Construction Film Market Size Share and Demand by 2032
Rising attention being paid to enhancing the energy efficiency of buildings is another factor contributing to revenue growth of the construction film market.
The global Construction
Film Market, which amounted to USD 9.35 Billion in 2022, is projected to
achieve a significant milestone by reaching USD 14.76 Billion by 2032,
exhibiting a noteworthy revenue CAGR of 5.2% during the forecast period. The
market's growth is primarily attributed to the increasing demand for
construction films in a diverse range of applications, including industrial,
commercial, and residential buildings. This surge in demand plays a pivotal
role in propelling the market's revenue expansion.
Moreover, the construction industry's growing emphasis on
enhancing the overall efficiency and longevity of building projects is another
crucial factor contributing to the market's positive revenue trajectory.
The demand for construction films is driven by several key
factors, particularly their various applications as vapor barriers, thermal
insulation, roofing membranes, and protective films. These diverse applications
significantly contribute to the market's revenue growth. Furthermore, the rapid
expansion of the construction sector has led to a surge in the demand for
construction films, mainly due to their cost-effectiveness, durability, and
ability to withstand extreme weather conditions. These advantages further
bolster the market's growth and popularity.
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Construction Film
Market Segments:
The construction film market is expected to witness
significant growth during the forecast period, with a projected Compound Annual
Growth Rate (CAGR) of 5.2% from 2022 to 2032. In 2022, the market size value
was estimated at USD 9.35 Billion, and it is anticipated to reach USD 14.76
Billion by the end of 2032.
The report's coverage includes a comprehensive analysis of
the construction film market, focusing on various aspects such as revenue
forecasts, company rankings, competitive landscape, growth factors, and
emerging trends. The study encompasses different segments based on Type Outlook
and Application Outlook.
Under the Type
Outlook segment, the construction film market is divided into four categories:
- Low-density
Polyethylene (LDPE)
- High-Density
Polyethylene (HDPE)
- Polyvinyl
Chloride (PVC)
- Others
On the other hand,
the Application Outlook segment comprises the following categories:
- Protective
Sheeting
- Vapor
Barrier
- Concrete
Curing
- Others
The report provides
valuable insights into regional market trends, analyzing the construction film
industry's scope in various geographic areas. The regions covered in the report
include:
- North
America
- Europe
- Asia
Pacific
- Latin
America
- Middle
East & Africa
The base year for market estimation is 2022, and historical data
from 2020 to 2021 have been considered to make informed projections for the
forecast period, spanning from 2022 to 2032. The quantitative units utilized in
this report are presented in USD Billion.
With this comprehensive scope, the construction film market
report aims to assist stakeholders, industry players, and investors in making
well-informed decisions and understanding the prevailing market dynamics,
opportunities, and challenges within the industry.
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Construction Film
Market Strategic Developments:
- In
2021, Berry Global acquired the Clopay Plastic Products Company, Inc., a
leading manufacturer of breathable films and laminates used in healthcare,
industrial, and construction markets. This acquisition will enable Berry
Global to expand its product portfolio in the construction film market and
cater to a broader customer base.
- In
2020, Dow Chemical Company launched a new range
of Polyethylene resins for the construction film market. These
resins are designed to provide enhanced strength and durability, while
also being eco-friendly.
- In
2020, Armando Alvarez Group announced an investment of €35 million in a
new plant to manufacture high-performance agricultural and construction
films. This investment is aimed at increasing the production capacity of
the company and expanding its presence in the global market.
Construction Film
Market Competitive landscape:
The construction film market is driven by key players that
play a significant role in shaping the industry's landscape. Some prominent
companies in the market include AEP Industries Inc., Armando Alvarez Group,
Arkema S.A., Berry Global Inc., Dow Chemical Company, and ExxonMobil
Corporation.
These companies are major contributors to the market's
growth and competitiveness. They are involved in the production and
distribution of various types of construction films, catering to a wide range
of applications in the industry. With their extensive product portfolios and
strong market presence, these companies strive to meet the growing demand for
construction films across different regions and applications.
AEP Industries Inc., a leading player in the market, offers
a diverse range of construction films with a focus on innovation and
sustainability. Their products cater to the needs of protective sheeting, vapor
barriers, concrete curing, and other applications.
The Armando Alvarez Group is another significant player in
the construction film market. Known for its expertise in manufacturing and
supplying high-quality films, the company serves the construction industry with
reliable and efficient solutions.
Arkema S.A. is a global provider of specialty chemicals and
advanced materials, including construction films. Their expertise in research
and development enables them to offer innovative solutions that meet specific
industry requirements.
Berry Global Inc. is renowned for its extensive portfolio of
construction films, offering solutions for various applications. The company's
commitment to delivering superior products has earned them a strong position in
the market.
Dow Chemical Company, a leading multinational corporation,
contributes to the construction film market with its wide array of offerings.
With a focus on sustainability and advanced technologies, Dow remains at the
forefront of providing cutting-edge solutions.
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