Dublin, Jan. 04, 2019 (GLOBE NEWSWIRE) -- The "Construction Plastics Market by Plastic Types (Expanded Polystyrene, Polyethylene, Polypropylene, Polyvinyl Chloride), Application (Insulation Materials, Windows & Doors, Pipes), End User, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The construction plastics market is estimated to be USD 75.6 billion in 2018 and is projected to reach USD 105.7 billion by 2023, at a CAGR of 6.9%.
The growth in consumption of lightweight materials, such as plastics is driving the demand for construction plastics. The low cost of plastics compared with other substitute materials is also a driving factor for the growth of construction plastics market. However, volatile prices of crude oil, a major raw material of plastics, is a potential restraint for the growth of the market. China's slowing economy and the prohibition of the use of PVC products in green buildings are some of the potential restraints of the market. "Polyvinyl Chloride (PVC) is projected to be the fastest-growing plastic in the construction plastics market" The polyvinyl chloride plastics market is projected to grow at the highest CAGR during the forecast period. The growing demand for polyvinyl chloride is due to its properties and low cost. PVC is majorly used in the pipes application, which has a major market share in the construction plastics market. This factor is projected to drive the growth of the market for PVC. The growing demand for PVC pipes in the construction application is increasing due to its properties, such as thermal insulation, flexibility, and others. The growth of the PVC segment is also attributed to its multiple uses. "Pipes projected to be the largest application in the construction plastics market" The pipes application is projected to grow at the highest CAGR between 2018 and 2023. This growth is mainly attributed to the properties of plastics, such as thermal conductivity, scratch resistance, durability, design freedom, flexibility, and insulation. Increasing demand for lightweight materials for use in the building & construction industry is driving the growth of the construction plastics market. "Asia Pacific projected to be the largest construction plastics market" The Asia Pacific construction plastics market is projected to grow at the highest CAGR between 2018 and 2023. This growth is mainly attributed to the shift of major industries, such as building & construction from western regions to the Asia Pacific region, especially China and India, due to the availability of cheap labor, supportive government policies, and availability of natural resources. China is projected to be the largest contributor to the Asia Pacific construction plastics market.
Key Topics Covered:
1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Attractive Opportunities in the Construction Plastics Market 4.2 Construction Plastics Market, By Application 4.3 Construction Plastics Market, By End User 4.4 Construction Plastics Market, By Region 4.5 Asia Pacific Construction Plastics Market, By Plastic Type and Country 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Demand for PVC in Building & Construction Industry 5.2.1.2 Increasing Demand for Expanded Polystyrene (EPS) Plastics 5.2.2 Restraints 5.2.2.1 China's Slowing Economy 5.2.2.2 Prohibition of PVC Products in Green Building 5.2.3 Opportunities 5.2.3.1 Increasing Investments and Financial Attractiveness in Emerging Economies 5.2.3.2 High Demand for Construction Plastics in Asia Pacific 5.2.4 Challenges 5.2.4.1 Volatility in Crude Oil Prices 5.3 Porter's Five Forces Analysis 5.3.1 Bargaining Power of Suppliers 5.3.2 Threat of New Entrants 5.3.3 Threat of Substitutes 5.3.4 Bargaining Power of Buyers 5.3.5 Intensity of Competitive Rivalry 6 Construction Plastics Market, By End User 6.1 Introduction 6.2 Non-Residential 6.2.1 Shifting of Manufacturers From Western Regions to the Asia Pacific is Driving the Growth of Non-Residential Sector 6.3 Residential 6.3.1 Increasing Use of Insulation Material is Driving the Growth of Residential Sector. 7 Construction Plastics Market, By Application 7.1 Introduction 7.2 Pipes 7.2.1 The Growing Demand for Lightweight Materials is Driving the Growth of Pipes Application. 7.3 Windows & Doors 7.3.1 New Constructions and Renovation Projects is Driving the Growth of Windows & Doors Application. 7.4 Insulation Materials 7.4.1 Thermal Resistance in Residential Sector to Increase the Growth of Insulation Materials Application. 7.5 Others 7.5.1 Ease Installation of Plastics in Construction is Growing to Drive the Construction Plastics Market. 8 Construction Plastics Market, By Plastic Type 8.1 Introduction 8.2 Expanded Polystyrene (EPS) 8.2.1 Properties Such as Tough Thermoplastic and Lightweight is Growing the EPS Market 8.3 Polyethylene 8.3.1 Asia Pacific is the Largest Consumer of Polyethylene in Construction Plastics. 8.4 Polypropylene 8.4.1 Increasing Consumption of Polypropylene in Applications Such as Pipes is Driving the Growth of Polypropylene Market. 8.5 Polyvinyl Chloride (PVC) 8.5.1 Properties of PVC Such as Thermal Conductivity is Driving the Growth of PVC in Construction Plastics 8.6 Others 8.6.1 Emerging Economies Such as Asia Pacific to Drive the Growth of Others Segment. 9 Regional Analysis 10 Competitive Landscape 10.1 Introduction 10.2 Ranking of Key Market Players, January 2013- November 2018 10.3 Competitive Situations & Trends 10.3.1 Expansions 10.3.2 Acquisitions 10.3.3 New Product Developments/Launches 10.3.4 Agreements 10.3.5 Joint Ventures/Partnerships 10.3.6 Mergers 10.3.7 Investments 11 Company Profiles 11.1 Dowdupont Inc 11.2 BASF SE 11.3 Asahi Kasei Corporation 11.4 Lyondellbasell Industries Holdings B.V. 11.5 Excelite 11.6 ACH Foam Technologies 11.7 Borealis AG 11.8 Solvay S.A. 11.9 Formosa Plastics Corporation 11.10 Saudi Basic Industries Corporation (SABIC) 11.11 Ineos Olefins & Polymers USA 11.12 Plazit Polygal Group 11.13 JM Eagle 11.14 Berry Plastics Corporation 11.15 Total S.A. 11.16 Other Key Players 11.16.1 PJSC Sibur Holding 11.16.2 Sigma Plastics Group 11.16.3 Aep Industries Inc. 11.16.4 Chevron Phillips Chemical Company LLC 11.16.5 Engineered Profiles LLC. 11.16.6 Saint-Gobain S.A. 11.16.7 China Petrochemical Corporation 11.16.8 Sumitomo Chemical
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