Global Construction Plastics Market Is Expected To Reach $168.46 Billion By 2032

02-May-2024 | Zion Market Research

Zion Market Research has published a new report titled “Construction Plastics Market by Type (Expanded Polystyrene, Polyethylene, Polypropylene, Polyvinyl Chloride, and Others) and by Application (Pipes, Flooring, Windows & Doors, Insulation Materials, and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024–2032”. According to the report, the global construction plastics market was valued at USD 104.94 billion in 2023 and is predicted to grow to around USD 168.46 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.40% between 2024 and 2032.

Construction Plastics Market Size

Plastic is a reliable, safe, lightweight, and cheap material for the construction industry. Plastic is a suitable material for thermal insulation of buildings. Currently, plastics are widely used in various residential and non-residential constructions applications. The global construction plastics market is projected to grow rapidly in the years ahead, owing to the growing residential and non-residential construction globally and the rising demand for construction plastics in different applications, such as cladding panels, window and skylight, translucent walls and signage, roof domes and louvers, security glazing, and roofing.

Additionally, the lightweight property of construction plastics has driven its demand in several construction applications. However, the fluctuating prices of raw materials may hamper the construction plastics market growth globally in the future. Alternatively, the surging demand for green building is expected to create several growth opportunities for the construction plastics market in the upcoming years.

Browse the full “Construction Plastics Market by Type (Expanded Polystyrene, Polyethylene, Polypropylene, Polyvinyl Chloride, and Others) and by Application (Pipes, Flooring, Windows & Doors, Insulation Materials, and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024–2032?” Report at https://www.zionmarketresearch.com/report/construction-plastics-market

Global Construction Plastics Market

The global construction plastics market is divided based on type and application. Based on type, the global construction plastics market includes polyethylene, expanded polystyrene, polypropylene, polyvinyl chloride, and others. The expanded polystyrene segment is expected to grow notably in the future, owing to its rising application in flooring and siding. The polyvinyl chloride segment dominated the global construction plastics market and is anticipated to maintain its dominance throughout the forecast time period as well.

Due to the versatile properties of polyvinyl chloride like insulation, thermal conductivity, durability, scratches resistance, and flexibility, it is widely used in manufacturing pipes. Based on application, the global construction plastics market includes pipes, flooring, windows and doors, insulation materials, and others. Pipes are projected to hold the largest market share in the future, followed by insulation materials. The rising construction activities globally and rapid urbanization are estimated to propel this segment’s growth in the years ahead.

By region, the Asia Pacific construction plastics market is expected to grow rapidly in the future, owing to the increasing construction activities in the developing countries, such as India and China, supportive government policies, economical labor cost, and the availability of natural resources. The North American construction plastics market is expected to grow significantly in the upcoming years, due to the rising residential construction activities in the U.S. and Canada and the rising demand for green building across the region.

Construction Plastics Market: Competitive Space

The global construction plastics market profiles key players such as:

  • Formosa Plastic Group
  • Borealis AG
  • Asahi Kasei Corporation
  • Arkema SA
  • The Dow Chemical Company
  • PetroChina Co. Ltd
  • Lanxess
  • BASF SE
  • Chevron Phillips Chemical Company
  • E. I. du Pont de Nemours and Company
  • Reliance Industries Limited
  • SABIC
  • Solvay SA

The report segments the global construction plastics market into:

Global Construction Plastics Market: Type Analysis

  • Expanded Polystyrene (EPS)
  • Polyethylene 
  • Polypropylene 
  • Polyvinyl Chloride (PVC) 
  • Others

Global Construction Plastics Market: Application Analysis

  • Pipes 
  • Flooring
  • Windows and Doors
  • Insulation Materials
  • Others

Global Construction Plastics Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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