February 22, 2022 11:00 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
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DUBAI, United Arab Emirates, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Future Market Insights (FMI) has anticipated the demand of Vapour Barrier Market to witness a year over year growth of 4.4% in 2022 reaching a value of about US$ 19,186.2 Mn by the end of 2022. The global business is projected to witness a growth rate of 4.4% over the forecast period of 2022 and 2029.
Sales of vapour barriers are projected to witness steady rise in the following years, prominently propelled by sustained consumption by the building & construction industry. As suggested by a new Future Market Insights (FMI) report, global Vapour Barrier Market will exhibit a CAGR of around 4.4% during the forecast period of 2022-2029.
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Water condensation can damage the sturdiest of constructions, which is why vapour barriers hold significant importance, as they offer complete insulation from vapour and moisture to building structures. Use of vapour barriers also allows for optimum efficiency of a space conditioning system, thereby fueling their demand across the construction industry.
Key Takeaways - Vapour Barrier Market Study
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How is Vapour Barrier Market Structure Defined?
The market of vapour barrier is highly competitive due to decent presence of tier 1 players in the market. Though tier 1 market players have a considerable hold on market share, numerous small-scale and regional players exist in the market. Manufactures like The Dow Chemical Company and Saint Gobain, along with other organised and leading manufactures hold more than half of the market pie.
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Vapour Barrier Market By Category
More About What the Report Covers
Future Market Insights (FMI), published a thorough research analysis in its report for global vapour barrier market, offering information regarding historical developments from 2014-2021 and forecast projections and opportunity assessments on the basis of analysis for future scope and ongoing tends in the global market.
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The research study offers opportunity roadmap and market projections across the globe based on various categories such as material (glass, sheet metal, polymer, asphalt & bitumen, gypsum board, drywall/board lumber, plywood, concrete/brick), type (membranes, coatings, cementitious water proofing, and stacking & filling), site (external, internal), application (corrosion resistance, insulation, air insulation, sound insulation, thermal insulation, water proofing, material packaging & stacking, microbial & fungal resistance), end use (construction, packaging, automotive), and region (North America, Latin America, Europe, MEA, South Asia, East Asia, and Oceania).
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