| Product Code: ETC320187 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In the Singapore construction plastics market, the import trend experienced a decline from 2023 to 2024, with a growth rate of -3.76%. However, over the period 2020-2024, the compound annual growth rate (CAGR) stood at a healthy 14.82%. This decline in import momentum in 2024 could be attributed to shifting demand patterns or changes in trade policies impacting market stability.
The Singapore construction plastics market plays a vital role in the building and construction industry. Plastics are used in a wide range of applications, from pipes and insulation to roofing materials and fixtures. The market is driven by construction projects, both residential and commercial, and is characterized by manufacturers and suppliers offering innovative plastic products that meet the industry`s stringent quality and safety standards.
The construction plastics market in Singapore is driven by the construction industry`s growing preference for lightweight, durable, and cost-effective materials. Plastics offer versatility and energy efficiency, making them a favored choice for various applications in construction, including insulation, piping, and cladding. The government`s emphasis on sustainable building practices and green construction further accelerates the adoption of construction plastics. As Singapore continues to urbanize and build eco-friendly structures, the construction plastics market is expected to witness sustained growth.
The construction plastics market in Singapore faces challenges related to sustainability and regulatory compliance. With increasing emphasis on green construction practices, there`s growing demand for eco-friendly plastic alternatives. Moreover, stringent regulations on plastics` use, recycling, and disposal require construction companies to adapt their practices, affecting project costs and timelines.
The Singapore construction plastics market experienced significant disruptions due to the COVID-19 pandemic. Construction projects faced delays and interruptions as lockdowns and restrictions were imposed to contain the virus. This resulted in a decreased demand for construction plastics, such as PVC pipes, insulation materials, and roofing materials. Additionally, supply chain disruptions and labor shortages hindered the production and distribution of these materials. However, as the construction industry gradually recovered and adapted to the new normal, there has been a resurgence in demand for construction plastics. The market is expected to rebound as construction projects resume and the need for durable and cost-effective building materials continues to grow.
Leading manufacturers of construction plastics in Singapore include Dow Chemical Company, Borealis AG, and SABIC. They provide a wide range of plastic materials and solutions for the construction industry.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Construction Plastics Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Construction Plastics Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Construction Plastics Market - Industry Life Cycle |
3.4 Singapore Construction Plastics Market - Porter's Five Forces |
3.5 Singapore Construction Plastics Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Singapore Construction Plastics Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Singapore Construction Plastics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for sustainable and eco-friendly construction materials |
4.2.2 Increasing government investments in infrastructure projects |
4.2.3 Technological advancements in the development of high-performance construction plastics |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Stringent regulations on plastic usage and waste management |
4.3.3 Competition from alternative materials like steel and concrete |
5 Singapore Construction Plastics Market Trends |
6 Singapore Construction Plastics Market, By Types |
6.1 Singapore Construction Plastics Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Singapore Construction Plastics Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Singapore Construction Plastics Market Revenues & Volume, By Pvc, 2021-2031F |
6.1.4 Singapore Construction Plastics Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.1.5 Singapore Construction Plastics Market Revenues & Volume, By Polypropylene, 2021-2031F |
6.1.6 Singapore Construction Plastics Market Revenues & Volume, By Polyethylene, 2021-2031F |
6.2 Singapore Construction Plastics Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Singapore Construction Plastics Market Revenues & Volume, By Window, 2021-2031F |
6.2.3 Singapore Construction Plastics Market Revenues & Volume, By Roofing, 2021-2031F |
6.2.4 Singapore Construction Plastics Market Revenues & Volume, By Flooring, 2021-2031F |
6.2.5 Singapore Construction Plastics Market Revenues & Volume, By Insulation, 2021-2031F |
6.2.6 Singapore Construction Plastics Market Revenues & Volume, By Piping, 2021-2031F |
7 Singapore Construction Plastics Market Import-Export Trade Statistics |
7.1 Singapore Construction Plastics Market Export to Major Countries |
7.2 Singapore Construction Plastics Market Imports from Major Countries |
8 Singapore Construction Plastics Market Key Performance Indicators |
8.1 Percentage increase in the adoption of recycled plastics in construction projects |
8.2 Number of government contracts awarded for construction projects utilizing plastic materials |
8.3 Rate of innovation in construction plastic technology |
8.4 Percentage reduction in plastic waste generated by the construction industry |
8.5 Number of collaborations between construction companies and plastic manufacturers for sustainable solutions |
9 Singapore Construction Plastics Market - Opportunity Assessment |
9.1 Singapore Construction Plastics Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Singapore Construction Plastics Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Singapore Construction Plastics Market - Competitive Landscape |
10.1 Singapore Construction Plastics Market Revenue Share, By Companies, 2024 |
10.2 Singapore Construction Plastics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |