Image

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

Chemical and Materials

Image

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

  • Chemical and Materials
  • Upcoming Report
  • Jul 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

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

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 12.02 Billion
Diagram Market Size (Forecast Year) USD 19.71 Billion
Diagram CAGR %

Major Markets Players

  • BASF SE (Germany)
  • Evonik Industries (Germany)
  • Mitsubishi Gas Chemical Company Inc
  • (Japan)
  • Nature Works LLC (U.S.)

Global Bio Based Construction Polymer Market, By Product (Cellulose Acetate, Polyethylene Terephthalate (PET), Epoxies, Polyurethanes (PUR), Polyethylene (PE), and Others), Application (Pipes, Insulation, Profile, and Others) - Industry Trends and Forecast to 2024 to 2031.

Bio Based Construction Polymer Market

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

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product (Cellulose Acetate, Polyethylene Terephthalate (PET), Epoxies, Polyurethanes (PUR), Polyethylene (PE), and Others), Application (Pipes, Insulation, Profile, and Others)

Countries Covered

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 (U.S.), Bio-On.it (Italy), Toyobo Co. Ltd. (Japan), DuPont (U.S.), TEIJIN limited (U.S.), Avient Corporation (U.S.), Tate & Lyle (U.K.), HiU.S.an Biosciences (U.S.), Kaneka Corporation (Japan), SK Chemicals (South Korea), BEWI (Norway), Green Dot Bioplastic (U.S.), Solvay (Belgium), Trinseo (U.S.), World Centric. Com (U.S.), Yield10 Bioscience, Inc. (U.S.), Solutions 4 Plastic (U.K.)

Market Opportunities

  • Increasing Advancements in Technology
  • Growing Collaborations

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

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)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

FREQUENTLY ASK QUESTIONS

The Bio Based Construction Polymer Market Size will reach USD 19.71 billion by 2031.
The Growing Demand for Sustainable Building Materials & High Government Initiatives are the growth drivers of the Tag Management System Market.
The major companies in the Bio Based Construction Polymer Market are BASF SE (Germany), Evonik Industries (Germany), Mitsubishi Gas Chemical Company Inc, (Japan), Nature Works LLC (U.S.), Bio-On.it (Italy), Toyobo Co. Ltd. (Japan), DuPont (U.S.), TEIJIN limited (U.S.), Avient Corporation (U.S.), Tate & Lyle (U.K.), HiU.S.an Biosciences (U.S.), Kaneka Corporation (Japan), SK Chemicals (South Korea), BEWI (Norway), Green Dot Bioplastic (U.S.), Solvay (Belgium), Trinseo (U.S.), World Centric. Com (U.S.), Yield10 Bioscience, Inc. (U.S.), Solutions 4 Plastic (U.K.), Etc.
The product and application are the factors on which the Bio Based Construction Polymer Market research is based on.
The major data pointers of the Bio Based Construction Polymer Market are down-stream and upstream value chain analysis, technical trends Porter's five forces analysis, and case studies.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials