NEW YORK, Nov. 30 2015 /PRNewswire/ -- Convergence of Technology and Industry Demand Encouraging Growth
This research identifies the global trends of plastics used in construction and analyses the trends that are being adopted locally in South Africa and Nigeria. It also highlights the countries with best practices in construction plastics, green movements, and sustainable initiatives that are impacting the construction plastics industry in South Africa and Nigeria. The research also analyses the drivers and restraints of the construction plastics industry and how factors in South Africa and Nigeria will drive the growth of creative construction plastics solutions.
- Urbanisation, infrastructure development, and a fast-growing middle class will be some of the biggest drivers of the construction plastics industry in Africa through 2020.
- Currently, South Africa is considered the best market for construction plastics in Africa. It is the most formal, diverse, and established market for the construction plastics industry.
- Nigeria, the most populous African nation, has great potential. Its huge population and strong urbanisation growth ( % average in 2000-2014) will drive major infrastructure developments.
- South Africa and Nigeria have large informal housing settlements. Suppliers strategically positioned to supply materials to government housing developments will benefit greatly.
- However, in both South Africa and Nigeria, the inability to meet housing development goals has hurt the building and construction industry in terms of revenue and confidence lost in government initiatives.
- In both these markets, there are large growth opportunities to supply cheap, simple, and effective plastics materials to the informal housing sectors to improve the living standards.
- In South Africa, the commercial and office building industry is showing a strong commitment to build green and environmentally friendly structures going forward.
- In South Africa, the sustainable and green building movement is driving the need for alternative, energy-efficient, high-performing materials.
- Both South Africa (Sasol, Hosaf, and Safripol Ltd) and Nigeria (Eleme Petrochemicals Company Limited) have companies that produce different types of polymers locally.
- Despite some locally produced polymers, deficit importation is present and product variations are still needed, as not all the required materials are available locally.
- Plastics are being utilised mostly in window frames, roofing, flooring, piping, insulation, sheeting, and acrylics.
- African culture places great value on reputation and perceived stature. Establishing loyal clientele now will be rewarded as the respective markets and plastics industry grow.
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