Bio Based Construction Polymer Market Size, Share & Trends Report

Bio Based Construction Polymer Market Size, Share & Trends Analysis Report By Product (Polyurethane, Epoxies, PLA, PHA), By Application (Pipe, Profile, Insulation), By Region, And Segment Forecasts, 2016 - 2024

  • Published Date: Sep, 2016
  • Base Year for Estimate: 2015
  • Report ID: GVR-1-68038-101-6
  • Format: Electronic (PDF)
  • Historical Data: 2014
  • Number of Pages: 90

Industry Insights

The global bio based construction polymer market size was USD 11.87 billion in 2015. Rising concern regarding the use of petrochemical products coupled with 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 major source of green-house gas emissions. Growing concern over carbon dioxide footprint in large scale manufacturing units has urged the industry to shift towards bio-based products.

Increasing R&D to develop eco-friendly renewable products has increased the use of bio based polymers in the construction industry. However, high production cost and less developed global supply value chain are expected to hinder the growth. Global bio based product demand is not entirely capitalized to realize the economies of scale and the market is less developed to compete with well-established petroleum based products. A recent breakthrough in technology has shifted focus towards manufacturing bio based polymers from bacterial fermentation. The technology involves synthesizing monomers from renewable sources such as fatty acids, cellulose, and starch.

U.S. bio based construction polymer market

The favorable regulatory scenario in various countries and initiatives by regional governments in support of biopolymers are expected to have a positive impact on bio based construction polymers market growth over the forecast period. Government regulations such as the Lead Market Initiative (U.K.) and BioPreferred (U.S.) favor the use of bio based raw materials for polymer production. Major manufacturers are shifting their focus to developing sustainable technologies and are collaborating with various individual bio based technology firms to manufacture these polymers.

Bio-based construction polymers market has been segmented on the basis of product, applications and region. Based on product, bio based polymers market has been segmented into cellulose acetate, epoxies, Polyethylene Terephthalate (PET), and Polyurethane (PUR). Other product includes Ethylene Propylene Diene Monomer (EPDM), rubber, Polyamide (PA), Polybutylene Adipate-co-terephthalate (PBAT), Polybutylene Succinate (PBS), Polyethylene (PE), Polyhydroxyalkanoates (PHA), Polylactic Acid (PLA), and starch blends.

Key applications include pipe, profile, and insulation. Other applications include wire, flooring, and film. The major demand for the bio-based polymer is centered specifically from Original Equipment Manufacturers (OEMs). Manufacturers have formed partnerships with other major players from different end-use industries to meet the growing demand from various end-use industries, such as bio-plastic and construction. In March 2015, Bio On strengthened its collaboration with COPRAB with new investments in biopolymers owing to increased efficiency and high performance of the Bio on product.

Product Insights

Polyurethane led the global demand and accounted for over 26% of the total volume share of the bio based construction polymer market in 2015. The product segment is expected to register a CAGR of 10.2% over the next eight years. Application of bio based polyurethanes as insulation in the building and construction industry is a significant opportunity for the market, particularly in U.S. and Europe.

Bio based epoxies market is estimated to witness moderate growth over the next few years on account of its wide range of application in the construction industry such as in paints and coatings, adhesives, and wood and concrete repair.

PLA and PHA are expected to witness the fastest growth during the forecast period owing to increasing use and numerous advantages over other products. PLA is a bio-derived monomer used as a suspending agent, foam, pore-forming agent, binder, and coating adhesive in the construction industry.

PHA produced from microorganism is used as a coating, viscosifier, and pore-forming agent. The other bio based polymers produced worldwide include Polytrimethylene terephthalate (PTT) and Polybutylene succinate (PBS).

Application Insights

Major applications include pipe, profile, insulation, and others. The pipe was the largest application segment and accounted for over 37% of the global demand in 2015. The construction industry has been a major consumer of plastics with the application ranging from pipe fittings and insulation.

Global bio based construction polymer market

Use of plastics compounding is also increasing in pipes and fittings segments supported by their reduced cost structures, long life span, corrosion resistance and light weight. Typical applications where bio based construction polymers are used include window and door profiles, pipes and guttering, cement, flooring, glazing, sealants and adhesives, insulation, building panels, and roofing.

Growing trend of using bio based polymers in profiles used in bridge engineering for all composite structures is anticipated to propel the market growth over the forecast period. Profile application is expected to witness the fastest CAGR of 10.6% over the next eight years. Other construction applications include bridge bearings, FRP bridge section, glazing sealant, concrete molds, concrete jointing, cladding panel, and floorings anchor fixings.

Regional Insights

Emerging markets of Asia Pacific and South America are anticipated to register significant demand. Countries such as China, India, and Brazil are anticipated to witness high growth owing to increasing infrastructure activities and favorable bio based product political framework.

Moderate growth is expected from matured markets such as North America and Europe. Countries such as U.S. and U.K. are expected to lose their market share to Asia Pacific countries owing to less infrastructural activities taking place in these regions.

Bio Based Construction Polymer Market Share Insights

The market is highly competitive and is expected to move towards consolidation and may witness an increase in mergers, acquisitions, and strategic alliances over the forecast period. Major companies include SK Chemicals, BASF SE, Evonik Industries, Mitsubishi Gas Chemical, Nature Works LLC, Bio-On, Toyobo, DuPont de Nemours, Teijin Plastics, and PolyOne. Other players include Tate & Lyle, Hiusan Biosciences, Kaneka TEPHA, Synbra, and Metabolix.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historical data

2014

Forecast period

2016 - 2024

Market representation

Volume in Kilotons, Revenue in USD Million & CAGR from 2016 to 2024

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Report coverage

Revenue forecast, competitive landscape, growth factors and trends

Country Scope

U.S., Canada, Mexico, Germany, U.K., France, ROE, China, India, ROAPAC

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