Building and Construction Plastics Market: Overview and Growth Analysis

The total value of the global building and construction plastics market was USD 120,951.1 million in 2021. And it will rise at a growth rate of above 7.4% shortly, reaching USD 230,273.4 million by 2030, according to P&S Intelligence.

The growth of the global construction market is a key factor boosting the demand for such plastics. Nations like the U.K., the U.S., China, Indonesia, the U.A.E, India. And Saudi Arabia are doing substantial contributions to the advancements of the construction

industry.

Key Trends Driving the Building and Construction Plastics Market

The growing industrialization, coupled with the growing populace. Has encouraged governments in numerous nations to upsurge construction expenditure in order to improve infrastructure growth. Therefore, the growing construction investments throughout the globe are projected to fuel the sales of construction and building polymers in the coming few years.

Major Players in the Building and Construction Plastics Industry

The growth of the manufacturing industry in emerging countries is being boosted by fast industrialization and the growth in the count of professional workers. Furthermore, the advancing financial development and a consistent rise in consumer expenditure in such nations are boosting the requirement for buildings and consumer goods. Which, ultimately, is fuelling the requirement for plastics in a range of applications such as the construction of structures, and also housewares and convenience goods.

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Types and Applications of Plastics in the Building and Construction Sector

In recent years, the Polyvinyl chloride category had the largest market share of above 30%. PVC is one of the key thermoplastic polymers. Which are extensively utilized in construction and building applications, worldwide. PVC is used in the construction sector for applications, such as ducting, roofing, doors, and windows.

Because of its properties, such as strength, hardness, scratch resistance. Thermal conductivity, insulation, design flexibility, durability, and cost-effectiveness, it is also used in pipes and fittings.

Technological Innovations in Building and Construction Plastics

The need for building and construction plastics in roofing applications is predicted to be boosted by their characteristics, such as weather resistance, high strength, simplicity to install, excellent transportation efficiency, high rigidity, and low weight.

Market Analysis of Building and Construction Plastics by Product Type

The rising public knowledge regarding plastics’ potential to substitute orthodox roofing materials is another reason for boosting the industry’s expansion. Furthermore, the high recycling rates of several plastics and the growing popularity of green building projects will be opening up new market prospects.

Regional Analysis of the Building and Construction Plastics Market

The building and construction plastics market development in North America is being boosted by the rising industrial infrastructure. Growing product commercialization, and growing requirement for PE, PVC, and PP-based plastics in the construction industry in Canada and the U.S.

The European industry is growing progressively and is also projected to remain the same in the future as  well. The main countries in the region that make these plastics are France, Germany, Italy, and the U.K.

Hence, the key booster of the building and construction plastics industry includes the rising construction sector.