The global vapor barrier films market is anticipated to reach a valuation of US$ 24.2 billion in 2023, driven by innovations in material science. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 3.9% between 2023 and 2033, and reaching a total valuation of approximately US$ 45.1 billion by 2033.
Vapor barrier films are instrumental in maintaining energy-efficient environments. The films contribute to the preservation of insulation materials, by preventing the ingress of moisture, ensuring optimal thermal performance. The demand for vapor barrier films to improve energy efficiency in buildings, appliances, and industrial applications is expected to intensify, as energy costs escalate and energy conservation becomes a global priority.
Effective moisture management is intrinsically tied to energy efficiency. Moisture-laden building components can conduct heat more readily, resulting in increased energy consumption for heating and cooling. Vapor barrier films create a barrier that helps maintain consistent indoor humidity levels, reducing the potential for heat transfer and resulting in energy savings, which is particularly relevant in cold climates where condensation within building assemblies can lead to heat loss.
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Key Players:
- Glenroy Inc.
- Celplast Metallized Product Ltd.
- Polifilm Group
- ProAmpac Holdings
- Optimum Plastics, Inc.
- 3M Company
- Amcor Limited
- SAES Getters S.p.A.
- Kalliomuovi Oy
- GLT Products
- Layfield Poly Films Ltd.
Competitive Landscape:
Key players in the vapor barrier films market are strongly focusing on profit generation from their existing product portfolios along while exploring potential new applications. The players are emphasizing on increasing their vapor barrier films production capacities, to cater to the demand from numerous end use industries. Prominent players are also pushing for geographical expansion to decrease the dependency on imported vapor barrier films.
Recent Developments:
In 2023, Amcor acquired Moda Systems, a leading manufacturer of state-of-the-art, automated protein packaging machines.
In 2023, Sealed Air and Koenig & Bauer AG signed a non-binding letter of intent to expand their strategic partnership for digital printing machines.
In 2022, Mitsubishi Chemical announced the commercialization of its new high-performance water vapor barrier film, MWV6000.
In the same year, DuPont Teijin Films launched its new line of barrier films for food packaging, DuPont™ Tyvek® Barrier.
In 2021, Fraunhofer POLO developed a new technology for the production of high-barrier films using atomic layer deposition.
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Key Takeaways from the Market Study:
- Global vapor barrier films market was valued at US$ 22.8 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 3.0%.
- Asia Pacific is expected to hold a dominant CAGR of 6.3% during the forecast period.
- By material, polyethylene (PE) segment is expected to constitute a CAGR of 6.3% in 2033.
- On the basis of end use industry, building & construction segment is expected to dominate the market with a CAGR of 6.3% in 2033.
- From 2023 to 2033, vapor barrier films market is expected to flourish at a CAGR of 6.4%.
- By 2033, the market value of vapor barrier films is expected to reach US$ 45.1 billion.
Market Segmentation:
By Material:
- Polyethylene (PE)
- Polyamide (PA)
- Polyethylene Terephthalate (PET)
- Others
By Thickness:
- Below 5 mil
- 5 mil – 10 mil
- 10 mil – 15 mil
- 15 mil and Above
By End-use Industry:
- Chemicals
- Automotive
- Food & Beverages
- Building & Construction
- Pharmaceuticals & Healthcare
- Electrical & Electronics
- Other Industries
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa (MEA)
Region-wise Insights:
Increasing Demand from Numerous End-Use Industries to Uplift the Sales of Vapor Barrier Films in Asia Pacific
Asia Pacific is anticipated to register the largest vapor barrier films market share in the evaluation period. The growth is attributable to the increasing demand from numerous end-use industries, such as agriculture and food and beverage packaging across India, China, and South Korea.
The rising awareness regarding sustainability among people in these countries is another crucial factor that is projected to bode well for the market. Sales of PE films are expected to surge at a rapid pace across Asia Pacific backed by their high moisture barrier properties. The region is expected to hold a CAGR of 6.3% over the analysis period.
Ongoing Expansion of Food & Beverage Packaging Industry to Increase Vapor Barrier Films Sales in North America
The ongoing expansion of the food and beverage packaging industry in Canada and the United States is likely to boost the demand for vapor barrier films in future years. The surging need for food safety and high demand for ready-to-eat meals are anticipated to contribute to this growth.
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