This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global building and construction plastics market for the period of 20162023 to identify the prevailing market opportunities.
Building and construction plastics are the key factors that make the infrastructure stronger, lighter, and sustainable. These are used for various purposes such as roofing, insulation, waterproofing, reinforcement, and others.
The global building and construction plastics market is driven by high durability, low cost, and non-corrosive property of these materials; changing lifestyles of the population; and rapid urbanization. However, inability of some building and construction plastics to withstand cold conditions, softening at higher temperatures, and weakening & formation of fading appearances due to exposure to UV rays hamper the market growth.
Moreover, the toxic nature of such plastics, growing in environmental concerns, and stringent laws by regulatory bodies are the other detrimental factors for the market growth. Furthermore, technological advances such as use of thermoplastics and thermosetting plastics in sanitary equipment, piping, and shuttering along with applications of bio-based and biodegradable plastics present lucrative opportunities for the market players during the forecast period.
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The global building and construction market is segmented based on type, application, and geography. Based on type, the market is divided into thermoplastic (polythene, PVC, polystyrene, polyester, polyamide, and polymethyl methacrylate) and thermosetting plastic (polyurethane).
On the basis of application, the market is segmented into interior (wall lining, floor covering, ceiling covering, roof covering, and insulation), exterior (facade panel, exterior covering, weather boarding, and window panels), and others (paint, varnish, adhesives, and thin coverings). Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The key market players profiled in this report are The Dow Chemical Company (U.S.), PetroChina Ltd. (China), Solvay SA (Belgium), Borealis AG (Austria), E. I. du Pont de Nemours and Company (U.S.), Arkema SA (France), and BASF SE (Germany).
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