Asia Pacific Construction Films Market Report

Asia Pacific Construction Films Market Analysis By Application (Vapor Barrier, Gas Barrier, Building Enclosure), By Region (Southeast Asia, China, India, Japan), Competitive Landscape And Segment Forecasts, 2014 - 2024

Published: February 2017  |  90 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-386-7

Industry Insights

The Asia Pacific construction films market size was valued at USD 15 billion in 2015 and is anticipated to grow at a CAGR of 7.6% over the forecast period. Increasing plastic consumption in commercial & residential buildings is expected to remain a key driving factor for growth over the forecast period.

The market is witnessing an increasing number of green buildings due to rising awareness among consumers regarding sustainable building practices. Green building sectors in Hong Kong and Singapore also display substantial growth potential & attract foreign investments. This trend has subsequently increased the demand to meet energy-efficiency needs.

China construction films market by application, 2014 - 2024 (USD Million)

China construction films market

Increasing infrastructure spending, in Malaysia, as a result of Economic Transformation Program (ETP) for the period of 2011 to 2020 has attracted higher FDI in the region. Several foreign players have launched technology-driven projects leading to the requirement of economically advantageous & high performance building materials, such as construction films.

The regional construction industry exhibits lucrative opportunities for foreign investors due to enormous scope in middle-class housing and presence of low-cost workforce. Similarly, trans-pacific and regional comprehensive economic partnerships are also driving industrial trade & investment activities, thereby fueling industry growth.

Furthermore, potential developments such as double layer metallized barrier films also present ample growth scope. Manufacturers are shifting their focus towards innovative technologies that comply with regulatory and building standards. Such advanced plastic films designed exclusively for unique infrastructures would arise demand for products with better specifications.

Environmental authorities in Malaysia and Indonesia have launched several media campaigns to combat the increasingly negative public perception of plastics used in the industrial sector. This factor is likely to result in an evolution of sustainable plastic materials manufacturing processes & subsequent positive impact on the industry in Asia Pacific.

Application Insights

Building enclosures or envelops emerged as the dominant segment with over 34% of volume share in 2015. These envelops assist in climate control inside building spaces and addresses critical moisture issues. Increasing demand for architectural roofing & waterproofing solutions in new commercial projects in India has been a key factor driving the segment growth.

The introduction of innovative & lightweight films, such as fully private enclosure constructed for indoor applications is expected to generate immense potential over the forecast period. These innovative products are likely to possess attributes resulting in their demand as a glass substitutes in buildings. This factor in turn is projected to result in replacement of conventional building materials by plastics in upcoming years.

Vapor barriers are anticipated to grow at a steady CAGR of 7.7%, and find wide application scope in numerous commercial and industrial building applications by improving air tightness and preventing interstitial condensations. Their usage as an under-concrete slab layer is expected to provide the impetus for growth to the segment.

Asia Pacific construction film market share by region, 2015

Asia Pacific construction films market

Regional Insights

China emerged as the dominant consumer in Asia Pacific. Rising initiatives to foster trade connectivity coupled with vast infrastructural spending to house the country’s massive population are foremost driving factors in China. Chinese populace has witnessed a proliferation of hospitals and healthcare facilities owing to growing geriatric population over the past few years.

This in turn has boosted the demand for advanced building materials such as sustainable plastic sheets. Furthermore, prefabricated buildings are also likely to become a major trend in China, which in turn is likely to result in surged demand for high performance moisture controlling sheets demand over the forecast period.

However, India is anticipated to account for over 20% of the volume share by 2024. Rapidly expanding plastics industry along with growing technical knowledge are key factors driving innovations in the industry. Besides this, other initiatives such as the development of smart cities, rising investments in religious and tourists’ cities and new urban development missions are also projected to boost demand in upcoming years.

Southeast Asian countries are also expected to grow at a significant rate owing to trade tariffs and attractive incentives provided by the ASEAN governments. Philippines, Indonesia, Thailand, and Singapore are likely to be the hub of fast-growing markets owing to the positive demographic outlook, political stability and rising demand for residential space.

Competitive Insights

Key industry participants include Dow Polyethylene Asia Pacific, Asia Polymer Corp., GECO Industrial Co. Ltd., Arun Manufacturing Services (Pvt.) Ltd., Guangdong Jinbang Industry & Technology Co. Ltd., Laizhou Laixing Plastic., Qingdao KF Plastics Co. Ltd., Climax Synthetic Pvt. Ltd., Great Cosmo Industries, and EP Industries Sdn Bhd.

Dow Chemicals have expanded production capacity by commencing the production for enlight polyolefin encapsulant films in Thailand, used in photovoltaic solar panels serving the construction industry to meet sustainability requirements. The industry is also witnessing several innovations owing to global manufacturers that are attempting to enter rapidly growing Southeast Asian countries.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historical data

2014 & 2015

Forecast period

2016 - 2024

Market representation

Volume in Kilo Tons , Revenue in USD Million & CAGR from 2016 to 2024

Regional scope

Asia Pacific

Country scope

China, India, Japan, Southeast Asia

Report coverage

Revenue forecast, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts volume & revenue growth and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2024. For the purpose of this study, Grand View Research has segmented Asia Pacific construction films market on the basis of application and region:

  • Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2024)

    • Vapor Barrier

    • Gas Barrier

    • Building Enclosure

    • Others

  • Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2024)

    • China

    • India

    • Japan

    • Southeast Asia

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