Washington, D.C.— A new analysis from Dr. Perc Pineda, Chief Economist for the Plastics Industry Association (PLASTICS), highlights a resilient U.S. housing market as a critical marker of stability and opportunity for the plastics industry and broader American manufacturing sector.
“Residential construction is a key market for plastics, which are essential for the production of products like pipes, insulation, siding, windows, and other homebuilding applications. According to the Plastics Industry Association’s 2024 Size and Impact Report, $6.7 billion of the $426.7 billion in final demand for single-family residential structures in 2023 was attributable to plastic content,” Dr. Pineda writes. “Understanding the trajectory of this market is critical for professionals across the entire plastics industry value chain,” added Dr. Pineda.
Click here to read the full analysis on the PLASTICS blog.
The Plastics Industry Association (PLASTICS) is the only organization that supports the entire plastics supply chain, including Equipment Suppliers, Material Suppliers, Processors, and Recyclers, representing over one million workers in our $519 billion U.S. industry. PLASTICS advances the priorities of our members who are dedicated to investing in technologies that improve capabilities and advances in recycling and sustainability and providing essential products that allow for the protection and safety of our lives. Since 1937, PLASTICS has been working to make its members, and the eighth largest U.S. manufacturing industry, more globally competitive while supporting circularity through educational initiatives, industry-leading insights and events, convening opportunities and policy advocacy, including the largest plastics trade show in the Americas, NPE: The Plastics Show.
