Press release
Construction Film Market Size Projected To Reach $22.75 Billion By 2034 With A Cagr Of 5.5%
Construction Film
What Is the Projected Growth of the Construction Film Market?
The expansion of the construction film market has been consistent over the recent years. The market will expand from a size of $17.7 billion in 2024 to $18.39 billion in 2025, experiencing a compound annual growth rate (CAGR) of 3.9%. The primary drivers of growth during the historic period can be linked to the increased number of construction and infrastructure projects, renovations and repairs of existing buildings, growing demand for green and sustainable buildings, enhancing regulatory compliances, along with factors such as urbanization and population growth.
The market for construction films is predicted to witness substantial expansion in the upcoming years, ballooning to a size of $22.75 billion by 2029, with a compound annual growth rate (CAGR) of 5.5%. This growth during the forecast period is likely due to the surge in digital construction workflows, adoption of circular economy approaches, stricter construction safety regulations, the growth of emerging markets, and the increasing adaptation to evolving climatic conditions. Upcoming trends set to dominate the forecast period comprise weather-proof films, the uptake of energy-saving films, the use of construction films bolstered with anti-microbial features, bespoke film solutions, and state-of-the-art construction films.
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What Are the Different Construction Film Market Segments?
The construction film market covered in this report is segmented -
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
Subsegments:
1) By LDPE and LLDPE: LDPE Films, LLDPE Films
2) By HDPE: HDPE Films for Packaging, HDPE Films for Construction Applications
3) By PP: Biaxially Oriented Polypropylene (BOPP) Films, Cast Polypropylene (CPP) Films
4) By PVC: Rigid PVC Films, Flexible PVC Films
5) By PVB: PVB Laminating Films, PVB Interlayer Films
6) By PET/BOPET: PET Films, BOPET Films
7) By PA/BOPA: PA Films, BOPA Films
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What Are the Primary Drivers Shaping the Construction Film Market?
The surge in popularity of environmentally friendly structures is anticipated to propel the construction film market's expansion. Designed to reduce operational costs, contribute to conserving natural resources, enhance energy efficiency, and boost productivity, these eco-friendly buildings have amplified the use of construction films due to their long-lasting nature and affordable manufacturing costs. The World Green Building Trends 2023 report, for example, revealed that 59% of industry participants predicted the majority of their projects would be eco-friendly by 2023. Consequently, the rising preference for green buildings is spurring the growth of the construction film market.
Which Companies Are Leading in the Construction Film Market?
Major companies operating in the construction film market include 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, 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, Sealed Air Corporation, Coveris Holdings S.A., Amcor plc, Constantia Flexibles Group GmbH, Novolex Holdings Inc., Sigma Plastics Group, AEP Industries Inc., Poly-America L.P., Atlantis Plastics Inc.
What Are the Major Trends Shaping the Construction Film Market?
The progression in the fabrication of construction films presents potential for broadening their application in the building industry. Leading firms operating in the realm of construction films are directing efforts towards boosting barrier protection. As an instance, Cosmo Films unveiled its high-barrier Enhanced Metalized BOPP Film in August 2023, specifically designed to cater to rigorous packaging necessities. This avant-garde film boasts excellent moisture and oxygen barrier attributes, making its use versatile for a multitude of products such as flexible packaging for snack items, baked goods, chocolates and personal hygiene products like shampoo sachets. This film is designed to perform competently as an intermediary layer in multilayer laminates, thereby guaranteeing the preservation of product quality and freshness over an extended period.
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What Are the Top Revenue-Generating Geographies in the Construction Film Market?
Asia-Pacific was the largest region in the construction films market in 2024. The regions covered in the construction film market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Construction Film Market?
2. What is the CAGR expected in the Construction Film Market?
3. What Are the Key Innovations Transforming the Construction Film Industry?
4. Which Region Is Leading the Construction Film Market?
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