According to Fortune Business Insights, The global construction polymers market size was valued at USD 142.80 billion in 2023. The market is projected to grow from USD 149.74 billion in 2024 to USD 229.21 billion by 2032 at a CAGR of 5.5% during the forecast period. Asia Pacific dominated the construction polymers market with a market share of 46.13% in 2023.
Construction polymers, including elastomers, resins, and plastics, are vital in modern construction due to their durability and versatility. They withstand harsh conditions while promoting sustainability, such as improving energy efficiency in insulation. The market is expected to ramp up owing to rising adoption of such products in diverse applications, such as profiles and wire & cable.
Fortune Business Insights™ provides this information in its research report, titled “Construction Polymers Market, 2024-2032”.
On the basis of type, the market is fragmented into Polyethylene (PE), Polypropylene (PP), Polyurethane (PU), Polystyrene (PS), Polyvinyl Chloride (PVC), and others. In 2023, the Polyvinyl Chloride (PVC) segment secured the key construction polymers market share as advances in polymer technology enhanced PVC's functionality and environmental profile.