Forecast: Building and Construction Fabricated Plastics Products Sales in the US

The building and construction fabricated plastics products market in the US experienced moderate growth from 2013 to 2019, with some fluctuations, but faced a significant decline in 2020 due to the pandemic, decreasing by 16.54%. However, the market rebounded in 2021 with substantial growth of 15.08%, followed by steady increases in 2022 and 2023, reaching a value of $11.155 billion in 2023. The average compound annual growth rate (CAGR) from 2018 to 2023 was approximately 0.54%. The forecast suggests continued, albeit gradual, growth with an expected CAGR of 0.43% over the next five years, reaching $11.421 billion by 2028.

Future trends to watch for in this sector include:

• Technological advancements in plastics production
• Increased sustainability and use of recycled materials
• Regulatory changes impacting material usage
• Shifting market demands influenced by economic conditions