Asia-Pacific Air Barrier Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Category (Coating and Membrane), Type (Vapor Permeable and Vapor Impermeable), and Application (Residential, Commercial, and Industrial)
The APAC air barrier market is expected to grow from US$ 6,729.58 million in 2022 to US$ 8,950.58 million by 2028. It is estimated to grow at a CAGR of 4.9% from 2022 to 2028.
Increasing Use of Fluid-Applied Air Barriers is Driving the APAC air barrier Market
The popularity of fluid-applied air barriers is rapidly increasing, owing to their various advantages such as versatility, ease of application, and effectiveness even on irregular substrates. Fluid-applied air barriers are easier and faster to apply in comparison with sheet air barriers. These fuel-applied air barriers are used as self-adhered membranes, saving labor costs and time. Moreover, a fluid-applied membrane air barrier requires fewer applicators, which helps reduce labor costs. Fluid-applied air barriers eliminate the issues of tearing, holes, and mislapped joints and provide stable rigidity under air pressure loads. With a fluid-applied air barrier, there are no concerns about UV-ray degradation for up to six months, which is a concern with sheet-applied air barriers when stored outside. They found that fluid-applied air barriers were very popular for their ease of use compared to sheet membranes, and ~62% of applicators use fluid-applied air barrier coatings. Hence, the increasing use of fluid-applied air barriers is expected to APAC boost air barrier market growth.
APAC Air Barrier Market Overview
Australia, China, India, Japan, South Korea, and the Rest of APAC are the key contributors to the APAC air barrier market. The Indian government is keen on the major remodeling of public infrastructure and further expansion of development of the construction sector in the country. Alongside this, profit-bearing growth strategies and product innovations by many key players are projected to boost the sales of air barriers over the forecast period. Moreover, the significantly growing demand for air Barriers in the region is attributed to the presence of a strong industrial base that is making this region the workshop of the world. As regional pollution increases, air barriers will become essential in these areas. Awareness about personal care is growing among people, and as COVID-19 has hit these areas quite badly, these two factors boost growth for APAC air barrier market in the future.
APAC Air Barrier Market Revenue and Forecast to 2028 (US$ Million)
APAC Air Barrier Market Segmentation
The APAC air barrier market is segmented into category, type, application, and country. Based on category, the market is segmented into coating and membrane segment. The coating segment registered a larger market share in 2022.
Based on type, the APAC air barrier market is segmented into vapor permeable and vapor impermeable. The vapor impermeable segment registered a larger market share in 2022. Based on application, the APAC air barrier market is segmented into residential, commercial, and industrial. The residential segment registered the largest market share in 2022. Based on country, the APAC air barrier market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. China dominated the market share in 2022. 3M Co; BASF SE; Carlisle Companies Inc; Dow Inc; GCP Applied Technologies Inc; General Electric Co; Henry Co; TK Products Construction Coating; VaproShield LLC; and W. R. Meadows Inc are the leading companies operating in the APAC air barrier market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC air barrier market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the APAC air barrier market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the air barrier market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook