Global Building And Construction Plastics Market Trends Report, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Building And Construction Plastics Market


The global Building And Construction Plastics market size is projected to reach US$ 192.74 billion by 2026, from US$ 126.29 billion in 2020, at a CAGR of 7.3% during 2021-2026. Growing population and increasing urbanization across the globe have been providing a fillip to the market. In addition, various government initiatives to improve building structures are projected to bolster the growth of the market.

The market is witnessing tremendous improvements, in terms of technology and material, to reduce production cost and improve overall infrastructure. Furthermore, eradication of barriers to promote foreign investments and introduction of green building projects as a part of governments integral initiatives are poised to stimulate the growth of the market in Asia Pacific.

Green building construction uses resources that help in minimizing environmental pollution. Plastics such as PET, low-density polyethylene (LDPE), polyvinyl chloride (PVC), polypropylene (PP), high-density polyethylene (HDPE), and polystyrene (PS) are recyclable, durable, and exhibit high strength, which are likely to increase their utilization in the construction of green buildings. Therefore, burgeoning popularity of green buildings is expected to fuel the demand for plastics in construction.

Due to their low maintenance, a majority of architects, builders, and designers prefer plastics in building and construction to other materials. The demand for the product in construction and decoration is estimated to experience an upswing over the forecast period as a number of companies have started offering fire-resistant and cost-effective plastics.

BASF SE, Borealis AG, The Dow Chemical Company, DuPont, Solvay SA, and Trinseo are some of the leading players in the global market. These players are involved in the production of plastics for diverse applications in the infrastructure sector. Companies involved in the manufacturing of product for the infrastructure sector are highly integrated across the value chain and carry out operations beginning from production to sales and distribution of the products to various locations.

Prices of raw materials such as ethylene, propylene, and styrene are highly dependent on crude oil prices, which are volatile in nature. Plastic manufacturing uses 4.0% of crude oil, therefore, volatile prices are anticipated to hinder the growth of the market over the forecast period.

Market Segmentation, Outlook & Viewpoint: Global Building And Construction Plastics Market

Product Market Segmentation & Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  
Polyvinyl Chloride
  
Polystyrene
  
Polyethylene
  
Polyurethanes
  
Others

Application Market Segmentation & Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

Roofing

  
Polyvinyl Chloride
  
Polyurethanes
  
Others

Insulation

  
Polystyrene
  
Polyurethanes
  
Others

Pipes & Ducts

  
Polyvinyl Chloride
  
Polystyrene
  
Polyethylene
  
Others

Wall Coverings

  
Polyvinyl Chloride
  
Others

Windows

  
Polyvinyl Chloride
  
Polyurethanes
  
Others

Others

  
Polyvinyl Chloride
  
Polystyrene
  
Polyethylene
  
Polyurethanes
  
Others

Key Players, Recent Developments & Regional Insights: Global Building And Construction Plastics Market

Polyvinyl Chloride (PVC) dominated the global market with a revenue share of 41.0% in 2017. The factors that contribute to the growth of the segment are lightweight of PVC and its ability to be assembled & molded in a variety of shapes. Furthermore, polyvinyl chloride can be removed and recycled with ease and is suitable for use at inaccessible locations and exposed conditions. It is a versatile thermoplastic material that is used in the manufacturing of majority consumer goods. In addition, PVC is widely used in a variety of applications such as construction, healthcare, and electronics.

The demand for polyvinyl chloride is projected to register significant growth during the forecast period due to its suitability in fabrication of both rigid and flexible products. Numerous PVC substitutes are available; however, these alternatives are not as efficient and are less cost-efficient as compared to PVC.

The product is widely used in the construction industry. Some of the major applications are pipes, tubes & fittings for water distribution, sewers, irrigation, electrical conduits, gutters & downspouts, fencing & decking, door frames & windows, roofing, and conveyor belts used for food processing, chemical processing, and floor & wall covering.

Polystyrene (PS) accounted for more than 15.0% of the overall volume in 2017. Polystyrene is a low conductor of heat and helps in retaining heat in infrastructure as well as maintains low temperatures of refrigerated spaces. PS is lightweight, which facilitates high safety during the lifting of heavy materials. Moreover, the cost of transportation for polystyrene is low and it is easy to install and handle.

Polyurethane will be the fastest growing segment in trems of value as well as volume over the forecast period. The ability of polyurethane to mold into any unusual shape is one of its essential qualities. Other prominent applications of polyurethane include footwear, automotive, refrigerator & freezer, furniture & bedding, elastomers, and sealants.
High-performance materials that are lightweight, strong, easy to install, durable, and versatile find relatively higher demand and polyurethane exhibits all these properties, which makes it a preferable choice in construction. Polyurethane is used for insulation in structure cavity walls, roofs, around pipes, around boilers, and floors.

Application Insights

Pipes & ducts were the leading application segment in the global building & construction plastics market with a revenue share of 36.5% in 2017. Plastic pipes and tubing systems are used within the building and on the outer premises for a variety of applications such as water service, plumbing, hydronic heating & cooling, fire protection, snow melting, and geothermal piping systems.

Pipes are used for the distribution & removal of waterborne duct systems that are used in the transfer of air in heating, air conditioning, exhaust systems, and for air ventilation. Ducts are fabricated with various materials, some of which are mild steel, aluminum, polyurethane, fiberglass, and flex ducts.

The insulation segment represented over one fourth of the total revenue in 2017. Plastic composites that are used in insulation of walls & roofs help in sound deadening, fire protection, and thermal insulation. Moreover, they maintain the temperature of the building to an appropriate level by reducing leakages.

The product is widely used in windows due to their lightweight and low thermal conductivity, which reduces the heating as well as cooling cost. Plastic composites are durable and help in reducing maintenance cost and time. This, in turn, is poised to contribute to the growth of the segment.

Regional Insights

Asia Pacific was the leading revenue contributor in 2017. It is likely to observe increase in infrastructure spending over the coming years on account of rapid urbanization and growing population. The government project and infrastructure market in the region is expected to rise by approximately 7% to 8% every year over the next decade and reach over USD 5,300.0 billion towards the end of the forecast period.

North America is one of the key markets for building and construction plastics. Expanding construction sector in countries such as the U.S. and Canada is estimated to propel the market. Rising demand for renovation of old buildings is anticipated to stimulate the growth of the region during the forecast period. Moreover, industry trade groups from North America such as the Plastics Industry Association and National Association of Plastic Industries (ANIPAC) are undertaking initiatives to support the growth and development of plastics and its end applications.
The U.S. was at the forefront of North America with a revenue share of over 80.0% in 2017. The construction industry in the U.S is poised to witness growth in both commercial and non-commercial sectors due to high urban population.

Central and South America is majorly driven by rising demand from Brazil and Chile. The demand for construction is growing with increasing population in the region. Government investments in public infrastructure and surging demand for commercial building are anticipated to fuel the demand for the product.
Building & Construction Plastics Market Share Insights

The global market is highly competitive in nature with presence of several multinationals and local manufacturers. Companies opt for significant capacity expansions and additions to cater to spiraling demand in emerging economies. They are involved in mergers and acquisitions of leading manufacturers in emerging regions. Moreover, companies are also involved in extensive research & development activities.

Some of the key players in the market are BASF SE, Borealis AG, The Dow Chemical, DuPont, Solvay SA, and Trinseo. These companies have set up their manufacturing facilities globally and have a wide distribution channel in order to increase their global presence.

Key Insights Covered: Global Building And Construction Plastics Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Building And Construction Plastics industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Building And Construction Plastics industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Building And Construction Plastics industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Building And Construction Plastics industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Building And Construction Plastics industry.

Research Methodology: Global Building And Construction Plastics Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other