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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

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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