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
- BASF SE
- 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
- 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
