Building and Construction Plastics Market Size is projected to reach USD 239.29 billion by 2030, growing at a CAGR of 7%: Straits Research

The global building and construction plastics market was valued at USD 130.16 billion in 2021. It is expected to reach USD 239.29 billion by 2030, growing at a CAGR of 7% during the forecast period (2022–2030), The polyvinyl chloride segment is the highest contributor to the market and is expected to grow at a CAGR of 4.3% during the forecast period.

 | Source: Straits Research Straits Research

New York, United States, June 13, 2023 (GLOBE NEWSWIRE) -- Plastics are suitable for a variety of building and construction products due to their strength, lightweight, corrosion resistance, flexibility, and processability. Most safety products, including automatic firefighting systems, smoke detectors, and alarms, are also plastic. The building and construction industry frequently uses polyvinyl chloride (PVC), which has excellent fire performance characteristics. Plastics are easy to install and use and require little maintenance. Furthermore, because plastics are flexible, the pipes can accommodate soil movements.

                                                                                                   

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Rising Construction Industry Drives the Global Market

Plastics are used in the building and construction industry for roofing, insulation, pipes and ducts, doors, and windows. Due to their moldability, impact resistance, and accessibility in optically transparent grades, these plastics are being used in construction applications more and more frequently. The growth of the global construction industry is the main factor driving the demand for building and construction plastics. The governments of various countries have increased their construction spending to hasten infrastructure development due to rising industrialization and expanding populations. As a result, it is anticipated that over the forecast period, increasing construction spending will fuel a lucrative demand for building and construction plastics.

Growing Research and Development Creates Tremendous Opportunities

The increasing use of plastic pipe and tubing systems, primarily used in construction and on the exterior of buildings, is expected to present potential growth opportunities. Plastic pipes are frequently used in geothermal piping systems, hydronic heating and cooling, plumbing, fire protection, snow melting, and water service. It is anticipated that this new application of plastic in the building and construction industry will drive market growth over the forecast period.


Report Scope

Report MetricDetails
Market Size by 2030USD 239.29 billion
Market Size in 2021USD 130.16 billion
CAGR16.1% (2022-2030)
Historical Data2019-2020
Base Year2021
Forecast Period2022-2030
Forecast UnitsValue (USD Billion)
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments CoveredProduct, Application
Geographies CoveredNorth America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/VendorsBASF SE, The Dow Chemical Company, PetroChina Company Limited, Solvay S.A, Borealis AG, Arkema S.A., DuPont de NemoursIncB & F PlasticsInc., Cork Plastics, Trinseo S.A. and Deceuninck NV, Andersen Corporation.
Key Market OpportunitiesGrowing Research and Development
Key Market DriversGrowing Construction Industry
Rising Demand for Green Buildings

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Regional Analysis

Asia-Pacific is the most significant shareholder in the global building and construction plastics market and is expected to grow at a CAGR of 5.1% during the forecast period. China dominates the local market in terms of volume and revenue. The expansion of construction activities in the region is expected to increase the demand for building and construction plastics significantly. Top multinational corporations have been making sizeable investments in the industrial and manufacturing sectors in the Asia-Pacific because of the accessibility of cheap labor and the region's proximity to suppliers of raw materials. As a result of the growing manufacturing and industrial sectors, the construction industry in the region is rising, which is expected to drive market growth over the forecast period.

North America is expected to grow at a CAGR of 3.4%, generating USD 48,684.29 million during the forecast period. North America is one of the world's top consumers of building and construction plastics because of the substantial demand for these materials in the construction industry. Plastics are used in many different applications in the construction industry, including roofing, insulation, pipes and ducts, doors, and windows, due to their adaptability and ease of molding into any desired shape. The PVC, PP, and PE-based plastics market in North America is growing due to the country's and Canada's expanding industrial infrastructure, rising product commercialization, and rising demand for these materials in the construction sector.

Europe is expected to grow significantly over the forecast period. Germany, Italy, Spain, France, and the UK are the region's top building and construction plastics producers. Along with sustainability and environmental awareness, rising greenhouse gas emissions are predicted to raise consumer demand for plastics in the construction industry. Favorable macroeconomic conditions and developing industrial facilities in European countries are expected to fuel the region's construction industry's growth, which is anticipated to boost demand for building and construction plastics over the forecast period. Significant vinyl producers like BASF, Mexichem, Ercros, Inovyn, Shin-Etsu Chemical Co., Ltd., VESTOLIT GmbH, Vinnolit GmbH & Co. KG, and Vynova Group are likely to meet the growing demand for vinyl in the building and construction sector.

Key Highlights

  • The global building and construction plastics market size is expected to reach USD 239.29 billion by 2030, growing at a CAGR of 7% during the forecast period (2022–2030).
  •  Based on product, the global building and construction plastics market is bifurcated into polyvinyl chloride, polypropylene, polystyrene, acrylics, polyurethane, and polyethylene. The polyvinyl chloride segment is the highest contributor to the market and is expected to grow at a CAGR of 4.3% during the forecast period.
  • Based on application, the global building and construction plastics market is bifurcated into roofing, insulation, pipes and ducts, doors, and windows. The pipes and ducts segment owns the highest market share and is expected to grow at a CAGR of 3.6% during the forecast period.
  • Asia-Pacific is the most significant shareholder in the global building and construction plastics market and is expected to grow at a CAGR of 5.1% during the forecast period.

Competitors in Building And Construction Plastics Market

  • BASF SE
  • The Dow Chemical Company
  • PetroChina Company Limited
  • Solvay S.A
  • Borealis AG
  • Arkema S.A.
  • DuPont de Nemours Inc
  • B & F Plastics Inc.
  • Cork Plastics
  • Trinseo S.A.
  • Deceuninck NV
  • Andersen Corporation


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Segmentation of Building and Construction Plastics Market

By Product

  • Polyvinyl Chloride
  • Polypropylene
  • Polystyrene
  • Acrylics
  • Polyurethane
  • Polyethylene

By Applications

  • Roofing
  • Insulation
  • Pipes and Ducts
  • Doors
  • Windows

By Regions

  • North America
  • Europe
  • Asia-Pacific
  • Central and South America
  • The Middle East and Africa

TABLE OF CONTENT

  1. Executive Summary
  2. Research Scope & Segmentation
    1. Research Objectives
    2. Market Definition
    3. Limitations & Assumptions
    4. Market Scope & Segmentation
    5. Currency & Pricing Considered
  3. Market Opportunity Assessment
    1. Emerging Regions / Countries
    2. Emerging Companies
    3. Emerging Applications / End Use
    4. Investment Landscape
    5. New Business Models / Revenue Streams
    6. TAM
  4. Market Trends
    1. Drivers
    2. Market Warning Factors
    3. Latest Macro Economic Indicators
    4. Geopolitical Impact
    5. Human Factors
    6. Technology Factors
  5. Market Assessment
    1. Porters Five Forces Analysis
    2. Value Chain Analysis
    3. Raw Material Analysis
    4. Sales And Distribution Channel Analysis
    5. Trade Analysis
    6. Average Pricing Analysis
    7. Case Study Analysis
    8. Patent Analysis
    9. M & A Agreements & Collabration Analysis
  6. ESG TRENDS
  7. Global Building And Construction Plastics Market Size Analysis
    1. Global Building And Construction Plastics Market Introduction
    2. By Product
      1. Introduction
        1. Product By Value
      2. Polyvinyl Chloride
        1. By Value
      3. Polypropylene
        1. By Value
      4. Polystyrene
        1. By Value
      5. Acrylics
        1. By Value
      6. Polyurethane
        1. By Value
      7. Polyethylene
        1. By Value
    3. By Applications
      1. Introduction
        1. Applications By Value
      2. Roofing
        1. By Value
      3. Insulation
        1. By Value
      4. Pipes And Ducts
        1. By Value
      5. Doors
        1. By Value
      6. Windows
        1. By Value
  8. North America Market Analysis
    1. Introduction
    2. By Product
      1. Introduction
        1. Product By Value
      2. Polyvinyl Chloride
        1. By Value
      3. Polypropylene
        1. By Value
      4. Polystyrene
        1. By Value
      5. Acrylics
        1. By Value
      6. Polyurethane
        1. By Value
      7. Polyethylene
        1. By Value
    3. By Applications
      1. Introduction
        1. Applications By Value
      2. Roofing
        1. By Value
      3. Insulation
        1. By Value
      4. Pipes And Ducts
        1. By Value
      5. Doors
        1. By Value
      6. Windows
        1. By Value
    4. U.S.
    5. Canada
  9. Europe Market Analysis
    1. Introduction
    2. By Product
      1. Introduction
        1. Product By Value
      2. Polyvinyl Chloride
        1. By Value
      3. Polypropylene
        1. By Value
      4. Polystyrene
        1. By Value
      5. Acrylics
        1. By Value
      6. Polyurethane
        1. By Value
      7. Polyethylene
        1. By Value
    3. By Applications
      1. Introduction
        1. Applications By Value
      2. Roofing
        1. By Value
      3. Insulation
        1. By Value
      4. Pipes And Ducts
        1. By Value
      5. Doors
        1. By Value
      6. Windows
        1. By Value
    4. U.K.
    5. Germany
    6. France
    7. Spain
    8. Italy
    9. Russia
    10. Nordic
    11. Benelux
    12. Rest Of Europe
  10. APAC Market Analysis
    1. Introduction
    2. By Product
      1. Introduction
        1. Product By Value
      2. Polyvinyl Chloride
        1. By Value
      3. Polypropylene
        1. By Value
      4. Polystyrene
        1. By Value
      5. Acrylics
        1. By Value
      6. Polyurethane
        1. By Value
      7. Polyethylene
        1. By Value
    3. By Applications
      1. Introduction
        1. Applications By Value
      2. Roofing
        1. By Value
      3. Insulation
        1. By Value
      4. Pipes And Ducts
        1. By Value
      5. Doors
        1. By Value
      6. Windows
        1. By Value
    4. China
    5. Korea
    6. Japan
    7. India
    8. Australia
    9. Taiwan
    10. South East Asia
    11. Rest Of Asia-Pacific
  11. Middle East And Africa Market Analysis
    1. Introduction
    2. By Product
      1. Introduction
        1. Product By Value
      2. Polyvinyl Chloride
        1. By Value
      3. Polypropylene
        1. By Value
      4. Polystyrene
        1. By Value
      5. Acrylics
        1. By Value
      6. Polyurethane
        1. By Value
      7. Polyethylene
        1. By Value
    3. By Applications
      1. Introduction
        1. Applications By Value
      2. Roofing
        1. By Value
      3. Insulation
        1. By Value
      4. Pipes And Ducts
        1. By Value
      5. Doors
        1. By Value
      6. Windows
        1. By Value
    4. UAE
    5. Turkey
    6. Saudi Arabia
    7. South Africa
    8. Egypt
    9. Nigeria
    10. Rest Of MEA
  12. LATAM Market Analysis
    1. Introduction
    2. By Product
      1. Introduction
        1. Product By Value
      2. Polyvinyl Chloride
        1. By Value
      3. Polypropylene
        1. By Value
      4. Polystyrene
        1. By Value
      5. Acrylics
        1. By Value
      6. Polyurethane
        1. By Value
      7. Polyethylene
        1. By Value
    3. By Applications
      1. Introduction
        1. Applications By Value
      2. Roofing
        1. By Value
      3. Insulation
        1. By Value
      4. Pipes And Ducts
        1. By Value
      5. Doors
        1. By Value
      6. Windows
        1. By Value
    4. Brazil
    5. Mexico
    6. Argentina
    7. Chile
    8. Colombia
    9. Rest Of LATAM
  13. Competitive Assessment
    1. Adoption Matrix
    2. Building And Construction Plastics Market Share By Manufacturers
    3. Building And Construction Plastics Market Ranking By Revenue For Manufacturers
    4. Average Price By Manufacturers
    5. Vendor Footprint Analysis
  14. Market Players Assessment
    1. BASF SE
      1. Overview
      2. Business Information
      3. Revenue
      4. ASP
      5. Gross Margin
      6. Swot Analysis
      7. Recent Developmments
    2. The Dow Chemical Company
    3. PetroChina Company Limited
    4. Solvay S.A
    5. Borealis AG
    6. Arkema S.A.
    7. DuPont De NemoursIncB & F PlasticsInc.
    8. Cork Plastics
    9. Trinseo S.A. And Deceuninck NV
    10. Andersen Corporation
  15. Research Methodology
    1. Research Data
      1. Secondary Data
        1. Major Secondary Sources
        2. Key Data From Secondary Sources
      2. Primary Data
        1. Key Data From Primary Sources
        2. Breakdown Of Primaries
      3. Secondary And Primary Research
        1. Key Industry Insights
    2. Market Size Estimation
      1. Bottom-Up Approach
      2. Top-Down Approach
      3. Market Projection
    3. Research Assumptions
      1. Assumptions
    4. Limitations
    5. Risk Assessment
  16. APPENDIX
    1. Discussion Guide
    2. Customization Options
    3. Related Reports
  17. DISCLAIMER


Table of Content and Figure @ https://straitsresearch.com/report/building-and-construction-plastics-market/toc


Recent Developments

  • In October 2022, BASF and Hannong Chemicals intend to establish a production joint venture called "BASF Hannong Chemicals Solutions Ltd.", subject to approval from all necessary authorities. The proposed joint venture will have a 51% shareholding by BASF and a 49% shareholding by Hannong Chemicals.


News Media

Global Building and Construction Plastics Market Worth USD 239.29 Billion By 2030 | CAGR of 7%

Global Architectural Services Market Grows Steadily at a CAGR of 4.8%


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