The global construction films market size was valued at USD 15.37 Billion in 2017 and is anticipated to progress at a CAGR of 5.5% from 2018 to 2025. The emphasis on increasing durability and energy-efficiency and lowering the service cost of the construction sector has augmented the product demand in various applications. The rising number of green building projects, stringent regulations aimed at reducing the carbon and Greenhouse Gas (GHG) emissions, and rapid industrialization and urbanization, especially in emerging economies like Asia Pacific, are projected to drive the global market.
Considerable investment in infrastructure development and residential projects owing to the liberalization of foreign investment regulations is another factor boosting the construction industry. This, in turn, will augment the demand for construction films. Furthermore, cost advantages, durability, and availability of application-specific products are expected to drive the demand further. Another factor substantially influencing the construction of film demand is the growing popularity of green building initiatives.
Green building measures provide better energy-efficiency, lowers operating costs and reduces, assists in natural resource conservation, and improves productivity. Supportive government incentives and initiatives and the benefits of being recognized as a green project, such as property tax credits, will drive the green buildings industry, thereby fueling product demand. High durability and low product costs have increased their usage in green building projects.
The product is widely used in a number of applications including roofing, flooring, walls & ceilings, windows, building enveloping, HVAC, electrical, and plumbing applications. However, stringent regulations and frameworks imposed on plastic manufacturing, usage, disposal, and recycling may pose a challenge for the industry. The market is highly sensitive to environmental regulations as it may have a significant impact on the production and demand trends. In addition, the quality standards about the use of recycled films have increased their costs resulting in reduced use in green building projects. This may also restrain growth.
The vapor barrier film product segment led the global market in 2017 accounting for the largest share. Vapor barrier films have extensive use in flooring and wall and ceiling applications owing to their durability along with the ability to reduce moisture infiltration and prevent bacterial growth. Vapor barrier products have key applications in construction activities as they can act as a barrier between inner and external building envelope. They can also be used in timber frame constructions, high humidity buildings and roof, and floor constructions. The segment has witnessed significant growth over the past few years in Asia Pacific on account of rapidly growing manufacturing and construction industries.
Polyolefin is the most common resin type used in the construction industry. It is durable and versatile plastic, which is widely used in the film, and. exhibits characteristics, such as robustness, chemical, and corrosion resistance, which, in turn, lowers the maintenance costs and extends the service life of buildings. It provides premium-quality shrink films, which have greater clarity and appearance, due to which, it is largely used in the building and construction sector. Moreover, the low cost and eco-friendly nature of polyolefin have increased their demand further. Asia Pacific is one of the largest regional markets for polyolefin owing to the rapidly expanding construction industry.
Roofing is expected to be the fastest-growing application segment over the forecast period. There is a high demand for the product in various applications due to its high strength that assists in preventing cracks and deterioration on floors. Additionally, it helps reduce the moisture infiltration between the layers of walls and ceilings, which prevents the growth of mold or bacteria. Windows is another key application segment for construction films. Rising awareness about the harmful effects of UV radiation and global warming has significantly boosted the product demand in this segment. Window films have multiple uses, such as UV filtration, thermal insulation, heat, and glare reduction, safety, and security.
Barrier protection is the largest function segment. Increased emphasis on enhancing the durability and energy-efficiency and lowering the service costs has fueled the product demand in various applications. Bonding, insulation, and cable management are other major functions that utilize construction films. High adhesion to building components and precise fit make them ideal in bonding. Additionally, their application in insulation is the most efficient method of improving thermal performance in a building.
On the basis of distribution channels, the market has been bifurcated into direct and third-party distribution channels. The direct supply segment led the distribution channel network in the market. Direct supply ensures customer retention by minimizing supply chain inefficiencies and reducing delivery time. However, third-party distribution has been witnessing considerable growth over the past few years owing to its cost-effectiveness and expertise in tackling the supply chain complexities in emerging nations.
On the basis of end-use, the global market has been categorized into residential, commercial, and industrial sectors. The residential sector is anticipated to be the largest end-use segment over the next few years due to the rising number of residential construction projects across the globe as a result of the growing population. It is also likely to register the highest CAGR during the estimated time period.
Construction films are used as building envelopes, which separate the internal living environment from the external environment to protect various factors, such as weather, pests, noise, and dirt. These films also control sunlight penetration and offer high levels of privacy and comfort. They are mainly used in roofing, walls, flooring, cladding, insulation, and window applications.
Asia Pacific accounts for the largest share of the global market. Several government initiatives coupled with a substantial foreign investment in real estate development are expected to drive the regional market in the years to come. Vapor barriers are increasingly being used in greenhouse and industrial buildings, specifically in petrochemical plants of India and China. Government initiatives encouraging Public-Private Partnership (PPP) programs to promote infrastructure development projects at both regional and national levels are further propelling demand for vapor barriers.
North America is expected to witness a significant growth owing to expanding industrial sector as a result of increasing investments in construction liquefied natural gas terminals in the Gulf Coast region, as well as growth in new power plants. Rapid industrialization and urbanization in countries, such as the U.S., are creating demand for solar control films in construction and buildings, specifically in the commercial sector. Rising focus on reducing ultra-violet and infrared emissions, carbon footprints, and increasing safety in terms of theft and robbery are the key factors driving the market in the region.
Europe has an established market, which is continuously evolving. Moreover, innovations in terms of products, such as fragment retention films, UV and fade protection, bomb blast protection film, condominium glass coating, and window tinting, will have a positive impact on the market growth.
The industry is highly competitive and is dominated by many large- and medium-sized companies. Escalating product demand in emerging economies has provided numerous lucrative opportunities for new entrants. Hence, the market participants rely on product differentiation and development along with cost-effective pricing to gain higher market share.
Base year for estimation
Actual estimates/Historical data
2014 - 2016
2017 - 2025
Volume in Kilotons, Revenue in USD Million, and CAGR from 2017 to 2025
North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa
U.S., Germany, U.K., China, India, Japan, and Brazil
Revenue forecast, volume forecast, competitive landscape, growth factors and trends
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This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global construction films market report on the basis of product, resin type, application, function, end-use, distribution channel, and region:
Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
Vapor Barrier Films
Gas Barrier Films
Resin Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
Ethylene Vinyl Alcohol Films
Polyvinyl Butyral Films
Polyvinylidene Chloride Films
Bio-based Polymer Films
Polyvinyl Chloride Films
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
Walls & Ceilings
Building & Enveloping
Function Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
End-Use Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
Distribution Channel Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
Central & South America
Middle East & Africa
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The global COVID-19 pandemic has led to a sudden pause to manufacturing activities across the globe, affecting the demand for plastics and also production & processing of them. The most critically impacted end-use segments of the plastics industry include automotive & transportation, consumer goods, industrial equipment, construction, and electronics. The report will account for Covid19 as a key market contributor.