Construction Films Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Transparent Construction Films, Translucent Construction Films, Coloured Opaque Construction Films), By Material Type (Polyethylene, Nylon/Polyamide, Polyester, Polyolefin, Others), By Application (Scaffolding, Barrier & Protection, Decoration), By End User (Residential, Industrial, Commercial), And By Geography- Forecasts From 2022 To 2027

Published:  Sep 2022 Report Code: KSI061612923 Pages: 131

The construction films market is expected to surge at a CAGR of 4.34% to achieve a market size of US$19.511 billion by 2027, from US$14.491 billion in 2020.

Construction film is a general-purpose polymer film widely used in construction projects. Construction films are utilized for covering, for example, in the form of dust covers or privacy protection on the construction spots. These are further used as moisture barriers, underlying film for scaffolding, water barriers below the concrete floor, and sound barriers in stadiums. These films have outstanding abrasion resistance, toughness and strength, the ability to adapt to varying humidity, high puncture resistance, and high tensile strength, are recyclable, maintenance-free, and are easy to apply.

The construction film market seems to have steady growth owing to its characteristics and advantages, along with a boost from government initiatives and regulations recognizing green building projects, which demand construction film products. Additionally, elevated use of construction films during the curing process of concrete owing to their ability to maintain hydration and inhibit moisture and their ability to maintain and stabilize soil temperature in agriculture is leading to higher demand.

However, strict rules and regulations imposed on plastic manufacturing and its usage, disposal, and recycling pose a challenge for market growth. Environmental regulations also act as a restrictive factor. Besides, the quality standards for recycled films have also increased their costs. To overcome these, the market demands technological improvements, innovations, and mergers and acquisitions so that the growth remains steady.

On the basis of geography, North America and Europe are expected to hold a significant market share due to the adoption of early inventions.

 With significant construction spending in the North American region, the market is projected to grow in the forecast period. On the other hand, the Asia Pacific region will witness a high market growth rate and is assumed to be the fastest-growing region during the forecast period due to the presence of a large consumer base. Hence, there is a high demand for construction activities to take place in the forecast period and in the upcoming years. This is due to the rapid urbanization in the APAC countries, where there is a huge market demand for several smart city projects, and for the repair and improvement of old infrastructure.

Green construction is driving the market demand in the forecast period.

Green building construction is in high demand at the global level, the government is also emphasizing green construction. Hence, this is providing a huge opportunity for the market to thrive in the forecast period. Additionally, consumers around the globe are realizing the benefits of green buildings and are valuing eco-friendly techniques and solutions for the construction of residential, commercial, and industrial buildings, which contribute towards energy efficiency and cost-efficiency, driving sustainability. These consumer demands for green building construction have paved a path for innovations, further driving the market demand in the forecast period. Keeping in view the surging demand, manufacturers are working on strengthening their R&D activities to deliver more high-quality products in their product portfolio to a wide range of consumers. Some of the products available in the market include high-performance window films for providing protection against UV and IR radiation and stabilizing indoor temperatures. Additionally, builders and manufacturers look for ways to reuse materials that are already in use in a construction project. Hence, this will contribute to creating less waste, in addition to providing unique elements of the already-existing structures that are otherwise difficult to achieve.

In terms of cost-efficiency, construction involving green materials is expected to be quite affordable in comparison to other traditional construction materials. With time, green construction is becoming more economical due to the fact that it has been in high demand and is encouraging manufacturers to create high-quality materials that help fulfil sustainability standards. Australia, Hong Kong, Ireland, UAE, and Norway, among others, are a few countries in the world that are working on green projects during the forecast period.

The booming plastics industry is augmenting the market demand in the forecast period.

The immense use of plastics worldwide, despite the fact that it is harmful to the environment, is a huge source of revenue generation for manufacturers. The global plastic output grew from 245 million in 2006 to 348 million by 2016 (source: PlasticsEurope Trade Association). As per the association stats, the production growth rate increased by 3.9% in 2017 from 3.5% in 2015.

Furthermore, the demand for thermoplastics alone, which includes polyester (PET), polypropylene, and polyethene will continue to grow, fueling the market demand during the forecast period. According to the association statistics, demand surged by over 4% y-o-y growth during the period 1990-2017. With the growing global economy, the use of plastics in construction and infrastructure development will also continue to propagate with time.

Key Developments

  • September 2021: TeraPlast Group reached an agreement with Brikston Construction Solutions to take over the production of polyethene films from the manufacturer in Sighisoara. TeraPlast's assets, which were in Sighisoara, were transferred to the Somplast plant in Nasaud, which was at that time undergoing resurrection following its acquisition by TeraPlast Group. The agreement also included the acquisition of recycling equipment as per the September 2021 press release by TeraPlast Group.
  • September 2019: Mitsubishi Chemical Corporation announced that its wholly-owned subsidiary PT. MC PET Film Indonesia or MFI will build a new facility to increase its polyester film production capacity. MFI also announced that they will invest about 130 million U.S. dollars in the new facility in 2019, which is slated for completion at the end of 2021 as per the press release by Mitsubishi Chemicals in September 2019.

Impact of COVID-19 on Construction Films Market

The emergence of the coronavirus pandemic triggered a global recession that severely impacted a variety of industries. The emergence of the COVID-19 pandemic hampered the growth of the global construction film market. Because of the impact of COVID-19 on the companies and governments that commissioned them, some construction projects got delayed and canceled and then had to bear with huge financial losses. Due to the lockdown, the initial phase of the pandemic halted construction activities around the world and disrupted the supply chain. This reduced the use of construction films for ground-curing concrete. COVID also introduced some new opportunities as many market players came up with technological advancements in manufacturing units which could help them in creating margins. Extending lines of credit, short-term funding, reducing infrastructure costs, lowering the tax burden, and supply chain assistance were the measures taken by the state and central governments to ease the burden. The market is anticipated to recover in the coming years.

Construction Films Market Scope:

Report Metric Details
 Market Size Value in 2020  US$14.491 billion
 Market Size Value in 2027  US$19.511 billion
 Growth Rate  CAGR of 4.34% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments Covered  Type, Material Type, Application, End User, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered Viaflex, Plastika Kritis S.A., Tech Folien Ltd., Qingdao KF Plastics Co., Ltd, Eastman Chemical Company, Four Star Plastics, Polifilm Group, RKW Group, INDEVCO Plastics, LLC, Kalliomuovi
 Customization Scope  Free report customization with purchase

 

Segmentation:

  • By Type
    • Transparent Construction Films
    • Translucent Construction Films
    • Coloured Opaque Construction Films
  • By Material Type
    • Polyethylene
    • Nylon/Polyamide
    • Polyester
    • Polyolefin
    • Others
  • By Application
    • Scaffolding
    • Barrier & Protection
    • Decoration
  • By End User
    • Residential
    • Industrial
    • Commercial
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Others
    • Middle East and Africa
      • UAE
      • Israel
      • Saudi Arabia
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the construction films market size by 2027?
A1. The construction films market is expected to reach a total market size of US$19.511 billion in 2027. 


Q2. What are the growth prospects for the construction films market?
A2. The global construction films market is expected to surge at a CAGR of 4.34% during the forecast period. 


Q3. What is the size of the global construction film market?
A3. Construction Films Market was valued at US$14.491 billion in 2020. 


Q4. What factors are anticipated to drive the construction films market growth?
A4. The construction film market seems to have a steady growth owing to its characteristics and advantages, along with a boost up by the government initiative and regulations recognizing the green building projects, which demand construction film products. 


Q5. Which region holds the largest market share in the construction films market?
A5. North America and Europe are expected to hold a significant share in the construction films market due to the adoption of early inventions.

 

1. Introduction
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Construction Films Market Analysis, by Type
5.1. Introduction
5.2. Transparent Construction Films
5.3. Translucent Construction Films
5.4. Coloured Opaque Construction Films

6. Construction Films Market Analysis, by Material Type
6.1. Introduction
6.2. Polyethylene
6.3. Nylon/Polyamide
6.4. Polyester
6.5. Polyolefin
6.6. Others

7. Construction Films Market Analysis, by Application
7.1. Introduction
7.2. Scaffolding
7.3. Barrier & Protection
7.4. Decoration

8. Construction Films Market Analysis, by End User
8.1. Introduction
8.2. Residential
8.3. Industrial
8.4. Commercial

9. Construction Films Market Analysis, by Geography
9.1. Introduction
9.2. North America
9.2.1. United States
9.2.2. Canada
9.2.3. Mexico
9.3. South America
9.3.1. Brazil
9.3.2. Argentina
9.3.3. Others
9.4. Europe
9.4.1. UK
9.4.2. Germany
9.4.3. France
9.4.4. Italy
9.4.5. Others
9.5. Middle East and Africa
9.5.1. United Arab Emirates
9.5.2. Israel
9.5.3. Saudi Arabia
9.5.4. Others
9.6. Asia Pacific
9.6.1. Japan
9.6.2. China
9.6.3. India
9.6.4. South Korea
9.6.5. Taiwan
9.6.6. Thailand
9.6.7. Indonesia
9.6.8. Others

10. Competitive Environment and Analysis
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix

11. Company Profiles
11.1. Viaflex
11.2. Plastika Kritis S.A.
11.3. Tech Folien Ltd.
11.4. Qingdao KF Plastics Co., Ltd
11.5. Eastman Chemical Company
11.6. Four Star Plastics
11.7. Polifilm Group
11.8. RKW Group
11.9. INDEVCO Plastics, LLC
11.10. Kalliomuovi

Viaflex

Plastika Kritis S.A.

Tech Folien Ltd.

Qingdao KF Plastics Co., Ltd

Eastman Chemical Company

Four Star Plastics

Polifilm Group

RKW Group

INDEVCO Plastics, LLC

Kalliomuovi

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