Building and Construction Plastic Market Research 2025
The Global Building And Construction Plastic Market size 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%.
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.
Market Dynamics
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 Market Report Highlights
| Aspects | Details |
 By Type |
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 By Application |
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 By Region |
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 Key Market Players | LG CHEM LTD., KONINKLIJKE DSM N.V, SABIC, LYONDELLBASELL INDUSTRIES HOLDINGS B.V., CHEVRON PHILLIPS CHEMICAL COMPANY, LLC., DOWDUPONT INC., INEOS GROUP HOLDINGS S.A., BASF SE, LANXESS AKTIENGESELLSCHAFT, SOLVAY S.A. |
Analyst Review
The usage of building and construction plastic in the application segment, such as flooring, piping, and insulation, is expected to increase globally due to the lower costs of this material. In addition, the demand for building and construction plastic is increasing due to numerous applications in renovation and retrofit activities of old buildings and flexible architectural designs, thereby it is estimated to boost the growth of the global market during the forecast period. Asia-Pacific is projected to be the highest revenue contributor, whereas LAMEA is expected to offer lucrative growth opportunities for the growth of the global market.
Development in the non-residential industry and increase in support offered by governments through incentives are estimated to fuel the growth of the global building and construction plastic market in the coming years. In addition, the key players have adopted various strategies such as acquisitions, product launches, and others to promote their businesses in the global market. For instance, in July 2017, Trinseo, a global materials solutions provider and manufacturer of plastics acquired API Applicazioni Plastiche Industriali S.p.A., a manufacturer of thermoplastic elastomeric compounds and bioplastics, thereby boosts the market growth. However, substitutes such as wood, concrete, and others hamper the growth of the global market. On the contrary, advancement in use of recycled plastics in the construction sector offers remunerative opportunities for the market growth.
Countries such as China and India fuel the growth of the global building and construction plastic market due to increasing demand for piping, flooring, and insulation. The building and construction industry is driven by the factor such as multiple utilization of plastic in commercial and residential sector across the regions. Furthermore, the demand for building and construction plastics in Japan is projected to grow slowly among Asian countries due to market shift toward China and India. However, rise in environmental concerns and stringent laws by regulatory bodies across the region are expected to hinder the growth of the global market.
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