Construction Plastics Market Scope
Plastic materials applicability is increasing continuously due various beneficial qualities like thermal conductivity, insulation, scratch resistance, durability, design freedom, and flexibility. Additionally, plastic is cost-effective product. Hence increasingly used in construction sector like roofing, waterproofing, flooring & insulation, cladding and reinforcement. Technological and architectural advancements in construction industry has created lots of opportunities for the construction plastic market. Increasing industrial and residential buildings and Rapid urbanization and changing lifestyles have increased plastic fittings and accessories usage in residential apartments.
According to AMA, the Global Construction Plastics market is expected to see growth rate of 6.89% and may see market size of USD106.1 Billion by 2026.
DowDuPont (United States), BASF SE (Germany), Asahi Kasei Corporation (Japan), LyondellBasell Industries Holdings B.V. (Netherlands), Borealis AG (Austria), Solvay S.A. (Belgium), Saudi Basic Industries Corporation (Saudi Arabia), Total S.A. (France), Lanxess Aktiengesellschaft (Germany) and LG Chem Ltd. (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Chevron Phillips Chemical Company, LLC (United States), Koninklijke DSM N.V (Netherlands) and INEOS Group Holdings S.A. (Switzerland).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Construction Plastics market by Type (Expanded Polystyrene, Polyethylene, Polypropylene and Polyvinyl Chloride), by Application (Insulation Materials, Windows & Doors, Pipes and others) and Region with country level break-up.
On the basis of geography, the market of Construction Plastics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- Polyvinyl chloride plastic applicability is growing rapidly
- Market is growing rapidly in Asia-Pacific region due growing construction industry
Market Drivers
- Increasing applicability in construction industry due to low price & durability
- Increasing demand as plastic assist in design flexibility
Opportunities
- Growing demand for light weight material in various constructing sectors like renovation
- Due to rising awareness use of Recycled plastic has increased
Restraints
- Stringent Government regulation to use products that are harmful for the environment
- Large number of substitutes
Key Target Audience
Manufacturers, Raw material supplier, Distributors/ traders, Private utility players, Government and research organizations and End users