Building & Construction Plastics Market By Product (Polyvinyl Chloride (PVC), Polystyrene (PS), Polyurethanes (PU), Polyethylene (PE), Acrylics, Polypropylene (PP)), By Application (Roofing, Insulation, Pipes & Ducts, Doors, Windows), and By Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Building & Construction Plastics Market was valued at USD 131.7 billion in 2023 and will surpass USD 201.2 billion by 2030; growing at a CAGR of 6.2% during 2024 - 2030.

The building & construction plastics market is a key component of the overall construction industry, providing materials that are lightweight, durable, and versatile for various applications. These materials are extensively used for both residential and commercial infrastructure, contributing to the design, energy efficiency, and structural integrity of buildings. The demand for plastics in construction has been rising due to their cost-effectiveness, ease of installation, and ability to be molded into complex shapes, making them suitable for a wide range of applications from roofing and windows to insulation and pipes. Additionally, with increasing environmental concerns, there is a growing trend toward using recycled plastics and bio-based alternatives in construction projects.

In recent years, advancements in plastic manufacturing have further fueled market growth, with innovations that improve the performance of plastics in terms of fire resistance, thermal insulation, and weather durability. Furthermore, the shift towards sustainable construction practices has promoted the adoption of plastics that contribute to energy efficiency, such as those used in insulation and windows. The increasing demand for eco-friendly and energy-efficient buildings, along with the ongoing urbanization and infrastructure development, is expected to keep the building & construction plastics market expanding in the foreseeable future.

Polyvinyl Chloride (PVC) Dominates the Market

Among the various types of plastics used in the building & construction sector, Polyvinyl Chloride (PVC) is the largest and most widely used material. PVC is known for its versatility, affordability, and durability, making it an ideal choice for a variety of applications in the building & construction industry. It is used extensively for applications such as piping, window profiles, roofing membranes, and flooring, thanks to its resistance to chemicals, moisture, and UV light. PVC’s ability to be easily processed and molded into various shapes and sizes allows it to be adapted for different construction needs, from plumbing to exterior finishes.

One of the key reasons PVC is so dominant in the building & construction plastics market is its cost-effectiveness. As one of the most affordable plastics available, it is widely used in large-scale construction projects where budget considerations are crucial. Additionally, the material's long lifespan, low maintenance requirements, and resistance to corrosion and environmental factors make it a preferred choice for building infrastructure, particularly in outdoor and plumbing applications. As the construction industry moves toward more sustainable practices, PVC is also being produced with recycled content, further contributing to its continued growth in the market.

Roofing Application is Growing the Fastest

Within the building & construction plastics market, the roofing application is the fastest-growing segment. Plastics used in roofing provide significant advantages over traditional materials, such as improved insulation, lighter weight, and greater flexibility in design. With the increasing focus on energy-efficient buildings, plastics that enhance thermal performance and reflectivity are becoming more popular for roofing applications. Materials like PVC and polycarbonate are commonly used for roofing membranes, which offer durability, weather resistance, and ease of installation, contributing to their growing demand in both residential and commercial sectors.

The trend towards sustainable building materials has also fueled the adoption of plastic-based roofing systems. For example, certain types of plastic roofing materials are now designed with energy efficiency in mind, helping buildings maintain a consistent internal temperature while reducing heating and cooling costs. As construction projects increasingly prioritize green building certifications and energy-efficient solutions, the roofing application is expected to continue growing at a rapid pace. The growing trend of urbanization, combined with a focus on eco-friendly infrastructure, will likely support this growth, making roofing one of the most dynamic segments in the building & construction plastics market.

North America is the Leading Region

North America is the largest and most advanced region in the building & construction plastics market. The region’s strong construction sector, along with its high rate of infrastructure development and urbanization, has been a key driver of demand for plastics in the industry. In the United States, in particular, the building & construction plastics market is supported by an established manufacturing base, as well as high demand for modern, energy-efficient, and sustainable construction materials. Additionally, the presence of several leading plastic manufacturers in the region contributes to the growth of the market by ensuring a steady supply of innovative materials tailored to the needs of the construction industry.

The demand for plastics in North American construction is further boosted by stringent building codes and regulations that encourage the use of materials that promote energy efficiency and sustainability. As green building practices become more common, construction companies in North America are increasingly adopting plastic-based materials for applications such as insulation, doors, and windows, which help to improve a building’s thermal performance and overall environmental footprint. Given these factors, North America is expected to continue leading the building & construction plastics market for the foreseeable future, with steady growth in demand driven by both residential and commercial construction projects.

Competitive Landscape and Leading Companies

The building & construction plastics market is highly competitive, with several large players operating globally. Some of the leading companies in the market include BASF, Dow Inc., SABIC, Saint-Gobain, and LG Chem, which are at the forefront of innovation in plastic materials used for construction applications. These companies are focused on expanding their product portfolios and enhancing the performance characteristics of their plastics to meet the growing demand for sustainable, energy-efficient building materials.

The competitive landscape is characterized by continuous research and development, with manufacturers investing in the development of new plastic materials that offer improved properties such as better thermal insulation, increased durability, and reduced environmental impact. Moreover, collaborations between plastic manufacturers and construction companies are becoming more common, as the industry seeks to optimize material performance in line with emerging trends in green building and energy efficiency. As demand for advanced building materials continues to rise, these leading companies are expected to maintain their dominance in the market, driving innovation and setting industry standards.

Recent Developments:

• In March 2024, BASF introduced a new range of eco-friendly building plastics made from recycled materials, targeting the growing demand for sustainable construction solutions.
• In February 2024, Dow announced the expansion of its building plastics portfolio, adding high-performance insulation materials designed to improve energy efficiency in residential and commercial buildings.
• In January 2024, SABIC launched a new line of Polycarbonate (PC) sheets for roofing and glazing applications, offering enhanced durability and light transmission properties for modern construction projects.
• In December 2023, LyondellBasell Industries unveiled a new series of plastic-based window and door materials that provide superior thermal insulation while reducing energy costs in buildings.
• In November 2023, Arkema introduced a range of innovative flame-retardant plastics for use in building applications, providing increased fire resistance for construction projects in high-risk areas.

List of Leading Companies:

• BASF
• DuPont
• Dow
• LG Chem
• SABIC
• Arkema
• LyondellBasell Industries Holdings B.V.
• Borealis AG
• Solvay
• Evonik Industries AG
• Covestro AG
• Eastman Chemical Company
• Huntsman Corporation
• Teknor Apex
• Avient Corporation

Report Scope: