Press release
Construction Plastics Market Size Worth 153.49 USD billion by 2029, Industry Share, Price, Trends, Demands and Forecast 2029
Construction Plastics Market Overview:The global construction plastics market has been expanding as infrastructure standards have improved. Despite widespread condemnation of plastic use, the demand for plastics in the construction industry remains unabated. Furthermore, the global market is being driven by the lack of substitutes for high-quality plastics. Construction plastics are used for more than just pipes and furniture. On the contrary, these plastics are part of the entire construction cycle at a specific site.
The Global Construction Plastics Market was valued at 86.09 USD billion in 2020 and is expected to reach 153.49 USD billion by 2029, growing at a CAGR of 7.0%.
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The construction plastics market has developed significantly in the recent years. This can be primarily ascribed to the high performance and increasing recognition of recycled plastics across the globe. Construction plastics play an important role in addressing several issues associated with thermal conductivity, insulation, scratch resistance, durability, design freedom, and flexibility. Rise in usage of plastics in the construction industry is expected to propel the construction plastics market during the forecast period.
Construction Plastics Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are DowDuPont, BASF SE, Asahi Kasei Corporation, LyondellBasell Industries Holdings B.V., Borealis AG, Solvay S.A., Saudi Basic Industries Corporation (SABIC), Berry Plastics Corporation, Total S.A., Formosa Plastic Group and Others
Recent Developments
In May 2019, BASF has announced its plans to build engineering plastics compounding plant and thermoplastic polyurethane (TPU) plant at its proposed $10bn integrated chemical production (Verbund) site in Zhanjiang, China.
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Construction Plastics Market Segmentation:
Construction Plastics Market by Plastic Types, 2020-2029, (USD Million) (Kilotons)
Expanded Polystyrene
Polyethylene
Polypropylene
Polyvinyl Chloride
Construction Plastics Market by Application, 2020-2029, (USD Million) (Kilotons)
Insulation Materials
Windows & Doors
Pipes
Growth Factors:
Increasing demand from the Construction Plastics industries
The growing use of Construction Plastics in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Construction Plastics Market
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Construction Plastics Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Construction Plastics Market Trends
- The report identifies, determines, and forecasts the Global Construction Plastics Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Construction Plastics Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Construction Plastics Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Construction Plastics Market.
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