Category : Chemicals and Materials | Published at : July-2020 | Delivery Format : PDF | Status: Published | Pages : 190
The global building and construction plastics market is anticipated to grow at a CAGR of around 7.5% during the forecast period 2020 to 2027 and to reach around US$ 205.8 Bn by 2027.
Market Dynamics
Increasing investment in construction sector, rapid industrialization in developing countries is resulting in construction and reconstruction activities further increasing demand for plastic products for roofing, insulation, etc. this are some major factors expected to drive the growth of global market. According to India Brand Equity Foundation in 2018, the Asian Infrastructure Investment Bank (AIIB) has announced US$ 200 million investment into the National Investment & Infrastructure Fund (NIIF).
In addition, players are investing high for R&D activities for introduction of innovative product/material that aid in lowering the operation and production cost this is another important factor expected to further support the growth of target market.
Major players focus on increasing the production capacity in order to cater the ongoing demand along with approach towards business expansion is another factor expected to further support the growth of target market.
- In 2018, BASF increased the production of Neopor a graphite polystyrene (GPS) rigid foam insulation at its Germany, and Ulsan, Korea production sites. This is expected to help the company to cater the ongoing demand and increase the revenue share.
- In 2017, LyondellBasell a major manufacturer of plastics, chemicals and refining products opened a Hyperzone Polyethylene (PE) plant in US with the production capacity of 500,000 metric tons of High Density Polyethylene (HDPE) annually. This is expected to help the company to increase the revenue share.
In addition, major players are investing high for product development activities, coupled with introduction of new products is expected to further support the growth of target market.
- In 2017, BASF launched new product Ultradur composed of PVC for the building & construction industry. This is expected to help the company to enhance the customer base.
However, factors such as fluctuation in raw material prices and stringent government environmental regulation are expected to hamper the growth of global building and construction plastics market. In addition, prohibition of PVC products in green building is another important factor expected to challenge the growth of target market.
High investment in construction sector, coupled with increasing construction and reconstruction activities in Asia Pacific region is expected to create new opportunities for players operating in the target market over the forecast period. In addition, instruction of bio-based plastic products is expected o further support the revenue growth of target market.
Building and Construction Plastics Market Segment Analysis, 2019
The global building and construction plastics market is segmented into product and application. The product segment is further bifurcated into polyvinyl chloride, polystyrene, polyethylene, polyurethanes, and others. Among application insulation is expected to account for significant revenue share in the global market.
Segment Analysis by Region
The market in North America is expected to account for significant revenue share owing to increasing residential construction and reconstruction activities. In addition, presence of major players operating in the country and innovative product offerings in order to attract new customers is another factor expected to further support the growth of target market.
Asia Pacific is expected to witness faster growth in the near future owing to high commercial and industrial construction activities in the region. In addition, player focus on business expansion through strategic merger and acquisition in order to enhance the customer base and enhance the revenue share is another important factor expected to further support the growth of target market.
Competitive Landscape
The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Report coverage
|
Market |
Global Building and Construction Plastics Market |
|
Analysis Period |
2016 – 2027 |
|
Base Year |
2019 |
|
Forecast Data |
2020 – 2027 |
|
Market Stratification |
Product, Application and Geography |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
|
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
The market research study on “Building and Construction Plastics Market (Product: Polyvinyl Chloride, Polystyrene, Polyethylene, Polyurethanes, and Others; Application: Roofing, Insulation, Pipes & Ducts, Wall Coverings, Windows, and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global building and construction plastics market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global building and construction plastics market segment by product, application and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global building and construction plastics market size and segment markets by product, application and geography along with the information on companies operating in the market. The building and construction plastics market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of the report. The players profiled in the report BASF SE, Dow Chemical Company, PetroChina Ltd, Solvay SA, Borealis AG, Arkema SA, Dupont, B&F Plastics, Andresen Windows, Cork Plastics, and Deceuninck.
Market Segmentation
Market By Product
- Polyvinyl Chloride
- Polystyrene
- Polyethylene
- Polyurethanes
- Others
Market By Application
- Roofing
- Insulation
- Pipes & Ducts
- Wall Coverings
- Windows
- Others
Market By Region
North America
- US
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest if Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Meddle East & Africa
Frequently Asked Questions
Increasing investment in construction sector, rapid industrialization in developing countries is resulting in construction and reconstruction activities further increasing demand for plastic products for roofing, insulation, etc. this are some major factors expected to drive the growth of global market.
The building and construction plastics market value is anticipated to be worth around US$ 205.8 Bn in 2027.
The building and construction plastics market is anticipated to grow around 7.5% CAGR amid the forecast period 2020-2027.
The key players operating in building and construction plastics market such as BASF SE, Dow Chemical Company, PetroChina Ltd, Solvay SA, Borealis AG, Arkema SA, Dupont, B&F Plastics, Andresen Windows, Cork Plastics, and Deceuninck.
Asia Pacific is projected to be the fastest growing region in the global building and construction plastics market.
The report provides insights on global building and construction plastics market segment by product, application and major geographic regions.
The building and construction plastics market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
