South America 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)

South America 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 SAM air barrier market is expected to grow from US$ 881.73 million in 2022 to US$ 1,085.37 million by 2028. It is estimated to grow at a CAGR of 3.5% from 2022 to 2028.

Growth of Residential Construction Sector is Driving the SAM Air Barrier Market

Air leakage in homes can increase heating and cooling costs, cause moisture damage in walls, allow pollutants and debris to collect in wall interiors, and provide openings for insects and rodents to enter. To avoid this, air barriers are highly used in residential construction. The market for this segment is driven by an increase in government spending on residential construction and a rise in demand for new homes and building improvements. The new government spending from the Infrastructure Bill and budget earmarks to encourage energy-efficient construction is powering additional demand for residential projects. In addition, the pandemic created a demand for housing in areas away from crowded cities, and many homebound workers decided to invest in home improvement projects. The 3.8 million units are needed to not only meet the demand from the growing number of households but also to maintain a target vacancy rate of 13%, which is boosting the residential construction sector worldwide is driving the demand for air barriers.

SAM Air Barrier Market Overview

The SAM air barrier market is segmented into Brazil, Argentina, and the Rest of SAM. Despite the ongoing surge in COVID-19 cases, SAM's construction sector seems to be benefiting from a faster-than-expected recovery in the region's economy. The rising household income levels and the rising number of people migrating from rural to urban areas are expected to drive the demand for the residential construction sector in the country. The augmented focus on affordable housing by both the public and the private sector may propel development in the residential construction sector, thereby boosting the usage of air barriers in construction applications. Furthermore, the region's key players can increase their market share by focusing on product development and innovations. It is considered that with the increasing presence of global and local market players, coupled with growing research and development activities, the air barriers market is expected to find immense opportunities in SAM during the forecast period.

SAM Air Barrier Market Revenue and Forecast to 2028 (US$ Million)

SAM Air Barrier Market Segmentation

The SAM 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 SAM 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 SAM air barrier market is segmented into residential, commercial, and industrial. The residential segment registered the largest market share in 2022.

Based on country, the SAM air barrier market is segmented into Brazil, Argentina, and the Rest of SAM. Brazil 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 SAM air barrier market.

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