When you think of industries where plastics are in great demand, you might think of packaging or automotive. But one visit to the International Builders Show (IBS) gives you just a glimpse of the myriad applications for plastics in today's homes. The IBS is happening this week in Las Vegas, and it was perfect timing for SPI: The Plastics Industry Trade Association (Washington, DC) to publish Plastics Market Watch: Building and Construction, its fourth report in a series analyzing factors affecting the plastic industry's key end markets.
"From floors to roofs, inside and outside of walls, plastics are a go-to product on construction sites around the world," said William R. Carteaux, SPI President and CEO. "Innovation in the plastics industry to improve and diversify products is matched by the building and construction sector's pace to find, and use, new solutions to address fundamental issues like structural integrity, energy savings, recycling and cost savings."
The leading uses of plastics in residential and commercial construction include roofing, insulation, wall coverings, windows, piping, composite "lumber" (WPC) planks and rails, flooring and structure wraps. According to the report, while the building and construction sector has not regained its "prerecession vigor," it is making steady progress with the promise of growth in the future. Globally, noted the report, "China, India, and the U.S. will be the primary drivers of construction activity, as India is on pace to overtake Japan as the third largest construction market between 2017 and 2022."