Press release
Construction Plastics Market to Surpass 153.49 USD billion by 2029 | DowDuPont, BASF SE, Asahi Kasei Corporation, LyondellBasell Industries Holdings B.V
The global market for Construction Plastics estimated at 86.09 USD billion in 2022, is projected to reach a revised size of 153.49 USD billion by 2029 registering a compounded annual growth rate (CAGR) of 7% over the period 2023-2029.The latest report titled Construction Plastics Market contains wide-broadening quantifiable facts of the market and studies current industry circumstances on a large scale to offer the market consequences, market value, and growth valuation. The report includes skilful examination, data on the overall market, as well as constraints and headway purposes of the future along with a noteworthy perception of the improvement of the global Construction Plastics market.
The report describes the profile of the top manufacturers of the global Construction Plastics market. It also covers segments such as competitor segment, product type segment, end use/application segment, and geography segment. The authors of the report have examined market demand, turnover, production and growth potential, geographic analysis, as well as current market developments in various regions and countries.
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Driver:
Increasing Green Construction Promotional Efforts Building is a Major Source of Income Development Steering Element
During the forecast period, more efforts to encourage the construction of green buildings in order to avoid environmental degradation are anticipated to spur market development. The purpose of green structures is to make better use of resources like water, electricity, and materials. These also seek to lessen adverse environmental effects over the course of the building's complete existence. These long-lasting, low-maintenance structures ensure the long-term preservation of total structural and thermal efficiency. Additionally, they use less energy and emit fewer CO2 pollutants. Plastic materials are perfect for constructing green structures due to their strength, longevity, light weight, and ability to be recycled.
Restraint:
Concerns Associated with Use of Plastics is a Key Growth Restraining Factor
The second-largest user of plastics is thought to be the construction business, which accounts for 20% of all plastic garbage. During the projection period, serious issues related to the use of plastics are anticipated to impede market expansion. Plastic pollution is thought to cause 3% more global pollution on average each year. Use of some plastics is being regulated by demands related to cyclical economies and climate change prevention. Marine contamination is increasing as a result of the presence of micro- and nanoscale plastics in aquatic life worldwide.
Competitive Assessment:
The main research methodology applied here by the research team is data triangulation, which includes data mining, analysis of the impact of data variables on the market, and primary (industry experts) validation. This report helps to gather information about all the above factors by providing actionable market insights and comprehensive analysis. The Construction Plastics market report mainly focuses on important aspects of the market which include historical data, current market trends, environment, technological innovations, upcoming technologies, and technological advancement in the industry among others.
Leading market players in the Construction Plastics market is focusing on strategies such as expansion, new product launches, and acquisitions to gain large market share and enhance their global presence in the target market. Some Key Competitors of the Construction Plastics market is 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.
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.
Construction Plastics Market Segmentation:
Construction Plastics Market by Plastic Types, 2023-2029, (USD Million) (Kilotons)
Expanded Polystyrene
Polyethylene
Polypropylene
Polyvinyl Chloride
Construction Plastics Market by Application, 2023-2029, (USD Million) (Kilotons)
Insulation Materials
Windows & Doors
Pipes
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Regional Framework
The Construction Plastics Market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the years 2023-2029 with respect to five major regions. The market by each region is later sub-segmented by respective countries and segments. The Construction Plastics market report covers the analysis and forecast globally along with the current trend and opportunities prevailing in the region.
⇨ North America (United States, Canada, and Mexico)
⇨ Europe (Germany, France, UK, Russia, and Italy)
⇨ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
⇨ South America (Brazil, Argentina, Colombia, etc.)
⇨ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
This Report Also Includes:
» Construction Plastics Market Insights methodology
» Tactics and suggestions for new entrants
» Segmentation analysis
» Economic indices
» Companies' strategic developments
» Construction Plastics Market growth drivers and restraints
» Selected illustrations of the market penetrations and trends
Crucial insights in Construction Plastics research report:
Underlying macro- and microeconomic factors impacting the Sales of Construction Plastics.
Basic overview of the Construction Plastics, including market definition, classification, and applications.
Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend and supply side analysis of Construction Plastics across various industries.
Important regions and countries offering lucrative opportunities to market stakeholders.
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The Study Objectives are:
✔ An in-depth look at the key players in the Construction Plastics market, as well as the data that goes with them.
✔ It includes a product portfolio, annual revenue, research and development spending, geographic presence, recent key developments, and growth strategies.
✔ Regional analysis, which includes information on the dominant Construction Plastics market and its share of the market.
✔ It also includes various socioeconomic factors that influence the market's evolution in the region.
✔ The report provides a detailed look at various members of the value chain, including raw material suppliers, distributors, and stockholders.
Key questions answered in the report:
✦ What is the Construction Plastics market's growth potential?
✦ Which product category will be the most profitable?
✦ In the coming years, which regional market will emerge as a leader?
✦ Which application segment will continue to expand at a steady rate?
✦ What are the potential growth opportunities in the Construction Plastics Market in the coming years?
✦ What are the most significant challenges that the global Construction Plastics Markets may face in the future?
✦ What are the top companies in the global Construction Plastics market?
✦ What are the main trends that are positively impacting the market's growth?
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About Us
Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
About Us
Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
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