Code: MTA4354 | Publication Date: Jun 2025 |
This growth is proliferated by strong demand for PVC pipes and insulation materials.
The construction plastics market is evolving with increasing integration of lightweight and high-performance materials in roofing, insulation, piping, cladding, and flooring applications. PVC has continued to enjoy the highest market share with more than 42% of market revenue whereas polyethylene, polystyrene, and polyurethane are experiencing an increase in demand because of their flexibility and affordability. The innovation being brought about by the technology is facilitating the creation of raw materials such as smart plastic that has embedded sensors that can monitor structural health, digitally batched insulating panels, and application-ready frameworks that are being aligned with smart buildings as enabled by IoT.
The modular plastic tubing systems, formworks and licensing components are becoming popular in mega infrastructure and large building projects because of the ease of transportation, assembly and long-lasting properties. Circular, bio-based thermoplastics and low-carbon polymers, along with sustainability trends (e.g. recyclable PVC blends, bio-based thermoplastics, Low-carbon plastics, and the use of circular economy frameworks) are shifting material choices towards a more sustainable route, in particular in Europe and North America. Asia-Pacific continues to dominate growth, driven by massive urbanization, public housing schemes, and smart city initiatives across India, China, and Southeast Asia.