Owing to the use of diversified materials, including
membranes, plastic, and many more, the risk related to decay,
corrosion, and so on can be avoided. Technological innovation and
evolution are likely to elevate the size of the competitive
landscape of vapor barriers.
WILMINGTON, Del., July 18,
2024 /PRNewswire/ – The projected
advancement of the North America
vapor barrier market is set to reach USD
5.8 billion by 2034. The last recorded valuation of the
ecosystem was measured at USD 3.2
billion in 2019. Owing to the poised development of the
competitive landscape through the forecast period at a CAGR of
5.4%, key players in the industry are likely to experience
lucrative prospects.
The ability of vapor barriers to arrest damage to buildings
surges the popularity of such instruments in the construction
sector. Owing to the rising demand for advanced structural
properties of buildings, leading players in the region have been
emphasizing the use of cutting-edge practices. This spurs the
demand for vapor barriers.
North America is witnessing
steady growth in the construction industry. Owing to the rising
infrastructural demand and growing population in the region, the
demand for appropriate construction of buildings is increasing.
With the rising focus on the progress of the corporate and defense
sectors, the construction of buildings and other infrastructural
properties has become mandatory.
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Building codes and regulations, such as International
Residential Code (IRC) section R702.7 and International Building
Code (IBC) section 1405.3, which mandate the use of vapor barriers
on framed walls in specific climate zones, are anticipated to drive
the North American vapor barrier market.
As per the report North America
vapor barrier market segmentation is done based on material type as
Class-I, Class-II, and Class-III. The IRC suggests using a Class-I
or Class-II vapor barrier on the interior side of homes in cold
regions. Similarly, the National Roofing Contractors Association
(NRCA) recommends placing vapor barriers on the interior side of
roofs in areas where the exterior temperature drops below 4 degrees
Celsius and the interior relative humidity is 45 percent or higher
during the winter season.
Recently launched products have advanced technology with more
flexible and efficient materials are effective in preventing
moisture and are easier to install. JM Vapor Barrier SAR launched
by Johns Manville are glass fiber reinforced, which provides
improved self-adhering, extended shelf life and higher initial tack
performance compared to the earlier products in the company's
portfolio. Vapor barrier launched by Polyglass USA Inc. under the brand name VertiWrap are
primerless, self-adhered, and are available in both options sheet
and fluid applied. New product launches focusing on improved
performance and easy installation are expected to shape the North
America Vapor Barrier Market Dynamics.
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Pertaining to the rising demand to curb maintenance and
operational costs of buildings, vapor barriers are used
extensively. Vapor barriers can also ensure the least energy loss,
which can thereby prove to be beneficial in terms of fueling the
efficiency of buildings.
The emerging trend in the construction industry suggests
that consumers are emphasizing energy-efficient solutions. To cater
to the demand, the use of vapor barriers has risen in the region,
creating prospects for leading manufacturers in the vapor barrier
industry.
Regulatory policies designed to measure the performance of
buildings are likely to augment the competitive landscape. The
necessity to comply with building codes related to moisture
absorption drives the installment of vapor barriers, fueling the
competitive space.
North America Vapor Barrier Market Report Scope:
Report
Coverage
|
Details
|
Forecast
Period
|
2024-2034
|
Base
Year
|
2020-2022
|
Size in 2023
|
US$ 3.2 Bn
|
Forecast (Value) in
2034
|
US$ 5.8 Bn
|
Growth Rate
(CAGR)
|
5.4 %
|
No. of
Pages
|
147
Pages
|
Segments
covered
|
By Product, By Sector,
By Category Type, By Region, By End-user
|
Key Findings from the Market Report
- The ecosystem of the North
America vapor barrier market is segmented based on different
significant parameters. Based on the type of material segment, the
class 1 category is expected to generate the highest revenue due to
the lowest permeability of such materials.
- Based on the thickness segment, the medium thickness category
is likely to gain traction. The demand for crawl space and
below-slab applications is expected to govern the segment.
- Owing to the higher chance of moisture travel from the soil,
the demand for below-slab applications is set to increase. This is,
hence, the highest-grossing category of the application
segment.
- New constructions, a key category of the construction type
segment, is set to govern the sector. This is due to the necessity
to comply with new regulatory policies.
Competitive Landscape
Leading players in the North
America vapor barrier market expand using many key
strategies, including mergers, acquisitions, collaborations, and
partnerships. New entrants, on the other hand, expand using
strategic alliances, innovations, and differentiation.
- The Concur Group offers products like concrete coatings,
commercial epoxy, concrete admixtures, and vapor barriers.
- Layfield Group Ltd. manufactures different products, including
packaging films, custom-engineered solutions, and many more.
- POLIFILM Group is another key player offering protective films,
agricultural films, and laminating films. The firm also offers
labeling films.
Key Players
- Insulfoam (A Carlisle Company)
- Concure Group
- Cover-Tech Inc.
- InterWrap
- ISI Building Products
- Layfield Group Ltd.
- POLIFILM Group
- Poly-America, L.P.
- Polyguard
- Reef Industries
- Stego Industries, LLC
- Tex-Trude
- W. R. Meadows Inc.
- Berry Global
- Henry Company (A Carlisle Company)
Key Developments in the North America Vapor
Barrier Market
- In December 2023, Layfield Group Ltd. expanded in
Brisbane by launching a new
warehouse in the city.
- In March 2024, Concur Group
partnered with Mastercard. The move aimed to simplify
expense reports.
Regional Profile
- Owing to technological infrastructure in the United States, various prospects for key
players in the North America vapor
barrier industry are created. This drives the size of the sector in
the country.
- The evolution of the construction industry in Canada is expected to drive the size of the
competitive landscape in the country. Leading organizations can use
the opportunity to penetrate into the said industry segment.
- Owing to the growth of the chemical and material industry in
the United States is another
factor augmenting the size of the competitive landscape. Such a key
factor drives the growth of the market.
Market Segmentation
By Material Type
- Class I
- Polyethylene Sheet
- Rubber Membrane
- Sheet Metal
- Others
- Class II
- 30 Pound Asphalt-coated Paper
- Bitumen-coated Kraft Paper
- Plywood
- Others
- Class III
- 15 Pound Asphalt-coated Paper
- Gypsum Board
- Concrete Block
- Fiberglass Insulation
- Others
By Thickness
- Thin (Below 10 mil)
- Medium (10 mil - 20 mil)
- Thick (Above 20 mil)
By Application
- Below-slab Vapor Barriers
- Wall Vapor Barriers
- Roof Vapor Barriers
- Others
By Construction Type
- New Construction
- Renovation/ Refurbishment
By End Use
- Residential
- Commercial
- Industrial
By Country
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