Global Construction Plastics Market: Introduction
Plastics are broadly utilized in the construction business because of their flexibility, solidarity to-weight proportion, toughness, and consumption obstruction. Plastics are likewise utilized in construction because of their gentility of weight. They are likewise simpler to move and deal with. Construction plastics are impervious to spoil and erosion and have solid weatherability. Plastic can likewise be adaptable, and are effectively expelled, bowed, shaped, and 3D printed. Construction plastics are generally utilized in channels, links, covers, boards, movies, and sheets.
Global Construction Plastics Market: Trends & Developments
Increase in demand for PVC in the building & construction industry and rise in demand for expanded polystyrene (EPS) plastics are the major factors expected to drive the global construction plastics market. Sluggish economy of ChinaChina is largest producer of the plastics and prohibition of PVC products in green buildings are anticipated to hamper the global construction plastics market during the forecast period. Increase in investments in emerging economies and high demand for construction plastics in Asia Pacific are estimated to offer lucrative opportunities to the construction plastics market.
Global Construction Plastics Market: Segmentation
In terms of type, the global construction plastics market can be segmented into expanded polystyrene, polyethylene, polypropylene, and polyvinyl chloride. The polyvinyl chloride segment dominated the global obstruction market in 2018. Polyvinyl chloride is extensively used in pipes. Polyvinyl chloride offers thermal conductivity, insulation, scratch resistance, durability, design freedom, and flexibility. Polyvinyl chloride is also cheaper than other types of construction plastics. It can be removed and recycled with ease. Polystyrene is a low conductor of heat and helps in retaining heat in infrastructure. It is lightweight, and easy to install and handle. In terms of application, the global construction plastics market can be divided into insulation materials, windows & doors, and pipes. The pipes segment held major share of the construction plastics market in 2018. Pipes are made of lightweight materials and plastics. Construction plastics are also employed extensively in windows and doors.
Global Construction Plastics Market: Regional Outlook
Based on region, the global construction plastics market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific was a leading region of the global market in 2018, led by rapid industrialization and increase in personal disposable income of consumers in the region. Increase in demand for plastics in various end-use industries, such as construction, is also expected to boost the construction plastics market in the region. China is the largest producer of plastics. It manufactures plastics at low rates. Thus, Asia Pacific is an attractive region of the global construction plastics market. Shifting of the building & construction industry to Asia Pacific due to cheap labor, supportive government policies, and availability of natural resources is estimated to boost the construction plastics market in the region during the forecast period. In terms of demand, Asia Pacific is followed by North America. Rise in demand for renovation of old buildings in North America is likely to fuel the construction plastics market in the region.
Global Construction Plastics Market: Key Players
Key players operating in the global construction plastics market include DowDuPont, Asahi Kasei Corporation, LyondellBasell Industries Holdings B.V., Borealis AG, Solvay, SABIC, and Total.