Building and Construction Plastic Market Comprehensive Report Covering Detailed Insights on Size, Share and Forecast with Leading Players
The building and construction plastic market was exceeded US$ 102.23 billion in 2020 and is projected to reach US$ 150 billion by 2030, expanding at an annual CAGR of 7.5 percent, according to a 2021 study by Precedence Research, the Canada-based market Insight Company. The report contains 150+ pages with detailed analysis.
The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030. The dairy products market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).
Plastics are rapidly being used in an extensive range of building & construction applications such as insulation, window frames, piping, and interior design. Building and construction plastic is a plastic polymer that is used for obtaining the products for construction industry. For instance, polyvinyl chloride (PVC) sidings are the most well-popular plastic product used in the building construction industry. These type of plastics are mainly popular due to their ease of installation, low maintenance, durability, and low cost. In addition to this, numerous forms of plastic composites such as wood plastic composite (WPC), stone plastic composite (SPC),and luxury vinyl tiles (LVT) are less expensive and durable option for the flooring solution.
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Market Report Scope
| Report Highlights | Details |
| Market Size | USD 150 Billion by 2030 |
| Growth Rate | CAGR of 7.5% From 2021 to 2030 |
| Base year | 2020 |
| Forecast Period | 2021 to 2030 |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
Competition Landscape
In the final section of the research report, Precedence Research provided the global building and construction plastic market structure and a detailed competition landscape to provide a dashboard view of key players operating in the building and construction plastic market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.
Some of the major players in the building and construction plastic market include:
- BASF SE
- DowDuPont Inc.
- Koninklijke DSM N.V
- Chevron Phillips Chemical Company, LLC
- LG Chem Ltd.
- LyondellBasell Industries Holdings B.V.
- INEOS Group Holdings S.A.
- LanxessAktiengesellschaft
- SABIC
- Solvay S.A.
Crucial factors accountable for market growth are:
- Upsurge in residential and non-residential construction activities
- Increase in demand for plastics owing to low cost
- A lucrative physical properties such as high strength, easy to transport, and light in weight
- Significant growth in population
- A number of government initiatives to enhance building structures
- Rising trend of usage of recycled plastics in construction
Market Dynamics
Driver
Growth of the global building and construction plastic market is mainly driven by upsurge in residential and non-residential construction activities. For instance, according to the statistics Canada, total investment in building construction increased 5.9% to $18.6 billion in March, primarily led by the residential sector.
Restraint
There is rising trend of green buildings owing to its environmental, economic and social benefits. However, green building manufacturing prohibits use of PVC productsas they are non-biodegradable material and if burned, releases toxic fumes. For instance, PVC packaging has been restricted or banned in countries such as Canada, South Korea, Spain, and the Czech Republic. Hence, prohibition to use PVC products in green buildings may hamper growth of the market during the forecast period.
Opportunity
There is risingusage of recycled plastics in construction industry as recycling of plastics is helping to save energy and landfill space. In the construction sector, recycled plastics are being used to produce bricks, plastic lumber, roof tiles, and other useful elements for building. Hence, rising usage of recycled plastics significantly creates lucrative growth opportunities for the market growth during the forecast period.
Challenges
Weather ability of plastic building materials has been one of the key challenges to the global building and construction plastic market. For instance, exposure to the external environment may lead to degradation of plastic building materials and if not handled properly, it might cause significant economic loss.
Regional Snapshots
North America accounted the global building and construction plastic market in 2020 and projected to augment the market in the coming years due to rapid expansion of construction sector across the countries such as Canada and the U.S. In addition to this, ongoing trend of renovation of old buildings is projected to encourage market growth in these regions. Furthermore, increasing demand for commercial building and government investments across the public infrastructure expected to boost the demand in upcoming years.
Asia Pacific projected as the most opportunistic region during the forecast period. The growing population and rapid urbanization in the countries such as China and India has led to rise in infrastructure spending. Moreover, China is the major producer of polyurethanes and thermoplastics plastic materials.
Market Segmentation
By Product
- Polyvinyl Chloride
- Polystyrene
- Polyethylene
- Polyurethanes
- Others
By Application
- Roofing
- Polyvinyl Chloride
- Polyurethanes
- Others
- Insulation
- Polystyrene
- Polyurethanes
- Others
- Pipes & Ducts
- Polyvinyl Chloride
- Polystyrene
- Polyethylene
- Others
- Wall Coverings
- Polyvinyl Chloride
- Others
- Windows
- Polyvinyl Chloride
- Polyurethanes
- Others
- Others
- Polyvinyl Chloride
- Polystyrene
- Polyethylene
- Polyurethanes
- Others
Regional Segmentation
– North America (U.S. and Canada)
– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
– Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
– Latin America (Brazil and Rest of Latin America)
– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Research Methodology
Secondary Research
It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and
Questionnaire based research etc.
- In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
Most Asked Questions –
- What was the market size value of the building and construction plastic in 2020?
- What is the expected market size by 2030?
- What is the building and construction plastic market growth?
- What are the key factors that positively influence market growth?
- Who are the prominent players in the building and construction plastic market?
Why should you invest in this report?
If you are aiming to enter the global building and construction plastic market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for building and construction plastic are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Building and Construction Plastic Market, By Product
7.1. Building and Construction Plastic Market, by Product Type, 2021-2030
7.1.1. Polyvinyl Chloride
7.1.1.1. Market Revenue and Forecast (2019-2030)
7.1.2. Polystyrene
7.1.2.1. Market Revenue and Forecast (2019-2030)
7.1.3. Polyethylene
7.1.3.1. Market Revenue and Forecast (2019-2030)
7.1.4. Polyurethanes
7.1.4.1. Market Revenue and Forecast (2019-2030)
7.1.5. Others
7.1.5.1. Market Revenue and Forecast (2019-2030)
Chapter 8. Global Building and Construction Plastic Market, By Application
8.1. Building and Construction Plastic Market, by Application, 2021-2030
8.1.1. Roofing
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Insulation
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Pipes & Ducts
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Wall Coverings
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Windows
8.1.5.1. Market Revenue and Forecast (2019-2030)
8.1.6. Others
8.1.6.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Building and Construction Plastic Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2019-2030)
9.1.2. Market Revenue and Forecast, by Application (2019-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.1.3.2. Market Revenue and Forecast, by Application (2019-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.2. Market Revenue and Forecast, by Application (2019-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.3.2. Market Revenue and Forecast, by Application (2019-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.2. Market Revenue and Forecast, by Application (2019-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.3.2. Market Revenue and Forecast, by Application (2019-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.2. Market Revenue and Forecast, by Application (2019-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.3.2. Market Revenue and Forecast, by Application (2019-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2019-2030)
9.5.2. Market Revenue and Forecast, by Application (2019-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.5.3.2. Market Revenue and Forecast, by Application (2019-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
Chapter 10. Company Profiles
10.1. BASF SE
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. DowDuPont Inc.
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Koninklijke DSM N.V
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Chevron Phillips Chemical Company, LLC
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. LG Chem Ltd.
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. LyondellBasell Industries Holdings B.V.
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. INEOS Group Holdings S.A.
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. LanxessAktiengesellschaft
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. SABIC
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Solvay S.A.
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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