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Posted by Bill on September 3, 2024 at 4:43am 0 Comments 0 Likes
Posted by Prajakta on September 3, 2024 at 4:42am 0 Comments 0 Likes
The global construction plastics market size is expected to reach USD 149.94 billion in 2028 and register a revenue CAGR of 7.2% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is primarily driven by the rising investment of government bodies in the development of commercial buildings & public infrastructures in emerging countries such as India, China, Brazil, and Indonesia. In India, for instance, the infrastructure sector is developing and a fast pace and it has become one of the biggest focus areas in the industry. The Indian government is planning to invest approximately USD 1.4 trillion in infrastructure during 2019-23 for accelerating the sustainable development of this country.
Rising usage of plastics in a wide range of applications, especially in the construction industry, including piping, insulation, interior design, and window frames, is expected to drive revenue growth of the market during the forecast period. Plastic materials are being extensively used in the construction industry, owing to their excellent strength-to-weight ratio, cost-effectiveness, corrosion resistance, the requirement of low maintenance, high durability, and great versatility properties.
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Market Overview:
Material is a substance or a mixture of substances that make up an object. In the manufacturing process, materials are employed as inputs to make items or more complicated materials. Businesses that create industrial chemicals make up the chemical industry. In this industry, chemical reactions and refining technologies are utilized to transform fundamental resources such as oil, air, water, natural gas, metals, and minerals into thousands of various products. The materials and chemicals industry trends range from solutions for surface engineering, lightweight, sustainability, nano-formulations (biomaterials), 3D printing, and developing advanced composites to meet the changing industry demands.
Competitive Landscape:
Industry players in the Construction Plastics market are adopting the strategy of forwarding integration to cater to increasing product demand and to enhance their footprint in the global market.
This market report provides details of new recent developments, import-export analysis, trade regulations, production analysis, value chain optimization, market share, analyses opportunities in terms of emerging revenue pockets, the impact of domestic and localized market players, changes in the market, trends, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. The report offers insights into key factors influencing the revenue growth of the segment and provides information about lucrative investment opportunities to stakeholders, investors, and clients.
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Top companies operating in the market and profiled in the report include:
DowDuPont Inc., BASF SE, Asahi Kasei Corporation, LyondellBasell Industries Holdings B.V., Borealis AG, Solvay S.A., Formosa Plastics Corporation, Saudi Basic Industries Corporation (SABIC), Berry Plastics Corporation, and JM Eagle.
Key Points Illustrated in the Regional Analysis:
Regional contribution to the overall market revenue
Forecast revenue share of each regional market
Vital information and data related to the production and consumption rates in all the regions
Factors driving the regional market growth over the forecast period
Leading products and application segments in each regional market
Presence of key market competitors in each of these regions
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Construction Plastics Market Segmentation:
The report segments the Construction Plastics markets on the basis of product types, end-use industries, technology, and region.
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
Polyvinyl Chloride
Polypropylene
Polyethylene
Expanded Polystyrene
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
Windows & Doors
Pipes
Insulation Materials
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, TouchPoints, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provide our clients with the ability to secure an edge over their respective competitors.
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