Global Construction Plastics Market Size, Forecasts, And Opportunities – Including Bioplastics Manufacturing
Learn about the global construction plastics market through The Business Research Company, which provides information on construction plastics market size, construction plastics market drivers and restraints, construction plastics market players, the COVID-19 impact on the construction plastics market, and more.
The global construction plastics market size is expected to grow from $88.72 billion in 2021 to $94.42 billion in 2022 at a compound annual growth rate (CAGR) of 6.43%. The global construction plastic market size is expected to grow to $124.38 billion in 2026 at a CAGR of 7.13%.
An increase in the building and construction industry and infrastructural standards is one of the major factors driving the growth of the construction plastic market.
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The construction plastics market consists of sales of construction plastics and related products by entities (organizations, sole proprietors, partnerships) that are used in pipes and fittings, flooring, window, door profiles, and roof membranes. Construction plastics are described as plastic polymer that has been chemically processed to produce desired construction goods. Due to their greater cost-effectiveness, weight-to-strength ratio, and ease of application, plastics are progressively displacing traditional construction materials.
Global Construction Plastics Market Segments Include:
By Type: Polyethylene, Polypropylene, Polyvinyl Chloride
By Application: Insulation Materials, Pipes, Windows and Doors
By End-User: Non-Residential, Residential
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the construction plastics market in 2021.
The increasing preference for recycled plastics is a growing trend in the market. The world population is increasingly becoming aware of the adverse impact of plastic materials on the environment. This has led to a rapid increase in demand for use of recycled eco-friendly plastics: bioplastics that are manufactured from polymer resins derived from plants and plastics that can be decomposed with the help of bacteria.
Major Market Players: BASF SE, Asahi Kasei Corporation, DowDuPont, LyondellBasell Industries Holdings B.V., Borealis AG, Solvay S.A, Saudi Basic Industries Corporation, Berry Plastics Corporation, Total S.A., Excelite, Ach Foam Technologies, Aep Industries Inc, Chevron Phillips Chemical Company Llc, China Petrochemical Corporation, Engineered Profiles Llc, Formosa Plastics Corporation, and Saint-gobain S.A.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Construction Plastics Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides construction plastics market overviews, analyzes and forecasts market size, share, construction plastics market players, construction plastics market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s construction plastics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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