The growing popularity of green buildings is expected to
LONDON, May 17, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the building films market, the rising popularity of green buildings is expected to drive the market growth in the future. Green buildings are buildings designed to reduce operating costs, help conserve natural resources, provide better energy efficiency and improve productivity. Green building construction has increased the use of building films in green building projects due to their high durability and low production costs. For example, according to the 2019 US Green Building Adoption Index, 13.8% of commercial office buildings in the United States are certified green, the highest number in the history of the index. Hence, the rising popularity of green buildings is driving the growth of the building films market.
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The global construction films market share is expected to increase from $15.5 billion in 2021 to $17 billion in 2022 at a compound annual growth rate (CAGR) of 9.7%. The growth of the global construction films market is expected to reach $21.75 billion in 2026 to 6.4% CAGR.
The advancement in construction film production provides an opportunity to expand the use of construction films in the construction industry. Major companies operating in the construction films sector are focusing on new technological solutions to improve the use and applications of construction films in buildings. For example, in 2019, CONDATO, a residential elevator supplier based in Sweden, upgraded Smart Window Film with the latest PDLC (Polymer Dispersed Liquid Crystal) technology. It offers 90% visible light transmission (VLT), which provides an extraordinary viewing experience. It also serves as an alternative to curtains, shades, blinds or privacy films, allowing residents to adjust the amount of light and solar heat entering the structure.
Major players in the construction films market are Raven Engineered Films, Saint-Gobain Performance Plastics, Berry Global Inc., Toray Industries Inc., Eastman Chemical Company, The RKW Group, Mitsubishi Chemical Corporation, Dupont Teijin Films, SKC, Siliconature Spa and Mondi plc.
The global construction films market analysis report is segmented by Type into LDPE & LLDPE, HDPE, PP, PVC, PVB, PET/BOPET, PA/BOPA; by application in protection and barrier, decorative; by end user industry in residential, commercial, industrial.
Asia Pacific was the greater region in the Construction Films Market in 2021. Regions covered in the Global Construction Films Market research report are Asia-Pacific, Western Europe, Eastern Europe, America North, South America, the Middle East and Africa.
Global Construction Films Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provide construction films market overviews, market analysis Building Films and forecast market size and growth for the overall market, Building Films Market segments and geographies, Building Films Market trends, Building Films Market drivers, Building Films Market Restraints construction films, revenue, profiles and market shares of the main competitors in the construction films market in more than 1000 industry reports, covering more than 2500 market segments and 60 geographies.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
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