Global Construction Films Market - 2023-2030

Market Overview

The Global Construction Films Market reached US$ 10.1 billion in 2022 and is expected to reach US$ 13.2 billion by 2030, growing with a CAGR of 4.0% during the forecast period 2023-2030.

Construction films are expected to proliferate during the forecast period due to their special ability to shield buildings from severe weather. To protect machinery and building structures from extreme weather conditions like snowfall, hailstorms, rain, dust and debris, films are usually preferred.

Due to rising construction activity and the demand for energy-efficient building systems, Asia-Pacific is expected to make up for less than half of the Global Construction Films Market. Additionally, the competitive market for constantly changing plastic sheeting, a rise in demand for less expensive plastic sheeting and high-performance films all contribute to the growth of the global construction films market.

Market Dynamics

Rising Demand for Sustainable Films

Manufacturers manufacture building films from recycled or bio-based materials to minimize their carbon effects. For instance, several companies produce films utilizing recycled or biodegradable plastics. Films on sustainable building include benefits including improved air quality, less waste materials generation and energy efficiency.

They promote environmentally friendly building practices and support LEED (Leadership in Energy and Environmental Design) certifications. Therefore, during the forecast period, the market for construction films will rise due to the rising usage of environmentally friendly and sustainable building films.

Rapid Expansion of Residential Construction

Construction films are very durable, moisture-resistant and environmentally friendly. The need for infrastructure development for both residential and non-residential developments is expanding. With increased building activity, there is a rising need for industrial films. The number of construction projects is growing due to rapid urbanization and rising confidence in the usage of construction films.

With ongoing changes in lifestyle and home requirements, there is a rising need for construction films. The UAE Real Estate Report Asteco claims that in 2021, the UAE's real estate market had a sharp increase. The residential market in Dubai saw over 4,000 sales for about US$ 2.0 billion in February 2021.

Such expenditures on infrastructure are anticipated to increase demand for building materials, which is expected to fuel the expansion of the global construction films market during the forecast period.

Quality and Durability Concerns

Low-quality construction films don't have the necessary levels of resistance, flexibility and strength for construction. The movie, for instance, have poor barrier properties, low UV stability and poor tear resistance, which might affect performance and reduce their lifespan. Quality issues might result in increased repair costs, film failure and other issues, including water damage or infiltration.

The films must be durable and have the load-bearing capacity to endure potential pressures like wind pressure or heavy items resting on them. Such components can limit the global construction films market in their expansion.

Furthermore, it may be difficult for purchasers to assess the strength and quality of various films without standardized testing procedures or quality certificates. Customers may become hesitant and reluctant due to a lack of standardization, which might hurt market growth.

COVID-19 Impact Analysis

The pandemic caused a slowdown in the building sector, which is a major consumer of construction films. Government limitations on non-essential construction activities resulted in the suspension or delay of several construction projects. The decline of construction activity impacted the market for construction films. The epidemic caused a change in the highest priority for construction.

There was more emphasis on building healthcare facilities, temporary hospitals and infrastructure related to the pandemic response due to the development in remote work and social distancing. The change in focus led to an increased demand for specific types of construction films utilized for the projects, like ones used for solitary confinement and temporary structures.

Russia-Ukraine War Impact Analysis

The consequence of the conflict between Russia and Ukraine has caused a global shortage of construction materials. The conflict should have minimal effect on commercial construction. Pressures on production prices pose the main risk, although demand should continue to be high. Additionally, the cost of fuel and petrol has reached record highs. It is where construction companies could feel their first significant impacts.

As a result, it will become more expensive to get employees and commodities to working destinations. As the U.S. progresses out of the epidemic, several demand sectors for commercial construction continue to anticipate record expenditures in 2022 and many industries that had been idle for the prior 24 months are recovering.

Segment Analysis

The Global Construction Films Market is segmented based on type, application and region.

The Unique Properties of LDPE Films

The LDPE construction films is expected to account for around 1/3rd of the Global Construction Films Market in 2022. The majority of PE films is made of low-density polyethylene (LDPE). High tensile strength, resistance to sunlight & cracking, increased deflation resistance and moisture barrier are only attributes of LDPE films.

As HDPE films are so rigid, LDPE films have filled their place. The market is driven by the rising demand for LDPE films because of their flexibility. Therefore, the market will expand during the forecast period due to the rise in demand for LDPE construction films.

Geographical Analysis

The Investments in North America

During the forecast period, the North America construction films market is expected to witness the highest growth owing to increasing investments in residential & commercial construction in the region. U.S. DOT Secretary announced in July 2021 that the Infrastructure for Rebuilding America (INFRA) program would award 24 projects across 18 states a total of US$ 905.25 million in discretionary funds.

Solar control films are in demand in the construction and building industry, particularly in the residential sector, due to countries' rapid industrialization and urbanization. According to the Conference Board of Canada, low mortgage rates and rapid population expansion are the main factors driving the demand for the construction of new homes. Residential building investment increased for 11 months in March 2021, 7.6% to US$ 10.99 billion.

Competitive Landscape

The major global players include: Saint-Gobain Performance Plastics, Berry Global Inc., Eastman Chemical Company, Raven Industries, RKW SE, Polyplex and Climax Synthetics Pvt. Ltd, Bostik SA, Tech Folien Ltd and Plastika kritis.

Why Purchase the Report?

• To visualize the Global Construction Films Market segmentation based on type, application and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of construction films market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Construction Films Market Report Would Provide Approximately 53 Tables, 53 Figures And 202 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies