Construction Films Market Estimated to Reach $29.22 billion by 2029|Berry Global Group, Dupont Teijin Films & Eastman Chemical Company
The global market for construction films is projected to grow with healthy CAGR of 5.8% during the forecast period from 2019-2029 and is estimated to reach $29.22 billion by 2029. Increasing numbers of green building projects, strict regulations directed to lowering carbon and greenhouse gas (GHG) emissions, and rapid industrialization and urbanization are expected to drive the worldwide market, particularly in developing nations of Asia Pacific such as China and India. The focus on reducing the building sector’s service cost and enhancing durability and energy efficiency has increased the demand for films in construction sector in various applications.
With increasing public and private investment in construction sector across the global is augmenting the growth of building and construction industry which further enhancing construction films market growth. APAC region is estimated to drive the market due to strong growth in construction sector, presence of major developing countries including China, Japan, and South Korea, supportive government policies regarding the residential and non-residential construction.
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On the basis of end-use, residential segment held the largest share in overall construction films market and is estimated to dominate in forecast period also. Increasing number of residential construction activities around the globe with rising population, growing middle class family, and government initiatives; are like to enhance the overall market growth for construction films.
Leading companies featured in the Construction Films Market Report 2019-2029 report include Berry Global Group, Dupont Teijin Films, Eastman Chemical Company, Mitsubishi Chemical, Polyplex Corporation, Raven, RKW SE, Saint-Gobain, SKC, Toray Industries among others. Mergers & acquisitions, expansion, and joint ventures constitute some of the industry players’ common strategies for reducing product price overall and maintaining extremely competitive conditions. In order to guarantee continued raw material supplies and ease of installation services, many players in the sector create alliances with raw material providers.
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The comprehensive report provides market estimates and forecasts for leading domestic markets across the world for the period from 2019 to 2029. In addition, the report includes dedicated leading companies covering 10 leading construction films industry producers.
The report on the Construction Films Market Report 2019-2029 will appreciate anyone who wants to better understand the market in various segment verticals. It will be useful for companies that want to better understand the part of the market in which they are already involved or those that want to enter or expand into another regional or technical part of the construction films industry.
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