The Breathable Membranes Market For Construction Industry is predicted to grow at a CAGR of 9.5% during the forecast period of 2022-2027. It would reach the market value of US$900 million by 2027. The growth of the breathable membranes market for the construction industry would depend massively on the residential and commercial construction industry. Breathable Membranes release moisture easily into the environment from the insulted structures and keep the internal wall component and roof structures dry. These membranes are also said to improve a building’s thermal efficiency and provide protection from external weather during repair or new construction work. Breathable membranes provide resistance to vapor, superior water vapor permeability and water resistance. These are extensively used for roofing, cladding and building lining. Polyethylene and polypropylene are the key materials used for Breathable Membranes.
Breathable Membranes Market for Construction Industry: The Residential Segment Leads the Market
On the basis of the end-use industry, the Breathable Membranes Market for Construction Industry can be segmented into residential, commercial and industrial. Breathable membranes are the sturdy barriers used below the roofing in order to provide protection from air-driven snow and air. Most breathable membranes are known for their superior vapor permeability and air-opening capacity. Modern buildings tend to be more airtight due to the availability of limited space. Therefore, it is essential to install suitable roof ventilation in order to allow moisture to escape. According to European Union, in December 2021, construction of buildings increased by 4.6% and civil engineering construction rose by 3.3% compared to 2020. Thus, the increased importance of breathable membranes along with growth in residential construction activities are supporting the market growth.
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Breathable Membranes Market for Construction Industry: Asia-Pacific Holds the Largest Share
On the basis of geography, the Breathable Membranes Market for Construction Industry can be categorized into North America, Europe, Asia-Pacific, South America and the Rest of the World. According to Industry Arc’s analysis, Asia-Pacific has emerged as one of the most lucrative regions in the market. In 2021, the Asia-Pacific region held a market share of 42%. Asia-Pacific comprises fast developing economies such as China, India, Indonesia and Malaysia which are supporting the market growth. Breathable membranes are extensively used in residential and commercial construction to improve ventilation by allowing moisture to escape. Furthermore, the increase in urbanization in this region in supporting the construction industry growth. It further boosts the market growth in this region.
Asia-Pacific is followed by North America which is expected to gain high demand for the Breathable Membranes Market for Construction Industry. The major countries in North America include the USA, Canada and Mexico.
Breathable Membranes Market For Construction Industry: Competitive Landscape
The key companies holding a major share in the Breathable Membranes Market for Construction Industry are DuPont, GAF Material Corporation, Saint Gobain SA, Kingspan Group PLC, Klober, Knauf Insulation, Porelle Membranes, Riwega Srl GmbH, Soprema Group and Sungod Technology Co., Ltd.
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