-- The construction plastics market has been studied for Asia Pacific, Europe, North America, Middle East & Africa, and South America. The Asia Pacific construction plastics market is projected to grow at the highest CAGR, in terms of value, during the forecast period. The global construction plastics market is projected to witness significant growth during the forecast period.
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Report covers construction plastics market on the basis of plastic types, application,and region. This report aims at estimating the size and future growth potential of the construction plastics market across various segmentation types. The report also includes an in-depth competitive analysis of the key market players along with their profiles and key growth strategies.
The leading construction plastics manufacturers, globally, profiled in this report are DowDuPont (US), BASF SE (Germany), Asahi Kasei Corporation (Japan), LyondellBasell Industries Holdings B.V. (Netherlands), Borealis AG (Austria), Solvay S.A. (Belgium), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Berry Plastics Corporation (US), and Total S.A. (France).
The polyvinyl chloride plastics market is projected to grow at the highest CAGR during the forecast period. The growing demand for polyvinyl chloride is due to its properties and low cost. PVC is majorly used in the pipes application, which has a major market share in the construction plastics market. This factor is projected to drive the growth of the market for PVC.
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The construction plastics market is estimated to be USD 75.6 billion in 2018 and is projected to reach USD 105.7 billion by 2023, at a CAGR of 6.9%. The growth in consumption of lightweight materials, such as plastics is driving the demand for construction plastics.The low cost of plastics compared with other substitute materials is also a driving factor for the growth of construction plastics market.
Breakdown of primary interviews for the report on the construction plastics market
By Company Type Tier 1 70%, Tier 2 25%, and Tier 3 5%
By Designation - C-Level Executives 45%, Directors 35%, and Others 20%
By Region North America 17%, Europe- 42%, Asia Pacific 25%, South America- 8%, and Middle East & Africa 8%
Construction plastics market has been segmented into expanded polystyrene, polyethylene, polypropylene, polyvinyl chloride, and others (acrylic sheets, polycarbonate sheets, and reinforced plastics). Polyvinyl chloride is projected to be the largest segment of the market during the forecast period. Polyvinyl chloride is largely used in the pipes application, which has properties, such as thermal conductivity, insulation, scratch resistance, durability, design freedom, and flexibility, which is driving the PVC market. Moreover, cost of other materials is higher as compared with PVC.
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The report covers the construction plastics market on the basis of plastic types, application,and region. This report aims at estimating the size and future growth potential of the construction plastics market across various segmentation types. The report also includes an in-depth competitive analysis of the key market players along with their profiles and key growth strategies.
Construction Plastics Market, By Application
1 The Growing Demand for Lightweight Materials is Driving the Growth of Pipes Application.
2 New Constructions and Renovation Projects is Driving the Growth of Windows & Doors Application.
3 Thermal Resistance in Residential Sector to Increase the Growth of Insulation Materials Application.
4 Ease Installation of Plastics in Construction is Growing to Drive the Construction Plastics Market.
The pipes application is projected to grow at the highest CAGR between 2018 and 2023. This growth is mainly attributed to the properties of plastics, such as thermal conductivity, scratch resistance, durability, design freedom, flexibility, and insulation. Increasing demand for lightweight materials for use in the building & construction industry is driving the growth of the construction plastics market.
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