The global building & construction plastics market size is anticipated to around USD 182 billion by 2026, this market is anticipated to grow with 7.4% CAGR during the forecast time period.
Rising populace and growing urbanization across the globe have been providing a fillip to the building & construction plastics market. Also, numerous government initiatives to advance building structures are expected to boost the development of the building & construction plastics market
Rising need for cable ties, plastic rivets, and grommets due to their light weight and corrosion resistance property is anticipated to drive building & construction plastics market growth.
The market is extremely fragmented with the occurrence of many small and medium producers. The market players are anticipated to compete based on geographical development, quality, price, design and product. These parameters are also expected to ascend the competitive rivalry among the companies over the next nine years.
BASF SE, the Dow Chemical Company, Borealis AG, DuPont,Trinseo, and Solvay SA, and are a few of the main players in the worldwide market. These players are associated with the generation of plastics for various applications in the infrastructure sector. Organizations associated with the assembling of product for the infrastructure sector are highly combined across the value chain and carry out operations beginning from production to sales and distribution of the products to numerous locations.
Costs of raw materials, for example, ethylene, propylene, and styrene are exceptionally subject to crude oil costs, which are unpredictable in nature. Plastic assembling utilizes 4.0% of crude oil, along these lines, unpredictable costs are foreseen to frustrate the development of the market over the forecast period.
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Market By Geography
Asia Pacific was the main contributing in 2017. It is probably going to watch increment in infrastructure spending over the coming a very long time by virtue of quick urbanization and developing populace. The administration undertaking and infrastructure market in the locale is required to ascend by roughly 7% to 8% consistently throughout the following decade and reach over USD 5,300.0 billion towards the finish of the forecast period.
North America is one of the key markets for building and development plastics. Growing development division in nations, for example, the U.S. furthermore, Canada is evaluated to move the market. Rising need for redesign of old structures is foreseen to animate the development of the area amid the estimate during the coming years. Besides, industry exchange bunches from North America, for example, the Plastics Industry Association and National Association of Plastic Industries (ANIPAC) are attempted activities to help the development and improvement of plastics and its end applications.
Market companies are concentrating on implementing new strategies for instance regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share. The major players associated with thebuilding & construction plastics areThe Dow Chemical, Borealis AG, BASF SE, DuPont, Trinseo, and Solvay SA.
The global recycled glass market value is expected to reach around 5,723.6 million by 2026 and will grow at a CAGR of 6.0% over forecast period 2019 to 2026. Recycled glass refers to the reusing glass objects, which are preferably used for making virgin glass. The recycling of glass is a cost-effective process of virgin glass production, because it conserves natural resources, saves energy and simple to recycl
The global electric vehicle polymers market size is expected to reach around 159 billion by 2026 growing at a CAGR of around 64.9% over forecast period 2019 to 2026. Electric Vehicle Polymers refers to the polymers used in electric cars for the increasing the efficiency of the vehicle by reducing the weight of the vehicle. Polymers resemble the characteristics of metals such as better flame retardancy, toughne
The global recycled elastomers market size is expected to reach around US$ 6.8 billion by 2026 and growing at a CAGR of above 11.9% over forecast period 2019 to 2026. Elastomer materials are made of polymer materials that are joined by chemical bonds and have high elongation and flexibility properties that increase its applicability in various industries. Elastomers rubber compound
The global recycled thermoplastic market in 2018 was above US$ 50 Bn and is expected to grow more than US$ 103 Bn by 2026. The market is expected to register a CAGR of above 9% from 2019-2026. Thermoplastic polymer has properties such as high-impact strength and heat-resistance and when mixed with the compounded thermoplastic polymer matrix it gives more high performance such as im
The global beverage container market size is expected to reach around US$ 251 billion by 2026 and growing at noteworthy CAGR around 4.2 % throughout the forecast period 2019 to 2026. Beverage container refers to the packaging of beverages with jars & bottles, cartons, pouches, bags-in-boxes or cans. These containers are manufactured from the paperboard, plastics, glass or metals, and also from
The global cinnamaldehyde market is expected to grow at a CAGR of around 6.0% during the forecast period 2019 - 2026 and reach the market value of over US$ 330 Mn by 2026. Cinnamaldehyde is also known as 3-phenyl-2-propenal, cinnamic, phenylalacrolein, cinnamal, cinnamyl aldehyde, and trans-cinnamaldehyde. It is a yellowish oily liquid with a sweet taste and a cinnamon smell that is liable for the