A construction film comprises a
continuous polymeric material. The function of a film in construction is to act
as a protective material or a barrier to moisture, sound, water, etc. Films are
mostly manufactured through the extrusion process and are available in rolls. In terms of value, the
construction films market is projected to reach USD 13.24 billion by 2022, at a
CAGR of 4.5% from 2017 to 2022.
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 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.
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.
Key players operating in the
construction films market have been increasingly adopting inorganic and organic
growth strategies to strengthen their position in the market. Expansions, joint
ventures, acquisitions, and new product launches were among the key growth
strategies adopted by the market players between January 2012 and November
2017.
For example, in 2014, Raven Engineered Films Division (US) acquired
Integra Plastics (US) for approximately USD 48 million in cash and stock.
Integra specializes in the manufacturing and conversion of high-quality plastic
films and sheeting. This acquisition will bolster the position of the company
as a premier provider of high-performance engineered film solutions and also help
in accomplishing expansions into major markets of geomembrane, agriculture,
construction energy, and industrial.
Eastman Chemical (Switzerland) announced the performance films
manufacturing capacity expansion in Martinsville, Virginia. This strategic
initiative will enhance the capacity for both, window films and paint
protection films to support continuous growth of Suntek and LLumar brands of
the company.
SKC (South Korea) and Sichuan Vinylon Works (China) have entered into a
joint venture to enter the PVB film market. The joint venture company will
produce resin for PVB films. The manufacturing operations of PVB films will be undertaken in SKC's Nantong film plant. The
commercial production of PVB films is expected to start in the Q1 of 2019.
Major players in the construction films market include
Saint-Gobain (France), Berry Global Group (Lithuania), Eastman Chemical
(Switzerland), Raven (US), RKW SE (Germany), Polyplex Corporation (Thailand),
Climax Synthetic (India), Tech Folien (UK), PLASTIKA KRITIS (Greece), QINGDAO
KF PLASTICS (China), and Polifilm Extrusion (Germany), among others.
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