SAN FRANCISCO, Sept. 15, 2021 /PRNewswire/ — The global polyethylene vapor barrier films for under slab market size is expected to reach USD 2.18 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.9% from 2021 to 2028. Rising demand for green buildings is projected to fuel the growth of the market during the forecast period. Green buildings are gaining popularity over conventional ones in recent years. Efficient use of energy, water, and renewable energy, reduced operating costs, improved air quality, and reduced overall load on metal structures as compared to conventional buildings are fueling the demand for green buildings.
Key Insights & Findings:
- In terms of product, the linear low-density polyethylene segment accounted for the largest revenue share in 2020 and is expected to witness prominent growth over the forecast period
- The new construction application segment dominated the market and accounted for more than 70.0% of the revenue share in 2020
- In 2020, Asia Pacific accounted for the largest revenue share of more than 50.0%. The growing construction activities are expected to boost the demand for PE vapor barrier films for under slab in the region
- Various strategic initiatives were recorded over the past few years, which helped in boosting the growth of the market. For instance, in November 2020, INEOS Olefins & Polymers USA announced the acquisition of Sasol’s ownership of Gemini High-density Polyethylene (HDPE). Gemini, a startup founded in 2017, is a manufacturer of bimodal HDPE products. The proposed acquisition will allow INEOS Olefins & Polymers USA to further expand its reach in the specialty polyethylene market of pressure pipes and high molecular weight films
Read 102 page market research report, “Polyethylene Vapor Barrier Films For Under Slab Market Size, Share & Trends Analysis Report By Product (HDPE, LLDPE), By Application, By Thickness, By End-use, By Grade, By Region, And Segment Forecasts, 2021 – 2028“, by Grand View Research
Furthermore, the increasing influence of social factors, such as creating a sense of community, improving occupant health and well-being, and encouraging sustainable business practices, is propelling the growth of green buildings. In green building construction, polyethylene (PE) vapor barrier films play a significant role in making the building energy efficient. These films seal the roof against wind and moisture and prevent heat loss as well as improve the air quality by providing maximum protection against moisture, mold, and mildew growth.
Green buildings incorporate the use of eco-friendly and lightweight materials to maintain and improve the indoor air quality and efficiency of energy, water, and other resources. Since an ascending number of polyethylene vapor barrier films are being designed to be environment-friendly, their popularity is expected to increase over the forecast period and act as a driver for the market. The residential end-use segment is estimated to witness significant growth over the forecast period.
The residential construction sector is primarily driven by the growth in single-family housing units. According to the United States Census Bureau, 903,000 single-family homes and 352,000 multi-family units were completed in 2019. Factors such as population growth in major cities, low mortgage rates, and a rise in immigrant influx to major cities are propelling the demand for residential housing. In addition, the ongoing transition to a sustainable energy system, especially in North America and Europe, is fueling the demand for residential green buildings, further creating demand for polyethylene vapor barrier films for under slab applications.
Grand View Research has segmented the global polyethylene vapor barrier films for under slab market on the basis of product, thickness, grade, application, end-use and region:
- PE Vapor Barrier Films For Under Slab Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
- High-density polyethylene
- Linear Low-density Polyethylene
- Higher Alpha-olefin Linear Low-density Polyethylene (HAOLLDPE)
- Metallocene Linear Low-density Polyethylene (mLLDPE)
- PE Vapor Barrier Films For Under Slab Thickness Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
- 10-15 mil
- 15-20 mil
- Above 20
- PE Vapor Barrier Films For Under Slab Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
- Concrete
- Foundation
- PE Vapor Barrier Films For Under Slab Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
- New Construction
- Refurbishment
- PE Vapor Barrier Films For Under Slab End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
- Residential
- Single Family
- Multi-family
- Non-residential
- PE Vapor Barrier Films For Under Slab Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Middle East & Africa
- GCC Countries
- South Africa
List of Key Players of Polyethylene Vapor Barrier Films For Under Slab Market
- Exxon Mobil Corporation
- LyondellBasell Industries Holdings B.V.
- Repsol
- SABIC
- Dow Inc.
- Poly-America, L.P.
- A. Proctor Group Ltd.
- Reef Industries
- Layfield Group
- RKW Group. Ltd.
- W. R. Meadows, Inc.
- Cover-Tech Inc.
Browse through Grand View Research’s coverage of the Global Plastics, Polymers & Resins Industry:
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- Flexible Packaging Market – The global automotive relay market size was valued at USD 11.39 billion in 2016, growing at an estimated CAGR of 5.9% from 2017 to 2025, further the demand is expected to reach 5.17 billion units by 2025.
- Pouches Market – The global pouches market size was valued at USD 35.0 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2020 to 2027.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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