Bio-based polymers are the materials for which at least a portion of the polymer consists of material produced from renewable raw materials. For example, bio-based polymers may be made from corn or sugarcane. Corn-based isosorbide is used as a replacement for bisphenol A (BPA) monomer. Rising concern regarding the use of petrochemical products coupled with the increasing adoption of renewable products is expected to propel the bio-based construction polymers market. Fossil fuel usage across various industrial operating facilities is a significant source of greenhouse gas emissions. Rising concern over carbon dioxide footprint in large scale manufacturing units has urged the industry to shift towards bio-based products.
MARKET DYNAMICS
The bio-based construction polymers market has witnessed significant growth due to favorable regulatory scenario in various countries and initiatives by regional governments in support of biopolymers. Moreover, the increasing R&D to develop eco-friendly renewable products has increased the use of bio based polymers in the construction industry provide a huge market opportunity for the key players operating in the bio-based construction polymers market. However, high production cost and less developed global supply value chain is projected to hamper the overall growth of the bio-based construction polymers market.
MARKET SCOPE
The "Global Bio-Based Construction Polymers Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the bio-based construction polymers market with detailed market segmentation product, application, and geography. The global bio-based construction polymers market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bio-based construction polymers market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global bio-based construction polymers market is segmented on the basis of product and application. On the basis of product, the global bio-based construction polymers market is divided into polyurethane, epoxies, PLA, and PHA. On the basis of application, the global bio-based construction polymers market is divided into pipe, profile, and insulation.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global bio-based construction polymers market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The bio-based construction polymers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the bio-based construction polymers market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the bio-based construction polymers market in these regions.
MARKET PLAYERS
The reports cover key developments in the bio-based construction polymers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from bio-based construction polymers market is anticipated to lucrative growth opportunities in the future with the rising demand for bio-based construction polymers in the global market. Below mentioned is the list of few companies engaged in the bio-based construction polymers market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the bio-based construction polymers market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Bio-On
- E. I. du Pont de Nemours and Company
- Evonik Industries
- Mitsubishi Gas Chemical
- Nature Works LLC
- PolyOne
- SK Chemicals
- Teijin Plastics
- Toyobo
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.