Construction Polymers Market: Overview
Construction industry are a high growth area for polymer manufacturers. The expanding array of new materials in the construction polymers market is testimony to the substantial potential. A wide assortment of materials are used in flooring, windows, cladding, pipes, membranes, seals, and insulation. Advances have been made in the chemistries of the chief types of polymers including epoxy resins, polystyrene, polycarbonate, polyethylene, and polypropylene. Construction companies have been harnessing the characteristics of construction polymers in commercial structural applications, a key revenue area in the construction polymers market. End users benefit from the advances in properties such as flexibility, adhesion to substrates, durability, and water resistance.
Key applications in the construction polymers market are walls floorings, piping, windows, and roofs. The study offers critical assessment of key growth dynamics, drivers and restraints, promising product development initiatives in recent years, and an analysis of the factors affecting the competitive scenario.
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Construction Polymers Market: Competitive Analysis and Key Developments
Several companies in the construction polymers market are geared toward engineering specialty copolymers to meet wide range of demand of end-use industries. Some of the prominent players are aiming at develop raw material that can be used in the formulation of high-end superplasticizers. Several players in order to gain competitive edge over others in the construction polymers market are leaning on introducing water-borne polymer products that can meet the demanding conditions of the construction industry. Polymer manufacturers are resin specialist manufacturers are entering the construction polymer in a big way, and have been focused on expanding their footprints especially in developing economies.
Some of the key players in the construction polymers market are:
- PolyOne Corporation
- Evonik Industries
Construction Polymers Market: Key Trends
The construction polymers market is witnessing strides on the back of the growing demand in various types of construction projects around the world. Advances made in the polymer science has enabled manufacturers to increase the longevity of buildings. Aging infrastructures in developing economies have emerged as new revenue stream in the construction polymers market. The growing presence of specialty chemical manufacturers fuels the array of products in the construction polymers market. Further, growing use of construction polymers in waterproofing applications ,and the demand for cement admixtures and asphalt modifiers is boosting prospects. Moreover, substantial uptake has been seen in road construction.
Rise in government spending on infrastructural development projects has bolstered the growth of the construction polymers market. Further, they are getting into private-public models to accelerate these projects, thereby reinforcing the demand in the emerging markets. Growing use of admixtures for construction materials has also spurred the application of construction polymers.
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Construction Polymers Market: Regional Analysis
The major part of the global construction polymers opportunities are spread over North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Sizable revenue streams have been witnessed in Asia Pacific. North America has also been a promising market. Its strides have been fueled by intense research and development materials on specialty chemicals for use in construction industry. Players in the regional market have long been focusing on the commercialization of novel materials that can act as synthetic emulsion polymers. This helps them meet a wide range of challenging requirements in the construction industry. This has also cemented the prospects of North America in the construction polymers market.
Particularly in Asia Pacific, emerging economies are witnessing rise in construction activities and renovation projects. This has been fueled the business propositions for various specialty chemicals manufacturers in the regional market. Also, the opportunities in the Latin America and the Middle East markets are expected to rise at promising pace in coming years.
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
- 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.