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Sustainable development

Global Polyethylene Vapor Barrier Films for Under Slab Market Growth to Reach USD 2.18 Billion by 2028

Strategic Insights

— 2 min read

The global polyethylene vapor barrier films for under slab market is expected to experience significant growth, fueled by the increasing demand for green buildings and residential housing. According to Grand View Research, the market is anticipated to reach USD 2.18 billion by 2028, expanding at a compound annual growth rate (CAGR) of 5.9% from 2021 to 2028.

Key Takeaways:

  • The linear low-density polyethylene (LLDPE) segment dominated the market in 2020, accounting for the largest revenue share.
  • The new construction application segment accounted for more than 70% of the revenue share in 2020 and is expected to witness prominent growth over the forecast period.
  • Asia Pacific accounted for the largest revenue share of over 50% in 2020, driven by growing construction activities in the region.
  • The residential end-use segment is estimated to witness significant growth over the forecast period, driven by population growth, low mortgage rates, and a rise in immigrant influx to major cities.
  • Factors such as a transition to sustainable energy systems in North America and Europe are fueling demand for residential green buildings and, in turn, creating demand for polyethylene vapor barrier films for under slab applications.
  • Various strategic initiatives, including the acquisition of Sasol's ownership of Gemini High-density Polyethylene (HDPE), are boosting the growth of the market.
  • The residential construction sector is primarily driven by the growth in single-family housing units, with 903,000 single-family homes and 352,000 multi-family units completed in 2019.
  • The ongoing transition to sustainable energy systems, especially in North America and Europe, is fueling demand for residential green buildings, further creating demand for polyethylene vapor barrier films for under slab applications.
  • Grand View Research covers the global polyethylene vapor barrier films for under slab market based on product, thickness, grade, application, end-use, and region, providing comprehensive insights into the market's dynamics.

Statistics:

  • Global polyethylene vapor barrier films for under slab market size expected to reach USD 2.18 billion by 2028.
  • Market expected to expand at a CAGR of 5.9% from 2021 to 2028.
  • Linear low-density polyethylene (LLDPE) segment dominated the market in 2020, accounting for the largest revenue share.
  • New construction application segment accounted for more than 70% of the revenue share in 2020.
  • Asia Pacific accounted for the largest revenue share of over 50% in 2020.
  • Residential end-use segment estimated to witness significant growth over the forecast period.
  • 903,000 single-family homes and 352,000 multi-family units completed in 2019.
  • Demand for residential green buildings driven by population growth, low mortgage rates, and a rise in immigrant influx to major cities.

Sources:

  • Grand View Research, Inc.
  • United States Census Bureau
  • 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.

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