The global vapor barrier films market is anticipated to reach a valuation of USD 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 USD 45.1 billion by 2033.
This robust expansion is driven by increasing demand in various sectors, including construction, packaging, and electronics. In the construction industry, vapor barrier films are essential for moisture control and improving the longevity of buildings by preventing water vapor from penetrating walls and roofs.
The packaging industry also benefits from these films, as they protect products from moisture damage, thereby extending shelf life and ensuring product integrity. Additionally, the electronics sector relies on vapor barrier films to safeguard sensitive components from humidity, which can cause malfunctions or degradation.
Discover Growth Opportunities in Market – Get Your Sample Report Now
Technological advancements are further fueling market growth, with innovations leading to more efficient and durable vapor barrier solutions. Environmental concerns and the push for sustainable building practices are also contributing to the market’s expansion, as vapor barrier films play a crucial role in energy-efficient construction.
Moreover, the increasing focus on infrastructural development in emerging economies is expected to provide significant growth opportunities for market players. As these factors converge, the vapor barrier films market is poised for sustained growth, reflecting a strong demand across diverse applications.
Key Takeaways from the Market Study
- Global vapor barrier films market was valued at USD 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 USD 45.1 billion.
Infrastructure development, across the globe, is a major factor that is expected to propel the growth of the vapor barrier films market in the near future, remarks an FMI analyst.
Competitive Landscape
Prominent players in the vapor barrier films market are 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, and Layfield Poly Films Ltd. among others.
Recent Developments:
- In 2023, Toppan Printing acquired InterFlex Group, a global flexible packaging converter.
- In 2022, QIKE Technology Co., Ltd. launched its new high-performance water vapor barrier film, QIKE-WPB-100.
- In 2021, Mitsui Chemicals Tohcello launched its new line of high-barrier films for flexible packaging, Mitsui Tohcello™ Barrier Film.
- In the same year, Jindal Poly Films announced the expansion of its production capacity for high-barrier films.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global vapor barrier films market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
Key Segments Profiled In The Global Vapor Barrier Films Market
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)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
