Why Global Building and Construction Plastic Market is Demanding in Industry? Major players:DSM, BASF, Chem Philips, DowDuPont Inc., INEOS Group Holdings S.A., Lanxess, LG Chem Ltd., LyondellBasell Industries Holdings B.V., SABIC, and Solvay

The global building and construction plastic market was valued at $57,908.8 million in 2017 and is expected to reach $104,507 million by 2025, growing at a CAGR of 7.6%. Building and construction plastics are polymers that are treated chemically to obtain products for building and construction industry. These products are used for various purposes such as flooring, cladding & roof membranes, cables, flooring & wallcovering, insulation, piping, and window & door panels in the building and construction industry. Different types of plastic composites in flooring includes wood plastic composite (WPC), luxury vinyl tiles (LVT), and stone plastic composite (SPC).

The demand for building and construction plastics is increasing due to rapid rise in investment in the residential and commercial infrastructure. In addition, major players are adopting various strategies such as product launches and acquisitions to stimulate the growth of the market. For instance, in November 2016, INEOS Olefins & Polymers USA acquired 100% shares of the WLP Holding Corp. Therefore, such developmental strategies are estimated to drive the growth of the global market. However, rise in ecological concerns and stringent laws by regulatory bodies regarding use of plastics are expected to restrain the growth of the global building and construction plastic market. On the contrary, technological improvements to produce eco-friendly and recycled plastics are anticipated to provide lucrative opportunities for the growth of the global market.

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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.

Scope of the Report:

The research on the Building and Construction Plastic market concentrates on extracting valuable data on swelling investment pockets, significant growth opportunities, and major market vendors to help understand business owners what their competitors are doing best to stay ahead in the competition. The research also segments the Building and Construction Plastic market on the basis of end user, product type, application, and demography for the forecast period 2021–2025.  Detailed analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, which include charts, tables, and infographics.

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Geographically, this report focuses on product sales, value, market share, and growth opportunity in key regions such as United States, Europe, China, Japan, Southeast Asia, and India.

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The research provides answers to the following key questions:

  1. What is the estimated growth rate of the market for the forecast period 2020–2027? What will be the market size during the estimated period?
  2. What are the key driving forces responsible for shaping the fate of the Building and Construction Plastic market during the forecast period?
  3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Building and Construction Plastic market?
  4. What are the prominent market trends influencing the development of the Building and Construction Plastic market across different regions?
  5. What are the major threats and challenges likely to act as a barrier in the growth of the Building and Construction Plastic market?
  6. What are the major opportunities the market leaders can rely on to gain success and profitability?

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