Building & Construction Plastics Market Worth $179.84 Billion by 2025: Grand View Research, Inc.
SAN FRANCISCO, May 14, 2019 /PRNewswire/ -- The global building & construction plastics market size is expected to reach USD 179.84 billion by 2025 according to a new report by Grand View Research, Inc., rising at a CAGR of 7.3% during the forecast period. The demand for the product is anticipated to register healthy growth owing to rapid migration to urban areas.
Key suggestions from the report:
- Demand for polyurethane is anticipated to post the fastest CAGR of 7.9%, in terms of revenue, from 2017 to 2025 owing to R&D associated with product resulting in availability of highly efficient products
- Polyvinyl chloride is anticipated to register a CAGR of 4.6%, in terms of volume, from 2017 to 2025 owing to its advantageous properties such as recyclability, durability, weather ability, and low maintenance, and its availability in a wide array of colors
- Windows application is anticipated to progress at a CAGR of 8.2%, in terms of revenue, over the forecast period due to increasing number of installations of the product in manufacturing facilities as well as private infrastructures.
- The pipes & ducts segment is likely to expand at a CAGR of 4.2%, in terms of volume, over the forecast period owing to increasing use of plastics in sewage applications and the air conditioning & ventilation sector
- Asia Pacific is estimated to be a highly attractive market on account of increasing government support in form of tax benefits and financial incentives in the Chinese and Indian petrochemicals industries. The region is expected to exhibit a CAGR of 8.7%, in terms of revenue, over the forecast period
- Manufacturers are constantly working toward launching new and improved products with reduced quantities of natural resources. For instance, in 2016, DOW announced the production of STYOFOAM brand insulation in Canada.
Read 160 page research report with TOC on "Building & Construction Plastics Market Size, Share & Trends Analysis Report By Product (PVC, Polyurethane), By Application (Pipes & Ducts, Windows, Insulation, Roofing), And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/building-construction-plastics-market
Plastics utilized in the industry are gaining popularity owing to their numerous advantages including low maintenance, improved material performance, durability, easy handling, lightweight, and availability. Moreover, introduction of green infrastructure projects funded by governments of developing regions such as Asia Pacific is likely to trigger the industry growth.
Asia Pacific was the largest market for the product on a global level in 2017. Increasing number of government projects and infrastructure is expected to drive the market in APAC. Emerging economies including India and China are poised to exhibit dynamic growth in the near future owing to strong economic growth and removal of barriers pertaining to foreign investments in Asia.
Grand View Research has segmented the global building & construction plastics market report on the basis of product, application, and region.
- Building and Construction Plastics Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- Polyvinyl Chloride
- Polystyrene
- Polyethylene
- Polyurethane
- Others
- Building and Construction Plastics Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- 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
- Building and Construction Plastics Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- MEA
Find more research reports on Plastics, Polymers & Resins Industry, by Grand View Research:
- Hot Melt Adhesives Market – Strong demand in construction sector is projected to positively influence the global hot melt adhesives market over the forecast period.
- Waterborne Epoxy Resin Market – Global waterborne epoxy resin market is expected to witness substantial growth owing to increasing use in end-use segment including automotive, construction, textiles, furniture and packaging.
- Furan Resins Market – Global furan resins market is expected to witness brisk growth over the forecast period. Growing demand from major end-use industries is touted to be beneficial to the overall market.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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SOURCE Grand View Research, Inc.
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