Building and Construction Plastics Market Research and Development Growth: 2023, Segmentation and Geographical Analysis | Arkema SA, Asahi Kasei Corporation

The Building and Construction Plastics Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Building and construction plastics are used in various applications such as insulation materials, windows, pipes, doors, cement mixes, adhesives, and others. Plastics offer cost-effectiveness, durability, and easy installation in the construction sector.

Market Dynamics:

Increasing demand for innovative and durable construction materials as well as growth in residential and commercial construction activities are some of the major drivers propelling the growth of the building and construction plastics market. Plastics significantly reduce construction waste and provide environmental benefits such as lightweight structures, energy efficiency, and sustainability. Additionally, rising investments in infrastructure development projects especially in emerging countries is further fueling the market growth. Changing consumer preferences towards sustainable and eco-friendly construction materials along with growing use of recycled plastics to reduce carbon footprint will continue to offer lucrative opportunities for market players over the forecast period.

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Top Companies Covered In This Report:

★ Arkema SA
★ Asahi Kasei Corporation
★ BASF SE
★ Borelis AG
★ The Dow Chemical Company
★ E.I. Du Pont De Nemours and Company
★ Formosa Plastic Group
★ PetroChina Co. Ltd.
★ Reliance Co. Ltd.
★ Solvay SA

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

By Product Type:

★ Polyvinyl Chloride (PVC)
★ Polystyrene (PS)
★ Polyurethane (PU)
★ Thermoplastic Elastomer (TPE)
★ Acrylics, Composite Materials
★ Others

By Applications:

★ Pipe & Ducts
★ Door Fittings
★ Insulation
★ Others

Key Region/Countries are Classified as Follows:

◘ 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)

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Building and Construction Plastics Market

Increasing Demand for Thermal Insulation Properties in Construction Activities Driving Market Growth

Plastics have excellent thermal insulation properties which help conserve energy. With rising energy costs and focus on reducing carbon footprint of buildings, there is increasing demand for construction materials that provide good thermal insulation. Plastics like expanded polystyrene foam, extruded polystyrene foam, phenolic foams etc. provideeffective thermal insulation and are widely used in walls, roofs, doors and windows of buildings for insulation. Their Light weight also eases transportation and installation at construction sites. Due to environmental regulations favoring energy efficient materials, use of plastic insulation materials in construction is expected to grow significantly over the coming years.

Potential Threat of Stringent Environmental Regulations on Certain Plastic Materials

Many countries have imposed regulations restricting the use of certain plastic materials like PVC and polystyrene due to environmental concerns over their production and disposal. PVC releases dioxins during production and burning, while polystyrene produces styrene emissions. There are also issues with recycling of some plastic construction wastes. Builders and contractors need to ensure use of plastic materials meets all environmental standards to avoid legal penalties. Recent moves towards banning certain single use plastic products also pose a threat if extended to some construction plastic applications in future. This regulatory uncertainty and compliance burden act as a restrain to faster growth of plastics market in construction.

Vast Opportunities for Bioplastics in Construction Market

Bioplastics are plastics derived from renewable biomass sources like vegetable fats and oils, corn starch, straw, woodchips etc. rather than fossil fuels. They include polylactic acid (PLA), biopolyethylene (Bio-PE), bio-polyethylene terephthalate (Bio-PET), etc. Bioplastics address both sustainability concerns in construction as well as issues with disposal and recycling of conventional plastics. They help qualify for green building certifications and points. Bioplastic manufacturers are developing new applications in insulation, roofing, carpeting etc. Growing environmental awareness and acceptance of 'green building' standards present a major market opportunity for bioplastics in construction over the coming decade.

Increasing Adoption of Plastics in 3D Construction Printing

3D printing or additive manufacturing is gaining popularity in construction applications to fabricate houses and building components with minimal waste. Cement and plastic composite materials are being developed that can be efficiently 3D printed into strong, durable structural parts. Large scale 3D construction printers are also emerging. Plastics lend themselves well to 3D printing technology due to viscous, melt-able and soluble properties. Global construction 3D printing market is predicted grow at over 25% annually to 2025. More builders are exploring 3D printing to cut costs and build quickly. This emerging digital trend provides strong growth potential for specialized plastics used in 3D construction over the long term.

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Key Questions Answered in This Report on Building and Construction Plastics Market

• How much revenue will the global Building and Construction Plastics Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall global market?

• What are the indicators expected to drive the global Building and Construction Plastics Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Market to expand their geographical presence?

• What are the major advancements witnessed in the global Building and Construction Plastics Market?

• This report answers these questions and more about the global Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Building and Construction Plastics Market Insights

3.1 Market fragmentation
3.2 Market landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Building and Construction Plastics Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

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This release was published on openPR.