Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Each plastic material has its own properties to suit its particular uses. Plastics find use in buildings mainly in thin coverings, panels, sheets, foams, pipes etc. Correct use of plastics expands the usefulness and life of conventional building materials, which help them to function more efficiently and economically. Furthermore, the success of plastic as an engineering material depends up on the selection of variety of plastic. They are manufactured in different forms such as molding pipes, sheets and films. Moreover, in the market there are so many types of plastics available such as transparent, colored etc. Suitable pigments are added in the process of manufacturing of plastic material to get these different properties. So, these gives good appearance to the structure and makes it attractive. In addition, the building and construction sector in Europe consumes around 10 million tons of plastics each year (20% of total European plastics consumption), making it the second largest application for plastics after packaging. Owing to this high consumption and significant properties of plastic, the construction plastic market is expected grow in near future.
Factors such as growth in use of recycled plastics in construction, increasing demand for expanded polystyrene (EPS) plastics, and rise in demand for plastics due to low cost & physical properties are driving the construction plastic market. In addition, increasing demand for PVC in building & construction industry is also the factor driving the construction plastic market. However, restriction of PVC in green buildings and rising environmental concerns are some factors hindering the growth of construction plastic market globally.
The construction plastic market is classified into type, application, end user and geography.
Various types of construction plastic market were studied in the report such as polyvinyl chloride (PVC), polystyrene (PS), acrylics, polyurethanes (PU), thermoplastics elastomers (TPE), composite materials and others (includes polypropylene, polycarbonates, etc.). The plastics made of poly vinyl chloride (PVC pipes) offers great resistance against moisture and fire resistance. Plastics flooring products are manufactured in flexible PVC and Polyethylene and are used in domestic, commercial and industrial applications worldwide.
Based on application, the construction plastic market is segmented into flooring, window & door panel, siding, piping, roofing, insulation. Further, the flooring segment is bifurcated into wood plastic composite (WPC), luxury vinyl tile (LVT) and stone plastic composite (SPC). Plastic pipes and tubing systems are used within the building and on the outer premises for a variety of applications such as water service, plumbing, hydronic heating & cooling, fire protection, snow melting, and geothermal piping systems. Whereas, polyurethane foams are used in rigid insulation and sprayed roofing because of their thermal resistivity. Furthermore, plastic materials like PVC and polyethylene are used to make flooring less prone to wear and tear. It also decreases the sound pollution level and are easy to clean.
On the basis of end user, the construction plastic market is non-residential and residential. There is a significant use of plastic in the residential segment owing to the ongoing trend of urbanization in large parts of the world and challenges to create affordable living space in the cities is one of the most urgent aspects of many national development plans.
The construction plastic market report is studied across the key countries of North America, Europe, Asia Pacific and Rest of the World. Due to rapid industrialization, growing disposable incomes and increasing demand for plastics from various end-use industries the Asia Pacific region is projected to witness the largest share in the construction plastic market. Significant growth during the forecast period. Whereas, rising demand for renovation of old buildings, expanding construction sector in countries such as the U.S. and Canada is estimated to propel the construction plastic market in North America.
The market involves various key companies in the global construction plastic market such as DowDuPont (US), BASF SE (Germany), Asahi Kasei Corporation (Japan), LyondellBasell Industries, Holdings B.V. (Netherlands), Borealis AG (Austria), Solvay S.A. (Belgium), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Berry Plastics Corporation (US) and Total S.A. (France). The majority of companies are aiming towards product launches and mergers & acquisitions to enhance their visibility in the high competitive arena of the market.
The construction plastic market is classified into type, application, end user and geography. Various types of construction plastic market were studied in the report such as Polyvinyl chloride (PVC), Polystyrene (PS), Acrylics, Polyurethanes (PU), Thermoplastics Elastomers (TPE), Composite materials and Others (Includes polypropylene, polycarbonates, etc.). The plastics made of poly vinyl chloride (PVC pipes) offers great resistance against moisture and fire resistance. Plastics flooring products are manufactured in flexible PVC and Polyethylene and are used in domestic, commercial and industrial applications worldwide. Based on application, the construction plastic market is segmented into flooring, Window and Door Panel, Siding, Piping, Roofing, Insulation. Further, the flooring segment is bifurcated into wood plastic composite (WPC), luxury vinyl tile (LVT) and stone plastic composite (SPC). Plastic pipes and tubing systems are used within the building and on the outer premises for a variety of applications such as water service, plumbing, hydronic heating & cooling, fire protection, snow melting, and geothermal piping systems. On the basis of end user, the construction plastic market is non-residential and residential. There is a significant use of plastic in the residential segment owing to the ongoing trend of urbanization in large parts of the world and challenges to create affordable living space in the cities is one of the most urgent aspects of many national development plans. The construction plastic market report is studied across the key countries of North America, Europe, Asia Pacific and Rest of the World. Due to rapid industrialization, growing disposable incomes and increasing demand for plastics from various end-use industries the Asia Pacific region is projected to witness the largest share in the construction plastic market. Significant growth during the forecast period.
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