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North America Weather Barrier Market to Grow at a CAGR of about 3.1% between 2020 and 2025.

According to a new report by EMR titled, 'North America Weather Barrier Market Report and Forecast 2020-2025', the North America weather barrier market reached a value of around USD 4.3 billion in 2019. The industry is further expected to grow at a CAGR of about 3.1% between 2020 and 2025 to reach a value of USD 5.2 billion by 2025.

The North America weather barrier market accounts for 23% of the global weather-resistant barrier market. In 2018, the southwest, southeast, and west regions were among North America's largest weather-resistant barrier markets. In the United States, natural disasters like hurricanes and California wildfires are contributing to the increasing demand for new buildings, thereby supporting the development of North America's weather barrier industry. The high incidence of homes in need for renovations and repairs in the Midwest and Northeast regions of North America has contributed to an increase in the demand for renovation and remodelling activities, thus, furthering the market for weather barriers in the region. Canada accounts for a significant proportion of the weather barrier demand in the North America region due to the country's focus on energy efficiency.

The weather barrier market in North America is being driven by the growing eco-consciousness among the consumers and greener building codes as weather barriers help in regulating the building temperature, leading to lesser utilisation of air conditioning and other heating and cooling devices. BASF (OTCMKTS: BASFY), one of the key players in the weather barrier market in North America, has collaborated with Oriental Yuhong to co-develop the next generation of environmentally friendly waterproofing solutions. The two companies will produce products that meet the strict emission limits and will improve the performance of Oriental Yuhong's waterproofing products.

Market Analysis by Product Type, Membrane Type, End-Use, and Regions:

  • Based on product type, weather barriers can be divided into building wraps, roofing underlayment, membranes, wrapped sheathing, rain screens, insulating board stock, spray polyurethane foam, building paper, and others.
  • On the basis of membrane type, the market can be divided into self-adhered membrane and fluid-applied membrane.
  • Weather barrier finds its end uses in residential building, commercial building, and public infrastructure.
  • The major regions included in the market are the United States of America and Canada.

Key Findings of the Report:

  • Increasing construction activities and rising infrastructure industry are aiding the weather barrier industry in North America.
  • The regional industry is rising due to the increased demand for energy-efficient buildings to meet the green building codes.
  • The increasing purchasing power of the consumers is also supporting the industry growth.
  • Urbanisation is driving the demand for new infrastructure, thus, supporting the weather barrier industry.
  • The shifting consumer preferences to durable and robust building materials are supporting the growth of the industry.

Key Offerings of the Report:

  • The EMR report provides an overview of the global weather barrier market for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the product type, membrane type, end-use, and regions of the weather barrier market in North America.
  • An analysis of the trade data has also been provided within the report, covering the value and volume of the major importing and exporting regions.

The major players in the North America weather barrier market are RPM International Inc., Dow and DuPont, Henry Company, LLC, LATICRETE International, Inc., BASF SE, GCP Applied Technologies, and Kemper System America, Inc., among others. The comprehensive report by EMR covers their market share, capacity, and latest developments like mergers, acquisitions and investments, capacity expansions, and plant turnarounds.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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