Press release
Soaring Demand Set to Propel Construction Film Market to $22.39 Billion by 2029
Construction Film
What Is the Expected CAGR for the Construction Film Market Through 2025?
In recent times, the construction film market has seen a consistent expansion. The market that stood at $17.7 billion in 2024 is projected to increase to $18.25 billion in 2025, indicating a compound annual growth rate (CAGR) of 3.1%. The historical growth in the market is linked to factors such as construction and infrastructure developments, building refurbishments and repairs, a rising demand for green building and sustainability, enhanced regulatory compliance, and growth in urbanization and populace.
What's the Projected Size of the Global Construction Film Market by 2029?
The size of the construction film market is projected to experience robust expansion in the upcoming years, reaching $22.39 billion in 2029 with a compound annual growth rate (CAGR) of 5.2%. This growth within the forecast period can be credited to the rise in digital construction procedures, the development of circular economy practices, elevated construction safety standards, growth in emerging markets, and the amplified acclimatization to modified climate conditions. Within the forecast period, key trends to look out for include films resistant to weather conditions, the uptake of energy-saving films, the utilization of construction films possessing anti-microbial characteristics, tailored film solutions, and advanced smart construction films.
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Top Growth Drivers in the Construction Film Industry: What's Accelerating the Market?
The escalating trend of eco-friendly structures is predicted to propel the expansion of the construction film market in the future. These green structures are designed to minimize operational expenses, aid in conserving natural resources, enhance energy efficiency, and boost productivity. The rise in green building construction has led to an increase in the use of construction films in these projects due to their excellent durability and cost-effective production. For example, the World Green Building Trends 2023 report revealed that 59% of industry participants stated their intentions to transition the majority of their projects to green by 2023. As a result, this surge in the demand for green structures is stimulating the growth of the construction film market.
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What Trends Will Shape the Construction Film Market Through 2029 and Beyond?
The progression in the production of construction films is paving the way for expansion in their application within the building industry. Companies at the forefront of the construction film sphere are putting efforts towards improving barrier protection. An example being in August 2023, when Cosmo Films introduced their new high-barrier Enhanced Metalized BOPP Film created specifically for challenging packaging needs. This innovative film is superior in preventing moisture and oxygen penetration, making it appropriate for a multitude of products, such as packaging for bakery goods, snacks, chocolates and even personal care items like shampoo sachets. The film is proficiently designed to serve as a middle layer in multilayer laminates, safeguarding product quality and maintaining its freshness over time.
What Are the Main Segments in the Construction Film Market?
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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Which Top Companies are Driving Growth 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.
Which Regions Will Dominate the Construction Film Market Through 2029?
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.
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