Bio-Based Construction Polymer Market Size, Share & Trends Analysis Report By Product (Polyurethane, Polyethylene Terephthalate, Epoxies), By Application (Pipes, Insulation, Profile), By Region, And Segment Forecasts, 2024 - 2030
Bio-Based Construction Polymer Market Growth & Trends
The global bio-based construction polymer market size is expected to reach USD 35.33 billion by 2030 according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 14.8% from 2024 to 2030. Rising bio-based polymer demand in various applications in the construction sector such as cladding panel, FRP bridge section, and glazing sealant is expected to remain a key driving force for the market growth.
Increasing regulatory intervention to decrease the dependency on petrochemical products and to reduce carbon and Green House Gas (GHG) emissions has driven end use industries to adopt bio based products as a replacement to fossil fuel based polymer. Policies such as Lead Market Initiative and Bio-preferred are anticipated to encourage the use of bio-based raw material for polymer production.
High demand for epoxies and cellulose acetate coupled with growing construction activities in emerging economies of Asia Pacific and South America such as China, India, and Brazil are anticipated to fuel industry growth significantly.
PLA and PHA are used to develop various bio-based materials such as bio-based plastics and thermoplastic composites that are used in decking, fences, and bridges in building and construction industry. This is anticipated to propel the market growth over the next eight years.
Bio-Based Construction Polymer Market Report Highlights
Polyethylene terephthalate (PET) dominated the market, with 49.5% of the share in 2023. This is attributable to the continued volatility in petroleum prices, which has driven manufacturers and consumers toward sustainable alternatives.
Pipes accounted for the dominant market share in 2023 as bio-based polymers are extensively applied in pipe insulation and fittings.
The Asia Pacific bio-based construction polymer market has dominated with 37.7% of the share in 2023. The China bio-based construction polymer market dominated the Asia Pacific market.
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Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Bio-based Construction Polymers Market Variables, Trends, & Scope
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million) (Volume in Kilotons)
3.3. Market Dynamics
3.3.1. Market Drivers Analysis
3.3.2. Market Restraints Analysis
3.4. Bio-based Construction Polymers Market Analysis Tools