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.
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.
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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. These companies have a presence in the construction
films market and are continuously making efforts to improve their business
strategies and product portfolios. Various key parameters, such as geographic
footprints, inorganic and organic growth strategies, business.
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