Breathable Membranes Industry - Regional Synopsis
APAC Market Forecasts
The Asia Pacific region is anticipated to dominate the breathable membranes market registering a share of 33% during the time period. 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 2037. 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.
