Bio-Based Construction Polymer Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2024 – 2032

Bio-Based Construction Polymer Market Size

Bio-Based Construction Polymer Market is poised to grow with a lucrative CAGR from 2024 to 2032, driven by the increasing R&D spending for the development of eco-friendly renewable products. Bio-based construction polymers, derived from natural sources for potentially reducing plastic waste on the planet, are garnering higher demand due to the growing government concerns about waste disposal and initiatives associated with LEED certification. Strict regulations over the use of traditional plastic is also motivating manufacturers to develop biopolymers for construction applications.
 

Rising acceptance of polymers made without fossil fuels, rapid advancements in biotechnology along with growing initiatives to cut production costs will also augment the product utilization. However, the widespread use of conventional petroleum-based polymers, fluctuating raw material prices, higher production value, and the lack of consumer awareness about bio-based goods may impede the market growth to some extent.
 

Bio-Based Construction Polymer Market Trends

Strategic utilization of renewable resources is a major factor propelling the market growth. The strong commitment to sustainability is driving the demand for bio-based polymers leveraged from biomass, agricultural waste, and other renewable feedstocks. This approach aligns with the global push for eco-friendly construction materials to meet the rising demand for green building solutions. With construction practices increasingly prioritizing renewable resource utilization, bio-based polymers have emerged as key components for contributing to reduced environmental impacts and fostering a more sustainable construction sector.
 

Bio-Based Construction Polymer Market Analysis

Based on product, the polyurethane segment is projected to witness high demand between 2024 and 2032, due to the rising need for insulation in the building and construction sector, particularly in Europe and the U.S. PUR bio-based construction polymers are witnessing deeper penetration into a wider range of construction applications. With the increasing expansion of urban infrastructure across the globe and the rising need for coatings & paints and adhesives, the product demand is likely to gain significant traction.
 

In terms of end-use, the bio-based construction polymer market from the pipes segment is projected to gain traction between 2024 and 2032, attributed to the widespread usage in making panels, flooring products, and roofing applications. Superior corrosion resistance, strength, lightweight, and durability qualities offered by these pipes plays a significant role in the design of frames and profiles as well as the construction of bridges. Furthermore, several companies are developing new piping solutions to address the evolving customer needs, adding to the segment growth.
 

Asia Pacific bio-based construction polymers industry is estimated to account for a sizable revenue share by the end of 2032. Initiation of new construction projects, rapid economic growth, and entry of new products will boost the market growth. Ongoing efforts to improve infrastructure, particularly in China, Japan, India, and Indonesia are driving the need for paints and other materials to ease construction work. The favorable environment for bio-based products and the upsurge in public construction projects, particularly in developing countries, will fuel the regional product demand.

Bio-Based Construction Polymer Market Share

Prominent firms in the bio-based construction polymer industry are emphasizing research activities, innovative product developments, and strategic alliances. These endeavors are driving advancements while fortifying their portfolio of sustainable and high-performance construction materials. To illustrate, Covestro is a pivotal market player demonstrating leadership through innovative solutions. Its commitment to sustainable construction materials is fostering industry growth and environmental responsibility.
 

Some of the leading players in the bio-based construction polymer industry include:

• Teijin Plastics
• PolyOne (SK Capital)
• BASF SE
• Kaneka Corporation
• SK Chemicals
• Covestro
• Toyobo Co., Ltd.
• Bio-On
• Mitsubishi Gas Chemical Company
• NatureWorks LLC
• Evonik Industries (RAG-Stiftung)
   

Bio-Based Construction Polymer Industry News

• In August 2023, Neste, LyondellBasell, Biofibre, and Naftex developed a value chain to combine bio-based polymers and natural fiber to produce building elements. This integration of polymers with detectable bio-based content with natural fiber in building parts helps generate carbon storage to combat climate change.
   
• In March 2023, Kolon Industries signed a Joint Development Agreement with Stora Enso to develop and industrialize bio-based polyesters and applications, as well as renewable binder resin compositions.

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