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Construction Film Market New Trends, Growth Opportunities, Top Players And Forecast To 2033
Construction Film Market Growth
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According to The Business Research Company's, 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
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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%. The growth in the forecast period can be attributed to increasing digital construction workflows, circular economy practices, construction safety standards, emerging market growth, and growing adaptation to changing climate conditions. Major trends in the forecast period include weather-resistant films, adoption of energy-efficient films, use of construction films with anti-microbial properties, customized film solutions, and smart construction films.
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Market Drivers and Trends:
The growing popularity of green buildings is expected to drive the growth of the construction film market going forward. Green buildings are buildings designed to lower operating costs, assist in natural resource conservation, provide better energy efficiency, and improve productivity. Green building construction has increased the usage of construction films in green building projects due to their high durability and low production costs. For instance, according to the World Green Building Trends, 47% of industry respondents would make the majority of their projects green by 2021. Therefore, the growing popularity of green buildings is driving the construction film market growth.
Advancement in construction film production is providing an opportunity to expand the usage of construction films in the construction industry. Major companies operating in the construction film sector are focused on enhancing barrier protection. For instance, in 2021, Cosmo Films, an India-based manufacturing company providing bi-axially oriented polypropylene films (BOPP), launched Enhanced Metalized BOPP Film, a film designed for packaging applications that require moisture and oxygen barrier properties. The film is designed for applications such as flexible packaging for lamination, biscuit packaging, snack packaging, bakery packaging and chocolate packaging, as well as personal care products such as shampoo sachets. It can be used as a sandwich layer in multilayer laminates.
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Major Key Players of the Market:
Raven Engineered Films, Saint-Gobain Performance Plastics Corp., Berry Global Inc., Toray Industries Inc., Eastman Chemical Company, The RKW Group, Mitsubishi Chemical Corporation, Dupont Teijin Films, Scientific Kit Corporation, Siliconature Spa, Mondi plc, Dow Inc., 3M Company, Intertape Polymer Group Inc., Jindal Poly Films Limited, Polifilm GmbH, Polyplex Corporation Limited, Uflex Limited, Garware Polyester Limited, Cosmo Films Limited, Flex Films (USA) Inc., Innovia Films, Taghleef Industries LLC, Treofan Germany GmbH & Co. KG, Bemis Company Inc., Sealed Air Corporation, Coveris Holdings S.A., Amcor plc, Huhtamaki Oyj, Constantia Flexibles Group GmbH, Novolex Holdings Inc., Sigma Plastics Group, AEP Industries Inc., Poly-America L.P., Atlantis Plastics Inc.
Construction Film Market 2024 Key Insights:
• 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%.
• Rising Demand For Green Buildings Fuels Growth In The Construction Film Market
• Advanced Construction Film Production Opens New Horizons In The Construction Industry
• Asia-Pacific was the largest region in the construction films market in 2023
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