Vapor Isolation Films Market

Vapor Isolation Films Market Overview:

The global vapor isolation films market is anticipated to grow at a CAGR of 4.1% from 2023 to 2032, reaching USD 2.71 billion by 2022, and it is expected to reach USD 4.05 billion by 2032.

The development of the vapor isolation films market is anticipated to be fueled by the rising demand for vapor isolation films, such as vapor barrier films, air-vapor control films, control films medical, and others.

These films are widely used in sectors like construction, packaging, etc. Any damp-proofing substance, frequently a plastic or foil sheet, that stops moisture from diffusing across building the wall, floor, ceiling, or roof assemblies to avoid interstitial condensation and packing is referred to as a vapor barrier film.

Many of these materials are merely vapor retarders due to their varying degrees of permeability. Some vapor retarders include expanded polystyrene, cellulose insulation, elastomeric coating, and others.

Currently, the market for vapor isolation films is anticipated to increase throughout the projected period due to rising government spending in the construction industry and the inclining growth of the e-commerce sector. This market report gives a detailed analysis of the vapor isolation films market size, share, growth, key trends, applications, major players, and other details.

Global Vapor Isolation Films Market Scope:

Type Analysis

The Vapor Isolation Films market for vapor isolation films will be dominated by vapor barrier films in 2022 and is predicted to continue over the forecasted period. A self-adhered film called a vapor barrier was created to help regulate the indoor climate by applying the most advanced air barrier technology. The building envelope’s air leakage and uncontrolled airflow are reduced, moisture penetration is prevented, and interior air quality is improved.

In addition, vapor barrier films have a robust and high-tack adhesive that makes them moisture, air, and water-impermeable membranes, eliminating the need for priming on most building surfaces. Additionally, vapor barrier films seal the roof against wind and moisture, preventing heat loss and providing high protection against moisture.

Polyethylene and polyamide are the two most commonly employed film types in selecting vapor barrier films. Thus, the market growth has been further influenced by the growing use of vapor barrier films in buildings.

Application Analysis

The vapor isolation films market is predicted to develop due to the rising growth of the construction sector. In 2022, building & construction accounted for 48% of the market share for vapor isolation films. Also, it is anticipated to expand at a CAGR of 4.5% from 2023 to 2032.

For instance, according to the U.S. Census Bureau, the total construction value climbed by 8% between January 2021 and January 2022. Additionally, private construction’s overall construction value scaled by 11%. It is also projected that rising government construction investments will fuel industry expansion.

Key Market Segments:

By Type

• Vapor Barrier Films
• Air-Vapor Control Films

By Application

• Medical
• Building & Construction
• Industrial Thermal Insulation
• Packaging
• Other Applications

Market Dynamics:

The market has expanded due to the increasing demand for vapor isolation films for food and packaging in the pharmaceutical sector. One of the most frequent problems with food goods is their shelf life. High-barrier packaging helps to preserve strong flavors and odors by creating a securely sealed barrier system. The vapor isolation films successfully stop water vapor interaction. Any air or moisture that enters the pouch could negatively impact food ingredients, including coffee grounds, snacks, and some dry component food goods.

The market for vapor isolation films is anticipated to grow even more as the packaging industry continues to expand. Additionally, the packaging sector is expanding quickly amid the e-commerce boom, which is also seen to be one of the key factors fueling the expansion of the vapor isolation films market. The market for vapor isolation film is expected to grow with the increasing growth of the packaging sector.

Strict environmental laws are one of vapor isolation films’ biggest concerns. The World Health Organization (WHO) claims that 70% of all plastics would sink, and it is thought that some plastic is already present in seabed sediments. Plastics do not biodegrade, however, they break down into tiny particles known as microplastics when exposed to solar UV light. The fish that mistakenly eats the microplastic pieces as food suffers harm.

Generally, the government has passed packaging laws and regulations to safeguard consumer and societal rights. On January 3, 2019, the Food Safety and Standards Authority of India (FSSAI) published new guidelines for food packaging. They assert that the new packaging standards in India forbid using recycled plastics in food packaging, newspapers, and specific other materials to cover or wrap food goods. Therefore, it is projected that these factors will provide problems for the Vapor Isolation Films market for vapor isolation films in the upcoming years.

COVID-19 Impact Analysis:

The Covid-19 pandemic situation had a detrimental effect on developing the vapor isolation films market in 2020. Due to the ongoing pandemic, construction material import and export were restricted in several areas. Stopping several ongoing building projects reduced the demand for vapor isolation films, which slowed the market’s growth.

Moreover, the COVID-19 pandemic also impacted the development of the Italian construction industry, which saw a 0.7% decline in 2020 as opposed to the 1.5% initial projection. Nearly 44% of the construction companies say the coronavirus has hampered their work.

Industries that support fundamental requirements, like delivering food and supplies to customers safely, were increasingly being harmed as the coronavirus outbreak’s effects expanded. While boosting growth for other types of packaging used for e-commerce shipments, the coronavirus pandemic has already led to some of the biggest reductions in demand for different types of packaging. Additionally, the demand for packaging for food items, medical supplies, and e-commerce transportation increased significantly in 2022.

Regional Analysis:

With a market share of 43.6%, the Asia-Pacific region dominated the Vapor Isolation Films market for vapor isolation films in 2022. With more government programs aimed at boosting the infrastructure and construction industries in developing nations like China, Japan, and India, the market in the region is expanding.

According to the India Brand Equity Foundation, the Ministry of Housing and Urban Affairs received funding from the government of US$ 7,640 million. Moreover, India’s National Investment and Infrastructure Fund (NIIF) received an equity investment of US$ 54 million from the US International Development Finance Corporation (DFC) in December 2020.

This has supported the nation’s development of essential infrastructure projects. With increasing government support for developing the construction and infrastructure sector in emerging economies, the market is experiencing expansions.

Additionally, businesses in the APAC region are given lucrative opportunities to increase their production capacity and, as a result, spur market expansion. Thus, it is anticipated that demand for vapor isolation films will increase in the APAC region throughout the projection period, along with the development of new construction activities.

Key Regions and Countries covered in the rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

The market for vapor isolation films is highly fragmented and competitive, with many major international and numerous local vendors involved. Technology launches, product launches, acquisitions, and R&D activities are key strategies players adopt in the vapor isolation films market. Key companies included in this market report are 3M, INDEVCO Group, Insulation Solutions, Inc., and other major players.

Vapor Isolation Films Market Key Players:

• 3M
• INDEVCO Group
• Insulation Solutions, Inc.
• Kalliomuovi Oy
• Conservation Technology
• POLY FILM
• Brite Coatings Private Limited
• Innovia Films
• Cosmo Films
• Flex Films
• Other Key Players

These are the major players in the vapor isolation films industry.