Construction Plastics Market Worth 153.49 USD billion by 2029-end on the back of Extensive Usage Across the Construction Sector

Exactitude Consultancy Market Research analyses that the Construction Plastics Market will witness a CAGR of 7% for the forecast period of 2023-2029 and is likely 86.09 USD billion in 2022 to reach at 153.49 USD billion by 2029.

Plastics are used in the building and construction industry for various purposes, including window frames, insulation, and interior design. Plastics are suitable for various building and construction products due to their strength, lightweight, corrosion resistance, flexibility, and processability. Building and construction plastics make most safety products, including automatic firefighting systems, smoke detectors, and alarms. Polyvinyl chloride (PVC) is a popular polymer used in the building and construction industry and has excellent fire performance characteristics. Plastics require little maintenance and are not only simple to install and use. In addition, considering the malleability of plastics, the pipes can adapt to the shifting of the soil.

Request a Sample PDF Including Full TOC, a List of Tables & Figures, and a Chart:

https://exactitudeconsultancy.com/reports/7593/construction-plastics-market#request-a-sample

Construction Plastics Market Drivers

✦ Rise in Usage of Plastics in the Construction Industry is Expected to Propel the Market Growth

Plastics are used in construction industry due to their light weight, due to which it is easier to transport and handle the construction plastics. Construction plastics are resistant to rotting and corrosion, and are also weather resistant. Plastic can be flexible, easily extruded, moulded, and bent. Therefore, construction plastics are usually used in pipes, coverings, cables, panels, sheets, and films. The demand for plastics such as polyethylene terephthalate (PET), expanded polystyrene (EPS), and polyvinyl chloride (PVC), will rise with the growth of building and construction activities in emerging economies.

✦ Surge in Demand for Residential Construction is Driving the Market Growth

The residential construction segment is growing by increasing investments and funding in the residential construction. Construction plastics are utilized in residential construction industry as a protective material or as a barrier to sound, moisture, water, and in other applications. Globally, the rise in housing projects launched by the governments, is driving the residential construction segment growth.

Construction Plastics Market Challenges

✦ Environmental Effects of Construction Plastics Will Hamper the Market Growth

The most widely used plastics in construction sector are high density polyethylene (HDPE), expanded polystyrene (EPS), polyethylene terephthalate (PET), and polyvinyl chloride (PVC). Construction plastics are utilized for different applications such as seals, doors, pipes, windows, cables, insulation, and floor coverings. The main challenge of construction plastics is segregation, reuse, and recycle of plastic waste.

Prominent Key players of the Construction Plastics Market survey report:

Historical data available in the report elaborates on the development of the Construction Plastics on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market 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.

Recent Developments

October 2022- BASF and Hannong Chemicals intend to establish a production joint venture called "BASF Hannong Chemicals Solutions Ltd.", subject to approval from all necessary authorities. The proposed joint venture will have a 51% shareholding by BASF and a 49% shareholding by Hannong Chemicals.

October 2022- Dow Inc. claimed it would advance more quickly toward the sustainability targets the company established in 2020 by changing its Stop the Waste target into a Transform the Waste target. By 2030, Dow will transform plastic waste and alternative feedstock to commercialize 3 million metric tons of circular and renewable solutions annually. Dow will step up its efforts to stop waste by creating industrial ecosystems to collect, reuse, or recycle waste and expanding its portfolio to keep up with the rapidly growing demand.

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

The regional outlook by revenue covers the countries namely:

✦ North America (United States, Canada and Mexico)

✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

✦ South America (Brazil, Argentina, Colombia, and Rest of South America)

✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Read Full Report with TOC:

https://exactitudeconsultancy.com/reports/7593/construction-plastics-market?mode=P166

Key Features of the Construction Plastics Market Report: -

⇨  Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.

⇨  Examine the market opportunities for stakeholders by identifying higher growth sections.

⇨  To study and analyse the global Construction Plastics industry status and forecast including key regions.

⇨  An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

⇨  It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

⇨  It helps you make strategic business decisions and investment plans.

Competitive Landscape

Competition has been growing for the Construction Plastics industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.

Highlight the Following Key Factors:

► Business Description: a particular description of agency operations and enterprise departments.

► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.

► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.

► Company History: The development of predominant occasions associated to the company.

► Main merchandise and services: A listing of the company's fundamental products, services, and brands.

► Main Competitors: A listing of the company's fundamental competitors.

► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.

► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.

Table of Contents

Global Construction Plastics Market Research Report 2023-2029

1 Construction Plastics Market Overview

1.1 Product Overview and Scope of Construction Plastics

1.2 Construction Plastics Segment by Type (Product Category)

1.3 Global Construction Plastics market Segment by Application

1.4 Global Construction Plastics Market by Region (2023-2029)

1.4.1 Global Construction Plastics Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)

1.4.2 North America Status and Prospect (2023-2029

1.4.3 Europe Status and Prospect (2023-2029)

1.4.4 China Status and Prospect (2023-2029)

1.4.5 Japan Status and Prospect (2023-2029)

1.4.6 Southeast Asia Status and Prospect (2023-2029)

1.4.7 India Status and Prospect (2023-2029)

1.5 Global Market Size (Value) of Construction Plastics (2023-2029)

1.5.1 Global Construction Plastics Revenue Status and Outlook (2023-2029)

1.5.2 Global Construction Plastics Capacity, Production Status and Outlook (2023-2029)

…

Why Choose Construction Plastics Market Report?

✔ Unbiased conclusions and market insights

✔ 24×7 customer service available to address client queries

✔ Highly efficient and experienced team of analysts striving to create top-quality reports

✔ Our reports have facilitated the growth of over 500 companies

✔ The systematic and methodical market research process

Our Other Trending Articles

https://www.openpr.com/news/3197460/polyolefin-powder-market-size-to-surpass-usd-13-81-billion 

https://www.openpr.com/news/3197506/polyphenylene-market-size-will-be-expected-to-boom-usd-7-60 

https://www.openpr.com/news/3197536/polypropylene-market-is-set-to-reach-a-valuation-of-usd-121 

https://www.openpr.com/news/3197582/polyurethane-market-to-hit-usd-87-54-billion-at-a-cagr-of-5-3  

https://www.openpr.com/news/3197607/paper-dyes-market-to-hit-usd-1-47-billion-by-2029-at-a-cagr-4-2 

Thank you for your interest in the Construction Plastics Market research publications; you can also get individual chapters or regional/country report versions such as Germany, France, China, Latin America, GCC, North America, Europe or Asia.

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.

Contact us

for your special interest research needs at sales@exactitudeconsultancy.com and we will get in touch with you within 24hrs and help you find the market research report you need.

Contact: Irfan Tamboli

Phone Number: +91-7507-07-8687

Website: https://exactitudeconsultancy.com/

This release was published on openPR.