Global market value for plastics in building & construction anticipated at US$45.6 bln by 2016

10-Jan-13
With a CAGR of 7%, global market value for plastics in building & construction application market is anticipated to be worth US$45.6 billion by 2016, as per Research and Markets. Among the end-use segments in building & construction plastics, Insulation market is expected to reach US$13.3 bln. Pipes & Ducts occupy for 36% the entire market as the largest share, driving a CAGR of 6.6% during the analysis period, 2011-2016. Doors & Fittings sees as the fastest growing end-user, with a CAGR of approximately 8.8% by 2016, respectively. On a global scale, Europe accounts for more than 30% of the market. While US accounts for the largest share of the global market value on a country basis, India and Japan surpasses the US in terms of growth rate anticipated in the near future and leads the world.
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