Global Biobased Construction Polymers Market Overview
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 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.
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 2019 is considered as base year and 2020 is estimated year for market value/volume calculations. The report offers market estimates for the forecast period – 2020 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.
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 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
Global Biobased Construction Polymers Market Competitive Landscape & Key Players
Key players in the 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.
FAQs
The bio-based construction polymers market accounted for Ton 8.0 billion in 2020 and is projected to register a moderate CAGR of 10.8 %
The market report has been segmented on the basis of product, application, and region.
The Bio-based Construction Polymers Market is driven by factors such as the increasing demand for sustainable and eco-friendly construction materials, government regulations promoting bio-based products, and the rising awareness of environmental issues among consumers and industries.
The high cost of production, limited scalability of bio-based polymer production, competition with traditional petroleum-based polymers, and the need for standardized testing and certifications, acting as potential restraints for the Bio-based Construction Polymers Market globally.
North America, Europe, Asia-Pacific, and Latin America. Europe is expected to dominate the Bio-based Construction Polymers Market, driven by stringent environmental regulations, government support for sustainable construction materials, and the emphasis on green building practices in the region.
The prominent player 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.