Construction Films Industry Analysis: Market Competition and Outlook

Growth in infrastructure development across emerging economies, increasing construction activities, and expanding government-backed projects are fueling the expansion of the global construction films market.

According to a report published by Allied Market Research, titled "Construction Films Market by Type (LDPE and LLDPE, HDPE, Polypropylene (PP)/BOPP, PET/BOPET, Polyamide/BOPA, PVB, PVC, and Others), Application (Gas & Moisture Barrier, Vapor Barrier, Curing Blanket, and Others), and End Use (Residential, Commercial, Industrial, and Others): Global Opportunity Analysis and Industry Forecast 2021-2030", the market was valued at $8.0 billion in 2020 and is projected to reach $14.6 billion by 2030, registering a CAGR of 6.3% from 2021 to 2030.

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Key Growth Drivers:

- Rapid expansion of the construction sector in developing nations
- Surge in infrastructure and urban development projects
- Increased government investments in housing and public infrastructure

However, environmental concerns related to the use of non-biodegradable plastics pose challenges to market growth. On the positive side, rising demand from the automotive sector is expected to create lucrative opportunities in the coming years.

Segment Insights:-

By Application:

- The gas & moisture barrier segment dominated the market in 2020, accounting for more than one-fourth of total revenue. It is projected to maintain its leading position through 2030 and is expected to grow at the highest CAGR of 6.3% during the forecast period. The increasing need for protection against moisture and gas infiltration in buildings continues to drive demand in this segment.

By End Use:

- The residential segment held the largest share in 2020, contributing over one-third of the global market revenue. It is anticipated to remain dominant and register the highest CAGR of 7.4% through 2030. Growth is largely supported by rising housing demand driven by population growth and urbanization trends worldwide.

Regional Analysis:

- Asia-Pacific, followed by North America, accounted for the largest revenue share in 2020, representing nearly two-fifths of the global market. The region is also expected to witness the fastest CAGR of 7.2% during the forecast period. Rapid urbanization, large-scale infrastructure development, and strong economic growth in developing countries across Asia-Pacific are key contributing factors.

Leading Market Players

- Berry Global
- Eastman Chemical Company
- DuPont
- Mitsubishi Chemical Corporation
- Mondi
- Raven Industries, Inc.
- RKW SE
- Saint-Gobain
- Supreme Industries
- Toray Industries, Inc.

Overall, the construction films market is set for steady growth, supported by expanding infrastructure projects, residential development, and technological advancements in film materials, despite environmental challenges.

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