Construction Films Market

Construction Films Market Size and Growth 2023-2028:

The construction films market is estimated to reach USD 26.01 billion by 2028, growing at 5.60% during the forecast period 2023-2028

Construction films are used under concrete floors and act as a barrier against water. These are widely used in roofing applications as films are highly resistant to water and frost. The films are easy to apply and provide a maintenance-free solution with minimal errors. 

Major market players have launched new products with improved capabilities. In addition, market players are looking for opportunities to expand their range of construction films in different segments, such as UV and IR protection. Additionally, manufacturers are looking for ways to reuse materials already used in construction projects, creating as little waste as possible. Partnerships, acquisitions, and agreements are the main strategies adopted by the major manufacturers in the market to strengthen their competitive landscape position.

Manufacturers have focused on producing new products for specific applications, as demands vary with use. Construction films have unique applications in construction activities. Water barriers, vapor barriers, and sound barriers are the main applications of construction films.

Construction Films Market Drivers:

The green initiative projects of governments and the private sector, based on low operating costs, energy efficiency, and improved productivity, drive the growth of the global construction film market. The increase in the number of construction film manufacturers worldwide, especially in developing countries, is fueling the growth of the market. Increasing infrastructure development and rapid urbanization have fueled the need for construction films globally. Organizations that focus on fast-growing segments are expected to provide growth opportunities during the forecast period. In view of the growing demand, manufacturers are striving to strengthen their R&D activities to provide high-quality products in their product portfolio to a wide range of consumers. Some of the products available on the market include high-performance window films to protect against UV and IR radiation and stabilize interior temperatures. Additionally, builders and manufacturers are looking for ways to reuse materials already used in a building project, which will help create less waste and provide unique elements of already existing structures that are otherwise difficult to achieve.

Opportunities in the Construction Films Market:

Another determining factor in the construction sector is the considerable investment in infrastructure development and residential projects due to the liberalization of foreign investment regulations. This, in turn, will increase the demand for construction films. In addition, the benefits in terms of costs, durability, and availability of application-specific products are expected to further drive demand. Another factor that drastically influences the demand for films is the growing popularity of green building initiatives.

Challenges in the Construction Films Market:

Strict regulations and frameworks on the manufacture, disposal, and use of plastics pose a challenge for the global market.

CONSTRUCTION FILMS MARKET REPORT COVERAGE:

Construction Films Market Segmentation as per the research report until 2028.

Construction Films Market - By Type:

• LLDPE 

• LDPE

• HDPE

• PP/BOPP 

• PET/BOPET 

• POLYAMIDE/BOPA

• PVB 

• PVC

Depending on the type of film, the market is segmented into LLDPE, LDPE, HDPE, PP, PVC, PVB, PET / BOPET, Polyamide / BOPA, and others. LLDPE segment held the largest market share in 2020 in terms of value and volume and is anticipated to remain dominant during the forecast period. LLDPE is an advanced version of LDPE. The growth of the segment is due to its properties, such as superior strength compared to its previous version.

Construction Films Market - By Application:

• Vapour/moisture barrier

• Curing Blanket

• Others

The vapor/moisture barriers segment is leading with the highest shares of the market owing to increasing awareness over the use of these barriers in various applications. Also, the rising prevalence to improve quality by adopting the latest technology is enhancing the demand of this segment.

Construction Films Market - By Region:

•  North America 

•  Europe 

•  Asia Pacific 

•  Latin America 

•  Middle East & Africa 

North America held the largest share of the construction films market in 2018. The regional market is dominated by the United States, which has a well-established construction and building industry that requires construction films for protecting building structures and equipment against extreme weather conditions. Additionally, increased reconstruction activity in the region is expected to further boost the market growth during the forecast period.

Asia-Pacific is estimated to be the largest construction film market during the forecast period following North America. China and India are the region's growth engines. The market is strengthened by the strong growth of the construction industry in the region as well as the presence of a large number of construction film manufacturers in China and India. 

Asia-Pacific contributed the most to the construction films 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 rapid industrialization and increasing population growth, resulting in an increasing demand for residential and non-residential buildings, which require plastic sheeting in construction activities. These factors are driving the growth of the construction film market in the region. China had the largest and fastest-growing construction market, valued at around $ 2.77 trillion in 2016.

Europe is expected to hold a significant share of the construction films market in the coming years. This is due to the extensive use of construction films in the industrial sector to protect machines against the elements, dirt, dust, and moisture. In addition, the increasing demand for green and sustainable construction projects in the region is expected to drive market growth during the forecast period.

Latin America has accelerated its contribution to the construction films market due to increased construction activity in the region.

The global construction film market in the Middle East and Africa is expected to grow slowly due to increased regulations related to non-biodegradable plastic disposal, especially in GCC countries. For example, according to the regulations of the Organization of Standards, Metrology and Quality of Saudi Arabia (SASO), plastic bags, plastic boxes, plastic dishes, and plastic products should be made from approved oxo-biodegradable materials.

Recent Developments:

In March 2016, Toray Plastics launched BioView film for the manufacture of solar control window films. Toray Plastics (America), Inc., is the only US manufacturer of bio-based metalized polypropylene films, developed biaxially oriented bio-based polyester film for use in solar control window manufacture films for commercial and commercial applications. Lumirror's all-new BioView PET film is made from Toray's proprietary durable resin blends, made from approximately 30% renewable raw materials.

 In June 2019, Mondi was launching a fully recyclable polypropylene construction for thermoforming applications. Mondi has developed a way to save brand owners from choosing by creating a recyclable polypropylene film that is ideal for flexible thermoforming films for Modified Atmosphere Packaging (MAP) and vacuum packaging. 

Impact of Covid-19 on Construction Films Market:

COVID-19 had an impact on market dynamics, competition, and global supply chains. Revenues decreased in 2020 and could gradually resume an uptrend from 2021. Companies that optimize their operations and strategy will keep and beat the competition. The global construction film market is severely affected by the outbreak of the COVID-19 pandemic. The decline in industrial activities in the transportation, construction, and commerce sectors due to the pandemic is slowing the construction film market's growth.

The pandemic has forced many market industries to almost shut down to comply with government regulations such as social distancing. In addition, due to the blockade in several countries, domestic and international transport has been hampered, which has significantly affected the supply chain of many industries around the world, thus increasing the gap between supply and demand. Therefore, an insufficient supply of raw materials will further affect the production rate of the building film.

Construction Films Market Key Players:

Some of the key players are Saint-Gobain (France), RKW SE (Germany), Climax Synthetic (India), Eastman Chemical (Switzerland), Berry Global Group (Lithuania), Raven (US), Tech Folien (UK), Polyplex Corporation (Thailand), PLASTICA KRITIS (Greece), QINGDAO KF PLASTICS (China), Polifilm Extrusion (Germany)