Construction Plastics Global Market Report 2024

Description

“Construction Plastics Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on construction plastics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for construction plastics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The construction plastics market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Polyethylene; Polypropylene; Polyvinyl Chloride
2) By Application: Insulation Materials; Pipes; Windows & Doors
3) By End-User: Non-Residential; Residential
Companies Mentioned: BASF SE; Asahi Kasei Corporation; Dow Inc.; LyondellBasell Industries Holdings B.V.; Borealis AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Construction plastics, a type of polymer material, play a crucial role in construction activities, offering versatility, an excellent strength-to-weight ratio, cost-effectiveness, low maintenance, and corrosion resistance. Plastics are increasingly replacing traditional construction materials due to their superior cost-effectiveness, weight-to-strength ratio, and ease of application.

The primary types of construction plastics include expanded polystyrene, polyethylene, polypropylene, and polyvinyl chloride (PVC). PVC, a thermoplastic composed of 57% chlorine and 43% carbon derived predominantly from oil or gas via ethylene, is less dependent on crude oil or natural gas compared to other polymers. PVC finds applications in window frames, flooring, and plumbing pipes. Construction plastics are predominantly used in insulation materials, pipes, and windows and doors. Major end-users of construction plastics include both non-residential and residential construction.

The construction plastics market research report is one of a series of new reports from The Business Research Company that provides construction plastics market statistics, including construction plastics industry global market size, regional shares, competitors with a construction plastics market share, detailed construction plastics market segments, market trends and opportunities, and any further data you may need to thrive in the construction plastics industry. This construction plastics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The construction plastics market size has grown strongly in recent years. It will grow from $101.79 billion in 2023 to $109.84 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth observed in the historical period can be attributed to various factors, including an increased demand for building renovations and repairs, ongoing construction and infrastructure projects, a growing emphasis on green building and sustainability, heightened regulatory compliance requirements, and trends related to urbanization and population growth.

The construction plastics market size is expected to see strong growth in the next few years. It will grow to $153.04 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The anticipated growth in the forecast period can be attributed to various factors, including the increasing adoption of digital construction workflows, the implementation of circular economy practices, adherence to construction safety standards, growth in emerging markets, and a heightened adaptation to changing climate conditions. Major trends expected during this period encompass the utilization of lightweight and durable plastic materials, the use of thermoplastic roofing, the integration of smart plastic materials with sensors and data connectivity, advancements in soundproofing plastics, the development of innovative solutions, and strategic collaborations within the construction plastics industry.

One of the primary drivers fueling the growth of the construction plastics market is the increase in building and construction standards, coupled with infrastructural development. Emerging markets such as China, Brazil, India, Saudi Arabia, and Indonesia have witnessed robust construction activities. According to the Global Market Model (GMM), the global construction market is projected to grow from $12.52 trillion in 2021 to $17.60 trillion in 2026, with a CAGR of 7.0%. The construction plastics industry is gaining popularity as infrastructural standards become more sophisticated. Despite concerns about plastic use, the construction industry continues to rely on plastics due to their lightweight nature, ease of handling, and low maintenance properties. The lack of substitutes for high-quality plastics has contributed to significant profits in the global market. Thus, the rapid growth in building and construction and infrastructural standards is expected to drive the construction plastics market.

Another factor contributing to the growth of the construction plastics market is the increasing economic growth. Economic growth, reflecting an expansion in the capacity to generate goods and services, creates a favorable environment for the construction plastics industry. Increased economic growth leads to heightened construction activity, infrastructure development, innovation, and investment in construction projects. For example, the United States experienced a 2.4% increase in real GDP during the second quarter of 2023, marking an improvement from the 2.0% growth observed in the preceding quarter, according to the Bureau of Economic Analysis. Therefore, the rising economic growth is expected to propel the growth of the construction plastics market.

A noteworthy trend in the market is the increasing preference for recycled plastics, driven by growing environmental awareness. The global population is becoming more conscious of the environmental impact of plastic materials, leading to a surge in demand for recycled and eco-friendly plastics. This includes bioplastics derived from plant-based polymer resins and plastics that can be decomposed with the help of bacteria. In response to this trend, BASF, a Germany-based chemicals company, launched a range of additive solutions called IrgaCycle™ in September 2021. This addresses the growing need for plastics recycling by providing additive solutions to increase the percentage of recycled content in various industries, including building and construction. Additionally, initiatives like 'Project Ghar' by Kimberly-Clark India and Plastics for Change India Foundation aim to use recycled plastic to construct sustainable housing facilities for waste collectors in India. These efforts reflect the industry's commitment to sustainable practices and the use of recycled materials in construction plastics.

Major players in the construction plastics market are introducing innovative products like GreenVin Polyvinyl Chloride (PVC) to meet the rising demand for sustainable construction materials. GreenVin PVC serves as an environmentally friendly alternative to conventional PVC, commonly used in the construction, automotive, and medical sectors. Westlake Chemical Corporation, a US-based manufacturer and supplier of petrochemicals, polymers, and fabricated building products, unveiled GreenVin PVC in November 2021, demonstrating the company's commitment to addressing environmental concerns while meeting consumer needs.

In April 2023, Axpo Holding AG, a Switzerland-based renewable energy producer, entered into a Power Purchase Agreement (PPA) to acquire Borealis AG within the next six months. This strategic arrangement aligns with Borealis' commitment to increasing its use of renewable energy and advancing sustainability objectives. The PPA enables Borealis to procure green energy from Axpo's wind farm in Finland, specifically for powering its Porvoo facility. Borealis AG, headquartered in Austria, operates as a prominent chemicals company in the industry.

Major companies operating in the construction plastics market include BASF SE, Asahi Kasei Corporation, Dow Inc., LyondellBasell Industries Holdings B.V., Borealis AG, Solvay SA, Saudi Basic Industries Corporation, Berry Plastics Corporation, TotalEnergies SE, Excelite Alliance Private Ltd., Ach Foam Technologies LLC, AEP Industries Inc., Chevron Phillips Chemical Company LLC, China Petrochemical Corporation, Engineered Profiles LLC, Formosa Plastics Corporation, Saint-gobain SA, Exxon Mobil Corporation, LG Chem Ltd., Braskem SA, Arkema SA, Covestro AG, Mitsubishi Chemical Corporation, Sumitomo Chemical Co Ltd., Eastman Chemical Company, Huntsman Container Corporation, Shin-Etsu Chemical Co Ltd., Geberit AG, Uponor Corporation, Wavin B.V., Pipelife International GmbH, REHAU AG + Co

Asia-Pacific was the largest region in the construction plastics market in 2023. The regions covered in the construction plastic report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the construction plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The construction plastics market consists of sales of expanded polystyrene, polybutylene terephthalate, nylon, teflon, polycarbonate, and insulation materials. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r9487

1. Executive Summary

2. Construction Plastics Market Characteristics

3. Construction Plastics Market Trends And Strategies

4. Construction Plastics Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Construction Plastics Market Size and Growth

5.1. Global Construction Plastics Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Construction Plastics Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Construction Plastics Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Construction Plastics Market Segmentation

6.1. Global Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Polyethylene
Polypropylene
Polyvinyl Chloride
6.2. Global Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Insulation Materials
Pipes
Windows & Doors
6.3. Global Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Non-Residential
Residential

7. Construction Plastics Market Regional And Country Analysis

7.1. Global Construction Plastics Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Construction Plastics Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Construction Plastics Market

8.1. Asia-Pacific Construction Plastics Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Construction Plastics Market

9.1. China Construction Plastics Market Overview
9.2. China Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Construction Plastics Market

10.1. India Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Construction Plastics Market

11.1. Japan Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Construction Plastics Market

12.1. Australia Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Construction Plastics Market

13.1. Indonesia Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Construction Plastics Market

14.1. South Korea Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Construction Plastics Market

15.1. Western Europe Construction Plastics Market Overview
15.2. Western Europe Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Construction Plastics Market

16.1. UK Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Construction Plastics Market

17.1. Germany Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Construction Plastics Market

18.5. France Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.6. France Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.7. France Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Construction Plastics Market

19.9. Italy Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Construction Plastics Market

20.13. Spain Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Construction Plastics Market

21.1. Eastern Europe Construction Plastics Market Overview
21.2. Eastern Europe Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Construction Plastics Market

22.1. Russia Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Construction Plastics Market

23.1. North America Construction Plastics Market Overview
23.2. North America Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Construction Plastics Market

24.1. USA Construction Plastics Market Overview
24.2. USA Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Construction Plastics Market

25.1. Canada Construction Plastics Market Overview
25.2. Canada Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Construction Plastics Market

26.1. South America Construction Plastics Market Overview
26.2. South America Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Construction Plastics Market

27.1. Brazil Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Construction Plastics Market

28.1. Middle East Construction Plastics Market Overview
28.2. Middle East Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Construction Plastics Market

29.1. Africa Construction Plastics Market Overview
29.2. Africa Construction Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Construction Plastics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Construction Plastics Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Construction Plastics Market Competitive Landscape And Company Profiles

30.1. Construction Plastics Market Competitive Landscape
30.2. Construction Plastics Market Company Profiles
- 30.2.1. BASF SE
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Asahi Kasei Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Dow Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. LyondellBasell Industries Holdings B.V.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Borealis AG
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Construction Plastics Market Competitive Benchmarking

32. Global Construction Plastics Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Construction Plastics Market

34. Construction Plastics Market Future Outlook and Potential Analysis

34.1 Construction Plastics Market In 2028 - Countries Offering Most New Opportunities
34.2 Construction Plastics Market In 2028 - Segments Offering Most New Opportunities
34.3 Construction Plastics Market In 2028 - Growth Strategies
34.3.1 Market Trend Based Strategies
34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer