#construction films

Increasing demand for vapor and moisture barrier films coupled with recyclable film solutions is driving the growth of the construction films market globally

The global construction films market size was USD 9.9 billion in 2020 and is expected to reach USD 12.9 billion by 2026, projecting a CAGR of 4.0% between 2020 and 2026. The growth of the construction films is driven by the increasing demand from residential, commercial, industrial, and civil engineering industries. LLDPE/LDPE have the largest market share. These type of construction films are increasingly being used for waterproofing membrane, moisture and gas barrier applications due to their low weight, high strength, and chemical resistant properties.

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However, the demand for construction films witnessed declining trend in last one year due to ongoing crisis of COVID-19. With steady recovery in the global construction industry and economic recovery,  the demand for construction films will also rise during the forecast period.

Owing to stringent environmental regulations and concerns mounting over disposal of plastic waste, the construction films manufactuerers are focusing on recycling of plastics and using bio-based raw materials for making construction films. The growth in increasing number of green building is also expected to stimulate the growth of construction films.

APAC accounted for the largest share in the construction films market and is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. The growth of the APAC construction films market can be attributed to the burgeoning construction industry in China, India, Vietnam, Malaysia, and Indonesia. China is leading the  APAC construction films market.

Among types, the LDPE & LLDPE segment is expected to lead the construction films market, in terms of value and volume, due to it’s relative transparency, higher tensile strength, puncture resistance, and superior impact strength. They are widely used in vapor residential, industrial, civil engineering, and commercial end-use industries.

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Among applications, the protective & barrier is expected to be the fastest-growing segment of the construction films market during the forecast period. The protective & barrier application includes films used in vapor/moisture, gas, UV, and dust barriers purpose covers, dust barriers, vapor barriers, landscaping, and concrete slab underlays.

A construction film comprises a continuous polymeric material. The function of a film in construction is to act as a protective material or a barrier to moisture, sound, water, etc. Films are mostly manufactured through the extrusion process and are available in rolls. In terms of value, the construction films market is projected to reach USD 13.24 billion by 2022, at a CAGR of 4.5% from 2017 to 2022.

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The increasing use of plastic films in the construction industry as water barriers is driving the market. Construction films are used below the concrete floors and act as a water barrier. They are also used in roofing applications where they provide water and frost resistance.

The recycling of plastic waste offer growth potential to film producers. There are several construction film applications where recycled plastic films can be used without compromising on the properties of the films. The recycling of plastic waste into construction films will offer growth opportunity for the market.

The APAC construction films market is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. The growth of the Asia Pacific construction films market can be attributed to the growing construction industry in China, India, and Japan. China is leading the  APAC construction films market. The global construction industry is projected to reach USD 10.2 trillion by 2020, of which, the APAC is expected to account for a market share of 45-50% in 2020.

Among types, the LLDPE segment is expected to lead the construction films market, in terms of value and volume, due to it’s the relative transparency, higher tensile strength, puncture resistance, and superior impact strength of LLDPE. LLDPE films have found application in waterproofing on terrace gardens, concrete roads and bridges, and sports stadiums.

Among applications, the barriers & protective is expected to be the fastest-growing segment of the construction films market between 2017 and 2022. This can be attributed to the growing construction industry. The production of building materials such as purpose covers, dust barriers, vapor barriers, landscaping, and concrete slab underlays is also expected to increase, thereby increasing the demand for construction films in these applications.

APAC accounts for a major share, in terms of value and volume, of the construction films market mainly due to the growth of the construction sector in China and India. On the other hand, the North American market, in terms of volume, is projected to register a considerable growth rate because of the rapid growth of the construction industry in the US.

Key players operating in the construction films market have been increasingly adopting inorganic and organic growth strategies to strengthen their position in the market. Expansions, joint ventures, acquisitions, and new product launches were among the key growth strategies adopted by the market players between January 2012 and November 2017.

For example, in 2014, Raven Engineered Films Division (US) acquired Integra Plastics (US) for approximately USD 48 million in cash and stock. Integra specializes in the manufacturing and conversion of high-quality plastic films and sheeting. This acquisition will bolster the position of the company as a premier provider of high-performance engineered film solutions and also help in accomplishing expansions into major markets of geomembrane, agriculture, construction energy, and industrial.

 Eastman Chemical (Switzerland) announced the performance films manufacturing capacity expansion in Martinsville, Virginia. This strategic initiative will enhance the capacity for both, window films and paint protection films to support continuous growth of Suntek and LLumar brands of the company.

 SKC (South Korea) and Sichuan Vinylon Works (China) have entered into a joint venture to enter the PVB film market. The joint venture company will produce resin for PVB films. The manufacturing operations of PVB films will be undertaken in SKC's Nantong film plant. The commercial production of PVB films is expected to start in the Q1 of 2019.

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 Major players in the construction films market include Saint-Gobain (France), Berry Global Group (Lithuania), Eastman Chemical (Switzerland), Raven (US), RKW SE (Germany), Polyplex Corporation (Thailand), Climax Synthetic (India), Tech Folien (UK), PLASTIKA KRITIS (Greece), QINGDAO KF PLASTICS (China), and Polifilm Extrusion (Germany), among others.

 Reference:

https://www.marketsandmarkets.com/Market-Reports/construction-films-market-221903376.html?utm_source=blog%2FML