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Construction Film Market 2024 Unveiled: Analyzing Size, Share, Segments, Applications, and End-users - Unlocking Growth Outlook Beyond 2033
Construction Film Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Construction Film industry. This report on Construction Film market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The construction film market size has grown steadily in recent years. It will grow from $17.13 billion in 2023 to $17.86 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to construction and infrastructure projects, building renovations and repairs, growing need for green building and sustainability, increasing regulatory compliance, and urbanization and population growth. The construction film market size is expected to see steady growth in the next few years. It will grow to $21.5 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%.
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Key Market Players:
Raven Engineered Films, Saint-Gobain Performance Plastics Corp., Berry Global Inc., Toray Industries Inc., Eastman Chemical Company, The RKW Group.
Market Drivers:
According to the Construction Film Market Report 2024 by The Business Research Company, the increased construction industry is expected to drive the growth of construction films market. The construction sector constitutes a segment of the economy dedicated to the creation, restoration, refurbishment, and ongoing maintenance of diverse structures and infrastructures. Construction films are used in the construction industry to improve the quality, safety, and efficiency of construction projects and to enhance surface protection. For instance, in May 2023, according to a report shared by the United States Census Bureau, a US-based government agency, construction spending increased from $1,768.2 billion in March 2022 to $1,834.7 billion in March 2023, a 3.8% increase in construction spending. Further, in February 2022, according to a report published by the Office for National Statistics, a UK-based government agency, the annual construction sector in the UK rose by a record 12.7% in 2021 compared to the previous year. Therefore, the increasing construction industry is expected to propel the growth of the construction films market going forward.
More information about the Global Construction Film Market Report -
https://www.thebusinessresearchcompany.com/report/construction-film-global-market-report
Market segments for Construction Film include:
1) By Type: LDPE And LLDPE, HDPE, PP, PVC, PVB, PET/BOPET, PA/BOPA
2) By Application: Protection And Barrier, Decorative
3) By End User Industry: Residential, Commercial, Industrial
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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