Bio-based Construction Polymers Market

Global Bio-based Construction Polymers Market, By Product (Cellulose Acetate (CA), Epoxies, Polyethylene terephthalate (PET), Polyurethane (PUR) and Others), By Application (Pipe, Insulation, Profile, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

PMI58419 | Polymers and Resins

Apr 2019 | 167 | PDF

Bio-based polymers are materials manufactured from renewable resources. They are highly favored in construction applications owing increasing demand for non-fossil fuel based polymers. Increasing adoption of renewable products coupled with rising concern regarding the use of petrochemical products is major factor driving growth of the global bio-based construction polymers market. According to data published by International Energy Agency in 2018, petrochemicals ranks more than a third of the growth in world oil demand to 2030, and nearly half the growth to 2050, adding nearly 7 million barrels of oil a day by then. In addition, rising concern over carbon dioxide footprint in large scale manufacturing units has urged the industry to shift towards bio-based products, thus boost growth of the target market. However, low Awareness about bio-based products among consumers globally may restrain growth of the target market over the forecast period.

Global bio-based construction polymers market report published by Prophecy Market Insights offers holistic view of various influencing factors and aims to answer all the target market related questions.

The research scope provides comprehensive market size, and other in-depth market information details such as, market growth supporting factors, restraining factors, trends, opportunities, market risk factors, market competition, product and services advancements and launches, product/services related regulations overview, and recent developments for the mentioned forecast period. In addition, the report provides key examination of market players operating in the specific market and analysis and outcomes related with the target market for more than 20 countries.

In the current research scope 2018 is considered as base year and 2019 is estimated year for market value/volume calculations. The report offers market estimates for the forecast period – 2019 to 2029. The report provides factual inputs and analysis based on primary and secondary research, which includes insights gained through in-depth interviews with primary research participants. Also, the data is gathered from authentic secondary sources and is verified by key opinion leaders in the target market. The in-house research is applied on gathered information to provide more accurate data points and reduce the margin of error. The in-house research and analysis efforts include various tools and 360o data analysis methodology.

The global bio-based construction polymers market report segments the market on the basis of product, application, and region.

The report expected to answer various target market related questions and offers insights on:

  • Definition, description, overview of market growth influencing factors, and forecast for the target market
  • Scope for related market in the forecast period
  • Analysis and outcome for the global bio-based construction polymers market by segment and region followed by countries
  • Market segmentation, dominating segment and region followed by country along with market value, share, Y-o-Y growth, CAGR, forecast, and contribution in the market
  • Key market player profiles, their recent developments, strategies, financial details, key competencies, presence by region, and product portfolio
  • Valuable insights, data, and forecast that can be referenced to plan business strategies, to tap market opportunities, understand business related risks, derive business goals, to recognize trends, and understand target customers/end users
  • Insights on recent technologies, pipeline products, regulations related with target market, market investment, and offers insights on political and economical factors that may influence market growth
  • PEST Analysis, PORTER’s five forces analysis, opportunity map analysis, drivers and restraints impact analysis, and market attractiveness index

Key players in the global bio-based construction polymers market includes, Mitsubishi Gas Chemical, Tate & Lyle, DuPont de Nemours, BASF, Toyobo, SK Chemicals, Bio-On, Nature Works, Synbra, and polyone corporation.

Prophecy Market Insights offers required customization on this report according to specific business requirements.

Overview:

Bio-based polymers are materials produced from renewable resources such as starch, cellulose, fatty acids, and organic waste through the bacterial fermentation process. Bio-based polymers are majorly preferred in construction application owing to the rise in demand for non-fossil fuel based polymers. Initially bio-based polymers were produced from agriculture feedstock such as potatoes, corn, and other carbohydrate feedstock. However, advancement in bio-technology leads to the production of bio-based polymers by the bacterial fermentation process from renewable resources such as starch, cellulose, fatty acids, and organic waste.

Market Dynamics:

Increasing bio-based polymer demand in various applications in the construction sector like cladding panel, FRP bridge section, and glazing sealant is a key factor that drives the growth of global bio-based construction polymers market. Growing construction industry attributed with rising environmental concerns across the globe is another factor, which drives growth of the global bio-based construction polymers market as bio-based polymers majorly contribute toward reducing the dependency on fossil fuels. For instance, according to data published in journal of international commerce and economics, in 2015, in UAE, Abu Dhabi requires that government and nongovernment buildings, villas, and communities meet particular environ-mental standards. Dubai imposed mandatory green standards on government buildings beginning in 2011 and on all buildings beginning on March 1, 2014. Further, increasing regulatory intervention has decreases the dependency on petrochemical products followed by carbon and Green House Gas (GHG) emissions. This is attributed the end use industries to adopt bio based products as a replacement to fossil fuel, which supports the growth of the global bio-based construction polymers market. Moreover, polylactic acid is used to develop various bio-based materials like bio-based plastics and thermoplastic composites which are used in decking, fences, and bridges in building and construction industry, that is expected to propel the growth of the global bio-based construction polymers market. However, high production cost of bio-based polymer is anticipated to inhibit the growth of the global bio-based construction polymers market.

Regional Analysis:

For detailed understanding of market dynamics, the global bio-based construction polymers market is analyzed across key regions viz North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global bio-based construction polymers market. Asia Pacific is anticipated to dominate the global bio-based construction polymers market over forecast period. This is owing to high demand for epoxies and cellulose acetate attributed with growing construction activities in emerging economies of Asia Pacific such as China, and India are anticipated to fuel industry growth significantly. Middle East & Africa is also expected to become lucrative region for the bio-based construction polymers market due to the increase in construction activities and infrastructural growth in the region. The bio-based construction polymers market in North America and Europe is estimated to expand at a moderate rate owing to the less number of construction activities in emerging economies. 

Competitive Analysis:

Some of the prominent players operating in the global bio-based construction polymers market include E. 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., and PolyOne Corporation. Advancements in the product as well as in manufacturing process, and product launches are some trends witnessed in the global bio-based construction polymers market. For instance, Mitsubishi Gas Chemical Company, Inc. (MGC; Head Office: Chiyoda-ku, Tokyo; President: Toshikiyo Kurai) will establish a new Optical Materials Division in the Specialty Chemicals Company on April 1, 2019.

Market Taxonomy:

This report segments the global bio-based construction polymers market on the basis of product, application, and region. On the basis of product, the global bio-based construction polymers market has been segmented into cellulose acetate (ca), epoxies, polyethylene terephthalate (pet), polyurethane (pur) and others. Based on application, the global bio-based construction polymers market has been divided into pipe, insulation, profile, and others.

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Key features of the study:

Prophecy Market Insights provides detailed analysis on bubble tea market in our report- Global Bio-Based Construction Polymers Market by product, by application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, customers demand, and regional outlook. The report delivers competitive analysis about leading players in the global bio-based construction polymers market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe. Various strategy matrices include in the report are PEST analysis, PORTER’s five forces analysis, and opportunity map analysis to analyze the bio-based construction polymers market.

Detailed Segmentation:

Global Bio-based Construction Polymers Market, By Product:

  • Cellulose Acetate (CA)
  • Epoxies
  • Polyethylene terephthalate (PET)
  • Polyurethane (PUR)
  • Others

Global Bio-based Construction Polymers Market, By Application:

  • Pipe
  • Insulation
  • Profile
  • Others

Global Bio-based Construction Polymers Market, By Region:

      • North America
        • North America Bio-based Construction Polymers Market, By Product
        • North America Bio-based Construction Polymers Market, By Application
        • North America Bio-based Construction Polymers Market, By Country
          • U.S.
          • Canada
      • Europe
        • Europe Bio-based Construction Polymers Market, By Product
        • Europe Bio-based Construction Polymers Market, By Application
        • Europe Bio-based Construction Polymers Market, By Country
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
        • Asia Pacific Bio-based Construction Polymers Market, By Product
        • Asia Pacific Bio-based Construction Polymers Market, By Application
        • Asia Pacific Bio-based Construction Polymers Market, By Country
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific                                                                
      • Latin America
        • Latin America Bio-based Construction Polymers Market, By Product
        • Latin America Bio-based Construction Polymers Market, By Application
        • Latin America Bio-based Construction Polymers Market, By Country
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
        • Middle East & Africa Bio-based Construction Polymers Market, By Product
        • Middle East & Africa Bio-based Construction Polymers Market, By Application
        • Middle East & Africa Bio-based Construction Polymers Market, By Country
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Company Profile:

  • E. I. du Pont de Nemours and Company*
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • 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

“*” marked represents similar segmentation in other categories in the respective section

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