Construction Film Market Global Outlook By 2022 | TORAY INDUSTRIES, INC., Raven, SKC, DuPont Teijin Films, Berry Global Inc
Construction films are thin-grade polymer films used in the construction sector due to properties of ultraviolet protection and water & gas resistance. The global construction film market report by Market Research Future (MRFR) contains insights and trends while providing an analysis at a granular level for the period between 2018 and 2023 (forecast period).
Market Outlook
The global construction film market is poised to reach a high valuation
by the end of the forecast period due to the massive demand for
energy-efficient systems. Construction of modular buildings is likely to drive
the market demand. The use of construction films during the curing process of
concrete as well as from under-development sites can bode well for the market.
The expansion of the agriculture sector in developing countries due
to the ability of the polymer for maintaining stable soil temperatures is
likely to create immense market demand. Rise in farming activities can augur
favorably for the market due to its nurturing characteristics. Launch of novel
products by companies can entice buyers. Recently, 3M launched a line of
construction films with the visual appeal of stone, metal, weave, and wood with
applications in elevator carriages, retail furniture, and merchandising racks.
Competitive Analysis
Major industry participants in the global construction film market
include TORAY INDUSTRIES, INC., Raven, SKC, DuPont Teijin Films, Berry Global
Inc., DowDuPont, Mitsubishi Chemical Holdings Corporation, Eastman Chemical
Company, Saint-Gobain, RKW SE, and others.
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Huge leaps in plastic manufacturing technology and associated
application in commercial and residential buildings, refinery, petrochemicals,
and others can pave open the scope for the global construction film market.
But stringent policies outlined by federal bodies can pose a
challenge to the market growth.
Segmentation Analysis
The global construction film market is segmented by type and application.
By type, it is segmented into polyvinyl butyral (PVB), polypropylene
(PP), polyamide, linear low-density polyethylene (LLDPE), polyvinyl chloride
(PVC), low-density polyethylene (LDPE), high-density polyethylene (HDPE), and
polyethylene terephthalate (PET).
By application, it is segmented into concrete slabs, building
system, agriculture, vapor retarder, and others.
Regional Analysis
Asia Pacific (APAC), Latin America, North America, the Middle East
& Africa (MEA), and Europe are regions taken into purview during the write-up
of the global construction film market report.
The APAC region can dominate the market in terms of revenue and
demand due to the rapid level of construction activities. Government supported
initiatives such as Make in India and Smart City in India are likely to fuel
the demand for construction films exponentially. Rapid industrialization,
urbanization, and concerted efforts for lowering greenhouse gas emissions are
touted to drive the regional market demand. Promotional activities by the
Indian Green Building Council for fostering development of green buildings can
provide the market ample stimulus.
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The North America region is expected to display a stellar growth
rate during the forecast period due to the large scope for energy-efficient
homes. Rising investment of capital via public-private partnerships can fuel
the market demand. High need for modular homes which can be fabricated in low
amount of time due to options in décor and flexibility can drive the regional
market demand. The large spending capacity of consumers coupled with the large
disposable income levels of customers is another growth driver.
Europe has the latent potential for massive growth due to the large
construction sector in Sweden, Spain, and the Netherlands. This is evident by the
ambitious plans by the Swedish government for building close to 250,000 homes
by 2020. Large need for energy-efficient technology as well as need to meet
renewable energy targets for lowering carbon emission levels can bolster market
demand. Lastly, the MEA region can register considerable growth due to the rise
in number of construction projects globally.
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