According to the latest market research report released by Transparency Market Research, the global building and construction plastics market is expected to grow at a CAGR of 7.1% during the period from 2013 to 2019. The report titled “Building and Construction Plastics Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019” identifies that the rising construction activities worldwide will lead to the overall growth of the global building and construction plastics market. Plastics are widely preferred as the building material for pipes and insulation, owing to the poor electrical and thermal conductivity. Compared to the market valuation of US$35.92 billion in 2012, the global building and construction plastics market is expected to reach US$57.51 billion by 2019.
Increasing construction activities in countries such as India, China, and Brazil are expected to boost the global building and construction plastics market during the forecast period. Urbanization and changing lifestyles of the developing economies will contribute to the growth of the market. However, the report suggests that the rise in regulations on environmentally unsafe buildings and construction plastics might restrain the growth of the global building and construction plastics market. Growing awareness about the environment would create further opportunities for the market to capitalize on. The report mentions that the rising demand for bio plastics will fuel the growth of global building and construction plastics market.
Browse the full Building and Construction Plastics Market (PVC, PS, Acrylics, PU, TPE, Composite Materials and Others) For Pipes & Ducts, Insulation, Door Fittings and Other Applications: Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019 report at : http://www.transparencymarketresearch.com/building-construction-plastics-market.html
The report segments the global building and construction plastics market on the basis of types of products and applications. Polystyrene (PS), Polyvinyl Chloride (PVC), Acrylics, Thermoplastic Elastomers (TPE), Polyurethanes (PU), Composite materials, and others are the key products offered by the global building and construction plastics market. The report states that the majority of the market is dominated by the PVC product segment, accounting for 35% of the overall market share. Composite materials category emerges as the second largest segment of the global building and construction plastics market. The report forecasts that the acrylics segment is expected to reflect the fastest growth in the global building and construction plastics market during the period between 2013 and 2019.
Depending upon the application, the global building and construction plastics market has been segmented into door fittings, insulation, pipes and ducts, and others. The report states that the pipes and ducts segment dominated the market, accounting for 30% of the market share. During the forecast period, this segment is expected to lead the global building and construction plastics market.
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North America, Asia Pacific, Europe, and Rest of the World are the key regions of the global building and construction plastics market. In 2012, due to the increasing residential construction activities in countries such as Canada and the United States, North America led the global building and construction plastics market, accounting for more than 30% of the market share. In Asia Pacific region, China and India are forecasted to fuel the growth of the building and construction plastics market. The report mentions that during the forecast period, Europe might experience a decline due to the environmental regulations on plastics.The report lists down Borealis AG, BASF SE, PetroChina Ltd, and DuPont as some of the key players of the global building and construction plastics market.
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