Growth of the construction industry in the developing countries, rise in construction activities, and increase in government projects drive the growth of the global construction films market.
The findings of the report states that the global market for construction films generated $8.0 billion in 2020, and is expected to garner $14.6 billion by 2030, witnessing a CAGR of 6.3% from 2021 to 2030.The report offers valuable information on evolving market trends, major segments, top investment pockets, and key competitors for market players, investors, shareholders, and new entrants.
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Eswara Prasad, the Manager, Materials & Chemicals at Allied Market Research, highlighted, “The construction industry is growing rapidly in both financially stable and economically developing countries around the world. This is propelling the construction film market forward, as the demand for protection and storage of various building materials from builders and constructors grows. In addition, there is a growing demand for protective films and water barriers. In recent years, this element has had a favorable impact on the expansion of the construction film market.”
Based on end user, the residential segment accounted for the largest share in 2020, contributing to more than one-third of the global construction films market, and is projected to maintain its lead position during the forecast period. Moreover, the same segment is expected to portray the largest CAGR of 7.4% from 2021 to 2030, due to the rising number of residential construction projects across the globe as a result of the growing population.
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Based on region, Asia-Pacific, followed by North America, held the highest market share in terms of revenue 2020, accounting for nearly two-fifths of the global construction films market. Moreover, the same region is expected to witness the fastest CAGR of 7.2% during the forecast period, attributed to mass scale infrastructure and massive urbanization in the developing countries of the region.
Leading players of the global construction films market analyzed in the research include Eastman Chemical Company, Mitsubishi Chemical Corporation, Raven Industries, Inc., Saint-Gobain, Berry Global, E.I. du Pont de Nemours, Mondi, RKW SE, Supreme, and Toray Industries, Inc.
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