The Global Building and Construction Plastics Market was valued at $57,908.8 million in 2017 and is projected to reach $104,507 million by 2025, growing at a CAGR of 7.6%. The thermoplastic segment accounted for more than three-fourths of the market share in 2017 and is expected to witness significant growth during the forecast period.
Top Companies
The key players profiled in this report include DSM, BASF, Chem Philips, DowDuPont Inc., INEOS Group Holdings S.A., Lanxess, LG Chem Ltd., LyondellBasell Industries Holdings B.V., SABIC, and Solvay.
Get Free Sample Report @ https://www.alliedmarketresearch.com/request-sample/2504
Building and construction plastic is a polymer that makes the infrastructure stronger, lighter, and sustainable. They are used for various purposes such as roofing, insulation, waterproofing, reinforcement, and others. Therefore, there is an increase in demand of the building and construction plastic due to rise in construction projects globally. In addition, these plastics help enhance the beauty of the project at a low cost; hence, expected to propel the growth of the global building and construction plastic market. However, inability of some building and construction plastics to withstand cold conditions, softening at higher temperatures, and weakening & formation of fading appearances due to exposure to UV rays hamper the market growth.
The features of building and construction plastics such as non-corrosive, extremely durable, and available at an economical rate drive the growth of the global market. Furthermore, rise in investment in interior designing of residential as well as commercial properties fuels the growth of the global market. However, threat of substitute products, such as wood and others, is expected to hinder the market growth. Conversely, technological advances such as use of thermoplastic and thermosetting plastic in sanitary equipment, piping, and shuttering along with applications of bio-based and biodegradable plastics are expected to provide lucrative opportunities for the growth of the global building and construction plastic market.
Make a Purchase Inquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/2504
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Contact Us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com