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 a latest report by Reports and Data. Market revenue growth is primarily driven by rising investment of government bodies in development of commercial buildings & public infrastructures in emerging countries such as India, China, Brazil, and Indonesia. In India, for instance, 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 on infrastructure during 2019-23 for accelerating 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 excellent strength-to-weight ratio, cost-effectiveness, corrosion resistance, requirement of low maintenance, high durability, and great versatility properties.
Leading Players– 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.
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Type Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
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