Building and Construction Plastic Market Expected to Reach USD 104,507 Million, Growing at a CAGR of 7.6%

Building and construction plastics play a vital role in creating stronger, lighter, and more sustainable infrastructure. Widely used for applications like roofing, insulation, waterproofing, and reinforcement, these materials are experiencing increased demand due to a surge in global construction projects. Their ability to enhance aesthetics at a low cost is expected to drive market growth.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗣𝗗𝗙 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆: https://www.alliedmarketresearch.com/request-sample/2504

According to a report by Allied Market Research, the global building and construction plastics market was valued at $57.9 billion in 2017 and is projected to reach $104.5 billion by 2025, growing at a CAGR of 7.6%. The thermoplastics segment accounted for over three-fourths of the market share in 2017 and is expected to see significant growth.

Despite their benefits, such as durability, cost-efficiency, and resistance to corrosion, some plastics face challenges like poor performance in extreme cold, UV exposure, and higher temperatures, which can hamper market growth. However, advancements in bio-based and biodegradable plastics, along with innovations in thermoplastics and thermosetting plastics for sanitary equipment, piping, and shuttering, present lucrative opportunities.

𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗘𝗻𝗾𝘂𝗶𝗿𝘆 https://www.alliedmarketresearch.com/purchase-enquiry/2504

Key Insights

Piping applications dominated in revenue in 2017 and are poised for strong growth.
Asia-Pacific led the market in 2017, with China holding the largest share; LAMEA is projected to grow at the highest CAGR.
The thermoplastics segment generated the highest revenue in 2017, with a CAGR of 7.7% forecasted.

Major players like DSM, BASF, DowDuPont, INEOS, LG Chem, and SABIC are driving innovation to meet rising demand and adapt to sustainable practices. Investments in interior design for residential and commercial spaces further bolster the market, while substitute materials like wood pose competitive challenges.

𝗙𝘂𝗹𝗹 𝗥𝗲𝗽𝗼𝗿𝘁 𝗪𝗶𝘁𝗵 𝗧𝗢𝗖: https://www.alliedmarketresearch.com/building-and-construction-plastics-market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry

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