GCC Building & Construction Plastic MarketGCC Building & Construction Plastic Market

GCC Building & Construction Plastic Market Overview and Insights:

According to Markntel Advisors Report, GCC Building & Construction Plastic Market is projected to grow at a CAGR of around 10.3% during the forecast period. i.e., 2023-28.

GCC Building & Construction Plastic Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

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Industry Growth Driver:

Significant Driver: Rising Construction Activities in the Region Has Boosted the Market Growth

The prime factors expected to drive the GCC Building & Construction Plastic Market include the rising demand for lightweight & low-cost construction plastic materials than other substitutes. In addition, minimal maintenance and utmost strength & durability shall further increase the popularity & adoption of plastics by multiple architects, builders, and designers. Besides, the growing demand for plastic for decorations, fire resistance, and cost-effectiveness shall further augment the market growth in the years to come.

What is Included in GCC Building & Construction Plastic Market Segmentation?

The report has segmented the market into the following categories:

By Type

  • Expanded Polystyrene

  • Polyethylene

  • Polypropylene

  • Polyvinyl Chloride (PVC)

  • Others (Polyurethane, Thermoplastics, etc.,)

Based on Type, Polyvinyl chloride (PVC) is expected to dominate the GCC building and construction plastic market in the coming years. PVC is one of the most widely used plastics in the construction industry, owing to its properties such as durability, chemical resistance, and versatility in various applications. PVC is commonly used in applications such as pipes and fittings, windows and doors, roofing, flooring, and wall coverings. It is also known for its cost-effectiveness and ease of installation, which makes it a popular choice among contractors and builders. Moreover, the growth in the construction industry in the GCC region is expected to further drive the demand for PVC in the coming years. The rising population, urbanization, and increasing infrastructure development in the region are expected to increase the demand for building materials, including PVC, thus contributing in enhancing the GCC Building & Construction Plastic Market size.

By Application

  • Cladding Panels

  • Insulation Materials

  • Worktops and Membranes

  • Windows and Doors

  • Others (Shuttering, Wall Linings, Floor Covering, etc.)

By End-User

  • Residential

  • Non-Residential

By Country

  • The UAE

  • Saudi Arabia

  • Qatar

  • Oman

  • Bahrain

  • Kuwait

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Who are the Key Players Operating in the GCC Building & Construction Plastic Industry?

The top companies of the GCC Building & Construction Plastic market ruling the industry are:

  • BASF SE
  • Qatar Plastic Products Company (QPPC)
  • Saudi Arabia Basic Industries Corporation
  • ExxonMobil Chemicals
  • The Dow Chemical Company
  • LyondellBasell Industries (Lyondell Chemical CO.)
  • Ineos Group AG
  • Arkema S.A.
  • Harwal Group
  • Al Barshaa Plastic Product Company LLC
  • Others

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FAQs (Frequently Ask Questions)

  1. What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
  2. What are the trends influencing the current scenario of the GCC Building & Construction Plastic Market?
  3. What are the key factors that would propel and hinder the industry?
  4. Which geographical area dominates the GCC Building & Construction Plastic industry?
  5. Which is the Leading segment in the market?

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