Polymeric materials derived from biomass such as agriculture feedstock (corn, potatoes, etc.) and other organic waste have a wide range of applications in the construction industry, owing to rising initiatives for developing green buildings. For instance, NatureWorks LLC, a company engaged in biopolymer production, offers biopolymer 'Ingeo' which is made from corn, cassava, sugar cane, and beets by fermentation process. Ingeo can be used for flooring, window shades, wall coverings, protective molding, etc. in the building & construction sector.

Market Dynamics:

Increasing initiatives by government agencies towards development of green buildings are expected to boost demand for bio-based construction polymers over the forecast period. For instance, new building codes were released in November 2018, namely the 2018 International Green Construction Code (2018-IgCC). It is released by International Code Council, the Illuminating Engineering Society, the U.S. Green Building Council, and ASHRAE codes, which includes the use of sustainable materials while manufacturing windows, frames, and other materials. Therefore, bio-based construction polymers market is expected to grow significantly as it offers environmental friendly solutions over fossil fuel-based conventional polymers.

Market Outlook:

Construction polymers derived from biomass are expected to gain major traction over the forecast period, owing to rising awareness regarding toxic nature of synthetic chemicals. Builders are focused on offering high quality bio-based construction polymers in order to expand their consumer base. For instance, Tate & Lyle offers 'STAR*POL' starch polymers. These are nonionic water-soluble polymers intended to use in building and industrial applications. Therefore, rising demand for sustainable materials in construction industry is expected to drive growth of the global bio-based construction polymers market over the forecast period.
Moreover, increasing infrastructure activities in highly populated economies in Asia Pacific is expected to propel growth of the bio-based construction polymers market in the region over the forecast period. For instance, according to a report on infrastructure, published by India Brand Equity Foundation in January 2019, Government of India allocated US$ 92.22 billion in the Union Budget 2018-19, in order to boost infrastructure sector in the India. Moreover, as per the same source, India is expected to become the third largest construction market by 2022 globally. Therefore, demand for bio-based construction polymers is expected to rise in Asia Pacific region over the forecast period, owing to growth of the construction industry.

Key players:

Key players operating in the global bio-based construction polymers market include, NatureWorks LLC, Koninklijke DSM N.V., KANEKA CORPORATION, Tate & Lyle, Mitsubishi Chemical Corporation, Synbra Technology bv, Corbion N.V., Hiusan Biosciences, and Cardolite Corporation.

Market Taxonomy:

On the basis of product type, the global bio-based construction polymers market is segmented into:

Cellulose Acetate
Epoxies
Polylactic Acid
Polyurethane
Polyamides
Others (Polyethylene Terephthalate, Polyethylene, etc.)

On the basis of application, the global bio-based construction polymers market is segmented into:

Profile
Insulation
Pipes
Others (Concrete Molds, Glazing Sealants, etc.)

On the basis of region, the global bio-based construction polymers market is segmented into:

North America
- U.S.
- Canada
- Mexico
South America
- Brazil
- Argentina
- Rest of South America
Europe
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- ASEAN
- Australia
- Rest of Asia Pacific
Middle East & Africa
- Middle East
- Africa

About Author

Pankaj Poddar is a seasoned market research consultant with over 12 years of extensive experience in the fast-moving consumer goods (FMCG) and plastics material industries. He holds a Master’s degree in Business Administration with specialization in Marketing from Nirma University, one of India’s reputed institutions, which has equipped him with a solid foundation in strategic marketing and consumer behavior.

As a Senior Consultant at CMI for the past three years, he has been instrumental in harnessing his comprehensive understanding of market dynamics to provide our clients with actionable insights and strategic guidance. Throughout his career, He has developed a robust expertise in several key areas, including market estimation, competitive analysis, and the identification of emerging industry trends. His approach is grounded in a commitment to understanding client needs thoroughly and fostering collaborative relationships. His dedication to excellence and innovation solidifies his role as a trusted advisor in the ever-evolving landscape of not only FMCG but also chemicals and materials markets.