Construction Films Market Analysis | 2023-2028

Market Insights

The construction films market was estimated at USD 10.58 billion in 2022 and is likely to grow at a CAGR of 4.02% during 2023-2028 to reach USD 13.41 billion in 2028.

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Market Dynamics

Introduction

Construction films are thin sheets of plastic made from polymers, which are long chains of repeating molecules. The type of plastic resin used to make a construction film determines its unique properties, such as elasticity, flexibility, and durability. These properties make construction films ideal for a variety of applications, such as dust protection, moisture barriers, and insulation.

Construction films are used in various applications for protecting valuable equipment and machinery against dust, dirt, and dampness. Construction films are of different materials, such as LLDPE, LDPE, HDPE, PP, PVC, PVB, PET/BOPET, BOPA, and others. They are used in different applications, such as barriers & protection, decorative, and others.

Market Drivers

The construction films market is driven by several factors, including:

• Increasing construction activity: The construction industry is growing rapidly across the globe, driven by factors such as urbanization, population growth, and economic development. In India, the government is also investing in infrastructure development projects, such as the Smart Cities Mission and the Pradhan Mantri Awas Yojana (PMAY). This is also leading to increased demand for construction films.
• The rising number of green building projects: The rising number of green building projects is another major driver of the construction film market. Green buildings are designed and constructed to minimize their environmental impact and improve their energy efficiency. The government's Green Building Rating System (GBRS) is a voluntary rating system that encourages the construction of green buildings. To achieve GBRS certification, buildings must meet certain criteria in several areas, including energy efficiency, water efficiency, and indoor air quality.
• Rapid industrialization and urbanization: Rapid industrialization and urbanization are two of the key drivers of the construction films market. Industrialization is the process of transforming an economy from a primarily agricultural one to a primarily industrial one. Urbanization is the process of people moving from rural areas to cities. The government is investing heavily in infrastructure development projects, such as roads, bridges, and railways. This is leading to increased demand for construction films used in these projects.

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Key Players

Some of the key players in the global market are-

• Raven Engineered Films
• Saint-Gobain S.A.
• Berry Global, Inc.
• Toray Industries
• Eastman Chemical Company
• RKW SE
• Mitsubishi Chemical Holdings Corporation

Note: The above list does not necessarily include all the top players in the market.

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Segments' Analysis

By Film Type

The construction films market is segmented as LLDPE, LDPE, HDPE, PP, PVC, PVB, PET/BOPET, Polyamide/BOPA, and others. The LLDPE segment held the largest share of the market in 2022, in terms of value and volume, and is expected to remain dominant during the forecast period. LLDPE is an advanced version of LDPE. The growth of the segment is owing to its properties, such as higher strength against its older version.

By Application Type

The market is segmented as barriers & protective, decorative, and others. The barriers & protective segment leads the market during the forecast period owing to a rise in demand for water barriers, vapor barriers, and UV protection. The segment is also likely to remain dominant during the forecast period.

Regional Insights

Asia-Pacific is estimated to be the largest market for construction films during the forecast period. China and India are the growth engines of the region. The market is bolstered by the extensive growth of the construction industry in the region along with the presence of a large number of construction film manufacturers in China and India. North America and Europe are also expected to offer lucrative growth opportunities during the forecast period.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects construction films market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The construction film market is segmented into the following categories:

By Film Type

• LLDPE
• LDPE
• HDPE
• PP/BOPP
• PVC
• PVB
• PET/BOPET
• Polyamide/BOPA
• Others

By Application Type

• Barriers & Protective
• Decorative
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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