Construction Plastics Market is expected to reach $128.73 Billion by 2028: COVID Impact, Trends, and Forecast

Evolve Business Intelligence, today has published a new market research report on the global Construction Plastics market. According to the published study, “The global Construction Plastics market size is expected to reach $128.73 Billion by 2028 growing at the CAGR of 6.5% from 2021 to 2028.”

For more information on the report: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=005666

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the construction plastics market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

In terms of COVID 19 impact, the Construction plastics market report also includes the following data points:
• COVID19 Impact on Construction plastics market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in the Construction plastics market

Analyst View
According to Lekha, Principal Analyst, Evolve Business Intelligence, “The global COVID-19 pandemic interrupted manufacturing activities around the globe, which had a negative impact on demand for plastics as well as their production and processing. This had most critically impacted end-use segments of the plastics industry include automotive & transportation, consumer goods, industrial equipment, construction, and electronics. the construction sector had been interrupted in their operation this had reduced the demand for construction plastic market”

Competitive Scenario
Some of the major Construction plastics players holding high market share include Asahi Kasei Corporation, Borealis, Solvay, and Sigma Plastics Group. These players use collaboration and expansion as a key strategy to gain significant market share to compete with market leaders

Segmental Analysis
The construction plastics market is analyzed across the below-mentioned segments:

• Plastic Type
o Expanded Polystyrene
o Polyethylene
o Polypropylene
o Polyvinyl Chloride
o Others

• Application
o Pipes
o Windows & Doors
o Insulation Materials
o Others

• End-User
o Non-Residential
o Residential
o Others

Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the Construction plastics market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.

The key players profiled in the report are:
• Dowdupont Inc
• Asahi Kasei Corporation
• Lyondellbasell Industries Holdings
• Excelite
• ACH Foam Technologies
• Borealis
• Solvay
• Berry Plastics Corporation
• Sigma Plastics Group
• Plazit Polygal Group

To request a free sample report: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=005666

Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trade maps, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants' financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.

Report Objectives
• To define, describe, and forecast the Construction plastics market, in terms of value, segmented based on indication, type, technology, and geography
• To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
• To provide detailed information regarding drivers, restraints, and opportunities, in the Construction plastics market
• To provide an overview of the value chain analysis about the Construction plastics industry
• To strategically analyze each segment and subsegment concerning individual overall growth trends and their contribution to the overall construction plastics market
• To analyze opportunities in the market by identifying high-growth segments of the Construction plastics market
• To profile key players in the Construction plastics market and comprehensively analyze their core competencies
• To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global Construction plastics market

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About EvolveBI
Evolve Business Intelligence is market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
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This release was published on openPR.