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What Does the Current and Future Market Size Signify for the Construction Plastics Industry?
The constructions plastics market size has seen a robust growth in recent years. It climbed from $109.15 billion in 2024 to $117.79 billion in 2025, registering a compound annual growth rate (CAGR) of 7.9%. Factors like renovation needs, escalation in construction and infrastructure projects, increasingly stringent regulatory compliance, and global urbanization have propelled this growth.
The market isn’t showing any signs of slowing down, with predictions suggesting that it will surge to $170.36 billion in 2029 at a CAGR of 9.7%. Digital construction methods, circular economy practices, rise in construction safety standards, emerging market growth, and adaptation towards changing climate conditions are major drivers behind this forecasted boom. Notable market trends include the use of lightweight, durable plastic materials, thermoplastic roofing, integration of smart plastic materials with sensors and data connectivity, innovative solutions, and strategic collaborations.
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What Are the Key Drivers in the Construction Plastics Market?
Rapid growth in the building, construction, and infrastructural spheres, particularly in emerging markets like China, Brazil, India, Saudi Arabia, and Indonesia, are key factors driving the growth of the construction plastics market. The global construction market is skyrocketing and expected to grow from $13.35 trillion in 2023 to $17.60 trillion by 2026, indicating a CAGR of around 5.3%. Despite public reservations about plastic use, its demand in the construction industry has not wavered due to its lightweight nature, easy handling, and low maintenance properties. The absence of high-quality plastic substitutes has also contributed significantly to the market growth.
What Are the Major Segments in the Construction Plastics Market?
The construction plastics market is segmented as follows:
1) By Type: Polyethylene, Polypropylene, Polyvinyl Chloride
2) By Application: Insulation Materials, Pipes, Windows & Doors
3) By End-User: Non-Residential, Residential
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Who Are The Key Players in the Construction Plastics Market?
Dominant companies operating in the construction plastics market include BASF SE, Asahi Kasei Corporation, Dow Inc., LyondellBasell Industries Holdings B.V., Borealis AG, Solvay SA, Saudi Basic Industries Corporation, Berry Plastics Corporation, TotalEnergies SE, Excelite Alliance Private Ltd., Ach Foam Technologies LLC, Chevron Phillips Chemical Company LLC, China Petrochemical Corporation, Engineered Profiles LLC, Formosa Plastics Corporation, Saint-gobain SA, Exxon Mobil Corporation, LG Chem Ltd., Braskem SA, Arkema SA, Covestro AG, Mitsubishi Chemical Corporation, Sumitomo Chemical Co Ltd., Eastman Chemical Company, Shin-Etsu Chemical Co Ltd., Geberit AG, Uponor Corporation, Wavin B.V., Pipelife International GmbH, REHAU AG + Co.
What Trends Are Shaping the Construction Plastics Market?
Recycled plastics’ demand is a critical market trend, attributed to growing global awareness of plastics’ adverse environmental effects. This has led to a significant rise in demand for recycled eco-friendly plastics and bioplastics derived from plants, which can be decomposed using bacteria. For example, BASF launched the IrgaCycle range of additive solutions in 2023 to significantly strengthen plastic recycling efforts. These additives enhance the quality of recycled materials, allowing higher percentages of recycled content in end-use industries like construction, automotive, and packaging.
Which Region Is Leading the Construction Plastics Market?
Asia-Pacific held the largest share in the construction plastics market in 2024. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Construction Plastics Market Report 2025 Offer?
Construction plastics are robust polymers valued for their versatility, excellent strength-to-weight ratio, cost effectivenes, low maintenance, and corrosion resistance, gradually replacing traditional construction materials due to these advantages. The Construction Plastics Market research report from The Business Research Company provides valuable insights on global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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