Bio-Based Construction Polymers Market, By Type (Polyethylene, Polyamide, Polylactic Acid, Polyethylene Terephthalate (PET), Others), By Application (Textile, Automotive, Industrial, Agriculture, Packaging, Others), By Region - Global Analysis Forecast Till 2030

The Worldwide Bio-Based Construction Polymers Market is expected to reach $32.8 billion by 2030, growing at a CAGR of 19.9% between 2022 and 2030.

Bio-based polymers are long-lasting polymers made from renewable resources such as biomass, starch, and rubber. Plants, animals, enzymes, and microorganisms provide the raw materials for bio-based polymers. Polylactic acid, also known as polylactide, is biodegradable and compostable. Growing environmental concerns such as synthetic polymer disposal and recycling are one of the major factors driving the bio-based construction polymers market for bio-based polymers during the forecast period.

The increasing use of bio-based materials in end-use industries, such as packaging, pharmaceutical, construction, and consumer goods, among others, is fueling the growth of the bio-based polymer market. Chitosan is gaining popularity among bio-based polymers due to the presence of amino groups on the polymer backbone, which distinguishes it as a unique natural cationic polymer.

Market Dynamics

Drivers:

• Strong Demand from the Packaging Industry

Packaging is one of the most important markets for bio-based polymers. These polymers have excellent clarity and gloss, as well as resistance to food fats and oils and an aroma barrier. They also improve the package's stiffness, twist retention, and printability. Bio-based polymers are widely used in a variety of applications, including supermarket fruit and vegetable packaging, bread bags and bakery boxes, bottles, envelopes and display carton windows, and shopping or carrier bags.

As a result, the high utilization of bio-based polymers in the packaging industry is expected to pave the way for bio-based construction polymers market growth. Furthermore, stringent regulatory policies governing the use of synthetic polymers will accelerate the growth rate of the bio-based polymer market. Furthermore, favorable government initiatives promoting bio-based polymers will drive market value growth. The decrease in reliance on petroleum resources is expected to boost the bio-based construction polymers market growth.

Restraints:

High Costs

The high costs of bio-based polymers compared to petroleum-derived polymers will stymie the bio-based construction polymers market's growth.

Low Awareness

A lack of awareness in developing regions will be a detriment to the bio-based polymers market. As a result, the bio-based polymers market’s growth rate will be challenged.

Key players:

• Dow 

• NatureWorks LLC 

• Braskem 

• BASF SE 

• TotalEnergies Corbion bv 

• Novamont SpA 

• Biome Bioplastics 

• PTT Global Chemical Public Company Limited

• Mitsubishi Chemical Holding Corporation

• Biotec 

• Mapei S.p.A 

• SOLVAY 

• DAIKIN 

• Toray Industries, Inc., 

• KURARAY CO., LTD. 

• Dupont

Market Segmentation:

Bio-Based Construction Polymers Market, By Type

• Polyethylene

• Polyamide

• Polylactic Acid

• Polyethylene Terephthalate (PET)

• Others

Bio-Based Construction Polymers Market, By Application

• Textile

• Automotive

• Industrial

• Agriculture

• Packaging

• Others

Bio-Based Construction Polymers Market, By Region

• North America

• Latin America

• Europe

• Asia Pacific

• Middle East & Africa

Regional Analysis:

Europe dominates the bio-based polymer market due to unrestricted information and government enterprises in the region, which have encouraged the use of biodegradable polymers in courier packs, food packaging, cooking assistance, and caddy bin liner bags, among others. Asia-Pacific, on the other hand, is expected to show profitable growth due to abundant raw materials, favorable government policies, and increased demand for bio-based polymers from the region's consumer goods segment.

The report's country section also includes individual request-impacting factors and changes in request regulation that affect the request's current and unborn trends. Downstream and upstream value chain analysis, specialized trends, gatekeeper’s five forces analysis, and case studies are some data points used to read the request script for individual countries.  Additionally, the presence and availability of global brands and the challenges they face due to large or scarce competition from local and domestic brands are considered when providing forecast analysis of country data.

Scope of the Report:

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