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Bio-based polymers are materials manufactured from renewable resources. They are highly preferred in construction applications due to the rise in demand for non-fossil fuel based polymers. Earlier, bio-based polymers would be derived from agriculture feedstock such as potatoes, corn, and other carbohydrate feedstock. However, advancement in bio-technology led to the production of bio-based polymers through the bacterial fermentation process from renewable resources such as starch, cellulose, fatty acids, and organic waste.

Increase in environmental concerns across the world has boosted the usage of bio-based polymers, as they majorly contribute toward reducing the dependency on fossil fuels. This, in turn, helps lower carbon dioxide footprints. Rise in R&D activities for the development of eco-friendly products has accelerated the use of bio-based polymers in construction. Furthermore, implementation of favorable government regulations and initiatives in various countries for the usage of bio-based polymers has been augmenting the market since the last few years. Bio-based polymers are not entirely endowed to gain the advantage of economies of scale. Therefore, high production cost is anticipated to inhibit the market growth during the forecast period.

The bio-based construction polymers market can be segmented based on type, application, and region. Epoxies, cellulose acetate, polyurethanes (PUR), polyethylene terephthalate (PET), polyethylene (PE), and others are among the major types of bio-based construction polymers. The others category comprises polylactic acid (PLA), polyamides (PA), polytrimethylene terephthalate (PTT), polybutylene succinate (PBS), and starch blends. The epoxies segment is anticipated to account for major share of the bio-based construction polymers market during the forecast period due to its wide range of applications such as wood & concrete repair, adhesives, and paints & coatings. Significance of insulation in the construction industry is likely to drive the polyurethane segment during the forecast period. PLA acts as a pre-foaming agent, binder, suspending agent, foaming agent, and coating adhesive that offers added advantage. This is estimated to propel the segment during the forecast period.

Prominent applications of bio-based construction polymers include pipe, insulation, profile, and others. The others segment includes FRP bridge section, concrete molds, glazing sealants, cladding panels, and anchor fixings. The pipe segment constitutes key share of the market, led by the lightweight, durability, and corrosion resistance properties of bio-based construction polymers. These polymers are typically used in construction applications such as building panels, roofing, sealants & adhesives, and flooring. Rise in usage of profiles and frames produced from bio-based polymers in bridge engineering and other composites structures is projected to propel the bio-based construction polymers market during the forecast period.

In terms of geography, Asia Pacific is anticipated to lead the global bio-based construction polymers market. Middle East & Africa is also expected to offer significant opportunities to the bio-based construction polymers market owing to the increase in construction activities and infrastructural growth in the region. Furthermore, implementation of favorable government regulations and policies is projected to augment the building & construction industry in the region. The bio-based construction polymers market in North America and Europe is estimated to expand at a moderate pace due to the less number of construction activities vis-à-vis those in emerging economies. 

The bio-based construction polymers market is in the nascent stage. Thus, it is considered to be highly competitive. The market is dominated by large players. Various development strategies such as mergers & acquisitions, joint ventures, and new product launches are likely to be implemented during the forecast period.

Key players operating in the bio-based construction polymers market include E. I. du Pont de Nemours and Company (the U.S.), Covestro (Germany), BASF SE (Germany), Bio-On SpA (Italy), Kaneka Corporation (Japan).

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Bio Based Construction Polymers Market

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