Construction Plastic Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019-2029, Segmented By Material Type ; By Application ; By End User ; By Region

Description

Global Construction Plastic Market Size Set to Touch USD 138 Billion by 2029.

Global construction plastic market is flourishing because of the increasing affordable and lightweight alternatives, growing environment-friendly approaches to construction, and rising number of building projects.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global construction plastic market size at USD 86.67 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global construction plastic market size to grow at a significant CAGR of 7.08% reaching a value of USD 137.87 billion by 2029. Major growth drivers for the global construction plastic market include an increasing construction activity worldwide, particularly in emerging economies, are creating a significant demand for construction materials, including plastics. Rapid urbanization, infrastructure development, and population growth are contributing to the expansion of the construction sector, which in turn boosts the demand for construction plastics. Notably, the market is witnessing a shift towards lightweight and cost-effective solutions. Construction plastics offer advantages such as reduced transportation costs, ease of handling, and improved energy efficiency due to their lightweight nature. Moreover, they can be manufactured at a lower cost compared to traditional construction materials, making them an attractive option for builders and contractors. Also, sustainable construction practices have gained prominence in recent years, driving the demand for environmentally-friendly materials. Construction plastics can be recycled, reused, and have lower carbon footprints compared to some conventional materials. As a result, they align with the increasing focus on sustainable construction, which promotes energy efficiency, waste reduction, and eco-friendly building practices. Hence, such aspects are expected to propel the growth of global construction plastic market forward during the forecast period. However, environmental concerns and regulatory constraints are anticipated to restrain the overall market growth.

Global Construction Plastic Market - Overview:

The global construction plastic market refers to the worldwide industry that deals with the production, distribution, and utilization of plastic materials specifically designed for construction purposes. These plastic materials are used in various construction activities, such as building infrastructure, residential and commercial structures, and industrial projects. They are employed in the form of pipes, fittings, insulation materials, roofing sheets, windows, doors, flooring, and other construction components. The construction plastic market encompasses the entire value chain, including manufacturers, suppliers, distributors, contractors, and end-users involved in the procurement, production, and application of plastic materials in the construction sector. It encompasses a wide range of plastic types, including PVC (polyvinyl chloride), PE (polyethylene), PP (polypropylene), ABS (acrylonitrile butadiene styrene), and others, each with its specific properties and applications. The global construction plastic market is characterized by continuous innovation and research to develop new plastic formulations that offer enhanced performance, durability, sustainability, and cost-effectiveness. The market is driven by the increasing demand for lightweight, versatile, and environmentally-friendly construction materials, as well as the need for efficient and time-saving construction practices.

Impact of COVID-19 on Global Construction Plastic Market:

COVID-19 pandemic adversely affected the global construction plastic market. The construction industry faced disruptions due to lockdowns, travel restrictions, and supply chain disruptions, leading to project delays and cancellations. The reduced construction activities and financial uncertainties resulted in a decline in the demand for construction plastics. Additionally, the economic downturn caused by the pandemic affected construction budgets and investments, further impacting the market. However, the construction sector showed resilience, with the industry gradually recovering as restrictions eased. The market adapted to new norms, such as an increased focus on health and safety measures, digitization, and sustainable construction practices, which are expected to shape the future of the construction plastic market.

Global Construction Plastic Market - By Application:

Based on application, the global construction plastic market is divided into Pipes & Ducts, Roofing, Insulation, Windows & Doors, and Wall Covering segments. The pipes & ducts segment is expected to hold the highest share in the global construction plastic market by application during the forecast period. The plastic pipes & ducts offer numerous advantages over traditional materials, such as metal or concrete. They are lightweight, which simplifies transportation and installation, reducing labor and overall project costs. Plastic pipes also exhibit excellent corrosion resistance, making them suitable for various applications, including water supply, drainage systems, and HVAC ducting. Also, plastic pipes and ducts are highly durable, with a long lifespan and low maintenance requirements. Their flexibility allows for easy installation and adaptation to complex layouts.

Competitive Landscape:

Major players operating in the global construction plastic market include: Dow Chemical Company, BASF SE, SABIC, LyondellBasell Industries N.V., Arkema Group, Solvay SA, Covestro AG, Formosa Plastics Corporation, Borealis AG, INEOS Group Holdings S.A., Total Energies SE, Mitsubishi Chemical Corporation, Kaneka Corporation, and Asahi Kasei Corporation. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Construction Plastic Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Construction Plastic Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23607

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Construction Plastic Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Increasing construction activities
  - 3.2.1.2. Lightweight and cost-effective solutions
  - 3.2.1.3. Sustainable construction practices
- 3.2.2. Restraints
  - 3.2.2.1. Environmental concerns
  - 3.2.2.2. Regulatory constraints
- 3.2.3. Opportunities
  - 3.2.3.1. Technological advancements
  - 3.2.3.2. Infrastructure development in emerging economies
- 3.2.4. Challenges
  - 3.2.4.1. Competition from alternative materials
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global Construction Plastic Market Overview

4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Billion)
4.2. Market Share & Forecast
- 4.2.1. By Material Type
  - 4.2.1.1. Expanded Polystyrene (EPS)
  - 4.2.1.2. Polyethylene
  - 4.2.1.3. Polypropylene
  - 4.2.1.4. Polyvinyl Chloride (PVC)
  - 4.2.1.5. Poly Carbonate
  - 4.2.1.6. Others
- 4.2.2. By Application
  - 4.2.2.1. Pipes & Ducts
  - 4.2.2.2. Roofing
  - 4.2.2.3. Insulation
  - 4.2.2.4. Windows & Doors
  - 4.2.2.5. Wall Covering
  - 4.2.2.6. Others
- 4.2.3. By End User
  - 4.2.3.1. Residential
  - 4.2.3.2. Non-Residential
- 4.2.4. By Region
  - 4.2.4.1. North America
  - 4.2.4.2. Europe
  - 4.2.4.3. Asia Pacific (APAC)
  - 4.2.4.4. Latin America (LATAM)
  - 4.2.4.5. Middle East and Africa (MEA)

5. North America Construction Plastic Market

5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
- 5.2.1. By Material Type
- 5.2.2. By Application
- 5.2.3. By End User
- 5.2.4. By Country
  - 5.2.4.1. United States
  - 5.2.4.1.1. By Material Type
  - 5.2.4.1.2. By Application
  - 5.2.4.1.3. By End User
  - 5.2.4.2. Canada
  - 5.2.4.2.1. By Material Type
  - 5.2.4.2.2. By Application
  - 5.2.4.2.3. By End User

6. Europe Construction Plastic Market

6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
- 6.2.1. By Material Type
- 6.2.2. By Application
- 6.2.3. By End User
- 6.2.4. By Country
  - 6.2.4.1. Germany
  - 6.2.4.1.1. By Material Type
  - 6.2.4.1.2. By Application
  - 6.2.4.1.3. By End User
  - 6.2.4.2. United Kingdom
  - 6.2.4.2.1. By Material Type
  - 6.2.4.2.2. By Application
  - 6.2.4.2.3. By End User
  - 6.2.4.3. Italy
  - 6.2.4.3.1. By Material Type
  - 6.2.4.3.2. By Application
  - 6.2.4.3.3. By End User
  - 6.2.4.4. France
  - 6.2.4.4.1. By Material Type
  - 6.2.4.4.2. By Application
  - 6.2.4.4.3. By End User
  - 6.2.4.5. Spain
  - 6.2.4.5.1. By Material Type
  - 6.2.4.5.2. By Application
  - 6.2.4.5.3. By End User
  - 6.2.4.6. Belgium
  - 6.2.4.6.1. By Material Type
  - 6.2.4.6.2. By Application
  - 6.2.4.6.3. By End User
  - 6.2.4.7. Russia
  - 6.2.4.7.1. By Material Type
  - 6.2.4.7.2. By Application
  - 6.2.4.7.3. By End User
  - 6.2.4.8. The Netherlands
  - 6.2.4.8.1. By Material Type
  - 6.2.4.8.2. By Application
  - 6.2.4.8.3. By End User
  - 6.2.4.9. Rest of Europe
  - 6.2.4.9.1. By Material Type
  - 6.2.4.9.2. By Application
  - 6.2.4.9.3. By End User

7. Asia-Pacific Construction Plastic Market

7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
- 7.2.1. By Material Type
- 7.2.2. By Application
- 7.2.3. By End User
- 7.2.4. By Country
  - 7.2.4.1. China
  - 7.2.4.1.1. By Material Type
  - 7.2.4.1.2. By Application
  - 7.2.4.1.3. By End User
  - 7.2.4.2. India
  - 7.2.4.2.1. By Material Type
  - 7.2.4.2.2. By Application
  - 7.2.4.2.3. By End User
  - 7.2.4.3. Japan
  - 7.2.4.3.1. By Material Type
  - 7.2.4.3.2. By Application
  - 7.2.4.3.3. By End User
  - 7.2.4.4. South Korea
  - 7.2.4.4.1. By Material Type
  - 7.2.4.4.2. By Application
  - 7.2.4.4.3. By End User
  - 7.2.4.5. Australia & New Zealand
  - 7.2.4.5.1. By Material Type
  - 7.2.4.5.2. By Application
  - 7.2.4.5.3. By End User
  - 7.2.4.6. Indonesia
  - 7.2.4.6.1. By Material Type
  - 7.2.4.6.2. By Application
  - 7.2.4.6.3. By End User
  - 7.2.4.7. Malaysia
  - 7.2.4.7.1. By Material Type
  - 7.2.4.7.2. By Application
  - 7.2.4.7.3. By End User
  - 7.2.4.8. Singapore
  - 7.2.4.8.1. By Material Type
  - 7.2.4.8.2. By Application
  - 7.2.4.8.3. By End User
  - 7.2.4.9. Vietnam
  - 7.2.4.9.1. By Material Type
  - 7.2.4.9.2. By Application
  - 7.2.4.9.3. By End User
  - 7.2.4.10. Rest of APAC
  - 7.2.4.10.1. By Material Type
  - 7.2.4.10.2. By Application
  - 7.2.4.10.3. By End User

8. Latin America Construction Plastic Market

8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
- 8.2.1. By Material Type
- 8.2.2. By Application
- 8.2.3. By End User
- 8.2.4. By Country
  - 8.2.4.1. Brazil
  - 8.2.4.1.1. By Material Type
  - 8.2.4.1.2. By Application
  - 8.2.4.1.3. By End User
  - 8.2.4.2. Mexico
  - 8.2.4.2.1. By Material Type
  - 8.2.4.2.2. By Application
  - 8.2.4.2.3. By End User
  - 8.2.4.3. Argentina
  - 8.2.4.3.1. By Material Type
  - 8.2.4.3.2. By Application
  - 8.2.4.3.3. By End User
  - 8.2.4.4. Peru
  - 8.2.4.4.1. By Material Type
  - 8.2.4.4.2. By Application
  - 8.2.4.4.3. By End User
  - 8.2.4.5. Rest of LATAM
  - 8.2.4.5.1. By Material Type
  - 8.2.4.5.2. By Application
  - 8.2.4.5.3. By End User

9. Middle East & Africa Construction Plastic Market

9.1. Market Size & Forecast, 2019-2029
- 9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
- 9.2.1. By Material Type
- 9.2.2. By Application
- 9.2.3. By End User
- 9.2.4. By Country
  - 9.2.4.1. Saudi Arabia
  - 9.2.4.1.1. By Material Type
  - 9.2.4.1.2. By Application
  - 9.2.4.1.3. By End User
  - 9.2.4.2. UAE
  - 9.2.4.2.1. By Material Type
  - 9.2.4.2.2. By Application
  - 9.2.4.2.3. By End User
  - 9.2.4.3. Qatar
  - 9.2.4.3.1. By Material Type
  - 9.2.4.3.2. By Application
  - 9.2.4.3.3. By End User
  - 9.2.4.4. Kuwait
  - 9.2.4.4.1. By Material Type
  - 9.2.4.4.2. By Application
  - 9.2.4.4.3. By End User
  - 9.2.4.5. South Africa
  - 9.2.4.5.1. By Material Type
  - 9.2.4.5.2. By Application
  - 9.2.4.5.3. By End User
  - 9.2.4.6. Nigeria
  - 9.2.4.6.1. By Material Type
  - 9.2.4.6.2. By Application
  - 9.2.4.6.3. By End User
  - 9.2.4.7. Algeria
  - 9.2.4.7.1. By Material Type
  - 9.2.4.7.2. By Application
  - 9.2.4.7.3. By End User
  - 9.2.4.8. Rest of MEA
  - 9.2.4.8.1. By Material Type
  - 9.2.4.8.2. By Application
  - 9.2.4.8.3. By End User

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. Global Construction Plastic Company Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

11. Impact of Covid-19 on Global Construction Plastic Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

12.1. Dow Chemical Company
12.2. BASF SE
12.3. SABIC
12.4. LyondellBasell Industries N.V.
12.5. Arkema Group
12.6. Solvay SA
12.7. Covestro AG
12.8. Formosa Plastics Corporation
12.9. Borealis AG
12.10. INEOS Group Holdings S.A.
12.11. Total Energies SE
12.12. Mitsubishi Chemical Corporation
12.13. Kaneka Corporation
12.14. Asahi Kasei Corporation
12.15. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations