Global construction films market share is expected to grow exponentially over 2022-2028. This is considering the ability of the material to safeguard storage materials like windows, pipes, and cables against dampness, dust, and other elements during construction and renovation activities. Furthermore, the rising application scope of polyethylene construction films as vapor retarders, window films, and flooring and countertop protection materials will also proliferate industry growth in the coming years.
Plastic films refer to any plastics of less than 10-mm in thickness, which are made from polyamide and polyethylene, among other resins. Generally, plastics are being manufactured into forms such as films for use across the construction industry, owing to their durability, strength-to-weight ratio, versatility, and corrosion resistance, among other benefits.
Rise of civil construction activities in emerging nations is among the prominent trends characterizing the overall construction films market outlook through 2022-2028. According to data from Atradius Collections, the construction output in China is anticipated to grow by around 7% in 2021 and 6% in 2022, which could serve as a major factor contributing to the expansion of the construction film business. In addition, the significant increase in spending on infrastructural development projects in countries including the United States will generate further opportunities for market growth over the forthcoming years.
On the basis of type, the polyester segment will account for a considerable share in the construction films industry by 2028. Growth from the segment can be credited to the usage advantages of polyester films over other plastic products, such as thermal stability, high tensile strength, chemical stability, and excellent moisture and gas barrier properties. Likewise, the rising incidences of robbery and break-ins across the Asian countries will augment the construction safety films business landscape, as this type of material is used extensively in safety window films due to high clarity and strength.
North America construction films market is slated to amass commendable profits by 2028. An increase in the number of plastic film recycling facilities has been witnessed in the U.S., due to the strong focus on reducing the disposal of single-use plastic wastes in landfills. These are the key factors propelling the deployment of recycled plastic films and the overall industry forecast in the region. Moreover, the high investment towards boosting green building projects and the dramatic rise of sustainable buildings will also influence the regional industry share over the estimated timeline.
GeoCHEM Inc., Tech Folien Ltd., RKW (Rheinische Kunststoffwerke GmbH), Saint-Gobain, Muraplast d.o.o., AdvanSix Inc., Polyplex Corporation, Kalliomuovi Oy, ELTETE Ltd., INDEVCO, Polifilm Group, Ltd., Raven Engineered Films, and Zhejiang Bennett Composites Co., Ltd. are some of the key companies operating in the construction films industry. These market participants are incorporating strategies such as new product launches, collaborations, and acquisitions to drive their presence across the global market. For instance, in September 2021, AdvanSix, a firm delivering essential products for end markets including building and construction, added 100% PIR (post-industrial recycled) grades to its Capran Biaxally Oriented Polyamide films and Aegis PA6 Resins.
COVID-19 Crisis and Its Impact on Construction Films Market Trends:
In the wake of the coronavirus pandemic, industrial sectors, including building and construction, witnessed massive disruptions. Various challenges like material and worker shortage as well as rising costs have severely impacted commercial construction contractors worldwide. These aforesaid factors have created a hindrance in the steady construction films industry growth in recent months. However, the industry may regain traction in the coming years, given the rising construction activities across the residential sector. For example, in 2021, the New Zealand Government agreed to allow the manufacturing of some building products to support continued residential construction in the region, which could augment the demand for construction polythene films over the foreseeable future.