MARKET OVERVIEW- EUROPE HOUSE WRAPS MARKET
The housewraps market is anticipated to find ample new growth opportunities over the estimated time period. The housewraps is incorporated with unique material science that helps to keep air and water out while letting water vapour escape. As a result, it contributes to improving the building’s durability and helps to protect homes against damaging winds and rain that can penetrate the exterior cladding. Also, it helps to reduce home energy bills by controlling air flow and water intrusion which insulates the work better, allowing the HVAC system to work more efficiently. Besides, the housewraps provide a safety net for construction and homes. Furthermore, a large number of manufacturers are focusing on providing high-quality sustainable products for the adverse weather conditions. Likewise, the rise in environmental awareness around the world has further flourished the market’s growth to a major extent.
MARKET DRIVERS
The European housewraps market is driven by various factors, such as the growing popularity of eco-friendly materials, which has accelerated the market’s growth to a major extent. Besides, housewrap made with eco-friendly materials acts as a lightweight material that protects homes and commercial buildings against air leaks, water and moisture infiltrations. Likewise, the housewrap with eco-friendly material helps for weather resistance and also allows water vapour to pass from the inside to the exterior, helping prevent mold formation and rot. On the other hand, the growing investment in green construction is anticipated to provide ample new growth opportunities over the estimated time period.
MARKET OPPORTUNITIES
The European market is anticipated to witness new growth opportunities with rapid growth in construction activities in different countries in this region. Besides, most of the construction end users are focusing on implementing eco-friendly housewraps to prevent water infiltration, and also enable vapour permeability, preventing air infiltration. This helps the end user meet the high standards and produced the product with the guarantee of high quality. Likewise, the growing awareness for the housewraps in construction activities has indeed provided ample of opportunities for the market growth to major extent. Also, increased government spending on public infrastructure is anticipated to drive the market to a major extent over the forecast period.
MARKET RESTRAINTS
The market has major restraining factors like risk associated with the use of House Wraps products is expected to act as a hurdler for the market’s growth over the forecast period. Likewise, if the house wrap becomes impermeable, it can lead to rot and mold growth in the wall cavity, and this factor is anticipated to hamper the market’s growth to s major extent. Besides, COVID-19 has hampered the market’s growth to a major extent, which is another factor restraining the market’s growth.
MARKET GROWTH CHALLENGES
The COVID-19 pandemic hampered the growth of the market to a major extent, which has created a major challenge for the market’s growth. Also, the risk associated with the use of House Wraps products is expected to be a major hampering for the market’s growth over the forecast period.
CUMULATIVE GROWTH ANALYSIS
The report provides an in-depth analysis of Europe House Wraps Market, including market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. The increasing demand for various Europe House Wraps in various applications has led to the increasing demand for the market and is expected to witness growth at a CAGR from 2022-2028.
EUROPE HOUSE WRAPS MARKET SEGMENTAL OVERVIEW
The Europe house wraps market comprises of different market segments like type, product type, technique and country.
EUROPE HOUSE WRAPS MARKET BY TYPE
The Europe House Wraps includes key segments of:
- Asphalt felt
- Polyolefin fabric
- Liquid Water-Resistive Barrier (Liquid WRB)
- Rigid foam
- WRB(Water-Resistive Barrier) sheathing
- Grade D building paper
Asphalt felt is the leading segment by type and is expected to maintain its dominance over the estimated time period. The ability to absorb water and then slowly evaporate the moisture to the exterior is one of the major benefit of the asphalt felt paper. Also this segment has high performance where the asphalt felt paper absorbed water gradually dry to the exterior of the building. In addition, different advantages of asphalt felt like self- adhesive, easy peel-off material and others have led to the increasing demand for asphalt felt and have contributed to market growth to a major extent. Similarly, polyolefin fabric is expected to witness new growth opportunities over the estimated time period.
EUROPE HOUSE WRAPS MARKET BY PRODUCT TYPE
The Europe House Wraps Market has product type present which includes:
- Non – Perforated Housewraps
- Perforated Housewraps
Based on the product, non-perforated housewraps are anticipated to gain the majority of market share in 2021 and expected to maintain its dominance over the forecast period. The segment is driven factor such as advanced superior protection against the environmental elements. Also, the non- perforated enhances the construction site durability. Besides, the non-perforated housewraps are specially engineered to maximize the home’s weather defence between the cladding and wall assembly, helping to ensure comfort. Similarly, perforated housewraps are expected to find ample new growth opportunities over the estimated time period.
EUROPE HOUSE WRAPS MARKET BY TECHNIQUE
The Europe House Wraps Market has technique like
The wrapping technique is a leading segment in the global house wraps market. The different factors which have influenced the segment demand are the techniques that contribute to weather protection and provide energy efficiently in building for the life of the structure. Likewise, the wrapping technique contribute superior strength and water holdout. Also, wrapping technique contribute in superior strength and durability. Likewise, flashing and taping are also contributing to healthy growth in the
EUROPE HOUSE WRAPS MARKET BY GEOGRAPHY
The Europe House Wraps Market is studied for the following region:
- Germany
- U.K
- France
- Italy
- Spain
- Rest of Europe
Germany is anticipated to witness increasing demand for Europe House Wraps owing to the presence of well-established market players. The market in this country is driven by growing construction and economies which has fuelled the market’s growth. Besides, increasing support from the government for advanced infrastructural setup and growing investment in the construction sector has accelerated the market’s growth to a major extent. Also, rapid growth in construction sector is one of the major factors which has flourished the house wraps market. For instance, in 2021, the rising investment in green building has provided a lucrative opportunity for the housewraps market. Furthermore, France, followed by the United Kingdom is contributing to healthy growth in the market over the forecast period.
COVID-19 IMPACT ANALYSIS ON EUROPE HOUSE WRAPS MARKET
Axiom MRC provides a 360-degree analysis of micro and macro-economic factors on the Europe house wraps market with an exclusive COVID-19 impact analysis in report. In addition, a complete analysis of changes in the European House Wraps Market expenditure, economic and international policies on the supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. Likewise, the COVID-19 has affected the European market to a major extent, which also includes the housewrap market. The COVID-19 has certainly affected the production of housewraps with disruptions in raw materials have affected the market to a major extent. Likewise, the temporary shutdown of production and declining demand for the market’s products due to the pandemic has affected the market’s growth to major extent.
COMPETITIVE LANDSCAPE ANALYSIS
The competitive landscape analysis of Europe House Wraps Market is majorly focused on expanding the growth of Europe House Wraps with new product innovation, business expansion, increasing presence of a range of manufacturer operating in Europe House Wraps has led to the growing demand for the market. Besides, the market offers a range of products in different applications to fulfill the required demand of consumer which is further contributing to healthy growth in the market.
The key players studied in market are
- Alpha Pro Tech, Ltd.
- ANCI Inc.
- Berry Global, Inc.
- CertainTeed Corporation
- DuPont de Nemours, Inc.
- GCP Applied Technologies Inc.
- Henry Company
- 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.
RECENT DEVELOPMENT:
July 2021: Owens Corning has acquired vliepa GmbH, which specializes in the coating, printing and finishing of nonwovens, paper and film for the building materials industry. The acquisition broadens Owens Corning’s significant global nonwovens portfolio to better serve European customers and accelerate the growth of building and construction market applications in the region.
