U.S. Markets open in 4 hrs 10 mins

Global House Wraps Market 2020-2024 | Advent of New Fire-Retardant Membranes in House Wraps to Boost the Market Growth | Technavio

Technavio has announced its latest market research report titled global house wraps market 2020-2024. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--

The global house wraps market size is expected to post a CAGR close to 7% during 2020-2024, according to the latest market research report by Technavio. Request a free sample report

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191119005921/en/

House wraps helps consumers keep indoor air and environment clean by acting as a barrier against allergens and insects while protecting buildings from UV radiations. House wraps further act as weather-resistant barriers by protecting the walls in addition to providing an aesthetic appeal to buildings. Using house wraps further helps reduce heating and cooling costs. This also helps to ensure a longer life span for HVAC systems as it reduces their workload. Thus, the increasing installation of house wraps due to their several benefits will drive the market growth during the forecast period.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40144

As per Technavio, the advent of new fire-retardant membranes in house wraps will have a positive impact on market growth over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

House Wraps Market: Advent of New Fire-Retardant Membranes in House Wraps

Vendors in the market are focusing on launching innovative house wraps with flame-retardant breather membranes to limit the propagation of flame. These house wraps have halogen-free flame-retardant coatings to prevent the formulation of droplets and aid in the reduction of smoke. House wraps are increasingly being used in high-rise buildings, ventilated facades, and timber frame constructions as they use a phosphorous-containing agent to reduce flammability. Thus, the introduction of fire-retardant membranes in house wraps is anticipated to boost the global house wraps market during the forecast period.

“Other factors such as availability of a wide range of products, along with the implementation of building energy codes and certification programs, are expected to boost the house wraps market growth during the forecast period,says a senior analyst at Technavio.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

House Wraps Market: Segmentation Analysis

This market research report segments the house wraps market by type (perforated house wraps and non-perforated house wraps) and geography (APAC, Europe, MEA, North America, and South America).

North America led the market in 2019, followed by Europe, APAC, South America, and MEA respectively due to the rising investments in construction and infrastructural activities in the US and Canada. In addition, the implementation of building codes in the US is fueling the demand for house wraps in the country.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191119005921/en/