Construction Plastics Market

As per Market Research Future Analysis, the Construction Plastics Market was valued at USD 112.25 Million in 2023 and is projected to grow to USD 233.59 Million by 2032, with a CAGR of 7.95% from 2024 to 2032. The market is driven by the benefits of construction plastics, including lower maintenance, scratch resistance, and flexibility. Key applications include pipes and insulation materials, with polyvinyl chloride being a significant contributor due to its thermal conductivity and durability. The COVID-19 pandemic impacted demand in major markets like China and Brazil, but the need for construction applications in healthcare supported growth. Urbanization and technological advancements are further propelling the market, while challenges include fluctuating raw material costs and stringent regulations.

DowDuPont (US), BASF SE (Germany), Asahi Kasei Corporation (Japan), LyondellBasell Industries Holdings B.V. (Netherlands), Borealis AG (Austria), Solvay S.A. (Belgium), Berry Plastics Corporation (US), Total S.A. (France)

BASF SE made an announcement on February 2023 that it will enhance its production capacity for Neopor® Expandable Polystyrene (EPS) insulation to meet the rising demand of energy conserving building materials.

Solvay S.A. presented Technyl® 4earth®, a range of eco-friendly polyamide (P.A.) materials aimed at sustainability in construction through recycling of plastic waste on November 2022.

Borealis AG unveiled Borstar® R3BX pipe solution in September 2022 that strengthens plastic piping systems used in construction and infrastructure projects by increasing their performance properties and service life.

In May 2022, Dow introduced its AGILITY™ performance LDPE resin which is aimed at enhancing toughness and impact resistance in building applications.

Asahi Kasei Corporation launched Thermylene® P11 thermoplastic resin for automotive and building applications with improved rigidity and heat resistance in January 2022.

LyondellBasell Industries Holding B.V. bought A. Schulman, Inc., one of the world’s most reputable suppliers of engineered plastics, composites as well as powders in August 2021.

Berry Plastics Corp announced completion of acquisition Clopay Plastic Products Company Incorporation producer of breathable films and laminates for various industries July 2021.

In March 2021, DuPont launched Tyvek® Air and Water Barrier products that can improve building envelope protection by improving both energy efficiency as well as moisture management