The Building & Construction Plastics market had reached xxx million USD with a CAGR xx from 2015-2019. Later on, it will go to xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Building and construction plastics are the key factors that make the infrastructure stronger, lighter, and sustainable. These are used for various purposes such as roofing, insulation, waterproofing, reinforcement, and others.
The global building and construction plastics market is driven by high durability, low cost, and non-corrosive property of these materials; changing lifestyles of the population; and rapid urbanization. However, 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 hamper the market growth. Moreover, the toxic nature of such plastics, growing in environmental concerns, and stringent laws by regulatory bodies are the other detrimental factors for the market growth. Furthermore, technological advances such as use of thermoplastics and thermosetting plastics in sanitary equipment, piping, and shuttering along with applications of bio-based and biodegradable plastics present lucrative opportunities for the market players during the forecast period.
The flourishing construction industry in countries such as Brazil, India, and China is the chief driver of the global building and construction plastics market. Rapid urbanization and changing lifestyles in developing economies are also leading to increased demand from the building and construction plastics market. However, the market is expected to suffer from reduced demand for many traditional plastics owing to growing environmental concerns. This factor, however, is expected to create new growth opportunities for the market in the form of biobased and biodegradable plastics.
In the global Building & Construction Plastics market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.
In global market, the following companies are covered:
Borealis
The Dow Chemical Company
BASF
DuPont
PetroChina
Arkema
Solvay
...
Market Segment by Product Type
Polyvinyl Chloride (PVC)
Polystyrene (PS)
Acrylics
Polyurethanes (PU)
Thermoplastics Elastomers (TPE)
Composite Materials
Others
Market Segment by Application
Pipes & Ducts
Insulation
Door Fittings
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Building & Construction Plastics market for the forecast period 2020 - 2025?
• What are the driving forces in the Building & Construction Plastics market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Building & Construction Plastics industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?