Construction Films Market
Construction Films Market Size, Share & Industry Analysis, By Material (LDPE, LLDPE, HDPE, PP, PVC, Others), By Application (Protective & Barrier, Decorative, Others), By End-Use (Residential, Commercial, Industrial, Infrastructure, Agricultural), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) -- Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview:
The global construction films market is projected to grow at a CAGR of X.X% during the forecast period of 2024-2031, reaching a market size of USD YY billion by 2031 from USD XX billion in 2024. The Asia-Pacific region is expected to dominate the market, driven by the rapid urbanization, increasing construction activities, and growing investments in infrastructure development. The growth of the construction films market is fueled by factors such as the rising demand for energy-efficient and sustainable buildings, increasing adoption of advanced construction techniques, and growing awareness about the benefits of construction films. However, the fluctuating prices of raw materials may restrain the market growth to some extent.
Market Dynamics:
Increasing Demand for Energy-Efficient Buildings Driving Market Growth
The increased demand for energy-efficient buildings is a major trend driving the construction films industry. Construction films, particularly reflecting and insulating coatings, serve an important role in decreasing heat transfer, improving thermal insulation, and increasing building energy efficiency. According to the International Energy Agency, the building and construction sector consumes roughly 40% of world energy and emits CO2. As a result, governments and building owners are increasingly using energy-efficient construction materials and technologies, such as construction films, to lower their energy usage and carbon impact.
Adoption of Advanced Construction Techniques Fueling Market Expansion
The rising use of innovative construction techniques, such as modular construction and prefabrication, is a major driver of the construction films industry. These procedures involve fabricating construction components off-site and then assembling them on-site. Construction films are widely employed in these operations for a variety of applications, including moisture protection, vapour barriers, and temporary weather protection. The increased popularity of modular construction, which offers benefits such as faster project completion, decreased waste, and enhanced quality control, is likely to increase demand for construction films in the future years.
Fluctuating Prices of Raw Materials Hindering Market Growth
Despite the favourable outlook, fluctuating raw material prices, particularly polymers such as polyethylene and polypropylene, may impede the growth of the construction films market. These raw material prices are impacted by a number of factors, including crude oil prices, supply-demand dynamics, and geopolitical events. Volatile raw material costs can have an impact on construction film makers' profit margins and cause pricing swings in end-use industries. However, the discovery of alternative raw materials and the implementation of efficient manufacturing techniques are projected to reduce the impact of raw material price changes to some extent.
Segment Overview
LLDPE Segment to Dominate the Construction Films Market
The linear low-density polyethylene (LLDPE) segment is likely to dominate the construction films market during the forecast period. LLDPE films are commonly used in construction due to their good moisture resistance, high tensile strength, and flexibility. They are utilised for a variety of applications, including vapour barriers, underlayment, and temporary protective covers. This segment's expansion is being driven by rising demand for LLDPE films in residential and commercial construction projects, particularly in emerging markets.
Major construction film makers, like Berry Global Inc. and Dow Inc., are investing in the development and manufacturing of high-performance LLDPE films to meet the changing needs of the construction industry. For example, in 2023, Berry Global introduced a new line of sustainable LLDPE building films produced from post-consumer recycled materials that provide increased performance and durability.
Regional Outlook:
Asia-Pacific to Dominate the Global Construction Films Market
The Asia-Pacific region is expected to account for the majority of the construction films market during the forecast period, owing to factors such as rapid urbanisation, increased building activity, and increased infrastructure development spending. China, India, and Southeast Asian countries are likely to be the region's main growth markets due to their massive population bases, rising disposable incomes, and favourable government policies for construction and infrastructure development.
According to our analysis, the Asia-Pacific construction films market is projected to develop at a CAGR of YY% between 2024 and 2031, surpassing other regional markets. The region is home to numerous leading construction film makers, who have made considerable investments in expanding production capacity to satisfy rising demand.
Recent market developments in Asia-Pacific include Saint-Gobain's establishment of a new construction film manufacturing facility in India to serve the local market, as well as a collaboration between a Japanese construction company and a South Korean construction film manufacturer to develop advanced insulation solutions for energy-efficient buildings.
Competitive Intelligence:
The global construction films market is fiercely competitive, with numerous multinational and regional competitors competing on product quality, cost, and innovation. Berry Global Inc., Dow Inc., Saint-Gobain, Toray Industries, Inc., Mitsubishi Chemical Corporation, Kuraray Co., Ltd., RKW SE, Dupont Teijin Films, Solvay S.A., and Chevron Phillips Chemical Company are among the market's top players.
These companies are focussing on initiatives such as capacity expansion, new product development, and strategic partnerships to expand their market positions and meet the changing needs of the construction sector. Dow Inc., for example, introduced a new line of high-performance polyethylene construction films in 2022 that outperform existing films in terms of moisture resistance and durability.
The competitive landscape of the construction films market is also driven by the increased emphasis on sustainability and recycling, with firms investing in the creation of eco-friendly and recyclable building films to address growing environmental concerns and laws.
Analyst Opinion:
The construction films market is expected to grow rapidly in the coming years, driven by rising demand for energy-efficient and sustainable buildings, the adoption of advanced construction techniques, and increased investments in infrastructure development, particularly in the Asia-Pacific region. The market will develop as people become more aware of the benefits of construction films in terms of increasing building performance and lowering energy consumption.
The LLDPE segment is likely to dominate the market due to its superior features and diverse uses in the construction industry. However, fluctuating raw material prices may continue to be an issue for building film manufacturers, reducing their profitability.
To thrive in this competitive market, organisations must focus on product innovation, capacity expansions, and strategic alliances to meet the changing needs of the construction sector. Sustainable and recyclable construction films will also gain popularity as businesses attempt to meet growing environmental standards and client preferences.
Overall, the building films market has tremendous development potential, owing to rising global demand for high-performance and ecological construction materials. Manufacturers who can provide creative, environmentally friendly, and cost-effective construction film solutions will certainly gain a competitive advantage in the market.
Major Players:
-
Berry Global Inc.
-
Dow Inc.
-
Saint-Gobain
-
Toray Industries, Inc.
-
Mitsubishi Chemical Corporation
-
Kuraray Co., Ltd.
-
RKW SE
-
Dupont Teijin Films
-
Solvay S.A.
-
Chevron Phillips Chemical Company
Key Developments:
-
Berry Global Inc. stated in July 2024 that it would expand its construction film production capacity in China to fulfil rising demand from the Asia-Pacific region.
-
In September 2024, Saint-Gobain introduced a new line of high-performance vapour barrier films for energy-efficient buildings.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope & Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking -- Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies list by Country) (Premium)*
5. COMPANY PROFILES
5.1. Berry Global Inc.
5.2. Dow Inc.
5.3. Saint-Gobain
5.4. Toray Industries, Inc.
5.5. Mitsubishi Chemical Corporation
5.6. Kuraray Co., Ltd.
5.7. RKW SE
5.8. Dupont Teijin Films
5.9. Solvay S.A.
5.10. Chevron Phillips Chemical Company (*LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Increasing Demand for Energy-Efficient Buildings
6.1.2. Growing Adoption of Advanced Construction Techniques
6.1.3. Rising Focus on Sustainable Construction Practices
6.2. Market Drivers
6.2.1. Rapid Urbanization and Population Growth
6.2.2. Increasing Investments in Infrastructure Development
6.2.3. Growing Awareness about the Benefits of Construction Films
6.3. Market Restraints
6.3.1. Fluctuating Prices of Raw Materials
6.3.2. Lack of Standardization and Regulations in Some Regions
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY MATERIAL (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. LDPE (Low-Density Polyethylene)
7.2. LLDPE (Linear Low-Density Polyethylene)
7.3. HDPE (High-Density Polyethylene)
7.4. PP (Polypropylene)
7.5. PVC (Polyvinyl Chloride)
7.6. Others
8. BY APPLICATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
8.1. Protective & Barrier
8.1.1. Vapor Barriers
8.1.2. Moisture Barriers
8.1.3. Temporary Protection
8.2. Decorative
8.2.1. Graphic Films
8.2.2. Colored Films
8.3. Others
9. BY END-USE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
9.1. Residential
9.1.1. Single-Family Homes
9.1.2. Multi-Family Buildings
9.2. Commercial
9.2.1. Office Buildings
9.2.2. Retail & Shopping Centers
9.2.3. Hotels & Restaurants
9.3. Industrial
9.3.1. Warehouses
9.3.2. Manufacturing Facilities
9.4. Infrastructure
9.4.1. Transportation
9.4.2. Energy & Utilities
9.5. Agricultural
9.5.1. Greenhouses
9.5.2. Livestock Buildings
10. BY REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)*
10.1. North America
10.1.1. US
10.1.2. Canada
10.2. Europe
10.2.1. Germany
10.2.2. UK
10.2.3. France
10.2.4. Italy
10.2.5. Spain
10.2.6. Rest of Europe
10.3. Asia-Pacific
10.3.1. China
10.3.2. India
10.3.3. Japan
10.3.4. South Korea
10.3.5. Australia
10.3.6. Rest of Asia-Pacific
10.4. Latin America
10.4.1. Brazil
10.4.2. Mexico
10.4.3. Rest of Latin America
10.5. Middle East & Africa
10.5.1. UAE
10.5.2. Saudi Arabia
10.5.3. South Africa
10.5.4. Rest of Middle East & Africa
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
By Material:
-
LDPE (Low-Density Polyethylene)
-
LLDPE (Linear Low-Density Polyethylene)
-
HDPE (High-Density Polyethylene)
-
PP (Polypropylene)
-
PVC (Polyvinyl Chloride)
-
Others
By Application:
-
Protective & Barrie
-
Decorativ
-
Others
By End-Use:
-
Residentia
-
Commercia
-
Industria
-
Infrastructur
-
Agricultura
By Region:
-
North Americ
-
Europ
-
Asia-Pacifi
-
Latin Americ
-
Middle East & Afric
Frequently Asked Questions
We at Aurorawave Intellects Market Report gives total market analysis that suit our customer business need and permit decision maker to run organizations without any problem. We have accomplished greatness in giving start to finish market research arrangements. Our detachment of industry specialists accumulate key data and get ready substance that lines up with our customer's business/specialty.
We at aurorawaveintellects.com offer mainly 3 types of licenses:
• Single User: Research Report copy can be distributed to a single user only
• Multi User: Research Report distribution is restricted up to 5 users.
• Corporate License :Research Report can be distributed across the company.
Based on the nature of the topic or research, the formats vary. The different formats of the report are as following:
• Word Document
• PPT
Following modes are available for making the payment:
• Online Payment (Visa Card, Master Card, Stripe)
• Razorpay
• Net Banking
• Bank Wire Transfer
Our customer service and research specialist team are available by phone and by email. Customer service hours are 24X7 Indian Standard Time (IST). You may reach us at:
• Email: info@aurorawaveintellects.com
• United Kingdom: ++91 7382742511