San Francisco, 27
September 2018: The Asia Pacific construction film market is anticipated to reach USD 29.1 billion by 2024,
according to a new report by Grand View Research, Inc. these films are
increasingly being preferred in residential and commercial sector owing to
their low maintenance and easy handling attributes.
Rapid urbanization,
rising safety concerns and changing lifestyles backed by increasing disposable
income in Asia Pacific economies have influenced consumption trends of
materials. This has led to increased application scope in fittings and
accessories for housing apartments.
Presence of enormous
consumer base for housing and low-cost labor backed by broadening of plastic
trade has created numerous opportunities for industry participants. The
increasing application scope of puncture & scratch resistance films in
green building practices has also led to their proliferation in environment
control events.
Vapor barriers accounted
for over 25% of the volume share in 2015. These barriers are rapidly gaining
popularity in tropical countries, with high precipitation level on account of
outstanding moisture & humidity control properties.
Access Research Report
of Asia Pacific
Construction Film Market @ www.grandviewresearch.com/industry-analysis/asia-pacific-construction-films-market
Further Key Findings from the Study Suggest:
· Asia Pacific construction films demand was
estimated at 11.58 million tons in 2015 and is projected to grow at a CAGR of
over 6% from 2016 to 2024
· Advancements in manufacturing processes and
technologies coupled with high quality plastic materials is expected to drive
the product demand in coming years
· Gas barriers segment value is projected to
grow at a steady pace, with a CAGR of over 7%, owing to expansion of delicate
operating areas such as manufacturing plants and laboratories
· Rising demand for better-quality crops has
created lucrative opportunities for greenhouse films market in India. India is
projected to grow at the highest CAGR of 8.7% as a result of government funds
being injected into construction sector to support economic growth
· Refurbishment and restoration account for
majority of the building activities in Japan due to the country’s
susceptibility to natural disasters. These activities will yield a positive
influence on industry growth in future
· Companies are involved in novel product
development with improved repulsive characteristics, which are ideal for modern
architectural applications
· Influential companies operating in this
market includeLaizhou Laixing, Qingdao KF, Arun Manufacturing, GECO Industrial
Co. Ltd., Asia Polymer Corp., Guangdong Jinbang Industry & Technology Co.
Ltd., Dow Polyurethane, Great Cosmo Industries, Climax Synthetic Pvt. Ltd., and
EP Industries Sdn Bhd.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has
segmented the Asia Pacific construction film market on the basis of application
and region:
Asia Pacific Construction Film Application Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
Vapor Barrier
·
Gas Barrier
·
Building Enclosure
·
Others
Asia Pacific Construction Film Region Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
China
·
India
·
Japan
·
Southeast Asia
Access Press Release of
Asia Pacific Construction Film Market@ www.grandviewresearch.com/press-release/asia-pacific-construction-films-market-analysis
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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