Construction Polymers Market Analysis and Value Forecast Snapshot
Posted by Preet on February 5th, 2020
Globally, after the packaging industry, the construction industry is the largest market where polymers are used. It accounts for ~ 20% of the world’s polymer production, unveils a new research study by Fact.MR. In Europe, ~ 10 million tonnes of plastics are used every year i.e. ~ 20% of total European polymer consumption.
This report analyzed the range of products used as a construction polymers, out of which, polyvinyl chloride holds the largest share in the market. Moreover, approximately 60% of the global PVC (Polyvinyl Chloride) production is consumed in the construction industry.
To offer a comprehensive assessment of opportunities, the study makes a scrutiny of growth prospects in various regions. The key regions comprise the following geographical segments:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico)
- Europe (Germany, Italy)
- APEJ (Australia, India)
The detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas. Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets. Shares of major regional markets are also presented in the analysis.
The study provides detailed profile of key players and their offering in the construction polymers market, which include
- B Fuller
- DowDuPont
- BASF SE
- Momentive Performance Materials Inc.
- Arkema S.A.
- 3M
- SCG Chemicals Co., Ltd.
- Henkel AG & Co. KGaA
- Croda International Plc
- Sika AG
- Polyone Corporation
- Formosa Plastics Corp
- Solvay S.A.
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The report offers insight into the competitive dynamic in the construction polymers market which has shaped the major strategies of each player. It also covers recent moves such as partnerships and collaborations, mergers and acquisitions, diversification and research investments, of each prominent player. The key factors that shape the entry barrier and intensity of competition in the construction polymers market are presented in the analysis. Further, the study provides PESTLE analyses of numerous players and an evaluation of how the competitive landscape will evolve over the forecast period.
Widespread Benefits of Construction Polymers to Spur the Consumption Rate
As per Fact.MR’s research, construction polymers have become a key material in new and modern building constructions. Due to its significant benefits such as lightweight, strong plasticity, and high cost-performance ratios, there has been tremendous increase in the consumption of polymers in the global construction industry every year.
Key factors that are driving the demand for construction polymers include the durability of such polymers for applications in window frames and pipes, extending their life in underground cables for 50 years. Polymers are good insulators and effective in hot and cold conditions, prevents energy leakage, and allows to save energy of households. Apart from these advantages, several factors such as cost efficiency, sustainability, easy to install, and low maintain have further boosted the growth of the construction polymers market.
On the basis of applications, the global construction polymers market report offers insights into the opportunities and new avenues of following key segments:
- Walls
- Floorings
- Pipings
- Windows
- Roofs
- Insulation and Sliding
- Glazing
- Cladding
- Plastic Wraps
In order to analyze growth prospects in aforementioned segments in the global construction polymers market, the study assesses demand and consumption patterns of following polymer type:
- Epoxy Resins
- Polystyrene
- Polycarbonate
- Polyethylene
- Polyisobutylene
- Polymethylmethacrylate
- Polypropylene
- Polyurethane
- Polyvinylchloride
Green Buildings to Open New Doorways in the Upcoming Decade
Construction materials, chemicals, and energy industries are pushed to transform and upgrade, as governments continue to promote eco-friendly buildings. Recycling of materials, energy consumption, heat loss of buildings, impact on qualities of water and air, etc. are needed to be taken care of while producing bio-based construction polymers. Green buildings not only include the impact caused by construction polymers, but also the method of processing to ensure the stability and strength of materials during production.
As per Fact.MR’s study, it has been observed that construction polymers are moving towards high efficiency and eco-friendliness. But the new range of products still lacks high tech and eco-friendly factors. Players have to pay attention to technological advancements, production efficiency, safety, and eco-friendliness in order to increase their share in the construction polymers market.
The global construction polymers market report answers numerous pertinent questions, some of which are:
- What are some of the latent areas of investments in the construction polymers market?
- Which region is expected to emerge as showing the most attractive growth rate during the forecast period and which factors will be crucial to its growth?
- What trends are likely to change the status quo of the positions held by leading players of the construction polymers market in the not-so-distant future?
- Which product/service/technology segments holds game-changing potential to dramatically shape the competitive dynamic in the construction polymers market?
- What are the strategies adopted by top players to retain their stronghold in the construction polymers market?
- Which strategic moves will new entrants adopt to gain a strong foothold in the construction polymers market?
How can Fact.MR Make Difference?
- In-depth understanding of key industry trends shaping the present growth dynamics
- Offers value chain analysis and price trend analysis of various offering of competitors
- Offers data-drive decision to help companies decide strategies that need recalibration
- Offers insights into areas in research and development that should attract
- Identifies data outliers before your competitors.
