Middle East & Africa 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 MEA air barrier market is expected to grow from US$ 1,258.12 million in 2022 to US$ 1,576.20 million by 2028. It is estimated to grow at a CAGR of 3.8% from 2022 to 2028.
New Product Launches is Bolstering the MEA Air Barrier Market
The players operating in MEA air barrier market are focusing on developing new and innovative air barriers in order to fulfill customer demand. For instance, in October 2020, GCP Applied Technologies added two new products to its air barrier portfolio—PERM-A-BARRIER VPL 50RS and PERM-A-BARRIER VPS 30 membranes. These new air barriers are specifically designed to offer superior protection against the damaging effects of air and liquid water ingress on building structures. The product will also help reduce associated energy loss and condensation problems through the building envelope. In addition, in June 2019, Henry Company introduced Henry Air-Bloc All Weather STPE Fluid Applied Vapor Permeable Air Barrier. It is a UV- and fire-resistant, fluid-applied, elastomeric membrane designed to provide a vapor-permeable, water-resistive air barrier when applied to high-performance above-grade wall assemblies. It can be applied at temperatures as low as 10°F and withstand rain. Therefore, market players’ focus on performance improvement of the product enables them to launch new and innovative air barriers for their customers, which will offer lucrative opportunities for the growth of the MEA air barrier market.
MEA Air Barrier Market Overview
The MEA air barrier market primarily includes South Africa, Saudi Arabia, and the UAE. The growing demand among real estate developers and the surge in infrastructural projects owing to industrialization and urbanization in the region are the key factors anticipated to drive the air barriers market. The rising urban population has improved the construction of private residential buildings from semi-urban and urban cities. The government is looking forward to investing large amounts in the building and construction industry. Moreover, the growing need for residential and non-residential buildings in the region has created lucrative opportunities for the air barriers market in the MEA. The increasing adoption of innovative eco-friendly materials in construction and the presence of government standards and initiatives for developing the smart building in the region will drive market revenue growth during the forecast period.
MEA Air Barrier Market Revenue and Forecast to 2028 (US$ Million)
MEA Air Barrier Market Segmentation
The MEA 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 MEA 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 MEA air barrier market is segmented into residential, commercial, and industrial. The residential segment registered the largest market share in 2022. Based on country, the MEA air barrier market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The Rest of MEA dominated the market share in 2022. 3M Co; BASF SE; 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 MEA air barrier market.
Reasons to Buy
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