Market Research Future (MRFR) announces the publication of its research report Global Construction Plastics, 2023. Geographically, the global construction plastics market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The market in Asia-Pacific accounted for the largest market share of the construction plastics market in 2017 and is expected to showcase substantial growth during the review period. Most of the demand in the region is expected from countries like China, India, and Southeast Asian countries owing to the increasing investments in the construction sector. For instance, initiatives taken by the Indian government such as Smart Cities Mission, Green Corridor, the building of ports and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) for infrastructure development have led to a rapid increase in construction activities. In December 2016, the Thailand government approved around USD 25.2 billion for infrastructure plan for 2017, which includes railways, roads, and ports. Furthermore, the rise in commercial construction because of increasing construction of commercial buildings such as warehouses, departmental stores, malls, and hospitals, is also supporting the growth of the construction industry in the developing markets is expected to drive the demand for construction plastics.

North America is the second-largest market for construction plastics in terms of value and volume, the demand in the region can be attributed towards the reviving construction industry in the region. For instance, the U.S. construction revenue crossed the USD 1 trillion mark and is expected to reach USD 1.7 trillion by 2020. For the first time since 2007, the difference in GDP contribution from the construction sector with respect to the country’s economy is narrowing i.e., a considerable increase in the rate of construction, which is expected driver the demand for construction plastics

The demand in Europe is projected to grow at a moderate rate during the forecast period. However, the demand in the Eastern European countries is expected register considerable growth rates during the forecast period.

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Segmentation

The global construction plastics market has been segmented by type, application, and region.

Based on type, the market has been segmented into polyvinyl chloride (PVC), polyethylene, polypropylene, polyurethane, polycarbonate, polystyrene, and others. The polystyrene is further sub-segmented into expanded and extruded polystyrene.

Based on application, the market has been segmented into flooring, window, piping, ducts, insulation, roofing, walls, and others.

Key Players

Some of the key players in the global Construction Plastics are BASF SE (Germany), DowDuPont (US), PetroChina Ltd (China), Borealis AG (Austria), Solvay SA (Belgium), Arkema (France), SABIC (Saudi Arabia), B & F Plastics, Inc., (US), Cork Plastics (US), and Trinseo (US)

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