24-Apil-2019: The global construction films market size is
expected to reach USD 23.53 billion by 2025, according to a new report by Grand
View Research, Inc. It is projected to expand at a CAGR of 5.5% over the
forecast period. Construction films are thin films or laminates used for
applications, such as window glass building systems. They assist in converting
the existing windows, roofs, walls to contemporary standards and increase their
energy-efficiency. Vapor barrier films and solar films are the most widely used
products as they reduce heat transfer. These films work on the principles of
radiation and convection respectively to reduce heat flow.
They are used in various
industrial sectors, such as petrochemicals, refinery, residential, and
commercial buildings. Window film and vapor barriers are also being utilized to
effectively reduce the environmental impact of buildings in numerous key areas,
such as thermal resistance, water, and indoor environment. Advancements in
technology used in plastic manufacturing have created a lucrative potential for
the market growth over the past few years. The use of nanotechnology in the
extrusion process has enabled manufacturers to develop plastic raw materials
with enhanced strength and durability. The high-quality films produced using
the method have high demand in eco-efficient construction.
In addition, rising usage in
green building retrofits due to government initiatives, especially in APAC,
aimed at reducing CO2 emissions will boost the demand further. Another factor
boosting the prospects of construction films is the increasing trend of using
lightweight materials in the construction industry. Glass- and plastics-based
materials are increasingly replacing the heavy metal components, hence
bolstering their demand in applications, such as roofing, walls, plumbing, and
building envelope.
In depth research report on Construction Films Market
Further
key findings from the study suggest:
· Construction
films market is led by vapor barrier films segment, which account for about 32%
of the overall industry
· Asia
Pacific is expected to register the fastest CAGR during the estimated period,
in terms of product demand
· Growing
number of green building initiatives and increasing investments by government
and private sectors in APAC will drive the regional market in the years to come
· Bonding
was the dominant function segment in 2017, in terms of product demand
· The
residential end-use segment is anticipated to expand at the fastest CAGR over
the forecast period
Grand View Research has
segmented the global construction films market on the basis of basis of
product, resin type, application, function, end use, distribution channel, and
region:
Construction
Films Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
· Vapor
Barrier Films
· Gas
Barrier Films
· Window
Films
· Solar
Films
· Others
Films
Construction
Films Resin Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
· Polyolefin
Films
· Polyester
Films
· Nylon
Films
· Ethylene
Vinyl Alcohol Films
· Polyvinyl
Butyral Films
· Fluropolymer
Films
· Polyvinylidene
Chloride Films
· Polyimide
Films
· Bio-based
Polymer Films
· Polyvinyl
Chloride Films
· Others
Films
Construction
Films Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
· Flooring
· Walls
& Ceilings
· Windows
· Doors
· Roofing
· Building
& Enveloping
· Electrical
· HVAC
· Plumbing
· Others
Construction
Films Function Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
· Bonding
· Protection
· Insulation
· Glazing
· Soundproofing
· Cable
Management
Construction
Films End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
· Residential
· Commercial
· Industrial
Construction
Films Distribution Channel Outlook (Volume, Kilotons; Revenue, USD Million,
2014 - 2025)
· Direct
· Third-Party
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About
Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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