Construction Films Market 2020 by industry trends & regional forecast to 2025

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.

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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.

Construction Films Market, By Type, 2014-2025 (Kilo Tons) (USD Million)

o Polyethylene
o Polyamide
o Nylon
o Polyolefin
o Polyester
o Others

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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.

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