Low Maintenance & Easy handling to Remain a Prominent Factor Driving the GCC Building & Construction Plastic Market Through 2026

According to MarkNtel Advisors, the GCC Building & Construction Plastic Market is anticipated to grow at a CAGR of around 10.3% during 2021-26. The market growth principally attributes to the rapidly growing building & construction industry across the GCC countries entwined with the easy handling & low maintenance of plastics. These properties of plastics are constantly enhancing their popularity and are expected to surge their demand for building & construction activities across the GCC region in the forecast period.

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Market Report Coverage: GCC Building & Construction Plastic Market

Market Segmentation

1. By Type (Thermosets (Silicone, Polyurethane, Phenolic, Thermoplastics), Thermoplastics (Commodity Materials, Polyvinyl Chloride (PVC) and Chlorinated Polyvinyl Chloride (CPVC), Polypropylene (PP), Polystyrene (PS), Thermoplastic Olefin (TPO)), Engineering materials (Polyoxymethylene (POM) or Polyacetal, Polycarbonates (PC), Polyethylene Terephthalate (PET), Acrylonitrile Butadiene Styrene (ABS)), Others (Polyamides (nylon), Polyphenylene Ether (PPE)))
2. By Application (Cladding Panels, Insulation Materials, Worktops and Membranes, Windows & Doors, and Others (Shuttering, Wall Linings, Floor Covering, etc.))

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Country-wise Segmentation
● Saudi Arabia
● United Arab Emirates
● Bahrain
● Kuwait
● Oman
● Qatar

Key Growth Drivers
● Rising demand for lightweight & low-cost construction plastic materials
● Minimal maintenance and utmost strength & durability of plastics
● Growing plastic demand for its cost-effectiveness plastic for decorations, fire resistance, and cost-effectiveness
Market Challenges
● Rising concerns over the use of plastic waste and stringent environmental regulations laid across GCC
● Availability of substitutes like fiberglass & wood

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Market Competitors:
BASF SE, Dow Chemical, Qatar Plastic Products Company (QPPC), Saudi Arabia Basic Industries Corporation, ExxonMobil Chemicals, The Dow Chemical Company, LyondellBasell Industries (Lyondell Chemical CO.), Ineos Group AG, Arkema S.A., Harwal Group, and Al Barshaa Plastic Product Company LLC.

Key Questions Answered in this Report:
1. What are the current & future trends in the GCC Building & Construction Plastic Market?
2. What are the overall statistics or estimates (Overview, Size- by Value, Forecast Numbers, Segmentation, and Shares) of the GCC Building & Construction Plastic Market?
3. How has the industry been evolving in terms of geography & service adoption?
4. How has the competition been shaping across the GCC region, followed by their comparative factorial indexing?
5. What are the key growth drivers & challenges for the GCC Building & Construction Plastic Market?
6. What are the customer orientation, purchase behavior, and expectations from building & construction plastic providers across the GCC region?
7. What are the Country-wise industry size, growth drivers, and challenges?
8. What are the key innovations, opportunities, current & future trends, and regulations in the GCC Building & Construction Plastic Market?
9. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the GCC Building & Construction Plastic Market based on a competitive benchmarking matrix?
10. What are the key results derived from the surveys conducted during the GCC Building & Construction Plastic Market study?

MarkNtel Advisors
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Email: sales@marknteladvisors.com
Tel: +1 604 800 2671
Website: https://www.marknteladvisors.com

About us:
MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.