The global construction plastics market size is expected to reach USD 149.94 billion in 2028 and register a revenue CAGR of 7.2% over the forecast period, according to a latest report. The increasing demand for durable and eco-friendly construction materials is anticipated to boost the growth of the market.
The major drivers for the growth of the cleaning robot market include the rising investment in commercial and industrial applications, increasing labor costs, and stringent government regulations for cleaning public places. However, the high initial investment cost is restraining the growth of the market to some extent.
In recent years, there has been a growing preference for sustainable construction practices and products across the globe. This is attributable to the stringent government regulations regarding the emission of greenhouse gases (GHGs) and other air pollutants. Moreover, the rising awareness among consumers regarding the benefits of using eco-friendly products is expected to fuel the market growth. For instance, in October 2018, the United Arab Emirates (UAE) government launched the 'Estidama' rating system that encourages the construction of energy-efficient and environment-friendly buildings.
Rising usage of plastics and metals in the construction and automotive industry is fuelling the demand for cleaning robot market. The other important driver for this market is rapid technological advancement in the field of robotics. The deployment of these robots is also increasing due to rising labor costs.
Furthermore, rising demand for polyvinyl chloride (PVC) and other cleaning materials from the healthcare industry is anticipated to drive the cleaning robot market growth during the forecast period.
The major drivers for the growth of the cleaning robot market include the rising investment in commercial and industrial applications, increasing labor costs, and stringent government regulations for cleaning public places. However, the high initial investment cost is restraining the growth of the market to some extent.
In recent years, there has been a growing preference for sustainable construction practices and products across the globe. This is attributable to the stringent government regulations regarding the emission of greenhouse gases (GHGs) and other air pollutants. Moreover, the rising awareness among consumers regarding the benefits of using eco-friendly products is expected to fuel the market growth. For instance, in October 2018, the United Arab Emirates (UAE) government launched the 'Estidama' rating system that encourages the construction of energy-efficient and environment-friendly buildings.
Rising usage of plastics and metals in the construction and automotive industry is fuelling the demand for cleaning robot market. The other important driver for this market is rapid technological advancement in the field of robotics. The deployment of these robots is also increasing due to rising labor costs.
Furthermore, rising demand for polyvinyl chloride (PVC) and other cleaning materials from the healthcare industry is anticipated to drive the cleaning robot market growth during the forecast period.
Some Key Highlights in the Report
- In June 2021, BASF SE (BASF) acquired MULTI-ROBOTICS GmbH, a German-based company that manufactures and supplies intelligent cleaning robots. The acquisition will enable BASF to expand its product portfolio in the field of autonomous mobile robots and enter the fast-growing market for intelligent cleaning robots.
- The residential application segment is expected to account for largest revenue share in the global construction plastics market over the forecast period. Construction plastics are widely used in residential applications such as windows & doors, pipes & fittings, and siding & roofing. PVC is extensively used in pipes & fittings application owing to its properties such as resistance to chemicals and fire, low cost, and easy installation.
- Polyvinyl chloride segment is expected to account for largest revenue share in the global construction plastics market over the forecast period. Polyvinyl chloride (PVC) is widely used in construction sector owing to its properties such as durability, resistance to chemicals and flame, economical, and easy installation.
- The cleaning robot market is mainly segmented on the basis of type, end user and geography. The cleaning robot market by type is further divided into pool cleaners, window cleaners and floor cleaners. Among these, pool cleaners are projected to grow at highest CAGR during the forecast period.
- The cleaning robot market by end user is further classified into residential and commercial. Of these, the cleaning robot market for commercial applications held the largest market share in 2020 and is expected to grow at a higher CAGR during the forecast period.
- The cleaning robot market in North America is expected to grow at a rapid CAGR over the period. The US and Canada are the major markets for cleaning robots in North America. The growing demand for these robots from the healthcare sector and the commercial sector is driving the market growth in this region.
- The Asia Pacific region is expected to witness the fastest growth over the forecast period on account of the increasing infrastructural development in the region. The growing population and rapid economic expansion are anticipated to fuel the demand for new residential and commercial buildings, which, in turn, is expected to drive the market growth. Moreover, the rising disposable incomes of individuals are expected to enable them to invest in construction projects, thereby providing a positive outlook for the market.
For the purpose of this report, the publisher has segmented global construction plastics market based on type, application, and region:
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
- Polyvinyl Chloride
- Polypropylene
- Polyethylene
- Expanded Polystyrene
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
- Windows & Doors
- Pipes
- Insulation Materials
Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Construction Plastics Market Segmentation & Impact Analysis
Chapter 5. Construction Plastics Market By Type Insights & Trends
Chapter 6. Construction Plastics Market By Application Insights & Trends
Chapter 7. Construction Plastics Market Regional Outlook
Chapter 8. Competitive Landscape
Chapter 9. Company Profiles
Companies Mentioned
- DowDuPont Inc.
- BASF SE
- Asahi Kasei Corporation
- LyondellBasell Industries Holdings B.V.
- Borealis AG
- Solvay S.A.
- Formosa Plastics Corporation
- Saudi Basic Industries Corporation (SABIC)
- Berry Plastics Corporation
- JM Eagle
