Dublin, Jan. 15, 2025 (GLOBE NEWSWIRE) -- The "Construction Plastics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Construction Plastics was estimated at US$112.3 Billion in 2023 and is projected to reach US$187.1 Billion by 2030, growing at a CAGR of 7.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
These plastics include PVC (polyvinyl chloride), HDPE (high-density polyethylene), polystyrene, and polycarbonate, each engineered for specific properties like strength, insulation, and weather resistance. Construction plastics are lightweight, cost-effective, and resistant to corrosion, moisture, and chemicals, making them ideal for both structural and decorative applications. In modern construction, plastics are essential for improving material efficiency, reducing installation time, and providing sustainable options that meet long-term performance requirements.
The growth in the construction plastics market is driven by several factors, including the demand for durable and lightweight building materials, technological advancements in sustainable plastics, and increasing urbanization. As construction projects expand, particularly in emerging economies, construction plastics offer an affordable and reliable alternative to traditional materials. Technological advancements, such as recycled, bio-based, and energy-efficient plastics, are enhancing the sustainability and performance of construction plastics, aligning with the industry's focus on eco-friendly practices.
Rising energy costs and environmental regulations have also driven demand for plastics that contribute to energy efficiency in buildings, such as insulated and weather-resistant materials. The growth of prefabricated and modular construction has further boosted demand for plastics, as they support lightweight, customizable, and easy-to-install components. Additionally, the low maintenance and long lifespan of construction plastics make them an attractive choice for residential and commercial projects seeking durable and cost-effective solutions. Together, these factors drive the robust growth of the construction plastics market, as builders seek materials that offer efficiency, flexibility, and sustainability in construction.
What Are the Key Applications of Construction Plastics Across Building Types?
Construction plastics are widely used across residential, commercial, and infrastructure projects due to their durability, cost-effectiveness, and design flexibility. In plumbing and electrical applications, HDPE and PVC pipes are used extensively due to their resistance to corrosion, chemicals, and moisture. For windows, doors, and frames, plastic materials like PVC provide insulation, weather resistance, and low maintenance requirements, making them popular in energy-efficient buildings. In roofing and cladding, polycarbonate and PVC sheets are favored for their lightweight nature and durability, offering protection and aesthetics for commercial and industrial structures.
Insulation materials, such as polystyrene and polyurethane foams, are commonly applied in walls and roofing to improve energy efficiency by reducing heat transfer. Construction plastics are also used in flooring and interior finishes, where they provide a cost-effective and low-maintenance option for residential and commercial spaces. In addition, plastics are used in formwork and barriers for temporary construction, as they are easy to handle, reusable, and lightweight. These applications highlight the adaptability and importance of construction plastics, which support efficiency, durability, and sustainability across diverse construction projects.
How Are Technological Advancements Enhancing Construction Plastics?
Technological advancements are enhancing the properties and sustainability of construction plastics, making them more resilient, efficient, and environmentally friendly. Innovations in recycled and bio-based plastics are gaining traction, allowing manufacturers to reduce dependence on virgin materials and offer sustainable alternatives. High-performance additives improve durability, UV resistance, and fire resistance, expanding the applications of construction plastics in challenging environments, such as exterior cladding and roofing. For example, UV-stabilized PVC and polycarbonate protect against sun damage, extending the lifespan of outdoor installations.
New formulations are also making plastics more energy-efficient, with improved insulation properties that contribute to energy savings in buildings. Self-cleaning and anti-microbial coatings are being developed to reduce maintenance needs, which is particularly valuable in high-traffic areas and healthcare facilities. Advances in 3D printing technology are enabling custom plastic components to be produced on-demand, supporting rapid prototyping and complex designs. These technological improvements make construction plastics more versatile, sustainable, and adaptable to the growing demands of modern construction.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Construction Plastics market such as ACH Foam Technologies, Aep Industries Inc., Asahi Kasei Corporation, BASF SE, Berry Plastics Corporation and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 96 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $112.3 Billion |
| Forecasted Market Value (USD) by 2030 | $187.1 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Construction Plastics - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Increasing Demand for Lightweight and Durable Materials in Construction Expands Market for Construction Plastics in Structural Applications
- Growth of Sustainable Construction Practices Drives Demand for Recyclable and Bio-Based Construction Plastics
- Rising Use of Plastic Pipes in Plumbing and Electrical Systems Expands Market for Durable, Corrosion-Resistant Construction Plastics
- Advancements in Polymer Technology Propel Growth of High-Performance Plastics with Enhanced Strength and Insulation Properties
- Expansion of Prefabricated and Modular Construction Drives Demand for Plastics in Lightweight and Transportable Components
- Increasing Demand for Energy-Efficient Materials Supports Market for Insulating Construction Plastics in Green Buildings
- Rising Focus on Water Conservation in Building Projects Drives Demand for Plastics in Rainwater Harvesting and Drainage Systems
- Growth in Applications of Plastics in Windows and Doors Supports Market for High-Performance, Weather-Resistant Construction Plastics
- Increasing Use of Plastic Formwork in Concrete Construction Expands Market for Reusable and Durable Construction Plastics
- Advancements in Transparent and Translucent Plastics Propel Demand in Architectural and Aesthetic Applications
- Growing Focus on Reducing Installation Time and Labor Costs Drives Demand for Easy-to-Install Construction Plastics
- Expansion of Anti-Microbial and Anti-Fungal Additives in Construction Plastics Supports Market for Sanitary and Safe Building Materials
- Increasing Applications in Lightweight Roofing Systems Expands Market for Plastic Sheets and Panels in Weatherproof Construction
FOCUS ON SELECT PLAYERS:Some of the 48 companies featured in this Construction Plastics market report include
- ACH Foam Technologies
- Aep Industries Inc.
- Asahi Kasei Corporation
- BASF SE
- Berry Plastics Corporation
- Borealis AG
- Chevron Phillips Chemical Company LLC
- China Petrochemical Corporation
- Dow, Inc.
- DuPont de Nemours, Inc.
- Engineered Profiles LLC.
For more information about this report visit https://www.researchandmarkets.com/r/hbn5se
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