Construction Plastics Market - Global Forecast to 2023

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The construction plastics market has been studied for Asia Pacific, Europe, North America, Middle East & Africa, and South America. The Asia Pacific construction plastics market is projected to grow at the highest CAGR, in terms of value, during the forecast period. The global construction plastics market is projected to witness significant growth during the forecast period. Rapid industrialization and increasing personal disposable incomes in the Asia Pacific region, coupled with the increasing demand for plastics from various end-use industries, such as construction are driving the growth of the Asia Pacific construction plastics market. Moreover, China’s large production capacity at low rates is making the region attractive for the construction plastics market. Various key industries, such as building & construction and others have shifted from the western regions to the countries of the Asia Pacific, especially China and India, due to the availability of cheap labor, supportive government policies, and availability of natural resources, which is driving the demand for plastics, which in turn, is promoting the growth of the construction plastics market in the region. This has created significant opportunities for the consumption of construction plastics in the Asia Pacific.

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