by Precedence Research a new report on building and construction plastic Market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future. The global building and construction plastic market size was valued at US$ 102.23 billion in 2020. The global building and construction plastic market is projected to reach US$ 209.68 billion by 2030, registering a compound annual growth rate (CAGR) of 7.5% during the forecast period from 2022 to 2030.
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Table of Contents
Crucial factors accountable for Building and Construction Plastic market growth are:
- Upsurge in residential and non-residential construction activities
- Increase in demand for plastics owing to low cost
- A lucrative physical properties such as high strength, easy to transport, and light in weight
- Significant growth in population
- A number of government initiatives to enhance building structures
- Rising trend of usage of recycled plastics in construction
Building and Construction Plastic Market Report Scope
| Report Coverage | Details |
| Market Size | USD 209.68 Billion by 2030 |
| Growth Rate | CAGR of 7.5% From 2021 to 2030 |
| Base year | 2020 |
| Forecast Period | 2021 to 2030 |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Segments Covered | Product Type, Application Type, Regional Outlook |
| By Product |
|
The global building and construction plastic market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2027. The report offers a detailed analysis and information as per building and construction plastic, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
Building and Construction Plastic Market Dynamics
Driver
Growth of the global building and construction plastic market is mainly driven by upsurge in residential and non-residential construction activities. For instance, according to the statistics Canada, total investment in building construction increased 5.9% to $18.6 billion in March, primarily led by the residential sector.
Restraint
There is rising trend of green buildings owing to its environmental, economic and social benefits. However, green building manufacturing prohibits use of PVC productsas they are non-biodegradable material and if burned, releases toxic fumes. For instance, PVC packaging has been restricted or banned in countries such as Canada, South Korea, Spain, and the Czech Republic. Hence, prohibition to use PVC products in green buildings may hamper growth of the market during the forecast period.
Opportunity
There is risingusage of recycled plastics in construction industry as recycling of plastics is helping to save energy and landfill space. In the construction sector, recycled plastics are being used to produce bricks, plastic lumber, roof tiles, and other useful elements for building. Hence, rising usage of recycled plastics significantly creates lucrative growth opportunities for the market growth during the forecast period.
Challenges
Weather ability of plastic building materials has been one of the key challenges to the global building and construction plastic market. For instance, exposure to the external environment may lead to degradation of plastic building materials and if not handled properly, it might cause significant economic loss.
Regional Snapshots
North America accounted the global building and construction plastic market in 2020 and projected to augment the market in the coming years due to rapid expansion of construction sector across the countries such as Canada and the U.S. In addition to this, ongoing trend of renovation of old buildings is projected to encourage market growth in these regions. Furthermore, increasing demand for commercial building and government investments across the public infrastructure expected to boost the demand in upcoming years.
Asia Pacific projected as the most opportunistic region during the forecast period. The growing population and rapid urbanization in the countries such as China and India has led to rise in infrastructure spending. Moreover, China is the major producer of polyurethanes and thermoplastics plastic materials.
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Some of the prominent players in the building and construction plastic market include:
- BASF SE
- DowDuPont Inc.
- Koninklijke DSM N.V
- Chevron Phillips Chemical Company, LLC
- LG Chem Ltd.
- LyondellBasell Industries Holdings B.V.
- INEOS Group Holdings S.A.
- LanxessAktiengesellschaft
- SABIC
- Solvay S.A.
Building and Construction Plastic Market Segmentation
By Product
- Polyvinyl Chloride
- Polystyrene
- Polyethylene
- Polyurethanes
- Others
By Application
- Roofing
- Polyvinyl Chloride
- Polyurethanes
- Others
- Insulation
- Polystyrene
- Polyurethanes
- Others
- Pipes & Ducts
- Polyvinyl Chloride
- Polystyrene
- Polyethylene
- Others
- Wall Coverings
- Polyvinyl Chloride
- Others
- Windows
- Polyvinyl Chloride
- Polyurethanes
- Others
- Others
- Polyvinyl Chloride
- Polystyrene
- Polyethylene
- Polyurethanes
- Others
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Key Questions are
- What are the key factors influencing the building and construction plastic market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2030?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2030?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Research Objectives and Research Approach
The comprehensive report on the global building and construction plastic market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global building and construction plastic market.
It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global building and construction plastic market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2027 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.
Why should you invest in this report?
If you are aiming to enter the global building and construction plastic market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for building and construction plastic are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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