Market Segmentation
The Global Construction Plastics Market has been segmented by type, application, and region.
Based on type, the market has been segmented into polyvinyl chloride (PVC), polyethylene, polypropylene, polyurethane, polycarbonate, polystyrene, and others. The polystyrene is further sub-segmented into expanded and extruded polystyrene. PVC accounted for the largest market share in 2018 and is expected to maintain its dominance throughout the forecast period. Proliferating demand for PVC in residential and commercial construction for an array of applications like flooring, piping, and roofing. The properties of PVC such as flexibility, lightweight, and easy maneuvering have led to an augmented demand for PVC in an array of construction applications such as cladding, roofline, and rainwater provisions adding substantial value to the global construction plastics market.
Competitive Analysis
BASF SE (Germany),
DowDuPont (US),
PetroChina Ltd (China),
Borealis AG (Austria),
Solvay SA (Belgium),
Arkema (France),
SABIC (Saudi Arabia)
B F Plastics, Inc., (US)
Cork Plastics (US)
Trinseo (US)
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Based on application, the market has been segmented into flooring, window, piping, ducts, insulation, roofing, walls, and others. Pipelines accounted for the largest market share in 2017 and is expected to maintain its dominance throughout the forecast period. Plastic components are widely used in construction for interior and exterior applications such as piping, pipe fittings, water services, and others, which is expected to drive the demand. The pipeline segment is followed by insulation and ducts which is expected to grow at significant CAGRs during the forecast period with the increasing awareness regarding energy efficient building and construction.
Regional Analysis
Based on region, the global construction plastics market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa.
The market in Asia-Pacific was the largest in 2017 due to the increasing investments in the infrastructural activities in the Southeast Asian economies along with the rise in population and urbanization can be attributed to the growth of the construction plastics market in Asia-Pacific.
North America is the second-largest market for construction plastics owing to the increasing commercial construction activities in the region. In addition, the increasing prevalence of green building in the US and Canada is expected to offer lucrative opportunities for construction plastics during the forecast period. The European market for construction plastics is expected to grow at a moderate pace during the forecast period with a slow-moving construction sector in the Western European countries. The market in Latin America and the Middle East Africa are expected to exhibit considerable growth during the review period with the increasing construction activities and industrialization.
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About Market Research Future -
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Edibles.
MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with the technology and work process of the industry, MRFR often plans to conduct meet with the industry experts and industrial visits for its research analyst members.
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