World Plastic Construction Product Market to Grow 2.3%

Date: 2015-11-23

Global demand for plastic construction products is forecast to expand 2.3% p.a. between 2015 and 2019. China, Germany, Philippines, Tanzania and the United States are considered the highest potential markets in the coming years. 

According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global plastic construction product industry is forecast to reach 2.3% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 6.5%. Currently, floor, ceiling and wall coverings of plastic account for 43.9% of the global demand while the remaining market share is divided between windows and doors of plastic (12.4%), blinds and shutters of plastic (10.3%), containers of plastic (capacity less than 300 l) (4.0%) and other construction products of plastic (29.4%).

China, France, Germany, South Korea and the United States represent the largest plastic construction product markets while the strongest annual growth is forecast to occur in Philippines (12.2%), Tanzania (11.4%), Kenya (10.4%), Vietnam (10.4%) and Macedonia (9.4%).

Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential plastic construction product markets in the coming years are:

Ranking

Country

Market Potential Rate

1

China

0.55

2

United States

0.38

3

Philippines

0.12

4

Germany

0.11

5

Tanzania

0.11

6

France

0.11

7

Vietnam

0.10

8

Kenya

0.10

9

India

0.10

10

South Korea

0.10

11

Poland

0.09

12

Macedonia

0.09

13

Bolivia

0.08

14

United Kingdom

0.08

15

Ethiopia

0.08

16

Bangladesh

0.07

17

Sri Lanka

0.07

18

Canada

0.06

19

Japan

0.06

20

Spain

0.05

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