Lumber Wrap and House Wrap Market Scope
House wrap is a replacement for the older asphalt-treated paper, or asphalt saturated felt made of synthetic, lightweight covering that goes behind the siding and over the sheathing. The benefits of House wrap are Improve your energy efficiency, Removes any air leaks. House wrap can endure exposure to the sun while protecting the home from UV rays and extreme heat. Lumber wrap is designed to provide maximum protection for the outside storage of timber and lumber under all weather and temperature conditions. This product is designed for the effective packaging of lumber while in storage and transit.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | DuPont Tyvek (United States), Kaps Tex Co., Ltd. (China), AMD Enterprises (United States), Aarogyaa (India), SafeFlex International Ltd. (India), Owens Corning (United States), Shakti Polytarp Limited (India), Flexpak Corp (India), 3M (United States) and Typar (United States) |
CAGR | % |
The competitive landscape analysis of the house wrap market is primarily concentrated on extending the worldwide growth of house wrap through new product innovation, business expansion, and an expanding presence of manufacturers operating in house wrap, which has led to the rising demand for the market. Additionally, the market provides a variety of goods to satisfy consumer demand, which is further promoting the market's healthy expansion. Companies are forming alliances or agreements and preparing strategic initiatives including product launches, mergers, acquisitions, and partnerships that will help them survive in the market and keep their competitive edge. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Lumber Wrap and House Wrap market throughout the predicted period.
DuPont Tyvek (United States), Kaps Tex Co., Ltd. (China), AMD Enterprises (United States), Aarogyaa (India), SafeFlex International Ltd. (India), Owens Corning (United States), Shakti Polytarp Limited (India), Flexpak Corp (India), 3M (United States) and Typar (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Lumber Wrap and House Wrap market by Type , by Application (Commercial and Household) and Region with country level break-up.
On the basis of geography, the market of Lumber Wrap and House Wrap has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In June 2022, Owens Corning completed the acquisition of WearDeck, a premium composite decking and structural lumber manufacturer based in Ocala, Florida. WearDeck solutions advance growth strategy and help pivot Composites business to focus on high-value material solutions within the building and construction space. WearDeck products are manufactured from high-density polyethylene (HDPE) leveraging Owens Corning’s glass fiber technology, delivering a high-performance product that is stronger than most other decking options.
In April 2020, DuPont launched #TyvekTogether, to increase the overall availability of Tyvek personal protective garments in the company's continued efforts to help combat the spread of COVID-19 and protect healthcare workers. At full capacity, this initiative could deliver 6 million additional non-surgical isolation gowns per month by enabling others to join us in protecting even more frontline responders
Influencing Trend:
Increasing Demand for Home and Building Innovation
Market Growth Drivers:
Increasing Need For Energy Conservation and Moisture Management and Rising Demand for Green Building Materials
Challenges:
Improper Installation
Restraints:
House Wrap Damage Due to Overexposure to UV Radiation and Proper Ventilation Not Installed in Indoor Air Quality
Opportunities:
The Growing Demand for Green Building
Key Target Audience
Government Agencies, Lumber wrap & House wrap companies, Governmental Bodies, Distributors, End User Industry, Customers and Others