Global Bio Based Construction Polymer Market - Industry Trends and Forecast to 2031

Bio Based Construction Polymer Market Analysis and Size

In the bio based construction polymer market, structural components encompass critical elements such as beams, columns, panels, and other load-bearing parts essential for buildings and infrastructure. These components are increasingly adopting bio-based construction polymers due to their beneficial properties, such as a high strength-to-weight ratio, durability, and eco-friendliness. Engineers and architects favor bio-based polymers because they can be tailored to meet specific performance criteria, offering versatile solutions that decrease reliance on conventional materials such as steel and concrete. Moreover, bio-based polymers contribute to reduced carbon emissions in their production processes and may even sequester carbon dioxide if sourced from biomass subjected to carbon capture technologies.

The global bio based construction polymer market size was valued at USD 12.02 billion in 2023 and is projected to reach USD 19.71 billion by 2031, with a CAGR of 6.38% during the forecast period of 2024 to 2031.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

A bio based construction polymer is a material used in building and construction applications that is derived from renewable biomass sources such as plants, algae, or agricultural by-products. These polymers offer sustainable alternatives to traditional petroleum-based plastics, reducing environmental impact by lowering carbon emissions and dependence on fossil fuels. They are utilized in various construction applications, including insulation, flooring, roofing, and structural components, contributing to the promotion of eco-friendly building practices.

Bio Based Construction Polymer Market Dynamics

Drivers

• Growing Demand for Sustainable Building Materials

As awareness of environmental issues increases, stakeholders in the construction industry are seeking alternatives to traditional materials that have a lower environmental impact. Bio-based construction polymers offer several advantages, including reduced carbon footprint during production, renewable sourcing from biomass, and potential for biodegradability. These materials align with green building certifications and sustainability goals set by governments, corporations, and consumers worldwide.

• High Government Initiatives

Governments worldwide are increasingly implementing policies, regulations, and incentives that promote the use of sustainable and renewable materials in construction. These initiatives often include tax incentives, grants, subsidies for research and development, and mandates for green building certifications. Such supportive measures not only encourage construction companies to adopt bio-based polymers but also stimulate innovation in manufacturing processes and product development. Government initiatives also enhance market confidence by creating a stable regulatory environment, thereby accelerating the transition towards more sustainable construction practices and reducing the industry's overall carbon footprint.

Opportunities

• Increasing Advancements in Technology

Advancements in technology focus on improving the production processes, enhancing the properties and performance of bio-based polymers, and making them more competitive with traditional materials such as steel and concrete. Technologies such as biotechnology, bioengineering, and material science innovations enable the development of bio-based polymers that offer superior strength, durability, and resilience. Additionally, technological advancements contribute to reducing production costs and increasing scalability, making bio-based polymers more accessible and economically viable for widespread adoption in construction applications.

• Growing Collaborations

Growing collaborations often involve research institutions, manufacturers, construction firms, and government bodies working together to innovate and advance bio-based polymer technologies. By pooling resources and expertise, these partnerships accelerate research and development efforts, leading to the creation of new bio-based materials with improved performance and cost-effectiveness. Moreover, collaborations enable faster commercialization and adoption of these materials in construction applications, helping to meet the increasing demand for sustainable building solutions. This synergy enhances product development and, strengthens supply chains and expands market reach, driving overall growth in the bio-based construction polymer sector.

Restraints/Challenges

• Higher Initial Costs of Bio-Based Polymers

Compared to conventional materials such as steel and concrete, bio-based polymers often involve more expensive production processes and raw materials. This cost disparity can deter construction companies from adopting bio-based polymers, especially when upfront project costs are a critical consideration. Additionally, the construction industry typically operates under tight budget constraints, making it challenging to justify the initial investment in bio-based polymers despite their long-term sustainability benefits.

• Limited Awareness among Stakeholders

Many stakeholders, including architects, engineers, developers, and contractors, may not be fully informed about the benefits, performance capabilities, and applications of bio-based polymers compared to traditional materials. This lack of awareness can lead to hesitancy in adopting bio-based polymers in construction projects despite their environmental advantages. Educational efforts and industry outreach are crucial to address misconceptions, demonstrate the feasibility and reliability of bio-based polymers, and build confidence among stakeholders.

This 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 market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In April 2021, Arkema announced plans to start manufacturing Rilsan polyamide 11 and Amino 11 at a new plant on Jurong Island, Singapore, scheduled to commence operations in the first half of 2022. Rilsan polyamide 11 is a high-performance polymer known for its durability and chemical resistance, crucial in various industrial applications. This expansion aims to meet the growing global demand for these advanced materials, particularly in sectors such as automotive, electronics, and oil and gas
• In May 2021, Arkema finalized the acquisition of Agiplast, a prominent plastic compounding company. This strategic move enhances Arkema's capabilities in providing a comprehensive range of recycled and bio-based high-performance polymers. By integrating Agiplast's expertise, Arkema strengthens its commitment to sustainability and the circular economy, offering customers innovative solutions for more environmentally friendly materials

Bio Based Construction Polymer Market Scope

The market is segmented on the basis of product 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.

Product

• Cellulose Acetate
• Polyethylene Terephthalate (PET)
• Epoxies
• Polyurethanes (PUR)
• Polyethylene (PE)
• Others

Application

• Pipes
• Insulation
• Profile
• Others

Bio Based Construction Polymer Market Analysis/Insights

The market is analyzed and market size insights and trends are provided by country, product and application as referenced above.

The countries covered in the 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, U.A.E., Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

Asia-Pacific dominates the market, primarily driven by increasing demand and extensive construction activities, especially in China. China's prominence stems from its robust construction sector, which benefits from the use of bio-based construction polymers due to their sustainability advantages. The region is expected to maintain its dominance through the forecast period, driven by ongoing infrastructure development, urbanization trends, and the adoption of eco-friendly building materials across various construction projects.

Europe is expected to experience growth in the market due to ongoing investments in technology and innovation, which drive sectors such as digital transformation, renewable energy, and advanced manufacturing. Additionally, Europe's focus on sustainability and regulatory frameworks promoting green initiatives contribute to economic resilience. Moreover, the region's established infrastructure and strong industrial base provide a stable foundation for growth, supported by increasing consumer demand and investments in research and development. These factors collectively position Europe to expand even amidst reduced traditional infrastructure projects.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as 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 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 market.

Some of the major players operating in the market are:

• Plastics Corp (U.S.)
• Harman Corporation (U.S.)
• Evonik Industries AG (Germany)
• Eastman Chemical Company (U.S.)
• DIC CORPORATION (Japan)
• Kao Corporation (Japan)
• LG Chem (South Korea)
• Perstorp (Sweden)
• UPC Technology Corporation (Taiwan)
• Kaifeng Jiuhong Chemical Co., Ltd. (China)
• Henan GO Biotech Co.,Ltd (China)
• Valtris Specialty Chemicals (U.S.)
• Velsicol Chemical LLC (U.S.)
• Ferro Corporation (U.S.)
• Mitsubishi Chemical Corporation (Japan)

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