Dublin, Sept. 28, 2023 (GLOBE NEWSWIRE) -- The "House Wraps - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for House Wraps estimated at US$5.5 Billion in the year 2022, is projected to reach a revised size of US$9.3 Billion by 2030, growing at a CAGR of 6.9% over the analysis period 2022-2030.
The global House Wraps market is set to experience a period of substantial growth and change, with both challenges and opportunities ahead for consumers, investors, and industry stakeholders. Focused mainly on the construction and building materials sectors, the market for house wraps is segmented into Non-perforated and Perforated types.
The Non-Perforated House Wraps segment is expected to grow at a CAGR of 7.4%, reaching a projected value of US$7.3 Billion by the end of the analysis period. Meanwhile, the Perforated House Wraps segment is estimated to expand at a CAGR of 5.5% over the next eight years.
Geographically, the U.S. market takes the lead with an estimated value of US$2.3 Billion as of 2022. China, the world's second-largest economy, is anticipated to follow with a market size forecast to reach US$988.4 Million by 2030, growing at a CAGR of 8.6% from 2022 to 2030. Other significant markets include Japan and Canada, predicted to grow at CAGRs of 5.7% and 6.3% respectively over the 2022-2030 period. Within Europe, Germany stands out with a forecasted CAGR of approximately 6.4%.
Given these projections, the House Wraps market presents lucrative opportunities for businesses and stakeholders in the construction and building materials industries.
Adapting to market dynamics and leveraging these growth prospects can result in significant gains. Whether you are an investor, a business leader, or a stakeholder, this period of market evolution offers chances to capitalize on trends and demand in various geographic regions.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET OVERVIEW
- Controlling Moisture is Key to Prolonging Building Durability & Life: This Basic Architectural Fact Provides the Cornerstone for the Growth of House Wraps
- Weather Resistive Barriers: An Indispensable Part of Modern Architecture
- Housewraps: A Homeowner and Building Operator's Best Defense Against Moisture Related Damages
- Global Economic Update
- World Shifts to an Endemic COVID-19 Strategy With Focus on Multilateral Approach to Managing Future Pandemics
- War, Inflation & High Cost of Living Crisis Supersede COVID-19 as Major Downside Risks for the Global Economy in 2022 & Beyond
- Inflationary Pressures Affect Global Economy
- Russia-Ukraine War Impact
- World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
- Economic Volatility and Construction Market Dynamics Redesign Growth Patterns in Building Materials Market
- Global Construction Spending (in US$ Trillion) for the Years 2020-2028
- Planned Construction Projects as Bright Spot in 2023
- US Construction Outlook
- United States Housing Units Starts: 2015-2021 (Housing Units in Thousands)
- Competition
- House Wraps - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- House Wraps: Overview, Definition, Types, Importance & Benefits
- Types of House Wraps
- Key Considerations for Selecting an Appropriate House Wrap
- Careful Installation Critical to Achieve Results
- Benefits of House Wraps
- Market Outlook
- Recent Market Activity
- World Brands
MARKET TRENDS & DRIVERS
- Extreme Climatic Conditions Offer a Strong Business Case for House Wraps
- Global Number of Extreme Weather Events for the Years 2000, 2005, 2010, 2015 and 2020
- Annual Number of Natural Disaster Events Globally from 2007 to 2021
- Implementation of New Building Energy Codes Set the Pace for Innovations in WRB Products Market
- Material Innovation Continues to Drive Market Growth
- A Peek into Select Advancements in Housewraps Market
- Advent of Flame-retardant Membranes in Modern House Wraps
- Self-Adhering Wraps all Set to Witness Wider Adoption
- Home Renovations & Need for Better Buildings for Post Pandemic Living to Spur Sales of Housewraps
- Residential Renovations to Regain Lost Momentum Post Pandemic
- Focus on Building Smarter Buildings as Emission Savers, Post Pandemic to Push Up Adoption of House Wraps
- Indoor Air Quality & House Wraps
- Drainable House Wraps: One of the Fastest Growing House Wraps by Type
- Steady Replacement of Solid Wood with Engineered Wood in Building Construction Shifts Focus on House Wraps
- Focus on Energy Efficiency & Adoption of Thermal Insulation to Magnify Importance of House Wraps
- Here's How House Wraps Help Protect the R-Value of Insulation
- Rise of Smart Buildings Bodes Well for Innovative House Wrap Solutions
- Global Smart Buildings Market in US$ Billion: 2020, 2022, 2024, 2026
- Addressing the Common Issues with House Wraps
FOCUS ON SELECT PLAYERS (Total 86 Featured)
- Alpha Pro Tech, Ltd.
- ANCI Inc.
- Berry Global, Inc.
- CertainTeed Corporation
- DuPont de Nemours, Inc.
- GCP Applied Technologies Inc.
- Henry Company
- INDEVCO North America, Inc.
- Intertape Polymer Group Inc.
- James Hardie Building Products, Inc.
- Kimberly-Clark Professional Ltd.
- Kingspan Insulation LLC
- Owens Corning
- Protecto Wrap Company
- RH Tamlyn& Sons LP
- Specialty Coating & Laminating, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/z6c8ms
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