Building And Construction Plastics Market To Reach $167.4 Billion By 2030

Building And Construction Plastics Market Growth & Trends

The global building and construction plastics market size is expected to reach USD 167.4 billion by 2030 according to a new report by Grand View Research, Inc., rising at a CAGR of 5.1% 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 2023. 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.

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Building And Construction Plastics Market Report Highlights

• The polyvinyl chloride (PVC) product segment accounted for a share of 34.3% in 2023. PVC’s dominance can be attributed to its versatile properties, making it a preferred material for various construction applications.

• The pipes & ducts application segment dominated the market with a share value of 38.2% in 2023. This segment’s prominence can be attributed to the extensive use of plastic pipes and ducts in various construction activities.

• Asia Pacific dominated the building & construction plastics market in 2023 with a revenue share of 44.2% and is also expected to witness the fastest CAGR of 6.1% over the forecast period.

Building And Construction Plastics Market Segmentation

Grand View Research has segmented the global building and construction plastics market report based on product, application, and region:

Building And Construction Plastics Product Outlook (Volume, Kilo Tons, Revenue, USD Million, 2018 - 2030)

• Polyvinyl Chloride (PVC)

• Polystyrene (PS)

• Polyurethanes (PU)

• Polyethylene (PE)

• Acrylics

• Polypropylene (PP)

• Others

Building And Construction Plastics Application Outlook (Volume, Kilo Tons, Revenue, USD Million, 2018 - 2030)

• Roofing

• Insulation

• Pipes & Ducts

• Doors

• Windows

• Others

Building And Construction Plastics Regional Outlook (Volume, Kilo Tons, Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Russia

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Indonesia

  • Vietnam

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in Building And Construction Plastics Market

• BASF

• DuPont.

• Dow

• LG Chem.

• SABIC

• Arkema

• LyondellBasell Industries Holdings B.V.

• Borealis AG.

• Solvay

• Evonik Industries AG

• Covestro AG

• Eastman Chemical Company

• Huntsman Corporation

• Teknor Apex

• Avient Corporation.