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Building & Construction Sector to Shape the Construction Polymers Market Growth

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preet gambhir
Building & Construction Sector to Shape the Construction Polymers Market Growth

The global construction polymers market consists of well-diversified global and regional players with the global players accounting for a substantial market share. The construction polymers market is highly fragmented into major countries such as China, India, United States, etc. and is consists of large number of local players. However, prominent players in the construction polymers market include BASF SE (Germany), DuPont (United States), Solvay SA (Belgium), Arkema SA (France), Evonik Industries AG (Germany), PolyOne Corporation (United States), etc. Furthermore, these key players are striving towards the development of bio-based construction polymers that has been identified as a recent trend within the construction polymers market.

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The continuous hike in the demand of reliable raw materials in the sector of construction is likely to unfold the growth strings of the construction polymers market across the globe. The building & construction segment almost account for ~ 20% of the global construction polymers market, followed by the automotive industry. The largest share is contributed by the Housing Real Estate Construction segment in the global construction polymers market. This segment represented ~ 30 Mn tonnes or ~ 40% of the market share in 2018. Further, this segment under construction polymers is expected to represent a CAGR of ~ 5.5% over the forecast period.

Rapid infrastructural and construction activities, fueled by the economic boom in emerging economies, is foretold to drive the construction polymers market growth. Fact.MR forecasts the global construction polymers market to represent a CAGR of ~ 6.5% in terms of value from 2019-2027.

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Ceaseless growth of the construction sector is will generate the need for new and sustainable construction materials, thus driving the market of construction polymers. Infrastructures require more advanced, superincumbent, and appropriate constructional materials. Due to this, construction polymers have become increasingly important as an engineering material. Polymers are one of the essential building blocks in the construction of engines, vehicles, household articles, and buildings. Factors such as widespread availability of raw materials, inherent properties, and flexible processing methods are reflecting favorably on the global demand for construction polymers. The construction industry is typically cautious about changing tried-and-tested methods and requires new materials to have a proven track record, these are some restraining factors in construction polymers market.

Construction polymers has widespread applications including road, roofing, foundations, and paneling. Some of the other applications of construction polymers are glazing sealants, bridge bearings, waterproof membranes, and flooring, among others. Benefits of construction polymers are often too great to ignore and they are making a big impact in number of areas.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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