Construction Films Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, India, China, Japan, Indonesia, Malaysia, Australia, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI4092
Construction Films Market size shall witness substantial gains during the forecast period owing to exponentially growing building & construction business in Asia Pacific and Latin America. It covers a wide array of polymer films which contribute to different aspects in construction process. Construction films are used for various purposes during building construction, such as insulation, waterproofing, concrete curing, etc.
Construction industry is rapidly growing in various parts of the world. The industry contributed to approximately 12.4% in global GDP in 2014. China, India and the U.S. will be accounting for 57% of global construction business growth by 2030, according to Oxford Economics. The U.S. will be witnessing prominent gains in construction business due to the rebuilding projects in the country due to continuous damages from natural disasters such as hurricanes and wildfires. Furthermore, Asia Pacific will be an epicenter for public infrastructure development and residential construction business growth in the coming years. The urban population in India is increasing rapidly, which was close to 31% people residing in urban cities in 2011 and reached to 34% in 2018. This sharp rise has put pressure on urban cities for providing housing at affordable rates. In addition, real estate business is booming across metropolitan cities in India, which shall positively influence product demand in construction activities over the forecast timeframe.
According to film type, global construction films market can be divided into polyethylene (PE), polyamide, nylon, polyolefin, polyester and others. Polyethylene (PE) held a prominent share in terms of volume in construction films market in 2018 as its covers its various type such as HDPE, LDPE, etc. These are economical & versatile films, as they retain soil or rock from building area, support vertical or near vertical grade changes and protect sanitary equipment & floor coverings in indoor completion works.
On the basis of applications, global construction films market size can be segmented into concrete curing, insulation, vapor/moisture barriers, indoor structure protection and others. Vapor/moisture prevention is the utmost important function for a construction film. PE films which are widely used provide excessive accumulation of moisture and help in retaining heat. The segment is likely to grow with a prominent CAGR during the forecast period on account of growing demand for vapor/moisture prevention in building structures. Concrete curing is also an important application as during concrete laying, it becomes imperative to prevent it from deforming before curing, which calls for the requirement for films that help in proper curing.
Asia Pacific will be leading the global construction films demand over the forecast timeframe. This can be attributed to the huge capital inflow in infrastructure improvement in countries including India, Thailand, Indonesia and South Korea. Infrastructure development in past two decades has resulted in renovation projects for airports, train stations and bus terminals, which are very primary facilities in any nation. India, China, Japan and South East Asian nations are developing in connectivity in terms of highways and bridges, which will be another major factor propelling product demand over the next few years. These nations are also witnessing surge in demand for residential construction, as a result of growing population and rapid urbanization. Growth in numbers of commercial spaces such as shopping malls, IT parks and other office premises will also be driving product demand in future. North America held a significant share in construction films market in 2018 and will be growing with a significant CAGR owing to the growing construction business in the U.S.
Construction films market share is a highly competitive industry. It involves high capital investment and requires an integrated system for raw material planning and procurement. Prominent players operating in the business include Zhejiang Bennett Composites Co., Ltd., Raven Engineered Films, Polifilm Group, INDEVCO, ELTETE R?ga Ltd., Kalliomuovi Oy and Polyplex Corporation. The industry has presence of several medium and small sized film manufacturers who cater to construction as well as other industries such as food, packaging, etc. Companies in this business have extensive product lines and focus on expanding application segments for their products.
Construction Films Market, By Type, 2014-2025 (Kilo Tons) (USD Million)
Construction Films Market, By Application, 2014-2025 (Kilo Tons) (USD Million)
- Concrete curing
- Vapor/moisture barriers
- Indoor structure protection
The above information has been provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- AdvanSix Inc.
- Muraplast d.o.o.
- Zhejiang Bennett Composites Co., Ltd.
- Raven Engineered Films
- Polifilm Group
- ELTETE R?ga Ltd
- Kalliomuovi Oy
- Polyplex Corporation
- Rheinische Kunststoffwerke GmbH (RKW)
- Tech Folien Ltd.
- Geochem Inc.
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