Skip to main content

Vapour Barrier Market Recorded Strong Growth in 2019; COVID-19 Pandemic Set to Drop Sales

The global vapour barrier market is on a steady growth trajectory, primarily driven by the rising number of infrastructure development activities. Projecting the market growth at a moderate CAGR of 4%, a new market study by Future Market Insights (FMI), provides a detailed analysis of the market and the COVID-19's impact on the market.
In recent times, infrastructure development activities in the private, public, commercial, and residential sectors are inclining towards green building concepts on the back of growing environmental awareness, subsequently leveraging the amenities of modern technological advancements. Owing to this fact, the demand for vapour barriers is propelling over the forecast period (2019 - 2029).
"The market facing an adversary in the form of global outbreak of COVID-19 that has led the construction activities to a standstill for an indefinite period of time. With mounting restrictions on movement, the trade is taking the blow. BASF Group, a prominent player, has issued a statement stating that the viral infection could result in the second year of falling profit for the company and reduce the production to about 1.2%. That would be the worst growth for the sector since the Great Recession in 2008 and a significant dip compared to 2019 when it grew 1.8%. While the statement stands true to the overall chemical industry, the impact of the pandemic on vapour barrier segment is inevitable," says the FMI analyst.
Segmental Highlights
Polymer vapour barriers, owing to their excellent resistance properties, are likely to garner traction in the near future.
Polyethylene will remain the most sought-out polymer type, accounting for nearly 60% of overall share, owing to the low-cost factor associated with low-density polyethylene (LDPE), and is expected to grab high attention of manufacturers.
Asphalt & Bitumen vapour barriers, which are currently being used widely, especially in concrete foundations, will witness a decline in demand due to the shortcomings that retrain the material in applications with consistent exposure to sunlight.
Drywall board lumber and gypsum board are anticipated to exhibit rapid growth both in terms of volume and value.
Membrane type vapour barriers will register remarkable growth and maintain a dominating share on the back of the easy installation.
North America will persist its dominance throughout the forecast period, on the back of stringent government regulations for improving the overall efficiency and comfort of existing homes as well as of ongoing housing developments.
Request the coronavirus impact analysis across industries and markets https://www.futuremarketinsights.com/covid19/rep-gb-3084
Asia is expected to bestow substantial revenue opportunities for players in the vapour barrier market, backed by flourishing construction industry in China, and India. However, the ongoing pandemic is likely to put a pause on the rapid growth in the immediate future.
Explore Extensive Coverage of FMI's Chemicals & Materials Landscape
Sulfur Hexafluoride Market- Obtain valuable insights on the sulfur hexafluoride with exhaustive segmental analysis, market statistics, key influencing factors, prominent players and critical developmental strategies adopted by them for a predefined projection period.
Bentonite Market- FMI's report on the global bentonite market offers an in-depth commentary on the market poised for prolific growth during 2019-2029. The study covers a comprehensive evaluation of key impacting forces, revenue sources, and market leaders along with instrumental market strategies.
Refinery Catalyst Market- Get a deep-dive analysis on the global refinery catalyst market with crucial insights on growth levers, opportunities, restraints, regulatory policies, regional market forecast and key forte of market leaders.
Press-Release Source – https://www.accesswire.com/585201/Vapour-Barrier-Sales-Set-for-Gradual-Growth-COVID-19-Likely-to-Disrupt-the-Steady-Growth-Trajectory-Says-FMI-in-a-New-Study
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
Contact:
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com

Comments

Post a Comment

Popular posts from this blog

Frozen Foods Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Frozen Foods Market has experienced a significant transformation in recent years and continues to be a prominent and dynamic segment of the global food industry. As we move into 2033, this market remains a crucial part of modern lifestyles, offering a wide variety of convenient and preserved food options for consumers. The growth of the Frozen Foods Market is fueled by changing consumer preferences, technological innovations, and an ever-increasing demand for convenient, time-saving, and nutritious meal solutions. In 2033, the Frozen Foods Market is expected to continue its upward trajectory, as more consumers seek the benefits of frozen products. This market encompasses an extensive range of items, from frozen vegetables and fruits to ready-to-eat meals, appetizers, and desserts. The versatility and extended shelf life of frozen foods have made them an essential staple in many households. Consumers are drawn to the convenience of having quick, easy-to-prepare, ...
Post a Comment
Read more

Global ADAS Calibration Equipment Market Projected to Witness a Measurable Downturn; COVID-19 Outbreak Remains a Threat to Growth in the Near Future

  ADAS Calibration Equipment Market Analysis 2019 - 2029 A recent market study published by FMI on the ADAS calibration equipment market includes global industry analysis for 2014 - 2018 & opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical as well as current growth parameters of the ADAS calibration equipment market, the growth prospects of the market are obtained with maximum precision. ADAS Calibration Equipment Market Taxonomy The global ADAS calibration equipment market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader. Vehicle Passenger Vehicles Commercial Vehicles End User Automotive OEMs Tier 1 Suppliers Service Stations Region North America Latin America Europe South Asia East Asia Oceania Middle East and Africa For more insights into the Market, request a sample of this report@  ...
Post a Comment
Read more

A New Future Market Insights Study Analyses Growth of High Barrier Packaging Films for Pharmaceuticals Market in Light of the Global Corona Virus Outbreak

A recent market study published by Future Market Insights on the high barrier packaging films for pharmaceuticals market includes global industry analysis of 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on historic as well as current growth parameters, growth prospects of the market are obtained with maximum precision. High Barrier Packaging Films for Pharmaceuticals Market Taxonomy The global  high barrier packaging films for pharmaceuticals market  is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers. Product Cold-formable Films Coextruded Films Thermo-formable Films Material Aluminium Plastics Polypropylene(PP) Ethylene Vinyl Alcohol(EVOH) Polyamide Polyethylene Terephthalate(PET) Polyethylene(PE) PVC/PvdC Others (COC, PFTFE, etc.) Application Bags &...
Post a Comment
Read more