Construction Plastics Market Analysis and Global Forecast 2023-2033

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Construction Plastics Market Research Report: Information By Plastic Type (Expanded Polystyrene, Polyethylene, Polypropylene, Polyvinyl Chloride, Others), By Application (Pipes, Windows & Doors, Insulation Materials, Others), By End-User (Non-Residential, Residential, Others) and by Region — Forecast till 2033

Page: 169

Report Published on: October 29, 2024
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Description

Construction Plastics Market Overview

The Construction Plastics Market Size is expected to reach USD 105.56 Billion by 2033. The Construction Plastics Market industry size accounted for USD 75.24 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 5.74% from 2023 to 2033. The Construction Plastics Market refers to the global industry involved in the production, distribution, and application of plastic materials in construction projects. This market includes a wide range of plastic products used for various construction purposes, such as pipes, cables, flooring, insulation, windows, doors, and roofing. Construction plastics are valued for their durability, lightweight nature, cost-effectiveness, and versatility.

The Construction Plastics Market is expected to continue its growth trajectory, driven by technological advancements, increasing construction activities, and a focus on sustainable materials.

Global Construction Plastics Market Synopsis

Construction Plastics MarketCOVID-19 Impact Analysis

The COVID-19 pandemic had a significant impact on the Construction Plastics Market. The pandemic caused temporary closures of manufacturing facilities due to lockdowns and restrictions, leading to delays in production. With a slowdown in construction activities, the demand for construction plastics declined, impacting revenue for manufacturers and suppliers. The pandemic heightened awareness of hygiene and health, leading to increased interest in antimicrobial and easy-to-clean plastic materials used in construction. The crisis accelerated the adoption of digital technologies and innovations in the construction industry, including advanced plastic materials and construction methods. The industry adapted to new norms, including remote working and virtual collaboration, which led to increased efficiency and new opportunities for plastic materials in construction. There is a growing emphasis on sustainable and smart construction solutions, driving innovation in plastic materials and their applications. The long-term growth potential of the Construction Plastics Market remains strong, supported by ongoing urbanization, infrastructure development, and technological advancements.

Construction Plastics Market Dynamics

The major factors that have impacted the growth of Construction Plastics Market are as follows:

Drivers:

Ø  Technological Advancements

Advances in plastic technology, including the development of high-performance and specialty plastics, enhance their applicability in construction. Innovations in production techniques lead to more efficient manufacturing and better-quality plastic products. Plastics allow for creative and flexible designs in building construction, including complex shapes and unique aesthetics. Plastics can be easily customized for specific applications, providing versatility in design and functionality. Rising disposable incomes and changing lifestyles drive the demand for new housing and renovation projects. The expansion of commercial and industrial sectors creates demand for construction plastics in various applications.

Restraint:

  • Perception of Fluctuating Raw Material Prices and High Initial Costs

The prices of raw materials used in plastic production, such as crude oil and natural gas, can fluctuate significantly, affecting the cost and availability of construction plastics. Advanced and specialty plastic materials often require higher initial investments compared to traditional materials, which may deter some stakeholders from adopting them. The presence of competitive materials, such as advanced composites or green building materials, can impact the market share of construction plastics. Intense competition among plastic manufacturers can lead to price wars and reduced profit margins.

Opportunity:

⮚      Sustainability and Eco-Friendly Solutions

Increasing demand for sustainable construction materials creates opportunities for recycled and eco-friendly plastics. Developing high-performance recycled plastics can attract environmentally-conscious customers. Innovations in biodegradable plastics offer a sustainable alternative to traditional plastics, reducing environmental impact and appealing to green building standards. Continued investment in infrastructure projects, including roads, bridges, and public facilities, creates significant demand for durable and versatile plastic materials. Expanding urban populations and increasing construction activities offer opportunities for plastics in various building applications.

Construction Plastics Market Segment Overview

By Plastic Type

Construction Plastics Market Plastic Type AnalysisBased on Plastic Type, the market is segmented based on Expanded Polystyrene, Polyethylene, Polypropylene, Polyvinyl Chloride and Others. The Polyvinyl chloride segment dominant the market. Polyvinyl chloride plastic is widely used in the construction applications such as pipes, cables, flooring, window profiles, and roofing. PVC enhances the quality, cost-effectiveness, and safety of the construction materials, and also, have a less environmental effect, as compared to other construction plastics such as acrylic, composites, polypropylene, and other plastics. Polyvinyl chloride exhibits properties, such as thermal conductivity, scratch resistance, durability, insulation, flexibility, and design freedom. Thus, the growing demand for PVC plastic, in construction sector, will drive the demand for construction plastics market.

By Application

Based on Application, the market segment has been divided into Pipes, Windows & Doors, Insulation Materials and Others. The pipes segment dominated the construction market, owing to properties, such as durability, corrosion resistance, and cost efficiency. Plastics are preferred in pipes for transmission of fluids and various substances. The segment is estimated to maintain its dominance during the forecast period as well.

By End User

Based on End User, the market segment has been divided into Non-Residential, Residential and Others. The Non-Residential segment dominant the market. Non-residential construction sectors can use construction plastics in showrooms, manufacturing facilities, hospitals, retail establishments, and other places. The market will grow as a result of growing investments in non-residential construction.

Global Construction Plastics Market Regional Analysis

Based on region, the global Construction Plastics Market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is projected to dominate the use of the Construction Plastics Market followed by the Asia-Pacific and Europe regions.

Global Construction Plastics Market Regional AnalysisConstruction Plastics North America Market

North America holds a dominant position in the Construction Plastics Market. The U.S. represents a significant portion of the North American market, driven by extensive construction activities across residential, commercial, and infrastructure sectors. High adoption of advanced technologies and materials in construction, including specialty plastics. Emphasis on sustainable construction practices and adherence to green building standards and high demand for new housing and commercial spaces due to population growth and urban expansion.

Construction Plastics Asia-Pacific Market

The Asia-Pacific region has indeed emerged as the fastest-growing market for the Construction Plastics Market industry. China is the largest market for construction plastics in Asia-Pacific, driven by extensive infrastructure and urban development. Rapid urbanization and large-scale construction projects fuel demand for various plastic materials. India is an emerging market with increasing construction activities and a growing demand for construction plastics and significant focus on infrastructure development and urbanization.

Competitive Landscape

The global Construction Plastics Market is highly competitive, with numerous players offering a wide range of software solutions. The competitive landscape is characterized by the presence of established companies, as well as emerging startups and niche players. To increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as product launches, and strategic alliances.

Prominent Players:

  • Dowdupont Inc
  • Asahi Kasei Corporation
  • Lyondellbasell Industries Holdings
  • Excelite
  • ACH Foam Technologies
  • Borealis
  • Solvay
  • Berry Plastics Corporation
  • Sigma Plastics Group
  • Plazit Polygal Group

Key Development

In January 2024, Based on information from the public works department, the UP state government (India) improved and built 813 km of roads using bitumen and plastic trash, particularly single-use plastic. Through creative initiative, 466 roads and pathways have been upgraded overall. “This procedure promotes the appropriate disposal of waste made by single-use plastics.

Scope of the Report

Global Construction Plastics Market, by Plastic Type
  • Expanded Polystyrene
  • Polyethylene
  • Polypropylene
  • Polyvinyl Chloride
  • Others
Global Construction Plastics Market, by Application
  • Pipes
  • Windows & Doors
  • Insulation Materials
  • Others
Global Construction Plastics Market, by End User
  • Non-Residential
  • Residential
  • Others
Global Construction Plastics Market, by Region
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Benelux
    • Nordic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Indonesia
    • Austalia
    • Malaysia
    • India
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of Middle East & Africa

 

Parameters Indicators
Market Size 2033: $607.2 Billion
CAGR 4.41% CAGR (2023-2033)
Base year 2022
Forecast Period 2023-2033
Historical Data 2021
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations Plastic Type, Application, End User
Geographies Covered North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors Dowdupont Inc, Asahi Kasei Corporation, Lyondellbasell Industries Holdings, Excelite, ACH Foam Technologies, Borealis, Solvay, Berry Plastics Corporation, Sigma Plastics Group and Plazit Polygal Group
Key Market Opportunities • Sustainability and Eco-Friendly Solutions
• Growing Urbanization and Infrastructure Development
Key Market Drivers • Technological Advancements
• Demand for Modern and Innovative Designs

 

REPORT CONTENT BRIEF:

  • High-level analysis of the current and future Construction Plastics Market trends and opportunities
  • Detailed analysis of current market drivers, restraining factors, and opportunities in the future
  • Construction Plastics Market historical market size for the year 2021, and forecast from 2023 to 2033
  • Construction Plastics Market share analysis at each product level
  • Competitor analysis with detailed insight into its product segment, Government & Defense strength, and strategies adopted.
  • Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
  • To identify and understand the various factors involved in the global Construction Plastics Market affected by the pandemic

To provide a detailed insight into the major companies operating in the market. The profiling will include the Government & Defense health of the company’s past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

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Frequently Asked Questions (FAQ)

The global Construction Plastics Market is growing at a CAGR of 4.41% over the next 10 years

Asia Pacific is expected to register the highest CAGR during 2023-2033

North America holds the largest share in 2022

Dowdupont Inc, Asahi Kasei Corporation, Lyondellbasell Industries Holdings, Excelite, ACH Foam Technologies, Borealis, Solvay, Berry Plastics Corporation, Sigma Plastics Group and Plazit Polygal Group are the major companies operating in the market

Yes, we offer 16 hours of analyst support to solve the queries

Yes, we provide regional as well as country-level reports. Other than this we also provide a sectional report. Please get in contact with our sales representatives

Table of Content

Table of Content

Chapter 1.   Executive Summary

 

Chapter 2.   Scope Of The Study

                     2.1.   Market Definition

                     2.2.   Scope Of The Study

                               2.2.1.   Objectives of Report

 

Chapter 3.   Evolve BI Methodology

 

Chapter 4.   Market Insights and Trends

                     4.1.   Supply/ Value Chain Analysis

                     4.2.   Porter’s Five Forces Analysis

                               4.2.1.   Threat Of New Entrants

                               4.2.2.   Bargaining Power Of Buyers

                               4.2.3.   Bargaining Power Of Suppliers

                               4.2.4.   Threat Of Substitutes

                               4.2.5.   Industry Rivalry

                     4.3.   Impact of COVID-19 on Construction Plastics Market

                               4.3.1.   Impact on Market Size

                               4.3.2.   End User Trend, Preferences, and Budget Impact

                               4.3.3.   Regulatory Framework/Government Policies

                               4.3.4.   Key Players Strategy to Tackle Negative Impact

                               4.3.5.   Opportunity Window

 

Chapter 5.   Market Dynamics

                     5.1.   Introduction

                     5.2.   DRO Analysis

                               5.2.1.   Drivers

                               5.2.2.   Restraints

                               5.2.3.   Opportunities

 

Chapter 6.   Global Construction Plastics Market, By Plastic Type

                     6.1.   Introduction

                     6.2.   Expanded Polystyrene

                     6.3.   Polyethylene

                       6.4.   Polypropylene

                     6.5.   Polyvinyl Chloride

                     6.6.   Others

 

Chapter 7.   Global Construction Plastics Market, By Application

                     7.1.   Introduction

                     7.2.   Pipes

                     7.3.   Windows & Doors

                     7.4.   Insulation Materials

                     7.5.   Others

 

Chapter 8.   Global Construction Plastics Market, By End-User

                     8.1.   Introduction

                     8.2.   Non-Residential

                     8.3.   Residential

                     8.4.   Others

 

Chapter 9.   Global Construction Plastics Market, By Region

                     9.1.   Introduction

                     9.2.   North America

                               9.2.1.   Introduction

                               9.2.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               9.2.3.   Market Size and Forecast, By Country, 2020 - 2028

                               9.2.4.   Market Size and Forecast, By Plastic Type, 2020 - 2028

                               9.2.5.   Market Size and Forecast, By Application, 2020 - 2028

                               9.2.6.   Market Size and Forecast, By End-User, 2020 - 2028

                               9.2.7.   US

                                              9.2.7.1.   Introduction

                                              9.2.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.2.7.3.   Market Size and Forecast, By Plastic Type, 2020 - 2028

                                              9.2.7.4.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.2.7.5.   Market Size and Forecast, By End-User, 2020 - 2028

                               9.2.8.   Canada

                                              9.2.8.1.   Introduction

                                              9.2.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.2.8.4.   Market Size and Forecast, By Plastic Type, 2020 - 2028

                                              9.2.8.5.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.2.8.6.   Market Size and Forecast, By End-User, 2020 - 2028

                     9.3.   Europe

                               9.3.1.   Introduction

                               9.3.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               9.3.3.   Market Size and Forecast, By Country, 2020 - 2028

                               9.3.4.   Market Size and Forecast, By Plastic Type, 2020 - 2028

                               9.3.5.   Market Size and Forecast, By Application, 2020 - 2028

                               9.3.6.   Market Size and Forecast, By End-User, 2020 - 2028

                               9.3.7.   Germany

                                              9.3.7.1.   Introduction

                                              9.3.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.7.3.   Market Size and Forecast, By Plastic Type, 2020 - 2028

                                              9.3.7.4.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.3.7.5.   Market Size and Forecast, By End-User, 2020 - 2028

                               9.3.8.   France

                                              9.3.8.1.   Introduction

                                              9.3.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.8.3.   Market Size and Forecast, By Plastic Type, 2020 - 2028

                                              9.3.8.4.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.3.8.5.   Market Size and Forecast, By End-User, 2020 - 2028

                               9.3.9.   UK

                                              9.3.9.1.   Introduction

                                              9.3.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.9.3.   Market Size and Forecast, By Plastic Type, 2020 - 2028

                                              9.3.9.4.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.3.9.5.   Market Size and Forecast, By End-User, 2020 - 2028

                               9.3.10.   Italy

                                              9.3.10.1.   Introduction

                                              9.3.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.10.3.   Market Size and Forecast, By Plastic Type, 2020 - 2028

                                              9.3.10.4.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.3.10.5.   Market Size and Forecast, By End-User, 2020 - 2028

                               9.3.11.   Rest Of Europe

                                              9.3.11.1.   Introduction

                                              9.3.11.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.11.3.   Market Size and Forecast, By Plastic Type, 2020 - 2028

                                              9.3.11.4.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.3.11.5.   Market Size and Forecast, By End-User, 2020 - 2028

                     9.4.   Asia-Pacific

                               9.4.1.   Introduction

                               9.4.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               9.4.3.   Market Size and Forecast, By Country, 2020 - 2028

                               9.4.4.   Market Size and Forecast, By Plastic Type, 2020 - 2028

                               9.4.5.   Market Size and Forecast, By Application, 2020 - 2028

                               9.4.7.   Market Size and Forecast, By End-User, 2020 - 2028

                               9.4.8.   China

                                              9.4.8.1.   Introduction

                                              9.4.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.8.3.   Market Size and Forecast, By Plastic Type, 2020 - 2028

                                              9.4.8.4.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.4.8.5.   Market Size and Forecast, By End-User, 2020 - 2028

                               9.4.9.   India

                                              9.4.9.1.   Introduction

                                              9.4.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.9.3.   Market Size and Forecast, By Plastic Type, 2020 - 2028

                                              9.4.9.4.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.4.9.5.   Market Size and Forecast, By End-User, 2020 - 2028

                               9.4.10.   Japan

                                              9.4.10.1.   Introduction

                                              9.4.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.10.3.   Market Size and Forecast, By Plastic Type, 2020 - 2028

                                              9.4.10.4.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.4.10.5.   Market Size and Forecast, By End-User, 2020 - 2028

                               9.4.11.   South Korea

                                              9.4.11.1.   Introduction

                                              9.4.11.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.11.3.   Market Size and Forecast, By Plastic Type, 2020 - 2028

                                              9.4.11.4.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.4.11.5.   Market Size and Forecast, By End-User, 2020 - 2028

                               9.4.12.   Rest Of Asia-Pacific

                                              9.4.11.1.   Introduction

                                              9.4.12.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.12.3.   Market Size and Forecast, By Plastic Type, 2020 - 2028

                                              9.4.12.4.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.4.12.5.   Market Size and Forecast, By End-User, 2020 - 2028

                     9.5.   Rest Of The World (RoW)

                               9.5.1.   Introduction

                               9.5.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               9.5.3.   Market Size and Forecast, By Plastic Type, 2020 - 2028

                               9.5.4.   Market Size and Forecast, By Application, 2020 - 2028

                               9.5.5.   Market Size and Forecast, By End-User, 2020 - 2028

                               9.5.6.   Market Size and Forecast, By Region, 2020 - 2028

                               9.5.7.   South America

                                              9.5.7.1.   Introduction

                                              9.5.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.5.7.3.   Market Size and Forecast, By Plastic Type, 2020 - 2028

                                              9.5.7.4.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.5.7.5.   Market Size and Forecast, By End-User, 2020 - 2028

                               9.5.8.   Middle East & Africa

                                              9.5.8.1.   Introduction

                                              9.5.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.5.8.3.   Market Size and Forecast, By Plastic Type, 2020 - 2028

                                              9.5.8.4.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.5.8.5.   Market Size and Forecast, By End-User, 2020 - 2028

 

Chapter 10.   Competitive Landscape

                     10.1.   Introduction

                     10.2.   Vendor Share Analysis, 2020/Key Players Positioning 2020

 

Chapter 11.   Company Profiles

                     11.1.   Dowdupont Inc

                               11.1.1.   Business Overview

                               11.1.2.   Financial Analysis

                               11.1.3.   Product Portfolio

                               11.1.4.   Recent Development and Strategies Adopted

                               11.1.5.   SWOT Analysis

                     11.2.   Asahi Kasei Corporation

                               11.2.1.   Business Overview

                               11.2.2.   Financial Analysis

                               11.2.3.   Product Portfolio

                               11.2.4.   Recent Development and Strategies Adopted

                               11.2.5.   SWOT Analysis

                     11.3.   Lyondellbasell Industries Holdings

                               11.3.1.   Business Overview

                               11.3.2.   Financial Analysis

                               11.3.3.   Product Portfolio

                               11.3.4.   Recent Development and Strategies Adopted

                               11.3.5.   SWOT Analysis

                     11.4.   Excelite

                               11.4.1.   Business Overview

                               11.4.2.   Financial Analysis

                               11.4.3.   Product Portfolio

                               11.4.4.   Recent Development and Strategies Adopted

                               11.4.5.   SWOT Analysis

                     11.5.   ACH Foam Technologies

                               11.5.1.   Business Overview

                               11.5.2.   Financial Analysis

                               11.5.3.   Product Portfolio

                               11.5.4.   Recent Development and Strategies Adopted

                               11.5.5.   SWOT Analysis

                     11.6.   Borealis

                               11.6.1.   Business Overview

                               11.6.2.   Financial Analysis

                               11.6.3.   Product Portfolio

                               11.6.4.   Recent Development and Strategies Adopted

                               11.6.5.   SWOT Analysis

                     11.7.   Solvay

                               11.7.1.   Business Overview

                               11.7.2.   Financial Analysis

                               11.7.3.   Product Portfolio

                               11.7.4.   Recent Development and Strategies Adopted

                               11.7.5.   SWOT Analysis

                     11.8.   Berry Plastics Corporation

                               11.8.1.   Business Overview

                               11.8.2.   Financial Analysis

                               11.8.3.   Product Portfolio

                               11.8.4.   Recent Development and Strategies Adopted

                               11.8.5.   SWOT Analysis

                     11.9.   Sigma Plastics Group

                               11.9.1.   Business Overview

                               11.9.2.   Financial Analysis

                               11.9.3.   Product Portfolio

                               11.9.4.   Recent Development and Strategies Adopted

                               11.9.5.   SWOT Analysis

                     11.10.   Plazit Polygal Group

                               11.10.1.   Business Overview

                               11.10.2.   Financial Analysis

                               11.10.3.   Product Portfolio

                               11.9.4.   Recent Development and Strategies Adopted

                               11.9.5.   SWOT Analysis

 

Chapter 12.   Key Takeaways

 

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Industrial Automation and Process Control Market Analysis and Global Forecast 2023-2033

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Industrial Automation and Process Control Market Research Report: By Solution (SCADA, PLC, DCS, Others), By Component (Industrial Robots, Machine Vision, Control Valves, Others), By Industry (Process Industries, Discrete Industries), and by Region — Forecast till 2033

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Ship Building Market Analysis and Global Forecast 2023-2033

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Ship Building Market Research Report: Information By Product Type (Cruise Ships, Cargo Ships, Military Vessels, Tugs, Fishing Vessels, Others), By End-User (Transport, Military), and by Region — Forecast till 2033
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