GCC Building & Construction Plastic Market

GCC Building & Construction Plastic Market

How big is the GCC Building & Construction Plastic market?

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

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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.

Leading Companies in the GCC Building & Construction Plastic market:

  • 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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GCC Building & Construction Plastic Market Segmentation:

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.

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

Regional/ Countries Insight:

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

Of them all, Saudi Arabia accounts for the largest share of the GCC Building & Construction Plastic Market.

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