Construction Films Market worth $12.9 billion by 2026

Construction Films Market

The global construction films market size was USD 9.9 billion in 2020 and is expected to reach USD 12.9 billion by 2026, projecting a CAGR of 4.0% between 2020 and 2026. The growth of the construction films is driven by the increasing demand from residential, commercial, industrial, and civil engineering industries. LLDPE/LDPE have the largest market share. These type of construction films are increasingly being used for waterproofing membrane, moisture and gas barrier applications due to their low weight, high strength, and chemical resistant properties.

However, the demand for construction films witnessed declining trend in last one year due to ongoing crisis of COVID-19. With steady recovery in the global construction industry and economic recovery,  the demand for construction films will also rise during the forecast period.

Owing to stringent environmental regulations and concerns mounting over disposal of plastic waste, the construction films manufactuerers are focusing on recycling of plastics and using bio-based raw materials for making construction films. The growth in increasing number of green building is also expected to stimulate the growth of construction films.

APAC accounted for the largest share in the construction films market and is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. The growth of the APAC construction films market can be attributed to the burgeoning construction industry in China, India, Vietnam, Malaysia, and Indonesia. China is leading the  APAC construction films market.

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Among types, the LDPE & LLDPE segment is expected to lead the construction films market, in terms of value and volume, due to it’s relative transparency, higher tensile strength, puncture resistance, and superior impact strength. They are widely used in vapor residential, industrial, civil engineering, and commercial end-use industries.

Among applications, the protective & barrier is expected to be the fastest-growing segment of the construction films market during the forecast period. The protective & barrier application includes films used in vapor/moisture, gas, UV, and dust barriers purpose covers, dust barriers, vapor barriers, landscaping, and concrete slab underlays.

The COVID-19 pandemic has negatively affected all end-use industries including residential, commercial, industrial, and construction among others. The disruption in the supply chain, absenteeism of workers, stringent rules on social distancing has resulted in reduced demand for construction films, especially from the residential end-use segment.

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