Construction Plastics: Introduction

  • The global construction plastics market has been expanding owing to the improvement in infrastructure standards. Despite large-scale condemnation of plastic-usage, the need for plastics in the constructions industry remains undiminished. Furthermore, unavailability of substitutes for high-quality plastics is also driving the global market. The use of construction plastics is not just restricted to pipes and furniture. On the contrary, these plastics are a part of the entire cycle of construction at a particular site.
  • Temporary staircases and dismantlable sections are made up of construction plastics. Rise in trend of making raw and convertible sections in houses is augmenting the global construction plastics market. The use of construction plastics in Canada has been rising. The country has taken efforts to incorporate the most optimal means of construction. Hence, the construction plastics market in North America is estimated to expand significantly in the near future.

Key Drivers and Restraints of Global Construction Plastics Market

  • The construction plastics market has developed significantly in the recent years. This can be primarily ascribed to the high performance and increasing recognition of recycled plastics across the globe. Construction plastics play an important role in addressing several issues associated with thermal conductivity, insulation, scratch resistance, durability, design freedom, and flexibility. Rise in usage of plastics in the construction industry is expected to propel the construction plastics market during the forecast period.
  • Plastics are also employed in construction due to their lightness of weight. They are also easier to transport and handle. Construction plastics are resistant to rot and corrosion and have strong weatherability. Plastic can also be flexible, and can be easily extruded, bent, molded, and 3D printed. Construction plastics are commonly used in pipes, cables, coverings, panels, films, and sheets. Increase in demand for PVC in the building & construction industry and rise in demand for expanded polystyrene (EPS) plastics are major factors expected to drive the global construction plastics market.

Construction Plastics: Type Segment

  • In terms of type, the global construction plastics market can be segmented into expanded polystyrene, polyethylene, polypropylene, and polyvinyl chloride
  • The expanded polystyrene segment is anticipated to account for significant share of the global construction plastics market during the forecast period. It is estimated to be followed by the polyethylene segment.
  • The polyvinyl chloride segment is likely to expand at a rapid pace during the forecast period, due the cheaper cost and easy recycling process of polyvinyl chloride

Construction Plastics: Application Segment

  • In terms of application, the global construction plastics market can be divided into insulation materials, windows & doors, and pipes
  • The insulation materials segment is estimated to expand at a rapid pace during the forecast period. It is projected to be followed by the windows & doors segment.
  • The pipes segment is likely to expand at a healthy CAGR during the forecast period, owing to the expansion of the construction industry

COVID-19 Impact on Construction Plastics Market

  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
  • Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
  • Manufacture of various consumer goods and other products across the globe has come to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the construction plastics market.

Asia Pacific to Dominate Construction Plastics Market

  • In terms of region, the global construction plastics market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific dominated the construction plastics market in 2020. This trend is anticipated to continue during the forecast period due to rapid industrialization and increase in personal disposable income of consumers in the region. Increase in demand for plastics in various end-use industries, such as construction, is also expected to boost the construction plastics market in Asia Pacific. China is the largest producer of plastics. It manufactures plastics at low rates. Thus, Asia Pacific is an attractive region of the global construction plastics market.
  • The construction plastics market in North America is anticipated to expand at a rapid pace owing to the increase in usage of construction plastics in Canada

Key Manufacturers Operating in Global Construction Plastics Market

The global construction plastics market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global construction plastics market include:

  • DowDuPont
  • Asahi Kasei Corporation
  • LyondellBasell Industries Holdings B.V.
  • Borealis AG
  • Solvay S.A.
  • Saudi Basic Industries Corporation (SABIC)
  • Berry Plastics Corporation
  • Total S.A.

Global Construction Plastics Market: Research Scope

Global Construction Plastics Market, by Type

  • Expanded Polystyrene
  • Polyethylene
  • Polypropylene
  • Polyvinyl Chloride

Global Construction Plastics Market, by Application

  • Insulation Materials
  • Windows & Doors
  • Pipes

Global Construction Plastics Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Construction Plastics Market