According to a new report published by Transparency
Market Research "Building & 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", the global demand for
the building & construction plastics was valued at USD 35.92 billion in
2012 and is expected to reach USD 57.51 billion in 2019, growing at a CAGR of
7.1% between 2013 and 2019.
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Global Building & Construction Plastics Market Report with Full TOC at
Growing building & construction industry
coupled with huge demand for plastics from the same has been driving the
building & construction plastics market. The development of building &
construction industry in India, China and Brazil is expected to be one of the vital
factors driving the demand for building & construction plastics over the
next few years. In addition, the urbanization and changing lifestyles of the
society in these countries is anticipated to spur growth for building &
construction plastics. Moreover, rising demand for plastic based door fittings
accessories in building & construction industry is expected to fuel the
growth within the forecast period. However, increasing prices of upstream raw
material and environmental regulations related with the usage of plastic
materials are expected to restrain the growth of the market in the coming
years. Although, increasing application scope of building & construction
plastics in green building market coupled with growing demand for bio-based
plastics is expected to open opportunities for the growth of the market over
the next few years.
PVC components were the most widely consumed
building & construction plastics and accounted for around 35% of the global
demand in 2012. The demand for PVC was more due to its characteristics such as
durability, abrasion resistance and light weight. However, acrylics are
expected to show the fastest growth over the next few years owing to their
rising demand from surface coatings, sealants and adhesives market.
Pipes & ducts were the largest application
segment for building & construction plastics in 2012. The building &
construction plastics are being increasingly used in cladding, roofing, water
proofing, reinforcement, flooring and insulation. Insulation was the second
largest application for building & construction plastics and is expected to
show similar growth in the coming years However, the demand for building &
construction plastics is expected to be growing from the door fittings
applications market over the forecast period. Growing demand for building &
construction plastics in door fittings is due to these plastics being scratch
resistance, durable and flexible.
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Sample Report:
North America dominated the building &
construction plastics market in 2012 followed by Europe owing to the growth of
building and construction industry especially with renovation of structures and
designs. Asia Pacific is expected to witness the highest growth within the
forecast period on account of increasing usage of door fittings and pipes &
ducts. The demand for building & construction plastics in Asia Pacific is expected
to grow at a CAGR of 7.5% between 2013 and 2019.
The report gives a comprehensive view of the
building & construction plastics market in terms of volume and revenue. In
addition, the report includes current demand analysis and forecast for each product
and application in North America, Europe, Asia Pacific and Rest of the World.
The report comprises of the following segments:
Building
& Construction Plastics Market: Product Segment Analysis
·
Polyvinyl
chloride (PVC)
·
Polystyrene (PS)
·
Acrylics
·
Polyurethanes
(PU)
·
Thermoplastics
Elastomers (TPE)
·
Composite
materials
·
Others (Includes
polypropylene, polycarbonates, etc.)
Building
& Construction Plastics Market: Application Analysis
·
Pipes &
Ducts
·
Insulation
·
Door Fittings
·
Others
(Including roofing, cladding, water proofing, etc.)
Building & Construction Plastics Market:
Regional Analysis
·
North America
·
Europe
·
Asia-Pacific
·
Rest of the
World
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