Reports and Insights freshly added a report titled “Construction Polymer Market: Opportunity Analysis and Future Assessment 2022-2030” in its database of market research reports which offers its readers a detailed and profound analysis on the fresh growth opportunities, trends and growth drivers that are closely linked with the growth of the market. The report further provides crucial insights on the COVID-19 impacts on the Construction Polymer Market along with the compound growth rate (CAGR) of the market for a forecasted period between 2022 and 2030. The report also comprises assessment of the market by employing various analytical tools, such as Porter’s five forces analysis and PESTEL analysis. These tools also offer an in-depth analysis on the micro and macro-environmental factors that are related to the growth of the market over the projected period.
The global construction polymer market in 2022 is estimated for more than US$ 82.7 Bn and expected to reach a value of US$ 137.6 Bn by 2030 with a significant CAGR of 6.6%
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Construction Polymer Introduction
Polymer materials are also gaining popularity in the building and construction segment; as it offers superior Mechanical properties, chemical and corrosion resistance, low VOC along with dirt pickup resistance property. It also offers numerous other benefits, like, environmental erosion, floor pits, blistering, etc. along with the production of energy-efficient materials and components.
Construction polymers also minimize the cost of construction, increases the portability of building structures and also improves the thermal and sound insulation of the building structures.
Construction Polymer Market Dynamics
Increasing demand for polymer composites and structural polymers in the building and construction industry is boosting the growth of construction polymers in the market. The adoption of technological advancements in civil engineering coupled with construction technologies is also propelling the growth of this market.
In addition, the versatility in designs, changing lifestyles of the populations along rapid urbanization is fueling the growth of this market in developing regions. However, the toxic nature of such plastics, stringent environmental norms, and lack of awareness are the factors hampering the growth of this market.
The global construction polymer market is expected to increase at a significant CAGR over the forecast period owing to the growing demand and adoption of polymer composites in building and construction activities.
Moreover, the flexible nature of PVC construction polymer along with its fire-resistant property and design versatility is also increasing the demand for PVC polymers in the polymer type construction polymer market. However, the fluctuating price of raw materials and stringent environmental norms hampers the growth of this market.
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Construction Polymer Market Segmentation
The construction polymer market is segmented on the basis of polymer type, application type, end-use, and region.
On the basis of polymer type, the global construction polymer market can be segmented into epoxy resins, polycarbonate, polyethylene, polyisobutylene, polypropylene, polystyrene, polyurethane, polyvinylchloride, and others. On the basis of application, the global construction polymer market can be segmented into walls & floorings, piping, windows & roofs, insulation & sliding, glazing, cladding, plastic wraps, and others. On the basis of end-use, the global construction polymer market can be segmented into commercial real estate construction, housing real estate construction, industrial construction, facility infrastructure, transportation infrastructure, utility infrastructure, and others.
By Polymer Type
- Epoxy Resins
- Polycarbonate
- Polyethylene
- Polyisobutylene
- Polypropylene
- Polystyrene
- Polyurethane
- Polyvinylchloride
- Other
By Application Type
- Walls & Floorings
- Piping
- Windows & Roofs
- Insulation & Sliding
- Glazing
- Cladding
- Plastic Wraps
- Other
By End-Use
- Commercial Real Estate Construction
- Housing Real Estate Construction
- Industrial Construction
- Facility Infrastructure
- Transportation Infrastructure
- Utility Infrastructure
- Others
Construction Polymer Market Key Players
The construction polymer market is mainly dominated by 3M Company, Arkema S.A., BASF SE, Croda International Plc, E. I Dupont De Nemours and Company, Evonik Industries AG, Formosa Plastics Corp, H.B Fuller Company, Henkel AG & Co. KGaA, Momentive Performance Materials Inc., PolyOne Corporation, SCG Chemicals Co., Ltd., Sika AG, and Solvay SA.
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