New York, NY, April 17, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Construction Plastics Market by Type (Expanded Polystyrene, Polyethylene, Polypropylene, Polyvinyl Chloride, and Others) and by Application (Pipes, Flooring, Windows & Doors, Insulation Materials, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global construction plastics market was valued at USD 74.1 billion in 2018 is expected to reach USD 119.7 billion in 2025, at a CAGR of 7.1% between 2019 and 2025.
Plastic is a reliable, safe, lightweight, and cheap material for the construction industry. Plastic is a suitable material for thermal insulation of buildings. Currently, plastics are widely used in various residential and non-residential constructions applications. The global construction plastics market is projected to grow rapidly in the years ahead, owing to the growing residential and non-residential construction globally and the rising demand for construction plastics in different applications, such as cladding panels, window and skylight, translucent walls and signage, roof domes and louvers, security glazing, and roofing. Additionally, the lightweight property of construction plastics has driven its demand in several construction applications. However, the fluctuating prices of raw materials may hamper the construction plastics market growth globally in the future. Alternatively, the surging demand for green building is expected to create several growth opportunities for the construction plastics market in the upcoming years.
Browse through 71 Tables & 26 Figures spread over 110 Pages and in-depth TOC on “Global Construction Plastics Market: Industry Size, Share, Applications, Segments, Analysis and Forecast, 2018–2025”.
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The global construction plastics market is divided based on type and application. Based on type, the global construction plastics market includes polyethylene, expanded polystyrene, polypropylene, polyvinyl chloride, and others. The expanded polystyrene segment is expected to grow notably in the future, owing to its rising application in flooring and siding. The polyvinyl chloride segment dominated the global construction plastics market and is anticipated to maintain its dominance throughout the forecast time period as well. Due to the versatile properties of polyvinyl chloride like insulation, thermal conductivity, durability, scratches resistance, and flexibility, it is widely used in manufacturing pipes. Based on application, the global construction plastics market includes pipes, flooring, windows and doors, insulation materials, and others. Pipes are projected to hold the largest market share in the future, followed by insulation materials. The rising construction activities globally and rapid urbanization are estimated to propel this segment’s growth in the years ahead.
In 2018, the Asia Pacific region dominated the global construction plastics market and is projected to grow rapidly over the forecast time period as well. This can be attributed to the emerging construction activities in developing countries like China, India, Indonesia, and Malaysia, the rising disposable income of the regional population, and the growing urbanization. China is projected to be the dominating nation in the region, owing to the rising demand for construction plastics for residential and non-residential construction activities.
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The North American construction plastics market is expected to grow significantly in the upcoming years, due to the rising residential construction activities in the U.S. and Canada and the rising demand for green building across the region.
The European construction plastics market is anticipated to witness gradual growth in the upcoming years. The construction sector in Europe consumes about 10 million tons of plastics each year. Plastic pipes account for the largest share in the region. The rising application of construction plastics in commercial sectors is expected to boost this regional market’s growth in the future. Moreover, the surging demand for insulation materials is further projected to increase the application of construction plastics for insulation purpose.
Browse the full “Construction Plastics Market by Type (Expanded Polystyrene, Polyethylene, Polypropylene, Polyvinyl Chloride, and Others) and by Application (Pipes, Flooring, Windows & Doors, Insulation Materials, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/construction-plastics-market
The Latin American construction plastics market is estimated to grow substantially over the next few years, owing to rapid industrialization. Moreover, the rising number of new construction activities is likely to expand the demand for piping, flooring, door, and windows, and siding, which, in turn, is likely to boost the demand for construction plastics. Brazil is projected to be the largest contributing nation to the region’s construction plastics market. The developing residential and industrial sectors in the country are expected to increase the application of construction plastics.
The Middle Eastern and African region is forecasted to grow moderately in the future, owing to the growing demand for construction plastics in industrial constructions and the increasing applications of construction plastics in the commercial constructions.
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Some companies involved in the global construction plastics market are Formosa Plastic Group, Borealis AG, Asahi Kasei Corporation, Arkema SA, The Dow Chemical Company, PetroChina Co. Ltd., Lanxess, BASF SE, Chevron Phillips Chemical Company, E. I. du Pont de Nemours and Company, Reliance Industries Limited, SABIC, and Solvay SA.
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The report segments the global construction plastics market into:
Global Construction Plastics Market: Type Analysis
- Expanded Polystyrene (EPS)
- Polyethylene
- Polypropylene
- Polyvinyl Chloride (PVC)
- Others
Global Construction Plastics Market: Application Analysis
- Pipes
- Flooring
- Windows and Doors
- Insulation Materials
- Others
Global Construction Plastics Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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