Construction Plastics Market Size, Share Report, Analysis, Trends, Growth 2032

Construction Plastics Market

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

Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-4033 Published Date: May-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 104.94 Billion USD 168.46 Billion 5.40% 2023

Construction Plastics Market: Size

The global construction plastics market size was worth around 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.

Global Construction Plastics Market SizeRequest Free Sample

The study covers the key drivers and restraints of the construction plastics market. It also provides the impact of the market within the forecast period. Furthermore, the study also includes the opportunities accessible within the construction plastics market on a global level.

Construction Plastics Market: Overview

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, such as flooring, pipes, windows and doors, insulation materials, etc.

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.

In order to offer the users of this report, a comprehensive view of the construction plastics market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the construction plastics market has additionally been enclosed within the study. The study includes a market attractiveness analysis, wherein all the segments are benchmarked supported their market size, growth rate, and general attractiveness.

The study also includes the market share of the key participant’s operating in the construction plastics market across the globe. The report also covers the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations & joint ventures, and regional growth of the key players within the market on a regional basis.

Construction Plastics Market: Segmentation

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 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.

Moreover, PVC is less expensive as compared to other plastic materials. 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.

Construction Plastics Market : Report Scope

Report Attributes Report Details
Report Name Construction Plastics Market Research Report
Market Size in 2023 USD 104.94 Billion
Market Forecast in 2032 USD 168.46 Billion
Growth Rate CAGR of 5.40%
Number of Pages 215
Key Companies Covered 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, and Solvay SA
Segments Covered By Type, By Application and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Construction Plastics Market: Regional Analysis

The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

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
  • Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Construction plastics encompass an assortment of plastic materials that find diverse applications in the construction sector, including but not limited to building components, insulation, and piping. The aforementioned plastics provide several benefits, including longevity, low weight, resistance to moisture and corrosion, and straightforward installation.

The construction sector experiences a concurrent surge in demand for construction plastics, which find utility in a multitude of contexts including pipelines, insulation, and building materials. The implementation of infrastructure projects, particularly in developing economies, results in a surge in the need for construction polymers.

The global construction plastics market size was worth around USD 104.94 billion in 2023 and is predicted to grow to around USD 168.46 billion by 2032.

The global construction plastics market a compound annual growth rate (CAGR) of roughly 5.40% between 2024 and 2032.

The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

Some companies involved in the global construction plastics market are 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, and Solvay SA.

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