2-July-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
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
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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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