Global Bio Based Construction Polymer Market, By Product (Cellulose Acetate, Polyethylene Terephthalate (PET), Epoxies, Polyurethanes (PUR), Polyethylene (PE), Others), Application (Pipes, Insulation, Profile, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
The construction area is under pressure to improve its energy efficiency and environmental performance cost-effectiveness and quality and decrease the use of non-renewable resources. Increasing construction industry which has coupled with rising environmental concerns overall the globe is anticipated to increase the consumption of bio based construction polymer. Furthermore, it decreases the dependency on fossil fuels and supports in dropping the carbon dioxide footprint. Also, government initiatives and regulations towards the consumption of bio based polymers are anticipated to drive revenue growth of the bio based construction market during forecast period.
Data Bridge Market Research analyses that the bio based construction polymer market was valued at USD 10.62 billion in 2021 and is expected to reach USD 17.42 billion by 2029, registering a CAGR of 6.38 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Product (Cellulose Acetate, Polyethylene Terephthalate (PET), Epoxies, Polyurethanes (PUR), Polyethylene (PE), Others), Application (Pipes, Insulation, Profile, Others)
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
Market Players Covered
BASF SE (Germany), Evonik Industries (Germany), Mitsubishi Gas Chemical Company Inc, (Japan), Nature Works LLC (US), Bio-On.it (Italy), Toyobo Co. Ltd. (Japan), DuPont (US), TEIJIN limited (USA), Avient Corporation (US), Tate & Lyle (UK), Hiusan Biosciences (US), Kaneka Corporation (Japan), SK Chemicals (South Korea), BEWI (Norway), Green Dot Bioplastic (US), Solvay (Belgium), Trinseo (US), World Centric. Com (US), Yield10 Bioscience, Inc. (US), Solutions 4 Plastic (UK)
Bio-based construction polymers are those polymers which are derived from renewable biomass sources such as corn starch, living organisms, microbiota, and vegetable oils and fats. As they are polymers, these biopolymers consist units that are monomeric which are merged to form large structures. It can also be made by using agricultural by-products. Bio-based construction polymers can also be formed using microorganisms on plastic bottles and used containers. Normal plastics are derived from fossil fuels such as petroleum and natural gas. The manufacture of these types of plastics requires more fossil fuels that are bio-based and produce excess amount of greenhouse gases.
Bio Based Construction Polymer Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Increase in demand due to environmental concern
Rise in ecological concerns overall the globe has increased the usage of bio-based construction polymers, as they majorly contribute toward decreasing the dependency on fossil fuels. This, helps to lower the carbon dioxide footprints. Increase in R&D activities for the development of eco-friendly products has enhanced the use of bio-based polymers in construction.
- Rise in the number of government regulation and initiatives for spreading consumer awareness
The global bio based construction polymer market is anticipated to rise due to increasing government initiatives to spread consumer awareness. With the rise in government activities to raise awareness about bio based construction polymer. Implementation of favourable government initiatives and regulations in several countries for the usage of bio-based polymers has been boosting the bio based construction market.
- Rise in demand due to construction activities
Increasing demand for bio based construction polymers for insulation and pipes fitting, due to increasing construction industry is major factor anticipated to drive revenue growth of this section during forecast period.
- Rise in demand due to presence of alternatives
Polyhydroxyalkanoates (PHA) and Polylactic acid (PLA) are anticipated to witness the fastest growth in the bio based construction polymer industry due to growing several advantages and numerous uses over other products. PLA is a bio-derived monomer which is used as a pore-forming agent, suspending agent, foam, binder and coating adhesive in the construction industry.
- Rise in the number of emerging market
Demand is anticipated mostly from the emerging markets of the Asia Pacific and South America. Countries such as India, China, and Brazil are expected to witness high market growth due to growing infrastructure activities and favourable bio-based product political framework.
However, bio based construction polymer's easy tear and wear-out properties will obstruct the bio-based construction polymer market's growth rate. Due to negative impact of COVID-19 outbreak on supply chain and high price of raw materials will act as market restraint which has reduced the construction activities during pandemic and further challenge the market growth rate. Unavailability of handle support in bio based construction polymer and inability to carry heavy goods are the major market restrains that will hamper the market's growth rate.
This bio based construction polymer market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bio based construction polymer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Bio Based Construction Polymer Market
In 2019, a coronavirus epidemic occurred, resulting in a global pandemic of COVID-19. The demand for bio-based construction polymer suffered a severe blow which is considering the closing down of construction locations across most of the countries in the world. The influx of operational restraints and the disrupted supply chains brought major disputes to public engineering across the building materials (ECB) industries. However, the use of polymers in construction of hospitals during the pandemic and the recovery positively impacted the market growth.
- In May 2021, Arkemadeal with a company to buy Agiplast, which is a leading plastic compounding company. This acquisition aided the company in offering a full service of recycled and bio-based high-performance polymers to consumers for improved materials circularity.
- In April 2021, Arkema declared plans of commencing the manufacture of Rilsan polyamide 11 and Amino 11, its leading high-performance polymer at the novel plant which has located on Jurong Island, Singapore during the first half of next year.
Global Bio Based Construction Polymer Market Scope
The bio based construction polymer market is segmented on the basis of products and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Cellulose Acetate
- Polyethylene Terephthalate (PET)
- Epoxies, Polyurethanes (PUR)
- Polyethylene (PE)
Bio Based Construction Polymer Market Regional Analysis/Insights
The bio based construction polymer market is analysed and market size insights and trends are provided by country, products and application as referenced above.
The countries covered in the bio based construction polymer market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
Asia Pacific market is expected to have major revenue share in the global bio based construction polymers market and is expected to maintain its dominance over the forecast period of 2022 to 2029.
Asia-Pacific dominates the bio based construction polymer market in terms of revenue share and market and is anticipated to maintain its dominance during forecast period. This is due to the increasing demand for bio based construction polymer in this region. The Asia-Pacific region dominates the bio based construction polymer market, with China leading the way in terms of increasing number of construction activities. Due of the ease of large construction, China is leading the Asia-Pacific market.
During the projected period, Europe is expected to grow because of less number of infrastructural activities in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bio Based Construction Polymer Market Share Analysis
The bio based construction polymer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bio based construction polymer market.
Some of the major players operating in the bio based construction polymer market are:
- BASF SE (Germany)
- Evonik Industries (Germany)
- Mitsubishi Gas Chemical Company Inc, (Japan)
- Nature Works LLC (US)
- Bio-On.it (Italy)
- Toyobo Co. Ltd. (Japan)
- DuPont (US)
- TEIJIN limited (US)
- Avient Corporation (US)
- Tate & Lyle (UK)
- Hiusan Biosciences (US)
- Kaneka Corporation (Japan)
- SK Chemicals (South Korea)
- BEWI (Norway)
- Green Dot Bioplastic (US)
- Solvay (Belgium)
- Trinseo (US)
- World Centric. Com (US)
- Yield10 Bioscience, Inc.(US)
- Solutions 4 Plastic (UK)