Booming Building And Construction Drives Expansion Of The Construction Plastics Market: Powering Innovation and Expansion in the Construction Plastics Market by 2025

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What Is the Expected CAGR for the Construction Plastics Market Through 2025?
The size of the construction plastics market has seen substantial expansion in the previous years. The market will surge from $109.15 billion in 2024 to hit $116.66 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.9%. The acceleration during the historical period is owing to amplified demand for refurbishment and maintenance of buildings, enhancement in construction and infrastructure projects, ballooning need for eco-friendly buildings and sustainability, stringent regulatory adherence, along with urbanization and population increment.

What's the Projected Size of the Global Construction Plastics Market by 2029?
In the coming years, the construction plastics market is anticipated to experience robust growth. The market will escalate to a worth of $166.79 billion in 2029, with a compound annual growth rate (CAGR) of 9.3%. Factors such as the rise in digital construction processes, circular economy practices, enhancements in construction safety norms, the burgeoning market growth, and the increased adaptation to modifying climate conditions contribute to the growth during the forecast period. Significant trends for this period comprise the usage of lightweight and durable plastic materials, thermoplastic roofing, incorporation of intelligent plastic materials with sensors and data connectivity, plastics for sound insulation, advanced solutions, and strategic partnerships.

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Top Growth Drivers in the Construction Plastics Industry: What's Accelerating the Market?
The escalation in the standards of building, construction, and infrastructure plays a key role in propelling the construction plastic market's expansion. Notable markets exhibiting substantial construction activity encompass China, Brazil, India, Saudi Arabia, and Indonesia. Based on AECOM's predictions, the global construction market is slated to maintain its healthy growth curve, with an expected rise from $13.35 trillion in 2023 to $17.60 trillion by 2026, representing a compound annual growth rate (CAGR) of approximately 5.3%. In spite of general opposition to plastic utilization, the necessity for plastics in the construction sector persists undeterred, given their light weight, manageable handling, and minimal maintenance demands. Moreover, the global market has benefited immensely from the absence of high-quality plastic alternatives. Consequently, the accelerated enhancement in the building, construction, and infrastructure standards is predicted to drive the progression of the construction plastics market.

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What Trends Will Shape the Construction Plastics Market Through 2029 and Beyond?
The market is witnessing a growing trend towards the use of recycled plastics, powered by increasing global awareness about the destructive environmental impacts of plastic materials. This awareness is triggering rapid growth in demand for recycled eco-friendly plastics, such as bioplastics crafted from plant-derived polymer resins and bacteria-assisted decomposable plastics. As an example, in March 2023, BASF introduced its expanded IrgaCycle range of additive solutions, significantly boosting plastic recycling endeavors. This range offers specific additive solutions to enhance the standard of recycled materials, thereby facilitating substantial percentages of recycled content in sectors like construction, automotive and packaging. BASF remains at the forefront of sustainable material innovation, aiming to fulfill the growing appetite for recycled plastics. Furthermore, in February 2023, Kimberly-Clark India broadened its Project Ghar initiative, partnering with the Plastics for Change India Foundation to create sustainable homes for waste collectors.

What Are the Main Segments in the Construction Plastics Market?
The construction plastics market covered in this report is segmented -

1) By Type: Polyethylene, Polypropylene, Polyvinyl Chloride
2) By Application: Insulation Materials, Pipes, Windows & Doors
3) By End-User: Non-Residential, Residential

Subsegments:
1) By Polyethylene: Low-Density Polyethylene (LDPE), Linear Low-Density Polyethylene (LLDPE), High-Density Polyethylene (HDPE), Cross-Linked Polyethylene (PEX)
2) By Polypropylene: Homopolymer Polypropylene, Copolymer Polypropylene (Block and Random Copolymer), Biaxially Oriented Polypropylene (BOPP)
3) By Polyvinyl Chloride (PVC): Rigid PVC, Flexible PVC, PVC Blends and Composites

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Which Top Companies are Driving Growth in the Construction Plastics Market?
Major companies operating in the construction plastics market include BASF SE, Asahi Kasei Corporation, Dow Inc., LyondellBasell Industries Holdings B.V., Borealis AG, Solvay SA, Saudi Basic Industries Corporation, Berry Plastics Corporation, TotalEnergies SE, Excelite Alliance Private Ltd., Ach Foam Technologies LLC, Chevron Phillips Chemical Company LLC, China Petrochemical Corporation, Engineered Profiles LLC, Formosa Plastics Corporation, Saint-gobain SA, Exxon Mobil Corporation, LG Chem Ltd., Braskem SA, Arkema SA, Covestro AG, Mitsubishi Chemical Corporation, Sumitomo Chemical Co Ltd., Eastman Chemical Company, Shin-Etsu Chemical Co Ltd., Geberit AG, Uponor Corporation, Wavin B.V., Pipelife International GmbH, REHAU AG + Co

Which Regions Will Dominate the Construction Plastics Market Through 2029?
Asia-Pacific was the largest region in the construction plastics market in 2024. The regions covered in the construction plastics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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