Building & Construction Plastics Market will Register a CAGR of 7.1% through 2019

Light weight, energy efficiency, high molecular weight, and low thermal energy are some of the most important factors in the field of construction. Transparency Market Research studies the global building and construction plastics market in a detailed market research study, entitled „Building and Construction Plastics Market – Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 – 2019“ .According to the report, the  global building and construction plastics market  is expected to develop at a 7.1% CAGR between 2013 and 2019. The market had an estimated value of US $ 35.92 trillion in 2012 and is projected to rise to US $ 57.51 trillion by of 2019.

The flourishing construction industry in countries such as Brazil, India and China is the chief driver of the global building and construction plastics market. Rapid urbanization and changing lifestyles in developing economies are thus leading to increased demand from the building and construction plastics market. Traditional, small, old-fashioned, white-washed plastic sheets are used. This factor, however, is expected to create new growth opportunities for the market in the form of biobased and biodegradable plastics.

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The report broadly segments the global building and construction market according to three criteria: product types, applications, and key regional markets. Acrylics, polystyrenes (PS), thermoplastic elastomers (TPE), polyvinyl chloride (PVC), polyurethane (PU), and composite materials. Key applications covered in the report include door fittings, pipes and ducts, roofing, water proofing, cladding, and insulation. Geography-wise, the global building and construction plastics market, is part of North America, Europe, and Asia Pacific.

In the overall market in 2012, followed by the market segment of composite materials. Over the report’s forecast period, the market segment of acrylics is expected to grow at the fastest pace in the global construction and construction plastic market.Of the key end-use application segments of the market, the segment of pipes and ducts dominated the global market for building and construction plastics, with a 30% market share in 2012. Over the forecast period, too, this market.

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Geography-wise, North America emerged as the leading regional marketplace for nearly 30% of the market in 2012, primarily due to the rising residential construction activities in the US and Canada. In the Asia Pacific regional market, the rapidly evolving construction industry in India and China is expected to grow. However, the market is growing. The report presents detailed reports on the construction process , including Borealis AG, The Dow Chemical Company, BASF SE, DuPont, PetroChina Ltd., Arkema SA, and Solvay SA.

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