Construction Plastics Market - Global Forecast to 2023

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Construction Plastics Market worth 31.0
billion by 2023
Browse 120 market data Tables 44 Figures 159
Pages and in-depth TOC on Construction Plastics
Market
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The major players in the Construction Plastics
Market are,

• 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)
• Berry Plastics Corporation (US)
• Total S.A. (France)

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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.
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.
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The construction plastics market has been studied
for Asia Pacific, Europe, North America, Middle
East Africa, and South America. The Asia
Pacific construction plastics market is projected
to grow at the highest CAGR, in terms of value,
during the forecast period. The global
construction plastics market is projected to
witness significant growth during the forecast
period. Rapid industrialization and increasing
personal disposable incomes in the Asia Pacific
region, coupled with the increasing demand for
plastics from various end-use industries, such as
construction are driving the growth of the Asia
Pacific construction plastics market. Moreover,
Chinas large production capacity at low rates is
making the region attractive for the construction
plastics market. Various key industries, such as
building construction and others have shifted
from the western regions to the countries of the
Asia Pacific, especially China and India, due to
the availability of cheap labor, supportive
government policies, and availability of natural
resources, which is driving the demand for
plastics, which in turn, is promoting the growth
of the construction plastics market in the
region. This has created significant
opportunities for the consumption of construction
plastics in the Asia Pacific.
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Recent Developments in Construction Plastics
Market

• 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.

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