The global construction plastics market size was worth around USD 104.94 billion in 2023 and is predicted to grow to around USD 168.46 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.40% between 2024 and 2032.
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Plastic is a durable, safe, lightweight, and inexpensive material for the building sector. Plastic is an appropriate material for thermal insulation of structures. Plastics are being employed in a wide range of residential and non-residential construction applications, including flooring, pipelines, windows and doors, insulation materials, and so on.
The global construction plastics market is expected to expand rapidly in the coming years, driven by rising residential and non-residential construction worldwide, as well as rising demand for construction plastics in a variety of applications such as cladding panels, windows and skylights, translucent walls and signage, roof domes and louvers, security glazing, and roofing. Furthermore, the lightweight nature of building plastics has increased demand in a variety of construction applications.
However, fluctuating raw material prices may limit global building plastics market growth in the future. Alternatively, rising demand for green buildings is projected to open up a number of new growth prospects for the construction plastics industry in the future years.
A complete value chain analysis has been included in this study to provide consumers with a comprehensive understanding of the building plastics industry. To better understand the competitive landscape in the industry, the study includes an analysis of Porter’s Five Forces model for the construction plastics market. The study includes a market attractiveness analysis, in which all segments are benchmarked based on market size, growth rate, and overall attractiveness.
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The Global Construction Plastics Market is segmented based on product, application and region
Global Construction Plastics Market: Product Segment Analysis
● Expanded Polystyrene (EPS)
● Polyethylene
● Polypropylene
● Polyvinyl Chloride (PVC)
● Others
Global Construction Plastics Market: Application Segment Analysis
● Pipes
● Flooring
● Windows and Doors
● Insulation Materials
● Others
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The global Construction Plastics market profiles key players such as:
● Formosa Plastic Group
● Borealis AG
● Asahi Kasei Corporation
● Arkema SA
● The Dow Chemical Company
● PetroChina Co. Ltd
● Lanxess
● BASF SE
● Chevron Phillips Chemical Company
● E. I. du Pont de Nemours and Company
● Reliance Industries Limited
● SABIC
● Solvay SA
Construction Plastics Market: Regional Analysis
Europe, North America, Latin America, Asia Pacific, the Middle East, and Africa make up the regional classification.
The Asia Pacific construction plastics market is predicted to expand fast in the future, owing to increased building activity in developing nations such as India and China, favorable government regulations, low labor costs, and the availability of natural resources. The North American construction plastics market is predicted to grow significantly in the coming years, owing to increased residential construction activity in the United States and Canada, as well as rising demand for green building throughout the area.
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