Global Breathable Membranes Market Overview 2023: Size, Drivers, And Trends
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The Business Research Company’s Breathable Membranes Global Market Report 2023 offers crucial insights into the breathable membranes market help businesses analyse and build stronger strategies.
The global breathable membranes market is experiencing remarkable growth, with projections indicating an increase from $1.50 billion in 2022 to $1.71 billion in 2023 at a robust compound annual growth rate (CAGR) of 14%. Looking ahead, the market is anticipated to reach $2.76 billion in 2027, maintaining a steady CAGR of 12.6%. Let’s delve into the key drivers behind this surge, the major players shaping the landscape, and the technological advancements propelling the industry forward.
Fueling Growth: Building and Construction Boom
Building and Construction Dynamics The escalating growth of the building and construction industry is a prime driver propelling the breathable membranes market. These membranes play a pivotal role in enhancing the thermal efficiency of a building’s external envelope while providing temporary protection during construction or repair activities.
Moisture Regulation Breathable membranes are instrumental in allowing buildings to breathe out moisture, preventing the buildup of dampness and mold issues within walls. This dual functionality contributes to the durability and health of structures.
Industry Statistics In 2022, the UK’s construction output witnessed a substantial 4.0% growth, amounting to £575 million ($603.4 million) in September 2022, surpassing pre-COVID-19 levels. Similarly, in June 2021, Statistic Canada reported a notable increase in building construction investment, rising from $14,294 million in April 2019 to $19,273 million in April 2021.
Major Players Steering the Ship
Industry Giants Key players at the forefront of the breathable membranes market include DuPont de Nemours Inc., Dörken, Soprema Group, and GAF Materials Corporation, among others.
Strategic Advancements Technological innovation stands out as a key trend within the market, with major companies focused on developing cutting-edge solutions to reinforce their positions.
Innovation Spotlight: Polartec’s Sustainable Power Shield Fabric
Polartec’s Breakthrough In October 2022, Polartec, a US-based provider of textile solutions, introduced bio-based Power Shield fabric technology. This innovation utilizes plant-based chemicals to offer protection, emphasizing sustainability and being PFAS-free.
Monolithic Membrane Construction The waterproof technology is based on a monolithic membrane constructed using a blend of PFAS-free, plant-based ingredients. This construction ensures stretch comfort, long-lasting breathability, high durability, and waterproof and windproof properties, providing exceptional protection.
Versatile Applications Polartec Power Shield is not only waterproof but also serves as a durable barrier against external rain and snow. Its versatility positions it as a reliable solution in various construction scenarios.
Segmentation: Navigating the Breathable Membranes Landscape
1) By Type: Varied Material Compositions The market is segmented based on types, including Polyethylene (PE), Polypropylene (PP), and Other Types, reflecting the diverse material compositions available.
2) By Application: Addressing Roofing and Walls Breathable membranes find applications in pitched roofs and walls, catering to the specific requirements of different parts of a building.
3) By End Use: Residential and Non-Residential The end-use segmentation considers the distinct needs of residential and non-residential structures, providing tailored solutions for varied construction projects.
Regional Dominance: Europe Leading the Way
Market Leadership In 2022, Europe emerged as the largest region in the breathable membranes market, showcasing its dominance in the industry.
Driving Forces Europe’s leadership position can be attributed to a combination of factors, including a robust building and construction sector, a focus on sustainable solutions, and a proactive approach to technological advancements.
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The Breathable Membranes Global Market Report 2023 provides a comprehensive outlook of the breathable membranes market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The breathable membranes market forecast offers a thorough analysis on breathable membranes market size, breathable membranes market share, prominent players and their strategies.
The Table Of Content For The Breathable Membranes Market Include:
1. Breathable Membranes Market Executive Summary
2. Breathable Membranes Market Segments
3. Breathable Membranes Market Size And Breathable Membranes Market Growth Rate
4. Key Breathable Membranes Market Trends
5. Major Breathable Membranes Market Drivers
25. Key Mergers And Acquisitions In The Breathable Membranes Market
26. Top Breathable Membranes Companies
27. Breathable Membranes Market Opportunities And Strategies
28. Breathable Membranes Market, Conclusions And Recommendations
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