Construction Films Market Size to experience an impressive growth of 4.7%
January 30, 2020
Construction Films Market is likely to witness an impressive CAGR of 4.7% during the forecast period. The growing demand for construction films is mainly attributed to the increase in the usage of films in construction as water barrier, which is fueling the growth of the market.
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Construction Films Market Insights:
By Film Type:
Based on the film type, the market is segmented as LLDPE, LDPE, HDPE, PP, PVC, PVB, PET/BOPET, Polyamide/BOPA, and others. The LLDPE segment held the largest share of the market in 2019, in terms of value and volume, and is expected to remain dominant during the forecast period. LLDPE is an advanced version of LDPE. The growth of the segment is owing to its properties, such as higher strength against than its older version.
By Application Type:
Based on the application type, the construction films market is segmented as barriers & protective, decorative, and others. The barriers & protective segment leads the market owing to rise in demand for water barriers, vapor barriers, and UV protection. The segment is also likely to remain dominant during the forecast period.
By Region:
In terms of regions, Asia-Pacific is estimated to be the largest market for construction films during the forecast period. China and India are the growth engines of the region. The market is bolstered by the extensive growth of construction industry in the region along with the presence of a large number of construction film manufacturers in China and India. North America and Europe are also expected to offer lucrative growth opportunities during the forecast period.
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