This growth is primarily due to the region including major economies such as China, India, Japan, and Australia, and is experiencing rapid growth in construction production, including residential and commercial real estate. According to the Australian Bureau of Statistics, the number of homes approved in Australia increased by 43.5% in February 2022, with the number of private-sector housing approvals increasing by 16.5%.
Also, India's construction industry grew by 6.2% in the fourth quarter of 2020, according to the Ministry of Statistics and Program Implementation. The significant growth of the construction industry in the region requires more sustainable and renewable materials in construction for environmental reasons.
European Market Statistics
The Europe market is expected to develop significantly by the end of 2036. With an increasing population and the rising demand for homes, Europe's breathable membranes industry is poised to expand in the upcoming years. The growing demand for high-quality breathable membranes with exceptional UV resistance and airtight qualities has resulted in a major increase in breathable membranes supply.
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?