The global construction plastic market was valued at USD 72.3 billion in 2018 and is projected to reach a value of USD billion by 2026, registering.

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Presentation transcript:

The global construction plastic market was valued at USD 72.3 billion in 2018 and is projected to reach a value of USD billion by 2026, registering a CAGR of 7.1% during the forecast period, 2019–2026.

The demand for building and construction plastics is increasing with the sizable investments in residential and commercial infrastructure. Key players are adopting various strategies such as product launches and acquisitions to stimulate market growth. Construction plastics are used for various purposes such as flooring, cladding and roof membranes, cables, flooring and wallcovering, insulation, piping, and window and door panels in the building and construction industry. Different types of plastic composites are used in floorings, including wood plastic composite (WPC), luxury vinyl tiles (LVT), and stone plastic composite (SPC). Contraction plastics belong to the family of synthetic materials derived from petrochemicals and often have two or more components. Numerous families of plastics are used in the construction industry due to their favorable properties such as lightweight, strength, and others.

The Construction Plastic market report is the most important research for who looks for complete information on the global trends for the Construction Plastic market. This report covers all information on the Global as well as regional markets including old and future trends for market demand, supply, size, competitors, prices and Global predominant vendors' information. the report also provides a complete overview of Construction Plastic markets; including key players, types, manufacturing segment, cost, fluid market shares, and market dynamics in The report has been prepared based on the synthesis, analysis, and interpretation of information about the Construction Plastic market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company details, product portfolio, financial overview, new project launched, recent development analysis are the parameters included in the profile.

In North America, the demand for energy-efficient buildings is increasing, specifically in developed countries. The region is focusing on the energy efficient renovation of existing building structures, and the new construction of buildings accounts for a comparatively slow dynamic. Rules and regulations for the use of green plastics in building and construction are also expected to boost the growth of the global constructional plastic market. Some of the prominent players operating in the construction plastic market are DowDuPont (U.S.), BASF Se (Germany), Asahi Kasei Corporation (Japan), Solvay S.A. (Belgium), LyondellBasell Holding B.V. (Netherlands), Borealis AG (Austria), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Berry Plastics Corporation (U.S.), and Total S.A. (France).