Building & Construction Plastics Market Expected to Surpass $230,273 Million in Revenue by 2030, According to P&S Intelligence
NEW YORK, September 5, 2022 /PRNewswire/ — According to the latest market research published by P&S Intelligence, the size of the building and construction plastics market in 2021 it was over $120,951 millionand it will propel to a growth rate above 7% in the coming years, to reach more than $230,273 million by 2030. The development of the global construction industry in the United States, Indonesia, ChinaGreat Britain, India, Saudi Arabiaand the UAE is the main driver of demand for these polymers.
PVC held the largest share, over 30%, of the building and construction plastics market in 2021. It is one of the major thermoplastic polymers used for building and construction globally. PVC is used for windows, roofs, doors and ducts. Due to its hardness, thermal conductivity, strength, scratch resistance, design flexibility, insulation, toughness and cost effectiveness, it is also used in fittings and pipes.
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The demand for polyethylene is going to grow at an incredible rate in the building and construction plastics market in the coming years. Besides roofing, it is used in vapor barriers, flooring, countertop protectors and window films. Polyethylene sheets can be used to cover building materials and close rooms, in an effort to reduce lead exposure. Polyethylene helps conserve energy and water by producing nearly leak-free pipes that withstand weather and environmental stress.
Demand for building and construction plastics will be fueled by their high strength, excellent conveying efficiency, weather resistance, ease of installation, high firmness and low weight. Growing public awareness of the potential of plastics to replace traditional roofing materials is another factor driving the expansion of the sector. Additionally, the high reprocessing rates of some plastics and the growing acceptance of green building projects will open up new opportunities for the industry.
Pipes and conduits accounted for the largest revenue share of over 30% in the building and construction plastics market in 2021. prevention, plastic pipes and piping systems are used indoors and outdoors. the exterior of a building.
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The market in Europe should grow steadily in the coming years. The main producers of these plastics in the region are Italy, Germany, Spain, Franceand the UK Rising GHG emissions will drive consumer demands for plastics in the building industry, along with consideration for sustainability and the environment.
Moreover, the development of the construction sector in the region will be fueled by the promising economic conditions and the expansion of manufacturing facilities in European countries, thus increasing the need for these plastics in the future.
Building & Construction Plastics Market Report Coverage
- Polyvinyl chloride
- Pipes and Ducts
- the Windows
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
Browse more reports published by P&S
Polyethylene glycol Market Size and Share Analysis Report by Form, Quality, Application – Industry Growth Forecast Report 2030
Polypropylene Market Analysis Report by Type, Application, End Use – Industry Growth Forecast Report 2030
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SOURCE P&S Intelligence