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(Construction.IndustryNews247.Com, March 08, 2018 ) Building and construction plastics are the key factors that make the infrastructure stronger, lighter, and sustainable. These are used for various purposes such as roofing, insulation, waterproofing, reinforcement, and others.
The global building and construction plastics market is driven by high durability, low cost, and non-corrosive property of these materials; changing lifestyles of the population; and rapid urbanization. However, inability of some building and construction plastics to withstand cold conditions, softening at higher temperatures, and weakening & formation of fading appearances due to exposure to UV rays hamper the market growth. Moreover, the toxic nature of such plastics, growing in environmental concerns, and stringent laws by regulatory bodies are the other detrimental factors for the market growth. Furthermore, technological advances such as use of thermoplastics and thermosetting plastics in sanitary equipment, piping, and shuttering along with applications of bio-based and biodegradable plastics present lucrative opportunities for the market players during the forecast period.
Download sample pages of this report: http://bit.ly/2FfmsCG
Growing building & construction industry coupled with huge demand for plastics from the same has been driving the building & construction plastics market. The development of building & construction industry in India, China and Brazil is expected to be one of the vital factors driving the demand for building & construction plastics over the next few years. In addition, the urbanization and changing lifestyles of the society in these countries is anticipated to spur growth for building & construction plastics. Moreover, rising demand for plastic based door fittings accessories in building & construction industry is expected to fuel the growth within the forecast period. However, increasing prices of upstream raw material and environmental regulations related with the usage of plastic materials are expected to restrain the growth of the market in the coming years. Although, increasing application scope of building & construction plastics in green building market coupled with growing demand for bio-based plastics is expected to open opportunities for the growth of the market over the next few years.
The global building and construction market is segmented based on type, application, and geography. Based on type, the market is divided into thermoplastic (polythene, PVC, polystyrene, polyester, polyamide, and polymethyl methacrylate) and thermosetting plastic (polyurethane). On the basis of application, the market is segmented into interior (wall lining, floor covering, ceiling covering, roof covering, and insulation), exterior (facade panel, exterior covering, weather boarding, and window panels), and others (paint, varnish, adhesives, and thin coverings). Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The Key Players :
E. I. du Pont de Nemours and Company (U.S.) Solvay SA (Belgium) The Dow Chemical Company (U.S.) PetroChina Ltd. (China) Arkema SA (France) BASF SE (Germany) Borealis AG (Austria) DSM (Netherlands) Dragon Building Products (UK)
Key Benefits :
This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global building and construction plastics market for the period of 20162023 to identify the prevailing market opportunities. The key countries in each region has been mapped based on market share. In-depth analysis of the market segmentation assists in determining the prevailing market opportunities. Download sample pages of this report: http://bit.ly/2FfmsCG
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Source: EmailWire.Com
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