Global Construction Plastics Market Size is estimated to expand rapidly in coming years, at a CAGR of 8.5 % from 2018 to 2027. In 2017, the global market valuation was USD 80.5 billion, and it is anticipated to be greater than USD xx.xx billion by 2027. Due to their high economic efficiency, resistance to weight and ease of use, plastics are rapidly replacing conventional building materials. Huge building projects in the residential and non-residential industries are a driving force for market growth. Rapid urbanization, the drive to upgrade existing housing systems and the international emphasis on recycled plastic products have led to the research and development of new plastic materials for building.
Global Market Growth Opportunities (Revenue, Growth) By 2019-2027
The increase in light product use, such as plastics, is increasing the market for building materials. The reduced plastic prices relative to other alternative products are also a driving force for the success of the plastics industry. However, volatile crude oil prices, a major plastics raw material, are a potential impediment to market growth.
Constructions in both the residential and non residential sectors as well as the cost efficiency of plastics over conventional materials are the major contributing factors towards growth.
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global construction plastics market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global construction plastics market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
The analysis of the report is carried on various primary and secondary data sources. The primary sources include conduction interviews with numerous industry analysts, suppliers, distributors, and other involved professionals. The secondary sources include a review of statistical data from press releases, government websites, annual reports of the companies, and other relevant documents.
During interviews, these primary and secondary sources provide exclusive information, which acts as a validation from global construction plastics market leaders. Access to an extensive internal repository and external proprietary databases helps this study to address questions and details regarding the market. Also, the report uses the top-down approach to assess the figures for each segment and to counter-validate them with the bottom-up approach.
We have covered two proprietary models in the construction plastics report, the FPNV Positioning Matrix and the Competitive Strategic Window and. The FPNV Positioning Matrix analyses players’ competitive marketplace in terms of product satisfaction and business strategy they follow to sustain in the market. In terms of applications, markets, and geographies, the Competitive Strategic Window analyses the competitive landscape.
By Plastic Type Insights: On the basis of plastic type, global construction plastics market has been segmented into expanded polystyrene, polyethylene, polypropylene, polyvinyl chloride. Among which polyvinyl chloride segment has accounted for largest share in the global market of construction plastics. Polyvinyl chloride is commonly utilized in the application of pipes that are defined by the thermal conductivity, separation, scratch resistance, resilience, freedom of layout and versatility that drive the market of PVC. For contrast, other fabrics are more costly than PVC.
By Application Insights: On the basis of application, global construction plastics market has been segmented into insulation materials, windows & doors, pipes. Due to increased demand for thermal insulation and heat retaining content in the housing sector, the insulation category was responsible for generating the highest revenue on the market in 2017.
The construction plastics market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
Global Construction Plastics Market Size, Share Analysis by Region 2018-2027
It is projected that Asia Pacific will lead the plastics construction industry due to massive infrastructure and home building investment. The development of construction plastics in that field is guided in particular by China and India. The demand for PVC flooring and roofing sheets, fences and doors is also boosted by continuing industrial development.
In addition, due to housing development projects being undertaken in Brazil and Chile, South America is anticipated to grow at fast CAGR levels. Due to the enormous construction activities in the UAE, Qatar and Saudi Arabia, Middle East region is also expected to make a significant contribution over the forecast period.
Global Construction Plastics Market Study Objective
1. To forecast the market size of construction plastics market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of construction plastics market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of construction plastics market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of construction plastics market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the construction plastics market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
BASF AG, Borealis AG, The DowDupont Chemical Company, Solvay SA, Trinseo, LyondellBasell Industries Holdings BV, Saudi Basic Industries Corporation (SABIC), Total S.A., Asahi Kasei Corporation, Berry Plastics Corporation, LG Chemicals, INEOS Group Holdings SA, Lanxess Aktiengesellschaft, Koninklijke DSM N.V, Chevron Phillips Chemical Company are some of the key players in the global market of construction plastics. Such manufacturers plan to supply customized goods to increase consumer base and market share. They also focus on increasing geographical reach in order to gain maximum application penetration, especially in developing countries. It is likely to be a key factor in success for companies to set up R&D centers, together with strategic partnerships with investment companies, to introduce innovative technologies.
Global Construction Plastics Market Study Report Offer You!
The global construction plastics market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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