Construction Plastics Market Growth Analysis (2023-2028)

Market Insights

"The global construction plastics market size was estimated at USD 72.56 billion in 2022 and is likely to grow at a CAGR of 6.69% during 2023-2028 to reach USD 107.88 billion in 2028."

Wish to get a free sample? Register Here

Construction plastics is the broad name for a family of synthetic materials that are derived from petrochemicals. Although plastics are not much visible in buildings, they are used in a wide and emerging range of applications, including piping, insulation, window frames and interior design.

Construction plastics are of different types such as expanded polystyrene, polyethylene, polypropylene, polyvinyl chloride, and others. They are used in different applications such as pipes, windows & doors, insulation materials, and others.

Market Dynamics

Market Drivers

The major factor for the growing demand for construction plastics is their properties, such as low cost, high durability and lightweight property, which is driving the market.

Segments Analysis

Plastic Trends

"The polyvinyl chloride segment accounted for the largest market share."

The market is segmented as expanded polystyrene, polyethylene, polypropylene, polyvinyl chloride, and others. The polyvinyl chloride (PVC) segment held the largest share of the market in 2022, and is expected to remain dominant during the forecast period. PVC has various properties, such as flexibility, durability, insulation, design freedom, scratch resistance, and thermal conductivity. It is majorly used in pipes application.

Application Trends

"The pipestractor segment accounted for the largest market share."

The market is segmented as pipes, windows & doors, insulation materials, and others. The pipes segment dominated the plastic construction market in 2022, 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.

Regional Insights

"Asia-Pacific accounted for the largest market share."

Asia-Pacific is estimated to be the largest as well as fastest growing construction plastics market during the forecast period. China and India being the major countries having abundance of raw material and cheap labor, the advantage of low-cost manufacturing is also a major consideration. China is estimated to be the largest country in the Asia Pacific region’s construction plastics market.

Want to know which region offers the best growth opportunities? Register Here

Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Key Players

The following are the key players in the construction plastics market (arranged alphabetically).

• Asahi Kasei Corporation
• BASF SE
• Borealis AG
• DowDuPont, Inc.
• LyondellBasell Industries Holdings B.V.
• Solvay S.A.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at [email protected]

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

The market is segmented into the following categories.

By Plastic Type

• Expanded Polystyrene
• Polyethylene
• Polypropylene
• Polyvinyl Chloride
• Others

By Application Type

• Pipes
• Windows & Doors
• Insulation Materials
• Others

By End-User Type

• Residential
• Non-residential

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Want to get a free sample? Register Here

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s construction plastics market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].