Vapor Barriers Market size was valued at USD 12.8 Billion in 2023 and is expected to exceed USD 21.5 Billion by the end of 2036, expanding at over 5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of vapor barriers is evaluated at USD 13.2 Billion.
The rapidly flourishing construction industry is driving focus on moisture management which is simultaneously boosting the growth of the vapor barriers market. As per the statistics provided by Invest India; the construction industry of India is poised to attain a value of USD 1.5 trillion by 2025.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
5% |
Base Year Market Size (2023) |
USD 12.8 Billion |
Forecast Year Market Size (2036) |
USD 21.5 Billion |
Regional Scope |
|
Material (Glass, Sheet Metal, Polymer, Membranes, Asphalt & Bitumen, Gypsum Board, Drywall/Board Lumber, Plywood, Concrete/Brick)
Polymer segment is poised to capture around 51% vapor barriers market share by the end of 2036. The segment growth can be attributed to its significant availability. Polymer vapor barriers are easy to install, cost-effective, versatile, flexible, and offer prime moisture resistance attributes.
Additionally, these reduce the risk of mildew formation, lessening the risk of damage to the building materials. Further, these are highly demanded under-slab applications due to their enormous properties. The U.S. National Science Foundation along with industry leaders such as BASF announced a sustainable polymer research program that incorporates a huge fund of USD 9.5 million and will leverage data science tools for the creative of new premium polymers.
Application (Corrosion Resistance, Insulation, Waterproofing, Material Packaging & stacking, Microbial & Fungal Resistance)
By 2036, insulation segment is expected to capture over 40% vapor barriers market share. Insulation helps in maintaining ideal indoor comfort along with saving energy by resisting the entry of moisture in walls and ceilings. The integration of vapor barriers with insulation materials improves the thermal structure of the buildings.
Also, vapor barriers are highly demanded to offer optimal insulation in regions where the climate fluctuates and both indoor and outdoor temperatures differ. Vapor barriers prevent the wall from desiccating by maintaining moisture.
Our in-depth analysis of the global market includes the following segment:
Material |
|
Type |
|
Application |
|
End-Use |
|
North America Market Statistics
North American region in vapor barriers market is expected to account for revenue share of around 36% by 2036. The market is growing in the region owing to the increased construction of residential and commercial buildings, green buildings, and cold weather. Green buildings are estimated to reduce 30% energy usage as per the United States Green Building Council.
The market is growing in Canada owing to the development in the end-use sector. The government of Canada plans to set up 3.87 million new homes by 2031.
The growth driving factors for the market in the United States are the flourishing construction and building industry which lead to the upgradation of vapor barriers. The construction establishments present in the US were reportedly more than USD 0.09 trillion creating structures valued around USD 2.1 trillion every year.
Asia Pacific Market Analysis
Asia Pacific region vapor barriers market revenue is estimated to reach USD 6 Billion by the end of 2036 owing to the increasing popularity of vapor barriers in this region.
The market is thriving in India due to the rapid growth of the construction industry. The capital investment expenditure for infrastructure projects in India outstretched up to USD 133.86 under the interim budget 2024-25.
The growth driving factor for the vapor barriers market in China is the increase in automotive sales and the expansion of the construction sector. Moreover, the presence of industry leaders committed to meeting the demands of vapor barriers is also a significant factor responsible for the market’s growth. Shanghai Yingfan Engineering Material Co., is one of the major key players present in China that manufactures reliable high-density polyethylene water vapor barriers.
The vapor barriers market is dominated by key market players who are gaining traction in the market by expanding the construction industry.
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?