The Worldwide Construction Films Industry is Projected to Reach $12.9 Billion by 2026 at a CAGR of 4% from 2021 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Construction Films Market by Type (LDPE & LLDPE, HDPE, PP, PVC, PVB, PET/BOPET, PA/BOPA, PVC, PVB), Application (Protective & Barrier, Decorative), End-Use Industry (Residential, Commercial, Industrial, Civil Engineering) & Region – Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The global Construction film market size is projected to grow from USD 9.9 billion in 2021 to USD 12.9 billion by 2026, at a CAGR of 4.0% during the forecast period.

Construction film is a thin layer of continuous polymeric material that can be used in construction industry as a protective material or a barrier to moisture, sound, water, and so on.

Films are mostly manufactured using the extrusion process and are available in rolls. Construction films are made of plastics such as linear low-density polyethylene (LLDPE), low-density polyethylene (LDPE), high-density polyethylene (HDPE), polyethylene terephthalate (PET), polypropylene (PP), PA (polyamide), polyvinyl butyral (PVB), polyvinyl chloride (PVC), and others. These films are used in single or multiple layers according to the requirement of the applications.

LLDPE/LDPE films are the fastest-growing segment in the construction films market in terms of value and volume

LDPE/LLDPE is expected to lead the overall construction films market as it offers superior tensile properties, moisture resistance, and flexibility. The market for this segment is also expected to witness the fastest growth owing to the low cost and high demand from applications such as underslab vapor barrier, underslab VOC barrier, underslab methane barrier, underslab radon barrier, and construction enclosures.

Films for protective & barrier application dominated the construction films market in terms of both value and volume

The protective & barrier segment dominated the construction films market in 2020. Protective & barrier films are used in roofing, wall cladding, UV protection, window films, and others. Decorative films help preserve and extend a building’s appearance and lifetime by preventing building facades from fading, cracking, or corroding. These films have high demand from residential and commercial end-use segments.

The residential segment is the largest end-use industry of construction films market in terms of value and volume

The residential end-use segment accounted for the largest share in the construction films market. This large market size is due to the growing number of residential projects worldwide. Growing urban population, increasing purchasing power and per capita income is leading to growth in the number of residential units, thereby increasing the demand for construction films.

APAC is the leading construction films market in terms of both value and volume

APAC is expected to be the fastest growing region for the construction films. There are major developing countries in this region like China, India, Thailand, etc. APAC is projected to register highest growth rate because of the rapid growth of the construction industry in these developing countries. In India, the construction industry is backed by high investment done by the government to improve the infrastructure in the country. Such high investments by government is a major driver for the market in the country.

Market Dynamics

Drivers

• Growth in Global Construction Industry
• Increasing Demand for Water Barrier and Protective Films
• Stimulus Packages by US Government for Construction Industry to Recover from COVID-19

Restraints

• Saturated European Market
• Stringent Environmental Norms
• Disruption in Supply Chain and Lower Production Capacity Utilization Due to COVID-19 Pandemic

Opportunities

• Quick Recovery of Construction Industry from Pandemic in China and Other Countries
• Increasing Use of Recyclable Plastic Products

Challenges

• Recycling of Plastics Films
• Maintain Uninterrupted Supply Chain and Operate at Full Production Capacity
• Liquidity Crunch

Companies Mentioned

• Berry Global Group
• Deku
• Dupont Teijin Films
• E. I. Du Pont De Nemours and Company
• Eastman Chemical Company
• Mitsubishi Chemical
• Mondi
• Mti Polyexe Inc.
• Polyplex
• Raven
• RKW SE
• Saint-Gobain
• Siliconature S.p.A
• SKC
• Supreme
• Toray Industries
• Upass
• Valeron Strength Films

For more information about this report visit https://www.researchandmarkets.com/r/57t4ki

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