Construction Plastics Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: CMR 70985 Report Format: PDF + Excel

Construction Plastics Market Overview

Construction plastics market size is forecast to reach US$104.7 billion by 2027, after growing at a CAGR of 5.3% during 2022-2027. The construction plastics market has been expanding globally owing to the enhancements in infrastructure standards. The unavailability of substitutes for high-quality construction plastics is also driving the market growth. Construction plastics such as high density polyethylene (HDPE), expanded polystyrene (EPS), polyethylene terephthalate (PET), and polyvinyl chloride (PVC) is not only used in pipes and furniture, but also in temporary staircases and dismantlable sections on construction sites. Increase in the trend of making convertible sections in residential buildings, and rise in recognition of recycled plastics is growing the demand for the global construction plastics market. The use of construction plastics in addressing many issues related with thermal conductivity, scratch resistance, insulation, durability, flexibility, and design freedom, is expected to propel the construction plastics market during the forecast period.

COVID-19 Impact

The COVID-19 outbreak widely affected the construction plastics market over the year 2020. The manufacturing process of various products in the end-use industry declined due to the non-functioning of the manufacturing plants, during pandemic lockdown norms. The sales of different raw materials have also witnessed a halt during this period. Economies of each sector got affected and resulted in stagnation of activities across the end use industries that uses construction plastics. For instance, according to the journal by The Electrochemical Society, on “the impact of COVID-19 in the construction sector and its remedial measures”, from the 1st quarter to the 2nd quarter of 2020, gross domestic product (GDP) from construction in Italy declined from 15803.80 EUR million (US$ 17,916.8 Million) to 12168.40 EUR million (US$ 13,796.5 million). Thus, once the building and construction activities get back on track and start functioning with total capacity, the market for construction plastics is estimated to incline in the upcoming years.

Report Coverage

The report: “Construction Plastics Market – Forecast (2022 - 2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the construction plastics industry.

By Plastics Type: Acrylic, Composites, Expanded polystyrene, ETFE, Polycarbonate, Polyethylene, Polypropylene, Polyvinyl chloride (PVC), and Others.
By Application: Insulation Materials, Windows & Doors, Pipes, Flooring, Roof Coverings, and Others.
By End User: Residential Construction (Independent homes, Row homes, Large apartment buildings), Non-Residential Construction (Commercial Construction, Industrial, Infrastructure), and Others.
By Geography: North America (U.S.A., Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East and Africa).

Key Takeaways

  • The Asia Pacific dominates the construction plastics market owing to the rising growth and increasing investments in the construction industry. For instance, the building and construction industry with an increase of about 4.2% reached about US$ 11.9 trillion in 2020 from 2019, according to the World Bank.
  • The rising demand for construction plastics in residential sector, due to its usage as a protective material or as a barrier to sound, moisture, water, and in other applications, has been a critical factor driving the growth of the construction plastics market in the upcoming years.
  • However, the environmental effects of construction plastics can hinder the growth of the construction plastics market over the forecast period.

Figure: Asia-Pacific Construction Plastics Market Revenue, 2021-2027 (US$ Billion)


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Construction Plastics Market Segment Analysis – By Plastics Type

The polyvinyl chloride (PVC) segment held the largest share in the construction plastics market in 2021. Polyvinyl chloride plastic is widely used in the construction applications such as pipes, cables, flooring, window profiles, and roofing. PVC enhances the quality, cost-effectiveness, and safety of the construction materials, and also, have a less environmental effect, as compared to other construction plastics such as acrylic, composites, polypropylene, and other plastics. Polyvinyl chloride exhibits properties, such as thermal conductivity, scratch resistance, durability, insulation, flexibility, and design freedom. Thus, the growing demand for PVC plastic, in construction sector, will drive the demand for construction plastics market over the forecast period.

Construction Plastics Market Segment Analysis – By Application

The flooring segment held the largest share in the construction plastics market in 2021. Construction plastics are majorly used to provide extreme toughness, and abrasion resistance to the floors. Construction plastics materials such as polyvinyl chloride (PVC), polyethylene terephthalate (PET), and polyethylene (PE) are used to prevent wear and tear of flooring. Construction plastics flooring can also be cleaned easily. In industrial or commercial sectors, for flooring applications, construction plastics can be used in airplane hangars, hospitals, commercial stores, garages, and others. The rising investments in construction projects, will drive the market growth. For instance, according to the Government of Canada, the Government of Ontario, in 2021, announced the investment of up to US$41.8M for the construction of the new Grey Bruce Health Services Markdale Hospital. Thus, such investments will drive the demand for flooring applications and will raise the growth of the market over the forecast period. 

Construction Plastics Market Segment Analysis – By End-User

The non - residential construction segment held the largest share in the construction plastics market in 2021 and is estimated to grow at a CAGR of 6.2% during 2022-2027. Construction plastics are majorly used for thermal insulation, carpet, window and door frames, and piping in buildings. Construction plastics can be utilized in showrooms, manufacturing plants, hospitals, retail stores, and others, in non - residential construction sectors. The increasing investments in non - residential construction, will drive the market growth. For instance, in 2019, Larsen & Toubro, won projects for building manufacturing capacity, commercial complexes, and hospitals, costing between US$ 336.6 million to US$ 673.2 million, in India. Thus, such investments will drive the demand for non - residential construction plastics segment and will increase the growth of the construction plastics market over the forecast period. 

Construction Plastics Market Segment Analysis – By Geography

Asia-Pacific region dominated the construction plastics market with a share of 37% in the year 2021. The Asia Pacific region is predicted to continue its dominance in the market during the forecast period due to the increasing requirement for construction plastics in developing countries such as China, Japan, India, and South Korea. China is estimated to continue its dominance in the construction plastics market, due to the growth of the construction industries, during the forecast period. India is also predicted to increase their construction plastics market during the forecast period, with the rise in investments by the government in construction industry. For instance, in 2021, Union Minister of Road Transport Highways, invested US$ 3.4 billion, to launch 1,080 km road construction projects in Gujarat under the Bharatmala Pariyojana. Construction plastics are used for applications such as insulation materials, flooring, roof coverings, and others. Thus, the rising usage of construction plastics, will drive the market growth in the forecast period. 

Construction Plastics Market Drivers

Rise in Usage of Plastics in the Construction Industry is Expected to Propel the Market Growth

Plastics are used in construction industry due to their light weight, due to which it is easier to transport and handle the construction plastics. Construction plastics are resistant to rotting and corrosion, and are also weather resistant. Plastic can be flexible, easily extruded, moulded, and bent. Therefore, construction plastics are usually used in pipes, coverings, cables, panels, sheets, and films. The demand for plastics such as polyethylene terephthalate (PET), expanded polystyrene (EPS), and polyvinyl chloride (PVC), will rise with the growth of building and construction activities in emerging economies. For instance, according to Invest India, by 2025, the building and construction industry is estimated to reach US$ 1.4 Tn. Thus, with the growth of the construction sector, the market for construction plastics is anticipated to propel over the forecast period. 

Surge in Demand for Residential Construction is Driving the Market Growth

The residential construction segment is growing by increasing investments and funding in the residential construction. Construction plastics are utilized in residential construction industry as a protective material or as a barrier to sound, moisture, water, and in other applications. Globally, the rise in housing projects launched by the governments, is driving the residential construction segment growth. For instance, according to the Invest India, in 2021, total of 91.5 lakh houses were grounded for construction and 53 lakhs houses were completed, out of 1.14 Cr sanctioned houses. Thus, with the increasing housing projects in residential construction sector, the market for construction plastics is anticipated to propel over the forecast period.

Construction Plastics Market Challenges

Environmental Effects of Construction Plastics Will Hamper the Market Growth

The most widely used plastics in construction sector are high density polyethylene (HDPE), expanded polystyrene (EPS), polyethylene terephthalate (PET), and polyvinyl chloride (PVC). Construction plastics are utilized for different applications such as seals, doors, pipes, windows, cables, insulation, and floor coverings. The main challenge of construction plastics is segregation, reuse, and recycle of plastic waste. Construction plastics materials takes up to 1,000 years to degrade in landfill, creating land and water pollution. Additionally, plastics are degraded under direct sunlight which decreases their mechanical strength, also, thermoplastics creeps and softens at moderate temperatures. Thus, the environmental effects of construction plastics will hamper the market growth.

Construction Plastics Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies players adopt in this market. Construction Plastics top 10 companies include:

  1. DowDuPont
  2. BASF SE
  3. Asahi Kasei Corporation
  4. LyondellBasell Industries Holdings B.V.
  5. Borealis AG
  6. Solvay S.A.
  7. Saudi Basic Industries Corporation (SABIC)
  8. Berry Plastics Corporation
  9. Total S.A.
  10. Security Matters, Ltd

Recent Developments

  • In April 2020, BASF and Security Matters, Ltd collaborated to accelerate progress towards a circular economy for plastics, to improve the traceability and sorting of plastics in the value chain. 

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1. Construction Plastics Market- Market Overview
    1.1 Definitions and Scope
2. Construction Plastics Market - Executive Summary
    2.1 Key Trends by Plastics Type
    2.2 Key Trends by Application
    2.3 Key Trends by End User
    2.4 Key Trends by Geography
3. Construction Plastics Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Construction Plastics Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Construction Plastics Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Construction Plastics Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Construction Plastics Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Construction Plastics Market – By Plastics Type (Market Size -US$ Million/Billion)
    8.1 Acrylic
    8.2 Composites
    8.3 Expanded polystyrene
    8.4 ETFE
    8.5 Polycarbonate
    8.6 Polyethylene
    8.7 Polypropylene
    8.8 Polyvinyl chloride (PVC)
    8.9 Others
9. Construction Plastics Market – By Application (Market Size -US$ Million/Billion)
    9.1 Insulation Materials
    9.2 Windows & Doors
    9.3 Pipes
    9.4 Flooring
    9.5 Roof Coverings
    9.6 Others
10. Construction Plastics Market – By End User (Market Size -US$ Million/Billion)
    10.1 Residential Construction
        10.1.1 Independent homes
        10.1.2 Row homes
        10.1.3 Large apartment buildings
    10.2 Non - Residential Construction
        10.2.1 Commercial Construction
            10.2.1.1 Hospitals and Healthcare Infrastructure
            10.2.1.2 Educational Institutes
            10.2.1.3 Hotels and Restaurants
            10.2.1.4 Banks and Financial Institutions
            10.2.1.5 Airports
            10.2.1.6 Hyper and Super Market
            10.2.1.7 Shopping Malls
            10.2.1.8 Others
        10.2.2 Industrial
            10.2.2.1 Manufacturing Plants
            10.2.2.2 Industrial Plants
            10.2.2.3 Warehouses
            10.2.2.4 Others
        10.2.3 Infrastructure
            10.2.3.1 Tunnels and Mining
            10.2.3.2 Dams
            10.2.3.3 Bridges
            10.2.3.4 Roads
        10.2.4 Others 
11. Construction Plastics Market - By Geography (Market Size -US$ Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zeeland
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Construction Plastics Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Construction Plastics Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share at Country Level - Major companies
    13.4 Market Share by Key Geography - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product - Major companies
14. Construction Plastics Market – Key Company List by Country Premium Premium
15. Construction Plastics Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

List of Tables

1 US Construction Plastics Market Size 2018
2 Canada Construction Plastics Market Share 2018
3 Brazil Construction Plastics Market Outlook 2019 - 2023
4 Mexico Construction Plastics Market Research 2018
5 Germany Construction Plastics Market Trends 2019 - 2023 
6 France Construction Plastics Market Growth 2019 - 2023 
7 UK Construction Plastics Market Demand 2019 - 2023 
8 Italy Construction Plastics Market Segmentation 2018
9 Russia Construction Plastics Market Analysis 2019 - 2023
10 China Construction Plastics Market Revenue 2019 - 2023
11 Japan Construction Plastics Market Volume 2019 - 2023
12 South Korea Construction Plastics Market Potential 2019 - 2023
13 India Construction Plastics Market Leaders 2018
14 Saudi Arabia Construction Plastics Market Forecast 2019 - 2023 
15 Kuwait Construction Plastics Market Value 2018

List of Figures

For complete list of 60+ tables and 60+ figures follow the Link