Construction Film Market – Market Overview
Construction Films are polymer based films that serve various purpose during construction such as masking the building and for protecting the floorings, windows, and sanitary among others. The different types of Constructions Films readily available in the market include transparent, translucent, and colored opaque films among others. The market demand for Construction Films are directly attributed towards the trends associated with the global construction outlook. Also, due to the vapor barring ability of Construction Films it is gaining traction among the HVAC insulation applications. Construction Films application is not limited to construction irrespective of the name. It is also used in agricultural applications for protection against the pests, retain wetness and to prevent growth of weed roots. Thus, the demand for Construction Films in the agricultural applications is expected to add substantial revenue to the Global Construction Films Market.
A positive market outlook for the construction industry at present and in the fore coming years is and will be the major primary market demand driver for Construction Films across the globe. Sanguine investments on infrastructural developments in the developing and developed nations will further fuel the market for Construction Films. For instance, the U.S. construction revenue crossed the USD 1 trillion mark recently and is expected to reach USD 1.7 trillion by 2020. For the first time since 2007, the difference in GDP contribution from the construction sector with respect to the country’s economy is narrowing i.e., a considerable increase in the rate of construction. Also, in Middle East, the ongoing and proposed construction projects across the GCC is valued at approximately USD 2,700 billion, with Saudi Arabia leading the construction investments followed by UAE with project completions projected between 2025-2030. Thus, considering the above industry trends the market for construction films is expected an above moderate growth.
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Also, the flourishing growth of HVAC insulation market is presumed to drive the demand for Construction Films in the duct applications due to its vapor baring properties. Thus, the increasing HVAC activities will witness subsequent demand for effective HVAC materials, which in turn will drive the market for Construction Films. In addition, the burgeoning agricultural activates on the backdrop of increasing food demand will further propel the Construction Films demand in agronomy.
Construction Film Market – Competitive Analysis
Construction Films Market is competitive and fragmented the major players involved in the market are adopting strategies such as product launch, capacity expansion, collaborations, and product developments. Development of low cost and high performance films is a noted trend among the manufacturers in the Construction Films Market. For instance, in 2017, DuPont Teijin films launched its newly developed fire retardant films based on PET polyester for an array of industries including the construction applications.
Industry/ Innovation/ Related News:
November, 2017 – DuPont Teijin films launched its newly developed fire retardant films based on PET polyester for an array of industries including the construction applications. These films are developed and launched on the light of increasing scrutiny on safety standards across the various industries.
October, 2016 – Infiana, a global name among the construction film manufacturer expanded its North America production capacity for expanding the capacity of its existing building & construction product line.
August, 2016 – British Polythene Industries PLC (BPI), a U.K based PE films manufacturer was acquired by RPC group, a pioneer in plastic products for packaging and non-packaging applications.
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