Building and Construction Plastic Market

Building and Construction Plastic Market Overview:

Building and construction plastic is a plastic polymer that is treated chemically to obtain products for construction industry. They are used for several purposes, such as flooring, cladding & roof membranes, cables, flooring & wallcovering, insulation, piping, and window & door panels. Moreover, various forms of plastic composites such as wood plastic composite (WPC), luxury vinyl tiles (LVT), and stone plastic composite (SPC) are less expensive and durable substitute to other form of flooring solution. The Global Building And Construction Plastic Market was valued at $57,908.8 million in 2017 and is expected to reach $104,507 million by 2025, growing at a CAGR of 7.6%.

Factors such as surge in residential and non-residential construction activities and rise in demand for plastics due to low cost and physical properties drive the growth of the global building and construction plastic market. In addition, green building practices and growth in use of recycled plastics in construction are expected to provide lucrative opportunities for the growth of the global market. Moreover, the market offers lucrative growth opportunities for countries in Latin America and Africa due to increasing demand for less expensive and durable plastic product.

Several types of plastic used in construction, such as recycled plastic or composites made from recycled materials, can contribute to the reduction of waste and environmental impact. By incorporating recycled plastic, construction projects can divert plastic waste from landfills and promote a circular economy approach. Moreover, plastic materials, such as insulation foams, play a crucial role in improving energy efficiency in buildings. They offer excellent thermal insulation properties, helping to reduce heating and cooling requirements. This energy efficiency aspect aligns with the growing emphasis on sustainable construction practices and reduced carbon footprint. Furthermore, plastic is a lightweight material, making it easier to handle, transport, and install. Additionally, plastic offers a high degree of versatility, as it can be molded into various shapes and sizes to suit specific construction requirements. This versatility allows for innovative design possibilities and can result in more efficient and sustainable construction practices. Thus, such benefits and advancements are contributing towards the growth of market.

However, governments and regulatory bodies may implement stricter regulations or standards regarding the use of plastics in construction. These regulations could impose limitations on the types of plastics allowed or require increased recycling and waste management practices. Compliance with such regulations is affecting the demand for certain plastic building materials. 

On the contrary, ongoing research and development in the field of plastic engineering have led to the introduction of new and improved plastic materials for construction purposes. These advancements have expanded the range of applications and enhanced the performance of plastic materials in terms of strength, fire resistance, and other essential properties. Such advancements are expected to offer lucrative opportunities towards the growth of market.

The global building and construction plastic market is segmented based on type, application, and region. Based on type, the market is categorized into thermoplastic and thermosetting plastic; where thermoplastic is further sub-segmented into polyvinyl chloride (PVC), polystyrene (PS), polypropylene (PE), polycarbonate, polypropylene, polymethyl methacrylate, and other types of polymers used in construction industry. Whereas, the thermosetting plastic is divided into polyurethane and others, which comprises polyester, epoxy resin, and phenolic resin. Based on application, the market is categorized into flooring, window & door panels, siding, piping, roofing, insulation, and others; which includes paint, varnish, thin coverings, and adhesives. The flooring market is further sub-segmented based on flooring composite types into wood plastic composite (WPC), luxury vinyl tiles (LVT), stone plastic composite (SPC), and others, which comprises fiberglass composite and bamboo composite.

The piping segment is projected to dominate the global building and construction plastic market in future due to increasing utilization of pipes for various purposes such as drainage, oil, sewer system, water supply, irrigation, and others.

By Type

Based on type, the market is categorized into thermoplastic and thermosetting plastic. Among these, the thermosetting plastic segment accounted for the highest revenue share in 2017 and is expected to grow at the highest growth rate during the forecast period due to increasing demand of applications such as window & skylight, cladding panels, canopies, barrel vaults, skylights, translucent walls & signage, roof domes & louvers, security glazing, and roofing in the construction sector. Moreover, properties such as ease of blending, toughness, flame resistance, strength, and ease of processing make PVC conducive for several building and construction applications such as window and door frames and are expected to increase the growth of the global market.

By Region

The market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the highest share in the global building and construction plastic market and is projected to grow at the second highest CAGR due to higher adoption of this material in Asian countries such as China and India. China is the largest producer of thermoplastics and polyurethanes plastic materials. Therefore, it accounts for the highest market share among the countries in Asia-Pacific.

Key Benefits for Building and Construction Plastic Market:

• The study presents an in-depth analysis of the global building and construction plastic market along with the current trends and future estimations to elucidate the imminent investment pockets.

• Information about the key drivers, restraints, and opportunities and their impact analysis on the market is included in the study.

• Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.

• The quantitative analysis of the global building and construction plastic market from 2017 to 2025 is provided to determine the market potential.

Building and Construction Plastic Key Market Segments:

By Type

• Thermoplastic

  • Polyvinyl Chloride (PVC)

  • Polystyrene (PS)

  • Polyethylene (PE)

  • Polycarbonate

  • Polypropylene

  • Polymethyl Methacrylate

  • Others

• Thermosetting Plastic

  • Polyurethane

  • Others

By Application

• Flooring

  • Wood Plastic Composite (WPC)

  • Luxury Vinyl Tile (LVT)

  • Stone Plastic Composite (SPC)

  • Others

• Window and Door Panel

• Siding

• Piping

• Roofing

• Insulation

• Others

By Region

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • Vietnam

  • Rest of Asia-Pacific

• LAMEA

  • Latin America

  • Middle East

  • Africa

Key Market Players Profiled in the Report

• BASF SE

• Chevron Phillips Chemical Company, LLC

• DowDuPont Inc.

• Koninklijke DSM N.V

• INEOS Group Holdings S.A.

• Lanxess Aktiengesellschaft

• LG Chem Ltd.

• LyondellBasell Industries Holdings B.V.

• SABIC

• Solvay S.A.

 Building and Construction Plastic Market Report Highlights