Construction Film Market is expected to witness a significant growth of USD 27.40 billion by 2030, with registering 5.89% CAGR during the forecast 2021-2030.
Construction Film Market Overview Construction Film Market is expected to witness a significant growth of USD 27.40 billion by 2030, with registering 5.89% CAGR during the forecast 2021-2030. Construction films are polymeric films created from various plastic resins, each with distinct physical qualities that are often appropriate for diverse purposes due to characteristics such as elasticity, flexibility, and durability. These films are commonly used to protect building structures and machinery from harsh weather conditions such as snowfall, hailstorms, showers, dust, and debris. The increasing construction activity across the globe, particularly in Asia-Pacific, and the requirement for energy-efficient systems in buildings are the primary drivers driving market expansion. Furthermore, due to the spike in demand for lower-cost, high-performance films, the competitive market for producers in the market is always developing on these plastic sheets. Additionally, these films are environmentally friendly and easily recyclable, aiding in the enhancement of environmental qualities, which is likely to drive the Construction Film Market growth over the forecast period. Plastic trash recycling has a lot of possibilities for film producers. Recycled plastic films can be employed in a variety of construction film applications without sacrificing performance. China imports the majority of the world's plastic garbage. Given the rising need for construction films in APAC, recycling plastic waste into construction films will be an attractive option. Construction films provide several advantages over conventional rigid packaging materials, including being lightweight, having strong barrier qualities, and being recyclable and reused.
Construction Film Market, by Material, 2018 (%): Source: MRFR Analysis Segmentation
The Construction Film Market Report has been segmented based on Material, Application, End-Use Industry, and Region. Based on material, the Construction Film Market has been segmented into low-density polyethylene (LDPE), high-density polyethylene (HDPE), polypropylene (PP), polyethylene terephthalate (PET), polyvinyl chloride (PVC), and others. Based on applications, the Construction Film Market has been segmented into vapor retarders, gas/moisture barrier, reinforced enclosure, building systems, and others. Based on end use, the Construction Film Market has been categorized as residential, commercial, and industrial.
The Construction Film Market has been categorized as five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific contributed most significantly to the Construction Film Market in 2018 and is expected to be the fastest-growing regional market during the forecast period. This growth in the region is attributed to the rapid industrialization and the escalating increase in population leading to the rising demand for more residential and non-residential buildings, which requires plastic sheeting in construction activities. Such factors are fueling the growth of the Construction Film Market in the region. For instance, China has the largest and fastest-growing construction market, which was valued around USD 2.77 trillion in 2016.
North America held the second-largest share of the Construction Film Market in 2018. The regional market is led by the US, which has a well-established building & construction industry that requires construction films for protection building structures and machinery from extreme weather conditions in the country. Moreover, increasing reconstruction activities in the region are expected to boost market growth further during the forecast period.
Europe is expected to hold a prominent share of the Construction Film Market during the forecast period. It is owing to the extensive use of construction film in the industrial sector for protection of machinery against the elements, dirt, dust, and dampness. Additionally, the rising demand for sustainable and green building projects in the region is further expected to boost the market growth during the forecast period.
Latin America has been picking up pace in its contribution to the Construction Film Market because of increasing construction activities in the region, which uses construction films as moisture barriers under concrete and vapor barriers in walls.
The Construction Film Market in Middle East & Africa is expected to witness slow growth due to increasing regulations related to phasing out of non-biodegradable plastic, especially in the GCC countries. For instance, according to the regulations of the Saudi Standards, Metrology and Quality Organization (SASO), plastic bags, plastic cases, plastic plates, and plastic products must be made of approved oxo-biodegradable materials.
The prominent players operating in the Construction Film Market are Saint-Gobain (France), Berry Global Inc. (Lithuania), Eastman Chemical Company (Switzerland), Raven (US), RKW Group (Germany), Polyplex (Thailand), CLIMAX SYNTHETICS PVT. Ltd (India), Tech Folien Ltd. (UK), PLASTIKA KRITIS S.A (Greece), QINGDAO KF PLASTICS CO., Ltd (China), Masterpak sal (Lebanon), and Polifilm Extrusion GmbH (Germany).
|Market Size||USD 27.40 billion|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Material, Polypropylene, Applications|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Saint-Gobain (France), Berry Global Inc. (Lithuania), Eastman Chemical Company (Switzerland), Raven (US), RKW Group (Germany), Polyplex (Thailand), CLIMAX SYNTHETICS PVT. Ltd (India), Tech Folien Ltd. (UK), PLASTIKA KRITIS S.A (Greece), QINGDAO KF PLASTICS CO., Ltd (China), Masterpak sal (Lebanon), and Polifilm Extrusion GmbH (Germany).|
|Key Market Opportunities||The rising demand for sustainable and green building projects in the region is further expected to boost the market growth during the forecast period.|
|Key Market Drivers||Increasing construction activities in emerging regions is the major driver for the construction films market.|
Construction Film Market is expected to rise to a valuation of more than USD 27.40 billion by 2030.
The market is expected to exhibit a strong 5.89% CAGR over the forecast period from 2021-2030.
Increasing construction activities in emerging regions is the major driver for the construction films market.
Asia Pacific is the major regional market for construction films.
Leading players in the construction film market include Saint-Gobain, Berry Global, and Eastman, among others.