Construction Plastics Market Analysis by Key Players, End Users and CAGR Forecast to 2031
Kenneth Research, in its repository of market research reports, has recently added a report on Construction Plastics Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Construction Plastics Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Construction Plastics Market products.
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A report on Construction Plastics Market has recently been added into the repository of market research reports of Kenneth Research. The report, which is calculated for the forecast period 2021 2025, provides an in-depth analysis on the opportunities, latest trends, challenges and the growth drivers that are associated with the growth of the market. The market is thriving on account of the growing need for chemicals that are less toxic, backed by the stringent government regulations to regulate chemical pollution. It is estimated that more than 3 million tons of toxic chemicals have been released by industries till date in the year 2021.
On the other hand, it is estimated that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.
The Global Construction Plastics Market was valued at USD 72.88 Billion in 2018 and is projected to reach USD 122.2 Billion by 2026, growing at a CAGR of 6.7% from 2019 to 2026.
What is Construction Plastics?
Construction plastics is defined as a plastic polymer that is treated chemically in order to obtain products for construction industry. These plastics have numerous applications in different purposes, such as flooring, cladding & roof membranes, cables, flooring & wall covering, insulation, piping, and window & door panels.
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Factors such as rising Demand for PVC in Building & Construction Industry and growing Demand for Expanded Polystyrene (EPS) Plastics have been driving the global Construction Plastics Market. On the other hand, various restraining factors such as slow economy of China and Prohibition of PVC Products in Green Building might hamper the global market at a global level.
The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Construction Plastics Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Construction Plastics Market Competitive Landscape
The “Global Construction Plastics Market” study report will provide a valuable insight with an emphasis on global market including some of the major players as given below:
• Dowdupont Inc
• BASF SE
• Asahi Kasei Corporation
• Lyondellbasell Industries Holdings B.V.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
Table of Content
1 INTRODUCTION OF GLOBAL CONSTRUCTION PLASTICS MARKET
1.1 Overview of the Market
1.2 Scope of Report
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL CONSTRUCTION PLASTICS MARKET OUTLOOK
4.2 Market Dynamics
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 GLOBAL CONSTRUCTION PLASTICS MARKET, BY END USER
6 GLOBAL CONSTRUCTION PLASTICS MARKET, BY APPLICATION
6.3 Windows & Doors
6.4 Insulation Materials
7 GLOBAL CONSTRUCTION PLASTICS MARKET, BY PLASTIC TYPE
7.2 Expanded Polystyrene (EPS)
7.5 Polyvinyl Chloride (PVC)
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