House Wraps Market

House Wraps Market Outlook (2023 to 2033)

Fact.MR, in its newly published research report on the global house wraps market, reveals that worldwide demand for house exterior insulation wraps stands at US$ 5.9 billion in 2023. The market is forecasted to expand at a CAGR of 7% and reach a value of US$ 11.61 billion by 2033.

House wraps are used in the construction industry across the world. They act as a weather barrier to air as well as moisture movement. House wraps are manufactured from synthetic materials, including polyethylene, polypropylene, or PVC (polyvinyl chloride). These materials are designed specially to resist water and allow water vapor an escape.

• Worldwide demand for non-perforated house wraps is projected to increase at a CAGR of 7.5% from 2023 to 2033.
• The market in China is predicted to advance at a CAGR of 8.7% and reach US$ 989 million by 2033-end.

Building envelopes or house wraps are available with a direct application feature to the house framing and can be applied in two layers. These wraps act as a significant barrier to different types of external environmental factors in commercial and residential properties. House wraps are secured with the use of nails, tape, clips, or staples along with various other fasteners based on the instructions of manufacturers and type of property.

Growing need for larger houses, introduction of advanced construction technologies, and supportive government initiatives are predicted to lead to rapid commercial and residential infrastructure development and renovations across the world. Rapid infrastructure development is generating demand for houses that incorporate energy efficiency and moisture barrier features.

Despite several advantages, there are a few drawbacks associated with house wraps that are forecasted to adversely impact their sales. The cost of raw materials used in the manufacturing of house wraps is comparatively high. In addition, complications related to the application of house wraps are also projected to limit market expansion opportunities in the coming decade.

Fact.MR, a market research and competitive intelligence provider, aims to offer a detailed presentation of the global landscape for house wraps, with qualitative and quantitative analysis, to assist readers in framing growth or business strategies. This research report is helpful for readers to assess the competitive situation of the industry, make reformed business decisions, and analyze their stand in the present marketplace. In addition, the study also offers other related information, including new developments, a country-level analysis, etc.

Report Attributes	Details
House Wraps Market Size (2022)	US$ 5.51 Billion
Estimated Market Value (2023)	US$ 5.9 Billion
Forecasted Market Value (2033)	US$ 11.61 Billion
Global Market Growth Rate (2023 to 2033)	7% CAGR
Non-perforated House Wraps Demand Growth Rate (2023 to 2033)	7.5% CAGR
United States Market Value (2022)	US$ 2.31 Billion
Japan Market Growth Rate (2023 to 2033)	5.8% CAGR
Key Companies Profiled	Alpha Pro Tech. Ltd. CertainTeed Corporation Berry Global, Inc. DuPont de Nemours, Inc. Henry Company GCP Applied Technologies, Inc. INDEVCO North America, Inc. James Hardie Building Products, Inc. Intertape Polymer Group Inc. Kimberly-Clark Professional Ltd. Kingspan Indulation LLC RH Tamlyan & Sons LP Owens Corning Specialty Coating & Laminating, Inc. Owens Corning

What’s Driving the Popularity of House Wraps across the world?

“Efficient Moisture Management and Energy Saving Features of House Wraps”

Energy saving and moisture management are prominent factors that support demand for house wraps. Accumulation of moisture can generally occur in walls and lead to wood rot leading to fungal growth. It can eventually damage the structure of the respective building and lead to expensive repair work.

House wraps work as weather-resistant barriers to protect walls. In addition, they also provide aesthetic appeal to buildings. Sometimes, moisture can conduct heat that causes cellulose or fiberglass to lose insulation quality. Building envelope solutions serve as weather-resistant barriers, preventing rain from infiltrating the wall assembly while allowing water vapor to permeate the exterior. Utilization of house wraps contributes to effective moisture management in buildings, leading to an anticipated increase in demand across various regions in the next decade.

“Extensive Use of House Wraps as Insulation for Safeguarding Homes”

House wraps are used extensively to offer protection to homes to create long-lasting protection. House wraps create an extra barrier of insulation to safeguard structures. These building envelopes are crafted from a variety of materials, including micro-perforated spun-bonded nonwovens, asphalt-impregnated fiberglass or paper, drainable house wraps, and woven fabrics, available in various gauges.

What are the Issues Associated With the Adoption of Home Wraps?

“Risks Associated with Improper Installation and Lack of Skilled Installers”

Improper installation of house wraps is one of the prominent factors that is projected to hamper expansion opportunities. The installation of these house wraps needs skilled and experienced installers. In addition, it is important to install these house wraps according to the instructions of manufacturers as incorrect installation can have adverse impacts on the ventilation of the houses. Improper installation can lead to moisture accumulation in wall cavities, which has a negative impact on structures or buildings.

How are New Companies Expected to Evolve in This Space?

“Focus on Innovative Product Designs and Developing Affordable House Wraps”

Emerging players are investing in research and development aimed at addressing challenges associated with house wraps, such as application complexities and elevated energy consumption costs. They are coming up with innovative product designs that are anticipated to enhance the quality of presently available house wraps. Moreover, they are focusing on adopting synthetic materials to ensure the availability of house wraps at pocket-friendly prices.

Country-wise Insights

Why are Manufacturers of House Wraps Eyeing the United States Market?

“Increasing Construction Activities and Implementation of Strict Building Codes”

The valuation of the United States market was pegged at US$ 2.31 billion in 2022. Increased demand for house wraps for non-residential applications is predicted to drive their sales. Increasing construction activities in the United States are also fueling demand for house wraps. Moreover, implementation of building codes in the United States is predicted to facilitate growth opportunities there in the next 10 years.

Which Countries from Asia Pacific are House Wrap Manufacturers Targeting?

“India, Japan and China Leading Markets in Asian Region”

India and China are two prominent markets from Asia Pacific that are estimated to contribute to a significant increase in the demand for house wraps. Rapid growth of the construction industry in these countries is set to push the sales of building materials, including house wraps, to increase the lifespan of buildings and increase aesthetic appeal.

Japan is also expected to be a key market in the region, with house wrap sales predicted to increase at a CAGR of 5.8% through 2033.

Category-wise Insights

What Makes Non-perforated House Wraps the Most Popular Choice?

“Ability of Non-perforated Wraps to Withstand Harsh Conditions”

Based on product type, the global market is segmented into non-perforated and perforated house wraps. Demand for non-perforated house wraps is predicted to accelerate at a CAGR of 7.5% from 2023 to 2033.

Non-perforated house wraps are projected to gain traction across geographies in the coming decade. They are capable of withstanding the rigors of construction and do not permit water and air to move through them. They can safeguard building structures in the long run. Therefore, the quality and performance of non-perforated house wraps are anticipated to drive the global landscape.

Which Sector Will Account for High Usage of House Wraps?

“Role of House Wraps in Enhancing Home Insulation to Save Energy Cost”

Residential and commercial are two prominent sectors that are contributing to the rising sales of house wraps. Between these two, a significant portion of the global demand is predicted to come from the residential sector in the coming decade.

House wraps are used widely in residential construction projects because of their ability to protect homes from different weather, pests, and moisture. In addition, house wraps are used to enhance the insulation of homes and save energy costs.

Key Market Players

Several house wrap manufacturers are focusing on innovation and quality control for products. Prominent manufacturers of house wraps are investing in R&D activities to create more eco-friendly and sustainable products that comply with strict mandates.

Top companies in the house wraps market are Alpha Pro Tech. Ltd., CertainTeed Corporation, Berry Global, Inc., DuPont de Nemours, Inc., Henry Company, GCP Applied Technologies, Inc., INDEVCO North America, Inc., James Hardie Building Products, Inc., Intertape Polymer Group Inc., Kimberly-Clark Professional Ltd., Kingspan Indulation LLC, RH Tamlyan & Sons LP, Owens Corning, Specialty Coating & Laminating, Inc., and Owens Corning.

Segmentation of House Wraps Industry Research

• By Product Type :

  • Non-perforated
  • Perforated

• By Application :

  • Residential
  • Commercial

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa