Bio-based Construction Polymer Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4349
Bio-based Construction Polymer Market size is anticipated to significantly rise owing to the swelling demand for bio-based products and green chemicals across the world during the forecast timespan. Rising awareness concerning petrochemical product use along with growing adoption of renewable materials will likely advance the product market. These polymers are manufactured using renewable resources that finds major applications in the construction industry. In addition, there has been a surge in the production for bio based polymers to counter the escalating consumption of petroleum based materials. Previously, these eco-friendly polymers were extracted from agricultural feedstock such as corn, potatoes and other varied carbohydrated items. Nevertheless, improvements in bio-technology has piloted the manufacture of bio-based polymers by bacterial fermentation method from sustainable resources such as cellulose, starch, organic waste and fatty acids. Moreover, the budding presence of favorable and strict regulations pertaining the use of bio-based or renewable products for minimizing the carbon footprints around the globe. For instance, government initiatives such as the Bio-Preferred Initiative (U.S.) and Lead Market Initiative (U.K.) are vastly publicizing the bio-based material usage for the production of different polymers. Also, major polymer manufacturers are developing inexhaustible technologies and are joining businesses with different bio-based technology companies to manufacture these polymers, directly boosting the product market size in the coming years.
However, high production cost and fluctuations in the availability of bio-based raw materials may act as an obstacle in growth of the bio-based construction polymer market size in the forecast timeframe. Although, surging R&D activities to produce eco-friendly sustainable products has bolstered the usage of bio-based polymers in the construction sector. Furthermore, promising government strategies coupled with ongoing advancement to lower the production cost is estimated to propel the bio-based polymer production and will further create copious opportunities for the product market size in the near future.
Based on its product, the bio-based construction polymer market size is categorized into polyethylene terephthalate (PET), epoxies, polyurethane (PUR), polyethylene, cellulose acetate (CA) and few others such as polyamide, polylactic acid, polyhydroxyalkanoate etc. Among these, epoxies is expected to generate the maximum demand due to its extensive applications in paints & coatings, adhesives, wood & concrete repair etc. Additionally, insulation activities in the construction industry may drive the bio-based polyurethane (PUR) polymer in the coming years. This additional properties and widespread construction applications is projected to augment the product segment during the forecast period.
On the basis of its applications, the bio-based construction polymer market is classified into profiling, pipes, insulation activities and few others such as concrete molds, cladding panels, glazing sealants, anchor fixings and FRP bridge section. The product finds widespread application in pipes owing to its sturdy, durable, corrosion resistant and lightweight properties. These polymers are basically utilized in roofing, building panels, sealants & adhesives and flooring activities during construction. Moreover, the product is finding extensive application in constructing bridges, since these polymers are used in making frames and profiles, that will likely fuel the product market size.
The bio-based construction polymer market size involves maximum chances for swelling in Asia-Pacific due to its considerable growth in construction activities and economy. The heightened economic enhancement will likely offer profitable business prospects for the product industry size in the near future. The region is presently witnessing a heavy rise in its public construction activities to bolster the infrastructure in its emerging nations such as Indonesia, Thailand, China and India. Moreover, construction industry is at its peak in Asia Pacific with favorable government initiatives and regulations, propelling the bio-based polymer usage in the region during the forecast term.
The bio-based construction polymer market size is contributed by several key manufacturers aiding the market size. Some of the key players comprised in the industry are PolyOne, BASF SE, Mitsubishi Gas Chemical Company, Teijin Plastics, Evonik Industries, E. I. du Pont de Nemours, Bio-On, Covestro, NatureWorks LLC, SK Chemicals, Toyobo Co. Ltd. and Kaneka Corporation.
Bio-based Construction Polymer Market, By Product, 2014-2025
- Polyethylene Terephthalate (PET)
- Polyurethane (PUR)
- Cellulose Acetate (CA)
Bio-based Construction Polymer Market, By Application, 2014-2025
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- Saudi Arabia
- South Africa
- BASF SE
- Evonik Industries
- Mitsubishi Gas Chemical Company
- Teijin Plastics
- E. I. du Pont de Nemours
- Kaneka Corporation
- Toyobo Co., Ltd
- SK Chemicals
- NatureWorks LLC
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