The gas and moisture barrier segment held the highest market share in 2020, accounting for more than a quarter of the global construction film market
OREGON, PORTLAND, USA, Oct. 17, 2022 /EINPresswire.com/ — Growth in the construction industry in developing countries, increased construction activity and increased government projects are driving growth of the global construction film market. However, the use of non-biodegradable plastic is hampering the growth of the market. On the other hand, the increase in demand from the automotive industry presents new opportunities in the coming years.
A complete and extensive assessment of the aspects driving and restraining market growth is also provided throughout the study. This detailed exploration of the market size and its appropriate segmentation helps market players to define the predominant opportunities looming.
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The global construction film industry generated $8.0 billion in 2020 and is expected to generate $14.6 billion by 2030, growing at a CAGR of 6.3% from 2021 to 2030.
The report helps clients understand the first-hand knowledge of the global market while providing a comprehensive understanding of the regional level analysis of each segment. At the same time, the study contains detailed information about the leaders active in the industry along with their financial program, segment profits, company trends, service/product offerings and major schemes adopted. .
The Construction Films market report keeps a perfect eye on the market share of several companies, recent market trends, revenue forecasts and new product launches in the market. The report includes company profiles that delineate the revenue share of major competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries in Asia-Pacific, LAMEA. North America and Europe.
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The gas and moisture barrier segment held the highest market share in 2020, accounting for more than a quarter of the global construction film market, and is expected to maintain its leading status throughout the forecast period. forecast. Moreover, the same segment is expected to show the highest CAGR of 6.3% from 2021 to 2030.
Construction Film Companies Covered Market: – Berry Global, Eastman Chemical Company, EI du Pont de Nemours, Mitsubishi Chemical Corporation, Mondi, Raven Industries, Inc. and others.
The residential segment accounted for the largest share in 2020, contributing more than a third of the global construction films market, and is expected to maintain its leading position during the forecast period. Moreover, the same segment is expected to exhibit the highest CAGR of 7.4% from 2021 to 2030, due to the increasing number of residential construction projects across the world due to population growth.
Analysis of the impact of COVID-19:
The outbreak of the pandemic had a massive impact on the majority of industries and the construction films market was also no exception in this regard. The report provides a detailed study on the micro and macro-economic impact during the pandemic. Furthermore, it emphasizes the direct impact of the COVID-19 pandemic on the Construction Films market in the form of a qualitative study. The report offers explicit details on market scope and shares during this unprecedented time. At the same time, major strategies adopted by market players to combat the global crisis are also covered in the report. Last but not least, the report highlights how the pandemic has distorted the market supply chain and also takes into account a post-COVID-19 analysis.
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