Market Research Report

GCC Building & Construction Plastic Market Research Report: Forecast (2023-2028)

By Type (Expanded Polystyrene, Polyethylene, Polypropylene, Polyvinyl Chloride (PVC), Others (Polyurethane, Thermoplastics, etc)), By Application (Cladding Panels, Insulation Mater...ials, 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), By Company (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) Read more

  • Buildings, Construction, Metals & Mining
  • Feb 2023
  • Pages 165
  • Report Format: PDF, Excel, PPT

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Market Definition

The building & construction plastic refers to the plastics used in building and construction applications. They are widely used in various applications in the construction industry, such as pipes and fittings, insulation materials, roofing, flooring, and wall coverings.

Market Insights & Analysis: GCC Building & Construction Plastic Market

The GCC Building & Construction Plastic Market is projected to grow at a CAGR of around 10.3% during the forecast period. i.e., 2023-28. The market for building and construction plastics in the GCC region is primarily driven by the growing construction industry, as the region has been experiencing significant infrastructure development in recent years. Furthermore, the growing need to replace or renovate weak structures, coupled with massive investments in the public & private sectors, raising the number of building & construction projects across the GCC region, accelerating the market growth

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 10.3%
Region Covered The UAE, Saudi Arabia, Qatar, Oman, Bahrain, Kuwait
Key Companies Profiled 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
Unit Denominations USD Million/Billion

 

Since plastics used in building & construction activities provide durability, strength, weather resistance, and overall weight reduction to structures, they are gaining popularity among architects & builders widely. The market for building and construction plastics in the GCC region is expected to grow at a steady pace in the coming years, driven by the increasing demand for lightweight, cost-effective, and durable building materials.

Market Dynamics

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.




Challenge: Environmental Concerns Related to Plastic Would Create a Challenge for the Market

The factors that might restrain the market growth are the rising concerns over the use of plastic waste, coupled with stringent environmental regulations laid across GCC. Since plastics are a threat to both terrestrial & aquatic environments, the norms imposed by the governments of GCC countries to resist the use of plastic might hinder the market growth during the forecast period. Besides, the availability of substitutes like fiberglass and wood might also challenge the demand for plastics used in building & construction activities.

Market Segmentation

Based on 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.

Country Landscape

Geographically, the GCC Building & Construction Plastic Market expands across:

  • Saudi Arabia
  • The UAE
  • Qatar
  • Bahrain
  • Kuwait
  • Oman

Of them all, Saudi Arabia accounts for the largest share of the GCC Building & Construction Plastic Market. It principally owes to the massive investments by the country in its healthcare industry, which propels the demand for top-notch infrastructure, hospital bed capacity, and long-term care centres, thereby proposing several construction projects. Hence, it directly impacts the GCC Building and Construction Plastic Market, owing to the increasing demand for cost-effective, durable, and low-maintenance plastics.

In addition, privatization of hospitals and growing expenditure in healthcare shall also drive the demand for several engineering plastics and lead the country to rule the market with the largest share in the forecast period. Moreover, the burgeoning focus on the tourism sector is leading to significant investments by the country toward constructing hotels, recreational facilities, and other public infrastructure to cater to the tourists. Furthermore, the launch of initiatives like Saudi Arabia Vision 30 shall also surge building & construction activities, thereby fuelling the demand for plastics within the country.

Frequently Asked Questions

   A. The GCC Building & Construction Plastic Market is expected to grow at a CAGR of around 10.3% in the forecast period of 2023-28.

   A. 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 are a few leading players in the GCC Building & Construction Plastic Market.

   A. Polyvinyl Chloride (PVC) & Chlorinated Polyvinyl Chloride (CPVC) is projected to attain the highest CAGR and maintain their significant market share during the forecast period.

   A. The rapidly increasing construction activities across residential & non-residential sectors, coupled with the rising demand for plastic due to its low price, durable, & flexible physical properties, is expected to drive the GCC Building & Construction Market in the forecast period.

   A. The current situation of the pandemic suggests that with the gradual upliftment of restrictions and the resumption of projects, the GCC Building & Construction Plastic Market is recovering from losses. It shall further regain its usual pace, generate remunerative opportunities, & revive the sales of building & construction plastics in the years to come.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. GCC Building and Construction Plastic Market Trends & Insights
  5. GCC Building and Construction Plastic Market Dynamics
    1. Growth Drivers
    2. Challenges
  6. GCC Building and Construction Plastic Market Hotspot & Opportunities
  7. GCC Building and Construction Plastic Market Policies & Regulations
  8. GCC Building and Construction Plastic Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
        1. Expanded Polystyrene
        2. Polyethylene
        3. Polypropylene
        4. Polyvinyl Chloride (PVC)
        5. Others (Polyurethane, Thermoplastics, etc.,)
      2. By Application
        1. Cladding Panels
        2. Insulation Materials
        3. Worktops and Membranes
        4. Windows and Doors
        5. Others (Shuttering, Wall Linings, Floor Covering, etc.)
      3. By End-User
        1. Residential
        2. Non-Residential
      4. By Country
        1. The UAE
        2. Saudi Arabia
        3. Qatar
        4. Oman
        5. Bahrain
        6. Kuwait
      5. By Company
        1. Competition Characteristics
        2. Revenue Shares & Analysis
  9. The UAE Building and Construction Plastic Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2.  Market Share & Analysis
      1. By Application
      2. By End Users
  10. Saudi Arabia Building and Construction Plastic Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Application
      2. By End Users
  11. Qatar Building and Construction Plastic Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Application
      2. By End Users
  12. Oman Building and Construction Plastic Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Application
      2. By End Users
  13. Bahrain Building and Construction Plastic Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Application
      2. By End Users
  14. Kuwait Building and Construction Plastic Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Application
      2. By End Users
  15. GCC Building and Construction Plastic Market Key Strategic Imperatives for Success & Growth
  16. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Target End Users
      4. Manufacturing Units
      5. Research & Development
      6. Strategic Alliances
      7. Strategic Initiatives
    2. Company Profiles (Business Description, Product Offering, Business Segments, Financials, Strategic Alliances or Partnerships, Future Plans)
      1. BASF SE
      2. Qatar Plastic Products Company (QPPC)
      3. Saudi Arabia Basic Industries Corporation
      4. ExxonMobil Chemicals
      5. The Dow Chemical Company
      6. LyondellBasell Industries (Lyondell Chemical CO.)
      7. Ineos Group AG
      8. Arkema S.A.
      9. Harwal Group
      10. Al Barshaa Plastic Product Company LLC
      11. Others
  17. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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