Global Construction Film Market Expected To Reach XX Million By 2025
According to a new report published by Reports Monitor titled, “Global Construction Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the global construction film marketwas valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Construction film is a commonly accepted polymer film that is widely used in the construction projects due to its exclusive properties such as water & gas barrier and UV protection. These construction films are widely used in various industries such as construction, agriculture and others. The growing use of construction films during the curing process of concrete due to its ability to maintain hydration and restrict moisture loss is inciting the product demand. The usage is increasing in the farming activities as it supports the growth of crops and vegetables by avoiding insects and retaining wetness and moisture. Owing to its ultraviolet protection property it is widely used in home furnishing applications.
The growth of the market is enhanced by the increasing prevalent use of building systems because of its rising demand for the superior quality energy-efficient homes globally. The high speed and efficiency of the modular building system are driving the market growth. The demand for construction film is rising due to its property of being used water barriers, which is driving the market. They are used below the concrete or solid floors and act as a water resistant. Construction film are also used in abundance in roofing applications where they last long and act as water barrier thus, prevents moisture and frost. However, the use of construction film have a contradictory impact on the environment which is hampering the market growth. The government initiatives and policies to upgrade and support infrastructure in emerging countries could help the market to flourish.
For example, 3M introduced a new product “3M DI-NOC, which has the ability to recreate the visual appearance, ambiance of wood, stones, metals and weaves due to high versatility.
The market is bifurcated on the basis of product type such as linear low-density polyethylene (LLDPE), high-density polyethylene (HDPE), low-density polyethylene (LDPE), polypropylene (PP), POLYAMIDE, polyethylene terephthalate (PET) and polyvinyl chloride (PVC). Furthermore, it is classified on the basis of its application such as building system, concrete slabs, vapor retarder, agriculture, and others.
The global construction film market is divided on regional basis into North America, Europe, Asia-Pacific (APAC).
The APAC region has the dominance in construction films market, in terms of both value and volume. The market is expected to emerge as the fastest growing market in developing countries like India, China and Japan. North-America shares a considerable potential in the market. European region has prominent potential in the global construction film market and is growing due to its increasing demand for the prefabricated and modular homes.
The major leading vendors from in the global construction film market include Raven, 3M, TechFolien, Climax Synthetic, Great Cosmo Industries, Asia Polymer Corporation, Dow Polyethylene Asia Pacific, GECO Industrial, APEXFilm, PLASTIKA KRITIS, QINGDAO KF PLASTICS and Polifilm Extrusion.
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