[Plastic] If the materials cannot be sold, the products will be produced in the next five years. Plastics will lead the development of the construction industry

In the next five years, plastics will become the material that leads the development of the global construction industry.

The global construction market is growing rapidly, building pipes and insulation materials are hot

According to a survey report on the global construction plastics market by market research agency Zion Market Research, the global construction plastics market value was US$74.

The growth momentum of the global construction plastics market mainly comes from:

There is an increasing demand for construction plastics for various applications, such as panels, windows, skylights, translucent walls, signs, domes, shutters, anti-theft glass windows, etc.

The lightweight performance of construction plastics directly promotes the demand for plastics in construction applications.

Construction industry demand for green building surge, is expected to create a lot of growth opportunities for plastics construction market in the next few years.

In terms of materials, PVC will continue to maintain its leading position in the industry due to its comprehensive superior performance and cost advantages.

In terms of application, it is expected that the construction piping sector will occupy the largest market share in the future, followed by thermal insulation materials.

In terms of regional markets, due to the continuous increase in construction projects in developing countries such as India and China, the construction plastics market in the Asia-Pacific region is expected to grow rapidly in the future.

In addition, due to the increase in residential construction activities in the United States and Canada and the increasing demand for green buildings throughout the region, the North American construction plastics market is expected to grow significantly in the next few years.

Formosa Plastic Group, Borealis AG, Asahi Kasei Corporation, Arkema SA, The Dow Chemical Company, PetroChina Co.

(Keywords: Construction Industry Plastics)