Global Construction Plastics Market Forecast to 2023: Drivers, Restraints, Opportunities, & Challenges
DUBLIN, Jan. 4, 2019 /PRNewswire/ --
The "Construction Plastics Market by Plastic Types (Expanded Polystyrene, Polyethylene, Polypropylene, Polyvinyl Chloride), Application (Insulation Materials, Windows & Doors, Pipes), End User, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The construction plastics market is estimated to be USD 75.6 billion in 2018 and is projected to reach USD 105.7 billion by 2023, at a CAGR of 6.9%.
Plastics are long chains of repeating molecules, manufactured from polymers. They are mostly made from petroleum, with about 5 percent of the world's petroleum estimated to be used to make plastics. The building & construction industry is a major consumer of plastics, second only to the packaging industry. Plastics are widely used in the construction industry for application in pipes and windows, among others.
Their excellent characteristics, such as flexibility, resistance to weathering, and low cost, provide plastics with an edge over other traditional building materials, such as glass. The growth of this market is attributed to the continued growth of the building & construction industry.
Asia Pacific (APAC) is the largest and the fastest-growing market for construction plastics. The building & construction industry in APAC has been witnessing significant developments in the past five years due to which the demand for construction plastics has been increasing substantially in the region. China continues to drive the global demand due to its rising population and rapidly growing infrastructure facilities. However, a slowdown in the construction market is observed due to a recent economic downturn in the country.
In the US, the demand for plastics is increasing owing to the rise in construction activities. Europe, which has a stable production of plastics, remains an important market for the building & construction industry. Turkey and Russia are major markets for plastics in this region. The construction plastics market is highly fragmented with a large number of players present in it. The market players possess a wide product portfolio with innovative and differentiated products, thus meeting the demand from various industries.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Construction Plastics Market
4.2 Construction Plastics Market, By Application
4.3 Construction Plastics Market, By End User
4.4 Construction Plastics Market, By Region
4.5 Asia Pacific Construction Plastics Market, By Plastic Type and Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for PVC in Building & Construction Industry
5.2.1.2 Increasing Demand for Expanded Polystyrene (EPS) Plastics
5.2.2 Restraints
5.2.2.1 China's Slowing Economy
5.2.2.2 Prohibition of PVC Products in Green Building
5.2.3 Opportunities
5.2.3.1 Increasing Investments and Financial Attractiveness in Emerging Economies
5.2.3.2 High Demand for Construction Plastics in Asia Pacific
5.2.4 Challenges
5.2.4.1 Volatility in Crude Oil Prices
5.3 Porter's Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Threat of New Entrants
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
6 Construction Plastics Market, By End User
6.1 Introduction
6.2 Non-Residential
6.2.1 Shifting of Manufacturers From Western Regions to the Asia Pacific is Driving the Growth of Non-Residential Sector
6.3 Residential
6.3.1 Increasing Use of Insulation Material is Driving the Growth of Residential Sector.
7 Construction Plastics Market, By Application
7.1 Introduction
7.2 Pipes
7.2.1 The Growing Demand for Lightweight Materials is Driving the Growth of Pipes Application.
7.3 Windows & Doors
7.3.1 New Constructions and Renovation Projects is Driving the Growth of Windows & Doors Application.
7.4 Insulation Materials
7.4.1 Thermal Resistance in Residential Sector to Increase the Growth of Insulation Materials Application.
7.5 Others
7.5.1 Ease Installation of Plastics in Construction is Growing to Drive the Construction Plastics Market.
8 Construction Plastics Market, By Plastic Type
8.1 Introduction
8.2 Expanded Polystyrene (EPS)
8.2.1 Properties Such as Tough Thermoplastic and Lightweight is Growing the EPS Market
8.3 Polyethylene
8.3.1 Asia Pacific is the Largest Consumer of Polyethylene in Construction Plastics.
8.4 Polypropylene
8.4.1 Increasing Consumption of Polypropylene in Applications Such as Pipes is Driving the Growth of Polypropylene Market.
8.5 Polyvinyl Chloride (PVC)
8.5.1 Properties of PVC Such as Thermal Conductivity is Driving the Growth of PVC in Construction Plastics
8.6 Others
8.6.1 Emerging Economies Such as Asia Pacific to Drive the Growth of Others Segment.
9 Regional Analysis
10 Competitive Landscape
10.1 Introduction
10.2 Ranking of Key Market Players, January 2013- November 2018
10.3 Competitive Situations & Trends
10.3.1 Expansions
10.3.2 Acquisitions
10.3.3 New Product Developments/Launches
10.3.4 Agreements
10.3.5 Joint Ventures/Partnerships
10.3.6 Mergers
10.3.7 Investments
11 Company Profiles
11.1 Dowdupont Inc
11.2 BASF SE
11.3 Asahi Kasei Corporation
11.4 Lyondellbasell Industries Holdings B.V.
11.5 Excelite
11.6 ACH Foam Technologies
11.7 Borealis AG
11.8 Solvay S.A.
11.9 Formosa Plastics Corporation
11.10 Saudi Basic Industries Corporation (SABIC)
11.11 Ineos Olefins & Polymers USA
11.12 Plazit Polygal Group
11.13 JM Eagle
11.14 Berry Plastics Corporation
11.15 Total S.A.
11.16 Other Key Players
11.16.1 PJSC Sibur Holding
11.16.2 Sigma Plastics Group
11.16.3 Aep Industries Inc.
11.16.4 Chevron Phillips Chemical Company LLC
11.16.5 Engineered Profiles LLC.
11.16.6 Saint-Gobain S.A.
11.16.7 China Petrochemical Corporation
11.16.8 Sumitomo Chemical
For more information about this report visit https://www.researchandmarkets.com/research/f8qm9n/global?w=5
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article