27-June-2019: The global building and 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.
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 building and
construction plastic 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.
In depth research report on Building &
Construction Plastics Market
Further
key findings from the report suggest:
· 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.
Grand View Research has
segmented the global building and construction plastic 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
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more research reports of this category:
About
Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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