Global Bio-Based Construction Polymers Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
"Global Bio-Based Construction Polymers Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global bio-based construction polymers market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global bio-based construction polymers market report has been segmented on the basis of product, application, and region.
Bio-based polymers are materials produced from renewable resources such as starch, cellulose, fatty acids, and organic waste through the bacterial fermentation process. They are majorly used in construction application due to the increase in demand for non-fossil fuel based polymers.
Growing construction industry coupled with growing environmental concerns across the globe is expected to boost consumption of bio-based construction polymers. Moreover, it reduces the dependency on fossil fuels and helps in lowering carbon dioxide footprint. Furthermore, favorable government initiatives towards consumption of bio-based polymers are expected to drive revenue growth of target market over the forecast period.
However, the high cost of bio-based construction polymers is expected to restrain revenue growth of the bio-based construction polymers market over the forecast period.
On the basis of product, the polyurethane segment is expected to account for major revenue share in the global target market. Rising demand for polyurethane for insulation in the building and construction industry is expected to support revenue growth of this segment.
Among application, the pipes segment is expected to account major revenue share in the global market and is expected to maintain its dominance over the forecast period. Rising demand for bio-based construction polymers for pipes fitting and insulation owing to growing construction industry is major factor expected to drive revenue growth of this segment over the forecast period.
Asia Pacific market is expected to account major revenue share in the global bio-based construction polymers market and is expected to maintain its dominance over the forecast period. Increasing number of construction activities in the countries such as China, India, and Indonesia in the region is expected drive revenue growth of Asia Pacific bio-based construction polymers market over the forecast period. Moreover, rising demand for paints in the region owing to the growing construction industry is expected to support revenue growth of bio-based construction polymers market in the region. The Asia Pacific accounts for the major revenue share of the global bio-based construction polymers market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively. Europe bio-based construction polymers market is expected to grow at a moderate rate over the forecast period, owing to less number of infrastructural activities in the region.
Market Segmentation and Key Players Operating in the Global Bio-Based Construction Polymers Market:
- Cellulose Acetate
- Polyethylene Terephthalate (PET)
- Polyurethanes (PUR)
- Polyethylene (PE)
- Others (polyamides (PA), polytrimethylene terephthalate (PTT), polylactic acid (PLA), polybutylene succinate (PBS))
- Others (paints & coatings and wood & concrete repair)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- I. du Pont de Nemours and Company
- BASF SE
- Evonik Industries AG
- Covestro AG
- NatureWorks LLC
- Bio-on S.p.A.
- Kaneka Corporation
- Synbra Technology bv
- Mitsubishi Gas Chemical Company, Inc.
- PolyOne Corporation
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