How Industrialization can directly affect the Global Building and Construction Plastics Market

Most building and construction plastics differ from ordinary plastics due to the use of heavier organic polymers, i.e. polymer molecules with a high molecular mass. The polymer also contains additives that enhance the physical structure of the plastic to improve its durability, elasticity, longevity, and strength. At the same time, building and construction plastics are created to be energy-efficient and lightweight. This makes their transportation and installation easier. Optimistically, building and construction plastics are more or less zero-maintenance. However, at the same time, they possess limited viability for recycling. That is because commonly used plastics such as PVC, PS, TPE, PU, and acrylic are thermosetting plastics and possess an inherent inability to change structure despite the application of heat.

The global building and construction plastics market is exhibiting a CAGR of 7.10% from 2013 to 2019, which is highly positive, considering the long-standing role of plastics in the modern world. As the market grows at this expected CAGR, it will be worth US$57.5 bn by 2019, ahead from a 2013 recorded value of US$35.9 bn.

There are quite a few factors that make building and construction plastics tick, the most important one being industrialization.


Global Building and Construction Plastics Market Driven by Ambitious Economies

It is not a surprise that the emerging economies of China, Brazil, and India are the major drivers of the global building and construction plastics market. The rate at which these nations are currently developing, they are taking most industries related to construction and infrastructure in tow, including the global building and construction plastics market. The market is further boosted by a changing cultural stream of thought. As more eastern and South American consumers show a greater level of comfort and demand for plastics, the global building and construction plastics market will increase accordingly.

The picture is not perfect for the global building and construction plastics market, however, as it is expected to face serious opposition from regulatory authorities regarding the use of conventional plastics. Several plastics in use today are known to be harmful to the environment as well as human health. Therefore, their discontinuation could easily affect the growth rate of the global building and construction plastics market. This can be mitigated just as easily, through the use of biobased plastics as well as biodegradable plastics.

Plastics Companies Looking to Diversify Portfolios amidst Fluctuating Demand

One of the top players in the global building and construction plastics market, Covestro, formerly Bayer MaterialScience, is currently looking beyond the realm of the building and construction plastics market in China. This is because of the extended slowdown displayed by the Chinese construction industry in the third-quarter sales of 2015. The Germany-based company has stated that they have been happy with the growth rate of the market in China, but will seek to diversify their products in order to boost their overall growth rate.


Asia Pacific is currently the fastest growing major regional segment of the global building and construction plastics market. As a result, many of the international players are being attracted to it. Experts are of the opinion that even if the Asia Pacific building and construction plastics market shows a decline in demand, it is still higher than what most other developed and matured markets are showing.

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