Request Sample
Request Methodology
Description
Construction Films Market was valued at USD 9.8 billion in 2021 and is anticipated to grow at USD 13.2 billion by 2028 recording a CAGR of 4.2% during the forecast period 2022-2028. The building industry’s focus on boosting durability and energy efficiency while cutting servicing costs has boosted product demand in a variety of applications. The global market is expected to be driven by an increase in green construction projects, strict laws aimed at lowering carbon and greenhouse gas (GHG) emissions, and fast industrialization and urbanization, particularly in emerging markets such as Asia Pacific. Another element helping the construction sector is increased investment in infrastructure development and residential projects as a result of the easing of foreign investment laws. As a result, the need for construction films will rise. Cost savings, durability, and the availability of application-specific goods are also projected to boost demand. Another significant aspect impacting demand for film construction is the growing popularity of green building initiatives. Green construction practises improve energy efficiency, cut operating costs, aid in natural resource conservation, and increase productivity. The green building sector will be fueled by government incentives and programmes, as well as the benefits of being recognised as a green project, such as property tax rebates. Their use in green construction projects has expanded because to their high resilience and low product prices. The construction industry is facing problem of price fluctuation in all of its inputs. Growing environmental concern, effective recycling of mixed plastic waste and plastic recovery are some of the issues plaguing the market. Hence, stringent environmental and government regulations are hampering the Market growth. Global Construction Films market is surging owing to frequent acquisitions and launchings by the market players. For Instance, Berry Global group acquired Clopay Plastic Products Company, Inc which adds highly complementary products, geographic footprint, and customers.
