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Construction Films are exceptionally used in construction sector for various applications that include all types of masking works on construction sites, underlay films as moisture barrier at the ground level, etc. These films are offered in variety of surface design & characteristics such as matte finish, UV resistant, smooth, non-skid, transparent, translucent, coloured opaque and others.
On the basis of type, construction films market is segmented into PP/BOPP, PET/BOPET, LLDPE, HDPE, POLYAMIDE/BOPA, PVB, PVC and others. On the basis of Application, Construction Films Market is segmented into barriers & protective, decorative, and others.
From a geographical standpoint, the market is categorised into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Market Driver -
– Rapid urbanization coupled with rise of middle class to drive the construction films market.
Key Market Restraint -
Implementation of Stringent regulations on the use of plastics
Key market Drivers, fast urbanization in the emerging economies are driving the global construction industry and are expected to drive the market of construction polymers. The rise of middle class and increasing disposable income are also the key macroeconomic factors that are driving the construction films market.
Key market restraints, the rising awareness regarding the health hazards and environmental issues caused by the plastics has impacted the construction films market in the recent years. Consumer are opting for alternative plastic films rather than conventional films that are less likely to harm the environment. Implementation of stringent laws on the use of plastics across the world are most likely to impact the construction films market growth over the forecast period.
The global Construction Films Market is fairly fragmented and number of global and regional players operate in the market. Some of the prominent players in the global Construction Films Market include- Toray Industries, Eastman Chemical Company, Dupont Teijin Films, SKC, Saint-Gobain, Raven, Mitsubishi Chemical, Polifilm, INDEVCO Group, Crayex Corporation, MURAPLAST d.o.o., and others.
On geographical basis, Construction Films Market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia-Pacific leads the global construction films market on the back of its gigantic construction industry. Relatively developed economies such as Japan & South Korea are expected to witness slow growths due to the slow-down in the regional construction sectors. However, the construction industry in Japan has recovered in past 2 years due to the increased spending on the restoration of damaged civil structures. Developing economies such as India, China, Vietnam are expected to witness high growths owing to increased government spending on civil works as well as boom in the regional construction industry coupled with increasing disposable incomes of the locals.
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Latin America region is expected to experience growth in line with the global GDP with growth opportunities in the developing regions such as Chile, Columbia and Mexico. Middle East & Africa regions are expected to experience steady growth in the construction industry as key countries are focused on shifting their dependency from the oil & gas business to other sectors such as construction and developing corporate infrastructure. North America construction films market is dominated by the US region. The southern parts of the USA are expected to drive the construction films market in the region owing to increased infrastructure and construction projects in these regions. Europe construction films market is expected to witness modest growth over the short term forecast with slight increased growth rates over the mid-term forecast, the key growth factor being increase in residential construction activities. Central & Eastern Europe are poised to be regions of high growth as compared to the developed regions of western Europe.
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