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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<br>https://www.marketsandmarkets.com/Market-Reports/construction-plastics-market-233437057.html<br>
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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 Speak To Analyst
The global 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 the construction plastics market.
Recent Developments • In June 2018, BASF increased its global production capacity for Neopor at its Ludwigshafen, Germany, and Ulsan, Korea production sites. The expansion is a result of increasing demand for gray insulation material, globally. In October 2017, BASF launched the new product, Ultradur for the building & construction industry. The new product, which is composed of PVC, is expected to be used to replace steel in the windows application. In May 2017, LyondellBasell opened a new Hyperzone Polyethylene (PE) plant at its La Porte, Texas, complex for the manufacture of pipes. The plant has the capacity to produce 500,000 metric tons of High Density Polyethylene (HDPE) annually. • • REQUEST BUNDLE REPORTS
Based on plastics, the construction plastics market has been segmented into expanded polystyrene, polyethylene, polypropylene, polyvinyl chloride, and others (acrylic sheets, polycarbonate sheets, and reinforced plastics). Polyvinyl chloride is projected to be the largest segment of the market during the forecast period. Polyvinyl chloride is largely used in the pipes application, which has properties, such as thermal conductivity, insulation, scratch resistance, durability, design freedom, and flexibility, which is driving the PVC market. Moreover, cost of other materials is higher as compared with PVC.
On the basis of Region: • 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) • Total S.A. (France) Download PDF Brochure
Key Questions addressed by the report • What are the future revenue pockets in the construction plastics market? • Which key developments are expected to have a long- term impact on the construction plastics market? • Which products are expected to cannibalize existing markets? • How is the current regulatory framework expected to impact the market? GET 10% FREE CUSTOMIZATION ON THIS REPORT !!!
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