The increasing use of plastic films in the construction industry as water barriers is driving the market. Construction films are used below the concrete floors and act as a water barrier. They are also used in roofing applications where they provide water and frost resistance. The construction films market is projected to reach USD 13.24 billion by 2022, at a CAGR of 4.5% between 2017 and 2022.
The recycling of plastic waste offer growth potential to film producers. There are several construction film applications where recycled plastic films can be used without compromising on the properties of the films. The recycling of plastic waste into construction films will offer growth opportunity for the market.
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The APAC construction films market is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. The growth of the Asia Pacific construction films market can be attributed to the growing construction industry in China, India, and Japan. China is leading the APAC construction films market. The global construction industry is projected to reach USD 10.2 trillion by 2020, of which, the APAC is expected to account for a market share of 45-50% in 2020.
Among types, the LLDPE segment is expected to lead the construction films market, in terms of value and volume, due to it’s the relative transparency, higher tensile strength, puncture resistance, and superior impact strength of LLDPE. LLDPE films have found application in waterproofing on terrace gardens, concrete roads and bridges, and sports stadiums.
Among applications, the barriers & protective is expected to be the fastest-growing segment of the construction films market between 2017 and 2022. This can be attributed to the growing construction industry. The production of building materials such as purpose covers, dust barriers, vapor barriers, landscaping, and concrete slab underlays is also expected to increase, thereby increasing the demand for construction films in these applications.
APAC accounts for a major share, in terms of value and volume, of the construction films market mainly due to the growth of the construction sector in China and India. On the other hand, the North American market, in terms of volume, is projected to register a considerable growth rate because of the rapid growth of the construction industry in the US.