Global Building and Construction Plastic Market was valued US$ 62.65 Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX% during a forecast period.

Global Building and Construction Plastic Market

The scope of the report includes a detailed study of global and regional markets for global building and construction plastic market with the reasons given for variations in the growth of the industry in certain regions. Building and construction plastic is a polymer that makes the infrastructure stronger, lighter, and sustainable. They are used for numerous purposes such as roofing, insulation, waterproofing, reinforcement, and others. Therefore, there is a rise in demand for the building and construction of plastic due to the increase in construction projects globally. Moreover, these plastics help enhance the beauty of the project at a low cost; hence, anticipated to propel the growth of the global building and construction plastic market.

An increase in residential and non-residential activities and increase in plastic on account of its physical and low-cost properties drive the market growth. Furthermore, the inability of some building and construction plastics to withstand cold conditions, softening at higher temperatures and weakening & formation of fading appearances due to exposure to UV rays hinder the market growth. Threat from substitutes and rise in environmental concerns and stringent laws of regulatory bodies restrain the growth of the market.

Based on type, the thermosetting plastic segment accounted for the highest revenue share in 2018 and is anticipated to grow at the highest growth rate during the forecast period. Moreover, the thermoset plastic segment would witness moderate growth during the forecast period.

In terms of application, the piping segment dominated the market in terms of value in 2018 and is estimated to grow at a significant CAGR during the forecast period. Pipes are used for the delivery & removal of waterborne duct systems that are used in the transmission of air in heating, air conditioning, exhaust systems, and air ventilation. Ducts are fabricated with many materials, some of which are aluminum, mild steel, polyurethane, fiberglass, and flex ducts.

Asia-Pacific accounted for the highest share in the global building and construction plastic market and is estimated to grow at the second-highest CAGR due to higher adoption of this material in Asian countries such as China and India. China is the largest producer of thermoplastics and polyurethane plastic materials. Therefore, it accounts for the highest market share among the countries in Asia-Pacific.

The objective of the report is to present comprehensive analysis of Global Building and Construction Plastic Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding Global Building and Construction Plastic Market dynamics, structure by analyzing the market segments, and project the Global Building and Construction Plastic Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Building and Construction Plastic Market make the report investor’s guide.