North American Air Barriers Market Growth Analysis | 2023-2028

North American Air Barriers Market Growth Analysis | 2023-2028

North American Air Barriers Market Growth Analysis | 2023-2028
Report code - SR2232 Published On : Dec,2022 No. of Pages: 100
North American Air Barriers Market Size, Share, Trends, Dynamics, Forecast, & Growth A See more...

Market Insights

The North American air barriers market is likely to experience a promising CAGR of 5.3% during 2023-2028 to reach a value of USD 5.9 billion in 2028.

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Market Dynamics

Introduction

Air barriers are the systems used to control the flow of air in building enclosures. These barriers keep the inside and outside air out of the building enclosure. Energy loss and resiliency of the building are the two most important forces that necessitate the usage of air barriers in building envelopes.

COVID-19 Impact

In 2020, the market experienced a decline of 8.3% in the wake of the COVID-19 pandemic. The market rebounded with a growth rate of 29.1% in 2021 and 15% in 2022, supported by the industry's growth and a sudden rise in the price of materials in the past two years due to supply chain disruption.

Market Drivers

Key factors driving the North American air barriers market are:

  • The recovery of the construction industry.
  • The growing need for the reduction in energy loss of buildings.
  • Growing concerns about indoor air quality.
  • Increasing awareness about green building technologies.

North America holds a lion’s share of the global air barriers market in 2022. Cold climates in North America demand a higher level of air barrier quality due to the increased risk of condensation and high humidity levels.

Recent Product Developments:

  • ExoAir 110AT by Tremco Inc. (RPM International Inc.): It is a 22-mil composite self-adhered impermeable air barrier, comprising 16 mils of butyl and 6 mils of HDPP facer. Extremely impermeable membrane with high durability.
  • Air-Bloc® All Weather STPE™ by Henry Company: A long-term UV & fire-resistant fluid-applied vapor permeable air barrier, designed for applicability at temperatures as low as 10°F (-12°C).

Recent Market JVs and Acquisitions:

  • Henry Company by Carlisle Company Inc.: In 2021, Carlisle Company Inc. acquired Henry Company, a leading provider of building envelope systems, from affiliates of American Securities LLC with a purchase agreement of US$ 1.6 Billion.
  • ParexGroup SA by Sika A.G: Parex USA is a leading mortar manufacturer. Also, it has a presence in spray and roll-on acrylic air barriers. The excellent façade business of Parex can act as leverage to the whole SIKA world.
  • GCP Applied Technologies by Saint-Gobain: In September 2022, Saint-Gobain acquired GCP Applied Technologies Inc., which is a leading provider of construction products that include high-performance specialty construction chemicals and building materials. Earlier, in 2021, Saint-Gobain acquired Chryso, one of the leading companies in the construction chemical business.
  • MBCC Group by Sika AG: Sika has signed an agreement to acquire MBCC Group from an affiliate of Lone Star Funds, a global private equity firm, for a consideration of EUR 5.2 billion. The agreement is now targeted to complete on H1 2023, instead of at the end of 2022 as previously announced.

Segment Analysis

Segmentations

List of Sub-Segments

Segments with High Growth Opportunity

Form Type Analysis

Acrylic, Asphalt, Polyurethane, Cementitious, Silicone, and Others

The liquid-applied air barrier is expected to remain the largest as well as the fastest-growing form type in the market during the forecast period.

Permeability Type Analysis

Bitumen, Concrete, and Others

Vapor permeable is expected to remain the dominant as well as the faster-growing permeability type in the market during the forecast period.

Substrate Type Analysis

Flat Roof, Pitched Roof, and Others

Gypsum is expected to remain the dominant as well as the fastest-growing substrate type during the forecast period

End-Use Type Analysis

Commercial, Residential, and Industrial

Commercial is expected to remain the largest as well as the fastest-growing end-use type in the market during the forecast period.

Country Analysis

The USA, Mexico, and Canada

The USA is expected to remain the largest market for air barriers in North America during the forecast period.

By Form Type

Based on the form type, the North American air barriers market is segmented into liquid-applied air barriers, sheet-applied air barriers, and other air barriers. The liquid-applied air barrier is expected to remain the largest as well as the fastest-growing form type in the market during the forecast period, owing to ease of application using a simple and cheap instrument (roller, sprayer, and brush), reduced time and cost of installation, less or no dependency on the installer, and no use of fasteners. Spray and roller are the most preferred application methods, owing to their fast and easy applicationAcrylic liquid-applied barrier is the predominantly used product type, owing to its excellent strength and adhesion to all common surfaces, providing continuous air tightnessSTPE and silicon are likely to experience the fastest growth during the forecast period. In sheet-applied, mechanically fastened sheets hold dominance; however, self-adhered sheets are gaining traction.

By Permeability Type

Based on the permeability type, the market is segmented into vapor permeable and vapor impermeable. Vapor permeable is expected to remain the dominant as well as the faster-growing permeability type in the market during the forecast period. The ability to resist air along with water vapor, slow diffusion of water vapor and aid in resisting the live loads which increase energy efficiency, are some key factors fueling the demand for permeable air barriers. Vapor-impermeable air barriers are mostly used in self-adhered sheets, especially in commercial buildings.

By Substrate Type

Based on the substrate type, the market is segmented into gypsum, CMU, OSB, and others. Gypsum is expected to remain the dominant as well as the fastest-growing substrate type during the forecast period as it is widely used in commercial buildings. Gypsum board is suitable for air barrier and is more economical than other substrates, classified as air barrier substrate as per ASTM E2178. CMU is likely to remain the second-largest substrate type during the forecast period. It is a popular choice in low/mid?rise commercial construction.

By End-User Type

Based on the end-use type, the market is segmented into industrial, commercial, and residential. Commercial is expected to remain the largest as well as the fastest-growing end-use type in the market during the forecast period. The biggest growth driver is an increased awareness about moisture intrusion and early adoption by design professionals in states such as Vermont, Pennsylvania, Connecticut, West Virginia, New York, Illinois, and Massachusetts.

Regional Insights

In terms of country, The USA is expected to remain the largest market for air barriers in North America during the forecast period. The USA and Canada have been the growth engines of the North American market, driven by an extremely cold climate, stringent regulations, rapid urbanization, and increased awareness of energy-efficient and economical green buildings. One of the key factors behind the dominance of the country is the early adoption of air barriers by the design professionals and architectures in the US states, such as Connecticut, Pennsylvania, West Virginia, New York, Illinois, and Vermont, which recognized the importance of an efficient air barriers system.

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Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the North American air barriers market.

  • Carlisle Companies Inc.
  • RPM International Inc.
  • SIKA AG
  • DuPont
  • Dow
  • Saint-Gobain
  • The 3M Company
  • W.R. Meadows
  • Polyguard Products, Inc.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s North American air barriers market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in North America and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis.
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
  • Market trend and forecast analysis.
  • Market segment trend and forecast.
  • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.
  • Strategic growth opportunities for the existing and new players.
  • Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The North American air barriers market is segmented into the following categories:

By Form Type

  • Liquid-Applied Air Barriers (Trend and Forecast)   
    • Method Type (Spray, Roller, and Trowel)
    • Product Type (Acrylic, STPE, Silicone, and Others)
  • Sheet-Applied Air Barriers (Trend and Forecast)
    • Product Type (Mechanically-Fastned Sheet and Self-Adhered Sheet)
  • Other Air Barriers

By Permeability Type

  • Vapor Permeable
  • Vapor Impermeable

By Substrate Type

  • Gypsum
  • OSB
  • CMU
  • Others

By End-Use Type

  • Commercial
  • Industrial
  • Residential

By Country

  • The USA (Trend and Forecast)
  • Canada (Trend and Forecast)
  • Mexico (Trend and Forecast)

North-American-Air-Barrier-Market-Segmentation

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to three players)
  • SWOT analysis of key players (up to three players)

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

A Bird's Eye View of the Market

The North American air barriers market is estimated to grow at a CAGR of 5.3% by 2028.

The North American air barriers market is likely to reach USD 5.9 billion in 2028.

Carlisle Companies Inc., RPM International Inc., SIKA AG, DuPont, Dow, Saint-Gobain, The 3M Company, and Polyguard Products, Inc. are the leading players in the North American air barriers market.

The fluid-applied air barrier is expected to remain the largest form type over the next five years, propelled by its ease of installation, applicability on uneven surfaces, lower cost, no requirements of fasteners, and lesser installation time.

An increase in construction activities, a growing need for the reduction in energy loss of buildings, growing concerns about indoor air quality, and increasing awareness about green building technologies are some of the key factors fueling the market's growth.

The USA is expected to remain the largest market for air barriers in North America during the forecast period.

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