Global Polyethylene Vapor Barrier Films For Under Slab Market by Product (LLDPE, HDPE) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

The market for polyethylene vapor barrier film under slab was worth USD 1.18 billion in 2020. It is projected to grow at a compound annual rate (CAGR of 5.9%) between 2021 and 2028. This market is being driven by the increasing construction activity. For under-slab applications, polyethylene (PE) is used to block water vapours from the ground beneath a building. These films are crucial in preventing moisture from forming below the flooring or foundation. This can cause mold and mildew to form and release airborne mold spores, which can cause serious respiratory problems and damage to building materials. To reduce the risks and prolong the life of buildings, polyethylene vapor barrier film has been used in construction. It is also being used under slabs and walls to protect floors, ceilings, floors and walls.

The rising population, growing urbanization rate and industrial growth has resulted in a greater need for infrastructure and construction development around the world, particularly in emerging regions like Asia Pacific, Central, South America and the Middle East. The growth of the Asia Pacific construction industry is being aided by countries like China, India, Japan, as well as other Southeast Asian nations such. These factors will drive the demand to manufacture PE vapor barrier film for use under slabs in the construction industry.

The growth of China's construction industry is likely to be fueled by rising infrastructure spending. According to the National Development and Reform Commission, China announced in January 2019 that it would invest USD 142 million in 26 infrastructure projects, including railway projects in Chengdu and Kunming, Chongqing and Zhengzhou.

According to the World Resources Institute, China is projected to invest USD 13 trillion by 2030 in construction activities. These steps by the Chinese government in order to increase the growth of the construction sector are expected to drive demand for polyethylene-vapor barrier films for sub slab applications during the forecast period.

Product Insights

The market leader was the linear low-density plasticethylene (LLDPE), which accounted for more than 64.0% of total revenue in 2020. This segment is expected to continue its lead in the future. The main factors driving the growth of the linear low density polyethylene segment are its low cost, durability and high puncture resistance.

Its excellent impact and puncture resistance is expected to drive its use in residential and nonresidential vapor barrier films applications. If the barrier will be exposed to heavy foot traffic and vehicles, high-density polyethylene is preferred. It is stronger and more resistant than other polyethylenes, which makes it ideal for under slab applications.

Thickness insights

The segment of 10-15 mil was the largest in 2020 and had a revenue share greater than 46.0%. It is expected to keep its lead throughout the forecast period. The polyethylene vapor barrier films of 10-15 mil are effective in most environments to prevent moisture and water vapour from entering the structure. This reduces the possibility of mold, mildew and fungus growth.

PE vapor barrier film thicknesses above 15 mil are preferred in extreme weather conditions or project locations that will be subject to high levels of moisture. Polyethylene vapor barrier film for under slab with a thickness of 20 mil offers superior performance to polyethylene vapor barriers films that are between 10-15 and 15 mil. These films are ideal for humid environments and offer greater tensile strength, puncture resistance and water vapor permeability than the 10-15 to 15-20 mil polyethylene-vapor barrier films.

Grade Insights

Concrete dominated the market, accounting for more than 67.0% of total revenue in 2020. The demand for polyethylene vapor barrier films has increased due to the increasing infrastructural developments in both residential and commercial areas. Concrete is prone to water vapors escaping through it, which can raise the slab's pH and alkalinity. Higher pH or alkalinity at slab to floor adhesive interfaces can affect the adhesion quality of expensive flooring systems. This is why PE vapor barrier film for concrete has become so popular.

Additionally, unprotected concrete slabs can be subject to vapor diffusion, which can lead to high relative humidity, mold and mildew and eventually, concrete slabs and their components. In recent years, polyethylene vapor barrier film has seen a rise in popularity for use under slab. The foundation (or basement), is an important part of infrastructure. It is susceptible to moisture seepages from concrete floors beneath. To prevent mold growth from occurring, foundation vapor proofing should be done. This can lead to respiratory problems such as asthma, pneumonia, and bronchitis.

Application Insights

New construction dominated the PE vapor barrier film for under slab market in 2020 and represented a greater than 70% of total revenue. The market is expected to be dominated by this segment over the forecast period. Because of their low moisture vapor permeability and high puncture resistance and high tensile strength, PE vapor barrier film for under slab applications is being highly preferred in new construction due to rising concerns about mold and fungus growth.

With favorable government policies for affordable housing, the population is expected to increase in urban areas. This will drive the demand for polyethylene-vapor barrier films for under slab applications. In April 2019, Atlanta Housing and Invest Atlanta announced a funding amount of USD 60,000,000 for affordable housing projects. The fund will create and preserve more that 2,000 affordable housing units in Atlanta. The Mayor of Atlanta also pledged USD 1.0 billion in housing investments to create and preserve 20,000 affordable housing units within Atlanta by 2026.

End-use Insights

Non-residential ended-use was the largest segment of the market, accounting for more than 67.0% of total revenue in 2020. This segment is expected to continue its lead in the future. Non-residential use includes the use of polyethylene vapor barrier film slabs for commercial and industrial buildings. Due to their gas and moisture migration resistance, puncture resistant, low water vapour permeance, and other benefits, PE vapor barrier film usage in commercial and industrial buildings is expected to increase over the forecast period.

Market growth is expected to be positive due to rapid urbanization and industrialization in developing countries, as well as the expansion of infrastructure and manufacturing sectors, which will be boosted by both private and public sector investments. The market growth is expected to be affected by the following factors: a slowdown in construction activity, restrictions in supply and transportation, and a shortage of labor caused by COVID-19.

Regional Insights

Asia Pacific was the dominant market, accounting for more than 50% of global revenue in 2020. China dominated the APAC market in 2020, both in terms of volume and revenue. The region's growing construction activity is expected to increase the demand for polyethylene-vapor barrier films for the under slab. Leading MNCs have made significant investments in the Asia Pacific industrial and manufacturing sector. Investors are attracted to the region by the availability of low-cost labor and proximity to raw material suppliers.

The region's market will be driven mainly by India and China over the forecast period. The region's growing industrial and manufacturing sectors is fueling its growth. This, in turn will generate demand for polyethylene-vapor barrier films for under slab. This, in turn, will drive market growth during the forecast period. COVID-19 is expected to negatively impact the Asia Pacific market's growth due to construction activity slowdown and restrictions on movement.

Market Share Insights & Key Companies

With the presence of key players and small and medium-sized regional and global players, the market is fragmented. To overcome this competitive environment, companies offer different products. A. Proctor Group Ltd., for example, offers Procheck 500, a strong reinforced plasticethylene vapor control film that has a high vapor resistance rating of 533MNs/g. Reef Industries offers Griffolyn, an internally reinforced polyethylene under slab barrier vapor retarders and bars that provides high puncture resistance, impact and tensile strengths.

Market growth has been driven by the rise in construction of family homes, as well as commercial and residential development. Polyethylene vapor barrier film prevents the transfer of soil and gases to the home. This can lead to floor damage and encourage the growth of mold, dirt, stains and odor which can pose serious health risks. These factors have increased demand for polyethylene-vapor barrier films under slab. The following are some of the major players in the global market for polyethylene vapor barriers films under slab:

• 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.

Up Market Research published a new report titled “Polyethylene Vapor Barrier Films For Under Slab Market research report which is segmented by Product (LLDPE, HDPE), By Players/Companies A Proctor Group Ltd, Reef Industries, W R Meadows Inc, LyondellBasell Industries Holdings BV, Exxon Mobil Corporation, Poly-America LP, Cover-Tech Inc, RKW Group Ltd, Layfield Group, Repsol, Dow Inc, SABIC”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Polyethylene Vapor Barrier Films For Under Slab Market Report Segments:

The market is segmented by Product (LLDPE, HDPE).

Polyethylene Vapor Barrier Films For Under Slab Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Polyethylene Vapor Barrier Films For Under Slab Market

Overview of the regional outlook of the Polyethylene Vapor Barrier Films For Under Slab Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Polyethylene Vapor Barrier Films For Under Slab Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Polyethylene Vapor Barrier Films For Under Slab Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. LLDPE

                2. HDPE

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Polyethylene Vapor Barrier Films For Under Slab Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Polyethylene Vapor Barrier Films For Under Slab Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.