Press release
Building and Construction Plastic Market to Reach $104,507 Million in 2025: Profiled Players DSM, BASF, Chem Philips, DowDuPont Inc., INEOS Group Holdings S.A., Lanxess, LG Chem Ltd. and More
The demand for building and construction plastics is increasing due to rapid rise in investment in the residential and commercial infrastructure. In addition, major players are adopting various strategies such as product launches and acquisitions to stimulate the growth of the market. For instance, in November 2016, INEOS Olefins & Polymers USA acquired 100% shares of the WLP Holding Corp. Therefore, such developmental strategies are estimated to drive the growth of the global market. However, rise in ecological concerns and stringent laws by regulatory bodies regarding use of plastics are expected to restrain the growth of the global building and construction plastic market. On the contrary, technological improvements to produce eco-friendly and recycled plastics are anticipated to provide lucrative opportunities for the growth of the global market.
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The global building and construction plastic market is segmented based on type, application, and region. Based on type, the market is bifurcated into thermoplastic and thermosetting plastic. The thermoplastic segment is further categorized into polyethylene (PE), polyvinyl chloride (PVC), polystyrene (PS), polypropylene, polycarbonate, polymethyl methacrylate, and others. The thermosetting plastic segment is further divided into polyurethane and others, which include polyesters, epoxy resins, and phenolic resins. The thermoplastic segment is anticipated to dominate the global building and construction plastic market during the forecast period. By application, it is categorized into flooring, window & door panels, siding, piping, roofing, insulation, and others (weather boarding, paint, varnish, adhesives, and thin coverings). The flooring segment is further divided into wood plastic composite (WPC), luxury vinyl tile (LVT), stone plastic composite (SPC), and others. The others in the flooring segment include
fiberglass composite and bamboo composite tiles. The piping segment is projected to grow at a significant CAGR in the near future.
The global building and construction plastic market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific is expected to dominate the market during the forecast period.
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The key players profiled in this report include DSM, BASF, Chem Philips, DowDuPont Inc., INEOS Group Holdings S.A., Lanxess, LG Chem Ltd., LyondellBasell Industries Holdings B.V., SABIC, and Solvay.
Related Report:
World Building and Construction Light Equipment Market Research Report 2023 (covering USA, Europe, China, Japan, India, South East Asia and etc.)
Building and Construction Light Equipment market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.
The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading industry Players.
The Players mentioned in this report are Husqvarna, Bosch, Stanley Black & Decker, TTI, Hitachi Koki, DEWALT, Norton Clipper, Ryobi, QEP, Makita, LISSMAC Maschinenbau GmbH, Fairport Construction Equipment Ltd., MK Diamond Products, Multiquip, Dongcheng, KEN and Jiangsu Guoqiang Tools.
Read More: https://www.bigmarketresearch.com/world-building-and-construction-light-equipment-market-research-report-2023-covering-usa-europe-china-japan-india-south-east-asia-and-etc-market?utm_source=OPR&utm_medium=cc
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