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

Albany, NY -- (SBWire) -- 01/07/2015 --The growing multitude ways how plastics serve the basic needs of the economical trends in green and high efficiency buildings and present day engineering demands in infrastructure - emphasizes the primary objective of the building and construction plastics market on a broader scale.

Among the varied applications of plastics, the building and construction plastics market ranks second across the globe as the most important area with approximately a volume of 23% after packaging application segment.

Why is building and construction plastics market becoming so popular?

Containing higher molecular mass comprised with additives, the building and construction plastics are another form of organic polymers in the market. These organic polymer materials are finding increasing use in the construction industry due to their superiority to wood in respect to performance, class, and physical nature of the material.

The market for the building and construction plastics is becoming popular across several regions in the world because of a range of characteristics that plastics have. Building and construction plastics are durable, flexible, and scratch resistant with design freedom. Above all they are light-weight, non-rotting, dimensionally stable, energy efficient, cost-effective, and weather-insensitive.

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The overall composition of the plastic material offers plenty of variation, permit design, and scope to customer specification, hence boosting the economic efficiency on the construction site and enhancing long service life.

Even though plastics are not always deployed in buildings, the building and construction plastics market implements them for a wide and effectively increasing range of industrial applications including window frames, pipes and ducts, interior design, insulation, door fittings, piping, and others (such as water proofing, roofing, cladding, etc).

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Key drivers fueling high growth in building and construction plastics market

Major growth in the global building and construction plastics market is witnessed mainly due to plastics' unique features which include:

- Fire Safety
- Innovation
- Insulation
- Cost-Efficiency
- Minimum Operation and Maintenance
- Hygiene
- Durability and Resistance to Weather and Corrosion
- Sustainability

Also, owing to the constantly growing population and changing lifestyles among different regions, the global building and construction market is growing, especially in emerging economies such as China, India, and Brazil. In the past few years, urbanization in BRIC countries and growth in the building and construction industry has been boosting the global building and construction plastics market with high growth.

The rising scope and demand for bio-based plastics in the green building market is expected to open new growth opportunities for this market in the forthcoming years.

However, certain environmental regulations regarding the use of plastic materials and rising prices of upstream raw materials are likely to hamper the growth of the market over the forecast period 2013 – 2019.

According to studies led by a leading market firm, the global demand for the building and construction plastics was valued at US$35.92 billion in 2012. Rapidly growing at a CAGR of 7.1% between 2013 and 2019, the market is expected to reach US$57.51 billion in 2019.

Based on a decisive view on the building and construction plastics market, the overall industry is segmented by various product types, applications, and regional analysis.

Market Segmentation:

In terms of product types, the global building and construction plastics market is classified as Polyvinyl chloride (PVC), Polystyrene (PS), acrylics, Polyurethanes (PU), Thermoplastics Elastomers (TPE), composite materials and others (PET, polypropylene (PP), PE, etc).

PVC is the most used plastic material and finds applications in windows, pipes and ducts, door profiles, and roofing sectors.

By application segmentation, the market is divided into pipes and ducts, insulation, door fittings, and others (including roofing, cladding, water proofing, and more).

Regionally, North America commanded the highest demand for building and construction plastics in 2012, altogether accounting for 30% of the global market. The demand for all the above product types and applications is the largest in North America. The market in this region is expected to significantly rise due to growing development in residential complexes. However, the demand for building and construction plastics materials is also expected to emerge from Europe, Asia-Pacific, and Rest of the World (RoW) in the coming years.

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