Construction Films Market Outlook - 2021–2030
The global construction films market size was valued at $8.0 billion in 2020, and is projected to reach $14.6 billion by 2030, growing at a CAGR of 6.3% from 2020 to 2030.
Construction films are plastic films that are made from polymeric materials and fabricated out of different plastic resins, each with its very own unique physical properties that are typically suited for various applications due to characteristics such as elasticity, flexibility, and durability. These films are generally preferred for covering building structures and machinery to protect them from extreme weather conditions such as snowfall, hailstorms, rains, 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 for the construction film market expansion. Furthermore, due to the spike in demand for lower-cost plastic sheeting, the competitive market for manufacturers in the construction and agriculture film (C&A film) market is constantly innovating on these plastic sheeting, and high-performance films are projected to contribute to market growth. In addition, these films are environmentally friendly and easily recyclable, aiding in the enhancement of environmental qualities, which is expected to drive the construction film market growth during the forecast period. However, stringent guidelines set by governmental organizations such as American Society for Testing and Materials (ASTM) and European Union (EU), limiting the utilization of non-biodegradable plastics in North America and Europe is expected to be the most significant restraint for the construction film market.
The construction films market is segmented on the basis of type, application, end use, and region. Depending on type, the market is categorized into LDPE and LLDPE, HDPE, polypropylene (PP)/BOPP, PET/BOPET, polyamide/BOPA, PVB, PVC, and others.
On the basis of application, it is divided into gas & moisture barrier, vapor barrier, curing blanket, and others. On the basis of end use, it is classified into residential, commercial, industrial, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global construction films market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Berry Global, Eastman Chemical Company, E.I. du Pont de Nemours, Mitsubishi Chemical Corporation, Mondi, Raven Industries, Inc., RKW SE, Saint-Gobain, Supreme, and Toray Industries, Inc.
By Type
LDPE and LLDPE is projected as the most lucrative segment.
Global construction films market, by type
By type, the LDPE & LLDPE segment dominated the global construction films market in 2020, and is projected to remain the fastest-growing segment during the forecast period in terms of volume and volume. These films are used in a variety of construction applications, including masking concrete structures, foundation lining, vapor barriers, and more.
By Application
Others are projected as the most lucrative segment.
Global Construction Films Market, By Application
By application, the gas and moisture barrier segment is estimated to lead the construction films market in terms of value and volume. The rising need for moisture and gas barriers is important for this segment's growth. Furthermore, construction films are increasingly being used as a sound barrier to disperse highway noise and to improve acoustics in stadiums.
By End Use
Residential is projected as the most lucrative segment.
Global Construction Films Market, By End Use
By end use, the residential segment accounted for around 37.5% of the global construction films market share in 2020. The commercial segment accounted for the largest share in the global construction films market owing to increase in investments and funding in the residential construction. The increase in per capita income and housing projects launched by the governments globally, is expected to drive the construction films market in the residential segment.
By Region
Asia-Pacific is projected as the most lucrative market.
Global Construction Films Market, By Region
By region, Asia-Pacific is projected to be the fastest growing market. China is the major construction market in the Asia-Pacific construction industry. Major driving factors in nations such as China, India, Indonesia, Malaysia, and Thailand, are rising disposable income, urbanization, supportive government programs, and infrastructure investments. In Asia-Pacific, India is a potential market. The Indian market's expansion is fueled by government initiatives and infrastructure investments.
Key Benefits For Stakeholders
- The report provides an in-depth analysis of the global construction films market trends along with the current and future market forecast.
- This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
- Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the construction films industry for strategy building.
- A comprehensive global construction films market analysis covers factors that drive and restrain the market growth.
- The qualitative data in this report aims on market dynamics, trends, and developments.
Impact Of Covid-19 On The Construction Films Market
- The COVID-19 outbreak is hampering the demand for construction films in many applications. Governments of many countries across the globe have enforced lockdown as a measure to curb the spread of the pandemic. This has resulted in the slowdown and halt in manufacturing operations, restrictions on supply and transport, and infrastructure slowdown. In turn, this has adversely affected the demand for construction films.
- Key players operating in the construction films market are primarily tier I and tier II manufacturers and suppliers. Manufacturing and supply chain facilities of these players are spread across various countries in Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. Many of these players have halted their production output over the last few months, due to the COVID-19 pandemic. The pandemic has negatively impacted the demand and supply chain of these materials.
- Furthermore, the temporary shutdown of construction and infrastructure activities amid the COVID-19 period has reduced the use of construction films for the curing of concrete from the ground. For instance, according to a report published by a research journal, the COVID-19 pandemic reduced the investment in the construction industry in India by 30%. This has resulted in decreased usage of construction film in the construction industry.
Construction Films Market Report Highlights
| Aspects | Details |
 By Type |
|
 By APPLICATION |
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 By END USE |
|
 By Region |
|
 Key Market Players | EASTMAN CHEMICAL COMPANY, SUPREME, BERRY GLOBAL INC., RKW SE, TORAY INDUSTRIES, INC., SAINT GOBAIN, RAVEN INDUSTRIES, INC., E. I. DU PONT DE NEMOURS AND COMPANY, MITSUBISHI CHEMICAL HOLDINGS, MONDI |
Analyst Review
According to the CXOs of leading companies, the construction films market registered a dynamic growth over the past few years, owing to drastic growth in industries, such as construction, pharmaceutical, and oil & gas, and chemical developing countries such as India, China, Japan, and others. Construction film is a general purpose polymer film widely used in the construction projects due to its superior properties such as water & gas barrier and ultraviolet protection. These films are used in various industries such as construction and agriculture.
Increasing use of building systems due to rising demand for high-quality energy-efficient homes is propelling the construction films market globally. The speed and efficiency of modular building system are further driving the market growth. Growing use of construction films during the curing process of concrete due to the ability to maintain hydration and inhibit moisture loss is fuelling the product demand. The product demand is increasing from the construction sites containing risk factors for naturally occurring sites due to strong gas barrier properties.
Significant increase in construction activities and rise in need for construction films for noise cancellation & moisture resistance act as the major driving factors of the global construction film market.
The global construction films market was valued at $14.6 billion in 2030
Berry Global, Eastman Chemical Company, E.I. du Pont de Nemours, Mitsubishi Chemical Corporation, Mondi, Raven Industries are the top players in construction films market.
Residential and commercial is projected to increase the demand for construction films market
Type, application, end use segments are covered in construction films market report
The rising number of green building projects, stringent regulations aimed at reducing the carbon and Greenhouse Gas (GHG) emissions, and rapid industrialization and urbanization, especially in emerging economies like Asia Pacific, are projected to drive the global market.
Gas & moisture barrier and vapor barrier are the major applications which is expected to drive the adoption of construction films.
The COVID-19 outbreak is hampering the demand for construction films in many applications. Many governments of countries across the globe have enforced lockdown as a measure to curb the spread of the pandemic. This has resulted in the slowdown and halt in manufacturing operations, restrictions on supply and transport, and infrastructure slowdown. In turn, this has adversely affected the demand for construction films.
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