Building and construction plastics are the key factors that make the infrastructure stronger, lighter, and sustainable. These are used for various purposes such as roofing, insulation, waterproofing, reinforcement, and others.The global building and construction plastics market is driven by high durability, low cost, and non-corrosive property of these materials; changing lifestyles of the population; and rapid urbanization. However, inability of some building and construction plastics to withstand cold conditions, softening at higher temperatures, and weakening & formation of fading appearances due to exposure to UV rays hamper the market growth. Moreover, the toxic nature of such plastics, growing in environmental concerns, and stringent laws by regulatory bodies are the other detrimental factors for the market growth. Furthermore, technological advances such as use of thermoplastics and thermosetting plastics in sanitary equipment, piping, and shuttering along with applications of bio-based and biodegradable plastics present lucrative opportunities for the market players during the forecast period.
The flourishing construction industry in countries such as Brazil, India, and China is the chief driver of the global Building and construction plastics market. Rapid urbanization and changing lifestyles in developing economies are also leading to increased demand from the building and construction plastics market. However, the market is expected to suffer from reduced demand for many traditional plastics owing to growing environmental concerns. This factor, however, is expected to create new growth opportunities for the market in the form of biobased and biodegradable plastics.
According to this study, over the next five years the Building and Construction Plastics market will register a 5.4% CAGR in terms of revenue, the global market size will reach US$ 112600 million by 2024, from US$ 82300 million in 2019.
This report focuses on Building and construction plastics volume and value at global level, regional level and company level. From a global perspective, this report represents overall Building & Construction Plastics market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
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At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers Of Building and construction plastics are covered:
- The Dow Chemical Company
Building and construction plastics Segment by Regions
- North America
Building and construction plastics Segment by Type
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Polyurethanes (PU)
- Thermoplastics Elastomers (TPE)
- Composite Materials
Building and construction plastics Segment by Application
- Pipes & Ducts
- Door Fittings
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