MarketResearch.biz is releasing a new, comprehensive report on “Bio-Based Construction Polymers Market 2020 || Industry Segment By product, application, and region, Regional Outlook, Market Demand, Latest Trends, Share & Revenue by Manufacturers, Company Profiles, Growth Forecasts – 2029”. The new report analyses the current market size and offers forecasts for the next 10 years of growth of this industry.
Biobased polymers are materials produced from renewable resources such as starch, cellulose, fatty acids, and organic waste through the bacterial fermentation process. The expanding construction industry and growing demand for more sustainable polymers is fueling demand for biobased polymers in construction applications.
This 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. In the report, the global biobased construction polymers market report is segmented on the basis of product, application, and region.
Using renewably-sourced plastic materials reduces the dependency on fossil fuels and helps in lowering carbon dioxide footprint. Furthermore, favourable government initiatives towards consumption of biobased polymers are expected to drive revenue growth of target market over the forecast period
However, the high cost of biobased construction polymers is expected to restrain revenue growth of the bio-based construction polymers market over the forecast period.
Based on type of product, the polyurethane segment is expected to account for a 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 in this segment.
In terms of application, the pipes segment is expected to account for a major revenue share in the global market and, due to rising demand for biobased construction polymers for pipes fitting and insulation, is expected to maintain its dominance over the forecast period.
The Asia Pacific market will be the dominant player in the global biobased construction polymers market and is expected to remain so over the forecast period. The increasing volume of construction in the countries of China, India, and Indonesia is expected to drive revenue growth in the Asia Pacific bio-based construction polymers market over the forecast period. Moreover, the rising demand for paints in the region is expected to support revenue growth of biobased 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’s bio-based construction polymers market is expected to grow at a moderate rate over the forecast period, owing to the smaller volume of infrastructural activities in the region.
Market Segmentation and Key Players Operating in the Global Bio-Based Construction Polymers Market:
Polyethylene Terephthalate (PET)
Others (polyamides (PA), polytrimethylene terephthalate (PTT), polylactic acid (PLA), polybutylene succinate (PBS))
Others (paints & coatings and wood & concrete repair)
Major players covered in this report are: 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