Building and Construction Plastic Market Size

Building and Construction Plastics Market size was valued at USD 117.5 billion in 2023 and is set to reach USD 230.3 billion by the end of 2036, expanding at around 7.1% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of building and construction plastics is estimated at USD 125.8 billion.

Increasing number of construction activities across industrial, commercial and residential settings is one of the primary factors boosting global building and construction plastics market growth. With the rapid urbanization and rising global population, there has been a substantial increase in the construction activities worldwide. Different types of plastics are widely used in the construction sector due to its lightweight, ability to form tight seals and thermal and electrical insulating properties. According to a recent survey published in Built Environment Journal, the building and construction sector consumes 20% of all plastics and 70% polyvinyl chloride (PVC) that is produced globally every year.

Plastics are used in a variety of building component applications, including seals, roofing, floor coverings, windows, doors, internal and external finishes, varnishes, stains, pipes, along with supportive structures and building insulations. Polyvinyl chloride, polycarbonate, high impact strength, weather and UV resistance, high light transmission and easy fabrication. However, this results in rising environmental concerns, including plastics pollution in ocean, landfills and ecosystems. To cater to these issues, many eco-conscious manufacturers and companies are focusing on recycling plastics. In 2020, Ocean Voyages Institute (OVI) partnered with ByFusion to clean up the plastics waste accumulated in the Pacific Ocean and collected more than 1oo tons of plastics to make large-scale building material called By Block.