Construction Films Market Expected to Reach $14.6 Billion by 2030

According to a new report published by Allied Market Research titled, “Construction Films Market by Type, Application, End Use, and Region: Global Opportunity Analysis and Industry Forecast, 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 employed as privacy screens or dust covers on construction sites. They are also used as moisture barrier, underlying film for scaffolding, water barrier below the concrete floor, and sound barrier in stadiums. Construction films have excellent toughness and strength, high tensile strength, abrasion resistance, high puncture resistance, and ability to adapt to varying humidity. These films are recyclable. Construction films are maintenance-free and are easy to apply.

Rise in importance of energy consumption is a vital factor driving the global market. Demand for energy-efficient buildings is increasing due to the limited availability of resources and extensive environmental effects such as global warming and various climatic changes. Buildings consume a significant amount of energy that adds extra CO2 to the atmosphere. Increase in window tinting activities and presence of stringent government regulations for green & energy-efficient buildings are expected to drive the construction films market. Construction films are used below concrete floors and act as water barriers. They are also used in roofing applications where they provide resistance to water and frost. These films are easy to apply and provide a maintenance-free solution with minimum errors.

The global 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.

The global construction films market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2020–2030. The report includes the study of the market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the construction films market growth. 

Key Findings Of The Study:

• On the basis of type, the LDPE and LLDPE segment emerged as the leader with around 25.87% of the global market share in 2020, and is anticipated to be the largest market during the forecast period.
• On the basis of application, the others segment emerged as the leader by acquiring with around 46.78% of the global market share in 2020, and is anticipated to be the largest market during the forecast period.
• On the basis of end use, the residential segment registered the highest market share of around 36.29% and is projected to maintain the same during the forecast period.
• On the basis of region, Asia-Pacific registered the highest market share of around 39.48% and is projected to maintain the same during the forecast period.

Impact Of Covid-19 On The Construction Films Market

• 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.
• 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 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 consumption 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 has reduced the investment in the construction industry in India by 30%. This has resulted in decreased usage of construction film in the construction industry.