Global Construction Plastics Market

Global Construction Plastics Market Size, Share, Growth Analysis, By Type(PVC, polyurethane), By Application(Window, roofing) - Industry Forecast 2023-2030


Report ID: SQMIG20B2026 | Region: Global | Published Date: July, 2023 | Pages: 157 | Tables: 64 | Figures: 75

Global Construction Plastics Market Insights

Construction Plastics Market size was valued at USD 92.74 billion in 2021 and is poised to grow from USD 99.23 billion in 2022 to USD 170.50 billion by 2030, at a CAGR of 7% during the forecast period (2023-2030).

The Global Construction Plastics Market is a dynamic and rapidly growing industry that encompasses the production, supply, and utilization of various plastic materials in the construction sector. With the increasing demand for sustainable and cost-effective building solutions, construction plastics have gained significant traction as a versatile and durable alternative to traditional construction materials. The market is driven by several factors, including urbanization, population growth, infrastructure development, and technological advancements. Construction plastics find wide-ranging applications in roofing, insulation, windows and doors, pipes and fittings, flooring, and wall cladding, among others. They offer benefits such as lightweight, corrosion resistance, thermal and acoustic insulation, energy efficiency, design flexibility, and ease of installation, making them highly sought-after in the construction industry. Moreover, the growing emphasis on environmentally friendly construction practices has fueled the adoption of recyclable and eco-friendly plastics, contributing to the market's expansion. Key players in the global market include major manufacturers, suppliers, and distributors who cater to the diverse needs of residential, commercial, and industrial construction projects worldwide. The market is highly competitive and characterized by continuous research and development efforts to introduce innovative plastic products that meet evolving construction requirements. As the construction industry continues to evolve and embrace sustainable practices, the global market is projected to witness steady growth in the coming years.

US Construction Plastics Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 92.74 billion

Largest Segment

polyvinyl chloride (PVC)

Fastest Growth

polyvinyl chloride (PVC)

Growth Rate

7% CAGR

Global Construction Plastics Market ($ Bn)
Country Share for North America Region (%)
Global Construction Plastics Market By Type ($ Bn)
Global Construction Plastics Market By Type (%)

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Global Construction Plastics Market Segmental Analysis

The Global Construction Plastics Market is segmented on the basis of type, application, and region. Based on type, the market can be segmented into PVC, polyurethane, polypropylene and polyethylene. Based on application, the market is segmented into Window, roofing, flooring, insulation and piping. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Construction Plastics Market Analysis By Type

The dominant segment in the Global Construction Plastics Market is PVC (Polyvinyl Chloride). PVC is widely used in the construction industry due to its excellent properties such as durability, versatility, and cost-effectiveness. It is extensively utilized in applications such as pipes and fittings, window profiles, roofing, and insulation materials. PVC's popularity can be attributed to its resistance to chemicals, weathering, and fire, making it a preferred choice for construction projects globally.

On the other hand, the fastest-growing segment in the Global Construction Plastics Market is Polyurethane. Polyurethane offers exceptional thermal insulation properties, high strength-to-weight ratio, and excellent adhesion capabilities. It finds increasing applications in construction materials like insulation panels, adhesives, sealants, and coatings. The growing demand for energy-efficient buildings and the need for sustainable construction solutions have propelled the adoption of polyurethane in the construction industry, driving its rapid growth within the market.

Construction Plastics Market Analysis By Application

The dominant segment in the global construction plastics market is roofing. Roofing materials made from construction plastics, such as PVC and polyethylene, are widely used due to their durability, weather resistance, and cost-effectiveness. Roofing plastics offer excellent protection against harsh weather conditions, UV radiation, and corrosion, making them a preferred choice for both residential and commercial buildings.

The fastest-growing segment in the Global Construction Plastics Market is insulation. Insulation materials made from polyurethane and polyethylene plastics are experiencing rapid growth due to the increasing emphasis on energy efficiency in construction. Plastic insulation provides superior thermal resistance, reduces heat transfer, and improves energy efficiency in buildings. With a rising focus on sustainable construction practices and stricter regulations on energy consumption, the demand for plastic insulation in residential, commercial, and industrial buildings is expected to witness significant growth in the coming years.

Global Construction Plastics Market By Type, 2021 (%)

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Global Construction Plastics Market Regional Insights

The dominant region in the Global Construction Plastics Market is Asia Pacific. Asia Pacific holds the largest market share due to rapid urbanization, infrastructural development, and a growing population in countries like China, India, and Southeast Asian nations. The region's construction industry is witnessing robust growth, leading to increased demand for construction plastics across various applications such as roofing, piping, insulation, and more.

The fastest-growing region in the Global Construction Plastics Market is the Middle East and Africa. The region is experiencing substantial growth in construction activities driven by investments in infrastructure projects, commercial and residential buildings, and tourism-related developments. With rising urbanization, a need for sustainable building solutions, and government initiatives promoting infrastructure development, the demand for construction plastics in the Middle East and Africa is expected to witness significant growth in the coming years.

Global Construction Plastics Market By Geography, 2023-2030
  • Largest
  • Fastest

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Global Construction Plastics Market Dynamics

Construction Plastics Market Drivers

Increasing demand for sustainable and cost-effective building solutions

  • One key driver of the Global Construction Plastics Market is the increasing demand for sustainable and cost-effective building solutions. Construction plastics offer several advantages such as lightweight, durability, energy efficiency, and design flexibility, making them an attractive choice for construction projects. The focus on sustainable construction practices and the need to reduce environmental impact have further boosted the adoption of construction plastics in the market.

Construction Plastics Market Restraints

Environmental concerns associated with plastic waste and disposal

  • One key restraint of the Global Construction Plastics Market is the environmental concerns associated with plastic waste and disposal. Plastic waste management and recycling are pressing issues worldwide. The construction industry, being a significant consumer of plastics, contributes to plastic waste generation. The improper disposal and lack of effective recycling infrastructure pose challenges in managing plastic waste and minimizing its environmental impact. As a result, there is a growing need for sustainable practices and improved recycling initiatives to address the environmental concerns related to construction plastics.

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Global Construction Plastics Market Competitive Landscape

The competitive landscape of the Global Construction Plastics Market is characterized by intense competition among various players operating in the industry. These players strive to gain a competitive edge through product innovation, expansion of production capacities, strategic collaborations, and mergers and acquisitions. The market is highly fragmented, with a mix of large multinational corporations, regional players, and small-scale manufacturers. Continuous research and development efforts are being undertaken to introduce advanced construction plastic products that meet evolving customer demands. Additionally, players in the market are focusing on sustainability, incorporating recycled materials, and adopting environmentally friendly manufacturing processes to cater to the increasing demand for eco-conscious construction solutions. The competitive landscape is dynamic and evolving as companies aim to capture a larger market share and establish a strong presence in key regions across the globe.

Construction Plastics Market Top Player’s Company Profiles

  • Asahi Kasei Corporation (Japan)
  • LyondellBasell Industries Holdings B.V. (Netherlands)
  • Borealis AG (Austria)
  • Solvay S.A. (Belgium)
  • Berry Plastics Corporation (US)
  • Total S.A. (France)
  • SABIC (Saudi Arabia)
  • Mitsubishi Chemical Corporation (Japan)
  • Arkema SA (France)
  • Covestro AG (Germany)
  • LG Chem Ltd. (South Korea)
  • Formosa Plastics Corporation (Taiwan)
  • INEOS Group Holdings S.A. (Switzerland)
  • Saudi Basic Industries Corporation (Saudi Arabia)
  • Eastman Chemical Company (US)
  • Westlake Chemical Corporation (US)
  • MOL Group (Hungary)

Construction Plastics Market Recent Developments

  • In February 2023, BASF SE announced the expansion of its production capacities for Neopor® Expandable Polystyrene (EPS) insulation, catering to the increasing demand for energy-efficient construction materials.
  • In November 2022, Solvay S.A. introduced its Technyl® 4earth® range of recycled polyamide (PA) materials, contributing to sustainable construction practices through the use of recycled plastics.
  • In September 2022, Borealis AG unveiled its Borstar® R3BX pipe solution, offering enhanced performance and durability for plastic pipe systems in construction and infrastructure projects.
  • In May 2022, Dow announced the launch of its AGILITY™ performance LDPE resin, providing improved toughness and impact resistance for construction applications.
  • In January 2022, Asahi Kasei Corporation launched its Thermylene® P11 thermoplastic resin, designed for improved stiffness and heat resistance in automotive and construction applications.
  • In August 2021, LyondellBasell Industries Holdings B.V. completed the acquisition of A. Schulman, Inc., a leading supplier of high-performance plastic compounds, composites, and powders.
  • In July 2021, Berry Plastics Corporation announced the acquisition of Clopay Plastic Products Company, Inc., a manufacturer of breathable films and laminates for various industries.
  • In March 2021, DuPont introduced its Tyvek® Air and Water Barrier products for enhanced building envelope protection, providing improved energy efficiency and moisture management.

Global Construction Plastics Key Market Trends

  • Increasing focus on sustainable construction practices: One key market trend in the Global Construction Plastics Market is the increasing focus on sustainable construction practices. There is a growing demand for construction plastics that offer eco-friendly properties, such as the use of recycled materials and improved recyclability. This trend is driven by environmental concerns and the need to reduce the carbon footprint of the construction industry. Market players are investing in research and development to introduce sustainable construction plastic solutions that align with circular economy principles and meet the growing demand for environmentally friendly building materials. The trend towards sustainable construction practices is expected to continue shaping the market in the coming years.

Global Construction Plastics Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our Global Construction Plastics Market analysis, global market is a rapidly growing industry driven by the increasing demand for sustainable and cost-effective building solutions. Construction plastics, such as PVC, polyurethane, polypropylene, and polyethylene, find widespread applications in roofing, insulation, windows, pipes, flooring, and more. They offer benefits such as durability, energy efficiency, design flexibility, and ease of installation. The market is dominated by PVC, while polyurethane is the fastest-growing segment. In terms of applications, roofing is the dominant segment, while insulation is the fastest-growing segment. The market is highly competitive, with players focusing on product innovation and sustainability. Key market trends include the emphasis on sustainable construction practices and the use of recycled materials. The market is geographically diverse, with Asia Pacific leading in terms of market share, and the Middle East and Africa as the fastest-growing region. However, environmental concerns related to plastic waste and disposal pose challenges to the market. Overall, the global market is projected to witness steady growth in the coming years as the construction industry continues to evolve and embrace sustainable practices.

Report Metric Details
Market size value in 2021 USD 92.74 billion
Market size value in 2030 USD 170.50 billion
Growth Rate 7%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • PVC, polyurethane, polypropylene and polyethylene
  • Application
    • Window, roofing, flooring, insulation and piping
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Asahi Kasei Corporation (Japan)
  • LyondellBasell Industries Holdings B.V. (Netherlands)
  • Borealis AG (Austria)
  • Solvay S.A. (Belgium)
  • Berry Plastics Corporation (US)
  • Total S.A. (France)
  • SABIC (Saudi Arabia)
  • Mitsubishi Chemical Corporation (Japan)
  • Arkema SA (France)
  • Covestro AG (Germany)
  • LG Chem Ltd. (South Korea)
  • Formosa Plastics Corporation (Taiwan)
  • INEOS Group Holdings S.A. (Switzerland)
  • Saudi Basic Industries Corporation (Saudi Arabia)
  • Eastman Chemical Company (US)
  • Westlake Chemical Corporation (US)
  • MOL Group (Hungary)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Construction Plastics Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Construction Plastics Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Construction Plastics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Construction Plastics Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Construction Plastics Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Construction Plastics Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Construction Plastics Market size was valued at USD 92.74 billion in 2021 and is poised to grow from USD 99.23 billion in 2022 to USD 170.50 billion by 2030, at a CAGR of 7% during the forecast period (2023-2030).

The competitive landscape of the Global Construction Plastics Market is characterized by intense competition among various players operating in the industry. These players strive to gain a competitive edge through product innovation, expansion of production capacities, strategic collaborations, and mergers and acquisitions. The market is highly fragmented, with a mix of large multinational corporations, regional players, and small-scale manufacturers. Continuous research and development efforts are being undertaken to introduce advanced construction plastic products that meet evolving customer demands. Additionally, players in the market are focusing on sustainability, incorporating recycled materials, and adopting environmentally friendly manufacturing processes to cater to the increasing demand for eco-conscious construction solutions. The competitive landscape is dynamic and evolving as companies aim to capture a larger market share and establish a strong presence in key regions across the globe. 'Dow (US)', 'DuPont (US)', 'BASF SE (Germany)', 'Asahi Kasei Corporation (Japan)', 'LyondellBasell Industries Holdings B.V. (Netherlands)', 'Borealis AG (Austria)', 'Solvay S.A. (Belgium)', 'Berry Plastics Corporation (US)', 'Total S.A. (France)', 'SABIC (Saudi Arabia)', 'Mitsubishi Chemical Corporation (Japan)', 'Arkema SA (France)', 'Covestro AG (Germany)', 'LG Chem Ltd. (South Korea)', 'Formosa Plastics Corporation (Taiwan)', 'INEOS Group Holdings S.A. (Switzerland)', 'Saudi Basic Industries Corporation (Saudi Arabia)', 'Eastman Chemical Company (US)', 'Westlake Chemical Corporation (US)', 'MOL Group (Hungary)'

One key driver of the Global Construction Plastics Market is the increasing demand for sustainable and cost-effective building solutions. Construction plastics offer several advantages such as lightweight, durability, energy efficiency, and design flexibility, making them an attractive choice for construction projects. The focus on sustainable construction practices and the need to reduce environmental impact have further boosted the adoption of construction plastics in the market.

Increasing focus on sustainable construction practices: One key market trend in the Global Construction Plastics Market is the increasing focus on sustainable construction practices. There is a growing demand for construction plastics that offer eco-friendly properties, such as the use of recycled materials and improved recyclability. This trend is driven by environmental concerns and the need to reduce the carbon footprint of the construction industry. Market players are investing in research and development to introduce sustainable construction plastic solutions that align with circular economy principles and meet the growing demand for environmentally friendly building materials. The trend towards sustainable construction practices is expected to continue shaping the market in the coming years.

The dominant region in the Global Construction Plastics Market is Asia Pacific. Asia Pacific holds the largest market share due to rapid urbanization, infrastructural development, and a growing population in countries like China, India, and Southeast Asian nations. The region's construction industry is witnessing robust growth, leading to increased demand for construction plastics across various applications such as roofing, piping, insulation, and more.

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Global Construction Plastics Market

Product ID: SQMIG20B2026

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