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The construction films market size is forecast to increase by USD 3.46 billion, at a CAGR of 5.31% between 2023 and 2028. The market is experiencing significant growth, driven by advancements in product innovation and the increasing adoption of sustainable and eco-friendly solutions in the construction industry. These films offer numerous benefits, including improved energy efficiency, enhanced durability, and protection against weather elements. However, the market also faces challenges related to quality control and durability issues in lower-grade films, which can negatively impact the performance and longevity of the films. To address these challenges, manufacturers are investing in research and development to produce higher-quality films that meet the evolving demands of the smart city. The trend towards sustainable and eco-friendly construction practices is also expected to continue, creating opportunities for growth in the market. In summary, the market is poised for growth due to product innovation and the adoption of sustainable practices, while addressing challenges related to quality control and durability remains a priority.
Market Forecast 2024-2028
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The market is witnessing significant growth due to the increasing demand for advanced films in various industries such as architecture, construction, and packaging. These films offer benefits like durability, UV protection, and energy efficiency, making them a preferred choice for construction projects. In the healthcare sector, the contrast media market is experiencing a rise due to chronic medical conditions and comorbidities among Medicare beneficiaries. Heart failure and cardiovascular diseases are the primary disease indications driving the market's growth. X-rays, CT scans, and radiology departments are the major consumers of contrast media. Photon-counting CT scanners, digital solutions, and medical imaging services are the latest trends in the market. In the contrast media industry, advancements such as photon-counting CT scanner and artificial intelligence are enhancing early diagnosis and disease indication extension for chronic conditions like cancer and cardiovascular disease (CVD). Diagnostic Imaging Centers are increasingly utilizing nonionic iodinated contrast media in angiography, fluoroscopy, and CT scans to improve imaging quality and reduce side effects, including allergic reactions. Additionally, the rise of nanosized agents is revolutionizing imaging techniques like ultrasound imaging and X-ray, addressing the challenges associated with sedentary lifestyles and improving outcomes in various healthcare set-ups. Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market
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 market during the forecast period.
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, Polypropylene (PP), 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 market during the forecast period.
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. In real estate development, the selection of building materials such as structural steel and glass is crucial for creating durable and aesthetically pleasing structures, while equipment and materials used in construction must also align with effective plastic waste management practices to ensure environmental sustainability. Such factors are anticipated to impede the growth of the market growth and trends 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 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 3.75 billion in 2018. 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 53% to the growth by 2028. Technavio's analysts have elaborately explained the regional market trends and analysis, drivers, and challenges that are expected to shape the market during the forecast period. The 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.
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 market analysis and report provides an in-depth analysis of the market research and growth, 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 market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market encompasses the use of various types of films in construction activities. These films include energy-efficient systems, plastic sheets, low-cost films, and high-performance films. The market witnesses a significant demand for these films in residential projects and infrastructure projects due to the adoption of green building practices and emphasis on energy efficiency. Energy-efficient systems such as vapor retarders, Gas/Moisture barrier, and reinforced enclosure are integral components of building systems. These films help in reducing energy consumption by insulating buildings and maintaining a comfortable indoor environment. Plastic waste, a major environmental concern, is being recycled to produce recycled plastic films.
Furthermore, the use of recycled plastic films in construction activities is gaining popularity due to their cost-effectiveness and eco-friendliness. Natural resources are being conserved by adopting this practice. Different types of polymers, such as low-density polyethylene (LDPE), high-density polyethylene (HDPE), poly vinyl chloride (PVC), and polyethylene terephthalate (PET) are used in the production of these films. The films are used in various sectors including commercial projects, industrial projects, civil engineering projects, and LNG terminals, Power plants, among others. UV protection and bomb explosion protection films are other applications of construction Films. Polyolefin resin is increasingly used in applications requiring thermal performance and UV radiation protection, such as in solar control films, window tinting, and building envelopes. This versatile material offers excellent barrier protection, bonding, and insulation for cable management and liquefied natural gas terminals. Additionally, innovations in fragment retention films and bomb blast protection films help address safety concerns while reducing carbon footprints through more sustainable direct and third-party distribution methods.
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Market Scope |
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Report Coverage |
Details |
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Page number |
184 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.31% |
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Market growth 2024-2028 |
USD 3.46 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.76 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 53% |
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Key countries |
China, US, India, Germany, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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 GmbH, Sealed Air Corp., Sigma Plastics Group, TECHNONICOL India Pvt. Ltd., Tilak Polypack Pvt. Ltd., and W.W. Grainger Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Market Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for Market forecast period |
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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. |
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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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