The report Bio-based Construction Polymers Market by Products (Epoxies, Polyethylene Terephthalate (PET), Polyurethane (PUR), Cellulose Acetate (CA), and Others), End Users (Profile, Insulation, Pipe, and Others) - Global Industry Analysis, Trends analysis and Forecast up to 2023

Pune, India -- (SBWire) -- 02/16/2018 --The report Bio-based Construction Polymers Market by Products (Epoxies, Polyethylene Terephthalate (PET), Polyurethane (PUR), Cellulose Acetate (CA), and Others), End Users (Profile, Insulation, Pipe, and Others) - Global Industry Analysis, Trends analysis and Forecast up to 2023 studies the world as well as regional markets including North America, Europe, Asia Pacific and RoW (Including Latin America, Middle East and Africa), The bio-based construction polymers market is expected to reach USD 31 Billion by 2023 expanding at a CAGR of 8.9%. Factors driving the growth of this market include rising use bio-based polymers in construction industry, stringent government regulations to promote reduction of carbon dioxide emissions and growing demand for bio-based polymers from consumer goods due to technological innovation.

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Polyurethane estimated to Account for the Largest Share of the Market in 2017

By product, the bio-based construction polymers market is classified into epoxies, polyethylene terephthalate (PET), polyurethane (PUR), cellulose acetate (CA), and others. The polyurethane segment is expected to lead the global bio-based construction polymers in 2017. Factor driving the growth of this segment include increasing demand for bio-based polyurethanes as insulation in construction industry.

Pipes and Insulation are estimated to Command the Largest Share of the Market during the Forecast Period

Based on application, the bio-based construction polymers market is categorized into profile, insulation, pipe, and others. The pipes and insulation segment are estimated to account for the largest share of the global bio-based construction polymers market during the forecast period. Increasing demand for pipes from the construction industry due to their longer life span & lower cost are the key factors driving the growth of this end-user segment.

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Asia Pacific estimated to Command the Largest Share of the Market

Based on region, the bio-based construction polymers market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Asia Pacific is expected to dominate the bio-based construction polymer market in 2017. This is attributed to factors such as growing infrastructure in developing economies such as India and China which results in increasing demand for bio-based polymers from the construction industry and due to bio-based product structure.

Companies Profiled Mentioned in this Report:

The report profiles some of the key companies in the bio-based construction polymer market including PolyOne, Teijin Plastics, E.I. duPont de Nemours, Toyobo, Bio-On, Nature Works LLC, Mitsubishi Gas Chemical Company, Inc., Evonik Industries, BASF SE, and SK Chemicals.