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The construction films market size is estimated to grow at a CAGR of 5.25% between 2022 and 2027 and the size of the market is forecast to increase by USD 3,269.85 million. The growth of the market depends on several factors, including the rise in residential and commercial construction activities, the increased investments by governments in infrastructure, and the increasing number of smart cities globally.
This report extensively covers market segmentation by type (LDPE and LLDPE, HDPE, polypropylene, PVC, and others), end-user (residential, commercial, and industrial), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
Construction Films Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Key Driver - Rise in residential and commercial construction activities
Rapid urbanization and infrastructure investments are driving the market for construction films. Construction films are highly durable, resistant to moisture, and environment-friendly. There is an increase in the demand for infrastructure development for residential and non-residential projects. The demand for industrial films is increasing, with construction activities rising. Rapid urbanization and rising consumer confidence in the use of construction films are contributing to an increase in the number of construction projects.
Moreover, the demand for construction films is increasing, with steady changes in lifestyle and the need for housing. According to the UAE Real Estate Report Asteco, the real estate sector in the UAE witnessed a steep rise in 2021. About 4,000 transactions worth around USD 2.0 billion were recorded in Dubai's residential sector in February 2021. Such investments in infrastructure development are expected to foster the demand for building products, which will aid the growth of the global construction films market during the forecast period.
Significant Trends - Increasing adoption of sustainable and eco-friendly construction films
The market growth is being driven by rising concerns over the environment and a focus on sustainable building practices. Moreoveanufacturers are focusing on creating construction films from recycled or bio-based materials to minimize their carbon footprint. For instance, several businesses manufacture films using biodegradable polymers or recycled plastics. In addition, sustainable building films have advantages such as high air quality, lower waste production, and energy efficiency.
Moreover, sustainable building films support sustainable construction methods and contribute to green building certifications such as Leadership in Energy and Environmental Design (LEED). Therefore, the increasing adoption of sustainable and eco-friendly construction films will support the growth of the construction films market during the forecast period.
Major Challenge - Quality control and durability issues in lower-grade films
Lower-grade films lack the required levels of resistance, flexibility, and mechanical strength needed for construction. For instance, these films can have insufficient barrier qualities, poor ultraviolet (UV) stability, or poor tear resistance, which may affect their performance and shorten their lifespan.
Moreover, issues related to lower-grade films may lead to higher maintenance costs, film failure, and possible concerns, including water damage or infiltration. Building films should be of high quality and durability to fulfill the standards of the construction industry and ensure long-term performance and dependability. Such factors are anticipated to impede the growth of the construction film market during the forecast period.
The LDPE and LLDPE segment will account for a significant share of market growth during the forecast period. The demand for LDPE and LLDPE is rising significantly in the global construction films market. LDPE is preferred for applications such as vapor barriers, protective coverings, and geomembranes due to its flexibility and toughness. LLDPE is used due to its exceptional mechanical qualities, including high tensile strength and puncture resistance.
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The LDPE and LLDPE segment was valued at USD 3,620.13 million in 2017 and continued to grow until 2021. LDPE and LLDPE are affordable alternatives and work with a variety of building supplies. The demand for LDPE and LLDPE films is anticipated to increase further due to the expansion of the global construction industry and the demand for dependable building goods. These factors will drive the growth of the segment during the forecast period.
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APAC is estimated to contribute 48% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The construction films market in APAC is the largest and fastest-growing market globally, with China being the dominant player. The growth of the market in APAC is attributed to factors such as rapid urbanization.
Moreover, many global companies, especially those operating in the manufacturing sector, are focusing on establishing production facilities and R&D centers in APAC. This is due to the favorable government policies, availability of low-cost resources, a skilled workforce, and low operating and labor costs in the region. Thus, the construction industry will generate high demand for building products, including construction films, which is expected to drive the growth of the regional market during the forecast period.
In 2020, the outbreak of COVID-19 had a negative effect on the growth of the construction films market. However, the operations in manufacturing sites rebounded in 2021 owing to large-scale vaccination drives. Moreover, the increasing focus on developing infrastructure in emerging nations such as India is attracting both domestic and international players. Thus, the growth of the construction industry is anticipated to fuel the growth of the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Amcor Plc - The company offers construction films such as blown, cast, extrusion, adhesive, and thermal lamination films.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Avient Corp., Berry Global Inc., Compagnie de Saint Gobain, Cortec Corp., DuPont de Nemours Inc., Fastenal Co., Industrial Development Co. sal, Inteplast Group, International Plastics Inc., Layfield Group Ltd., Magical Film Enterprise Co. Ltd., Muraplast d.o.o., Napco National, PLASTA, POLIFILM Group, Sealed Air Corp., Sigma Plastics Group, TECHNONICOL India Pvt. Ltd., and Tilak Polypack Pvt. Ltd.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The construction films market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Construction Films Market Scope |
|
Report Coverage |
Details |
Page number |
175 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.25% |
Market growth 2023-2027 |
USD 3,269.85 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.53 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 48% |
Key countries |
US, Canada, China, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amcor Plc, Avient Corp., Berry Global Inc., Compagnie de Saint Gobain, Cortec Corp., DuPont de Nemours Inc., Fastenal Co., Industrial Development Co. sal, Inteplast Group, International Plastics Inc., Layfield Group Ltd., Magical Film Enterprise Co. Ltd., Muraplast d.o.o., Napco National, PLASTA, POLIFILM Group, Sealed Air Corp., Sigma Plastics Group, TECHNONICOL India Pvt. Ltd., Tilak Polypack Pvt. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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