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Construction Plastics Market To Reach USD 128.12 Billion By 2026

Increasing urbanization, growing construction industry, demand for lightweight and low maintenance construction materials are key factors contributing to high CAGR of construction plastics during forecast period.

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Construction Plastics Market To Reach USD 128.12 Billion By 2026

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  1. Construction Plastics Market To Reach USD 128.12 Billion By 2026

  2. Market Summary Market Size – USD 75.6 Billion in 2018, Market Growth - CAGR of 6.9%, Market Trends – Product launches and research for advanced plastics According to the current analysis of Reports and Data, the global construction plastics market was valued at USD 75.6 Billion in 2018 and is expected to reach USD 128.12 Billion by year 2026, at a CAGR of 6.9 %. The study covers in depth usage of plastic used in the construction sector. Further key findings from the report suggest • Plastic is widely used in the construction sector because of its unique characteristics such as sustainability, cost efficiency, effective insulation, durability, resistance to corrosion, fire resistance, less maintenance. Thus, this has made plastic an economically attractive option everywhere in the construction sector BASF AG, German chemical company, launched a new innovative insulation material Neopor® in 2018. Neopor® is comprised of small black beads of polystyrene (EPS) containing blowing agent, which makes it expandable. BASF produces this unique material, which is processed by foam manufacturers into insulating materials for a wide range of different applications. • Based on application, Pipes segment is anticipated to be the largest segment of the market. Pipes are composed of lightweight materials and plastics. The market is driven by number of factors such increasing demand for lightweight materials and major qualities that plastic possesses such as thermal conductivity, durability, scratch resistance. It holds 71.4 % of the total market share in construction plastics. • www.reportsanddata.com

  3. Market Summary Key Players: DowDuPont, BASF SE, Asahi Kasei Corporation, LyondellBasell Industries Holdings B.V., Borealis AG, Solvay S.A., Saudi Basic Industries Corporation (SABIC), and Total S.A Segmentation: Segmentation by Types: Polyvinyl Chloride  Polypropylene  Polyethylene  Expanded Polystyrene  Segmentation by Application: Windows &Doors  Pipes  insulation materials  Get Access to Report Sample by clicking here: https://www.reportsanddata.com/sample- enquiry-form/1463 www.reportsanddata.com

  4. Market Summary Regional Outlook North America U.S. Canada Europe Germany France UK Spain Italy Rest of the Europe Asia Pacific China India Japan Rest of Asia-Pacific Middle East & Africa Latin America Brazil Grab this report at an amazing discount here @ https://www.reportsanddata.com/discount-enquiry-form/1463 www.reportsanddata.com

  5. The report emphasizes the following key questions: Q.1.What are the most lucrative and promising growth prospects for the market? Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? Q.4.Which factors are impacting the future of the market and what are the driving factors? Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com

  6. About Us Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact- based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com

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