Wall Water Resistive Barrier Market to Reach US$ 48.3 Bn by 2031, Growing at a CAGR of 5.2% from 2023-2031

Posted by Kaustubh Ravan on May 15th, 2024

The Global Wall Water Resistive Barrier Market was valued at US$ 30.6 Bn in 2022 and is estimated to expand at a CAGR of 5.2% from 2023-2031.

Rise in construction undertakings and the need to increase energy efficiency of buildings are anticipated to drive the Wall Water Resistive Barrier Market. Wall water resistive barrier is a commonly utilized component of a comprehensive moisture management system of buildings.

Role of governments to increase the energy efficiency of buildings, in order to address concerns of depleting fossil fuels and reduce carbon emissions, is augmenting the demand for wall water resistive barriers.

Wall water resistive barrier is installed to prevent water from seeping into a building through the exterior walls. It helps keep the wall dry, thus preventing mold growth and other types of damage to the building.

Wall water-resistive barrier can be integrated into the cladding system or installed behind the exterior cladding, such as stucco or siding. Some commonly used water resistive barrier materials include house wraps, asphalt felt papers, and liquid-applied membranes.

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Market Segmentation

The wall water resistive barrier market can be segmented based on several criteria:

By Service Type:

• Installation Services
• Maintenance and Repair Services

By Sourcing Type:

• In-House
• Outsourced

By Application:

• Residential Buildings
• Commercial Buildings
• Industrial Buildings
• Institutional Buildings

By Industry Vertical:

• Construction
• Real Estate
• Infrastructure

By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Regional Analysis

North America dominates the wall water resistive barrier market, driven by stringent building codes and high awareness regarding building sustainability. The U.S. and Canada are the major contributors in this region. Europe follows closely, with significant contributions from countries like Germany, France, and the UK, where energy efficiency and sustainable building practices are highly emphasized. Asia-Pacific is expected to witness the highest growth rate, fueled by rapid urbanization and industrialization in countries such as China, India, and Southeast Asian nations. Latin America and Middle East & Africa are also anticipated to see considerable growth due to increasing construction activities and infrastructural developments.

Market Drivers and Challenges

Drivers:

• Growing Construction Industry: Increasing residential and commercial construction activities globally are boosting the demand for WRBs.
• Energy Efficiency Standards: Rising awareness and implementation of energy efficiency standards and green building codes.
• Climate Change Adaptation: Need for better moisture management solutions to combat climate change-induced extreme weather conditions.

Challenges:

• High Installation Costs: The initial cost of installing high-quality WRBs can be prohibitive for some builders.
• Technical Knowledge: Lack of expertise and awareness among contractors and builders regarding the correct installation and benefits of WRBs.
• Market Fragmentation: Presence of numerous small and medium-sized players leading to a highly fragmented market.

Market Trends

• Technological Advancements: Development of innovative WRB materials and technologies such as breathable membranes and self-healing barriers.
• Sustainability: Increasing use of eco-friendly and recyclable materials in WRB manufacturing.
• Integration with Smart Technologies: Adoption of WRBs that integrate with smart building systems for enhanced monitoring and performance.

Future Outlook

The wall water resistive barrier market is expected to continue its upward trajectory, with innovations in materials and technologies playing a crucial role. Emphasis on sustainability and energy efficiency in building practices will further drive market growth. The integration of WRBs with smart building technologies will open new avenues for market expansion.

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Key Market Study Points

• Comprehensive analysis of market dynamics including drivers, restraints, and opportunities.
• Detailed segmentation analysis to understand market behavior and growth prospects.
• Regional analysis highlighting market performance and growth potential in key regions.
• Competitive landscape assessment to identify major players and their strategies.

Competitive Landscape

The market features a mix of established players and emerging companies. Major players include DuPont, GCP Applied Technologies, Carlisle Companies Incorporated, Kingspan Group, and Owens Corning. These companies are focusing on strategic partnerships, mergers and acquisitions, and product innovations to strengthen their market position.

Recent Developments

• DuPont launched a new line of advanced WRBs designed to provide superior water resistance and durability.
• Carlisle Companies Incorporated announced the acquisition of several smaller WRB manufacturers to expand its product portfolio.
• Kingspan Group introduced eco-friendly WRBs made from recyclable materials, catering to the growing demand for sustainable building solutions.

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