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Showing posts with the label Bio Based Construction Polymers Market

Latest Trends in the Bio Based Construction Polymers Market by 2024

Rising bio-based polymer demand in various applications in the construction sector such as cladding panel, FRP bridge section, and glazing sealant is expected to remain a key driving force for the market growth. The Global Bio Based Construction Polymers Market is expected to reach USD 33.26 billion by 2024 according to a new report by Grand View Research, Inc. Increasing regulatory intervention to decrease the dependency on petrochemical products and to reduce carbon and Green House Gas (GHG) emissions has driven end use industries to adopt bio based products as a replacement to fossil fuel based polymer. Policies such as Lead Market Initiative and Bio-preferred are anticipated to encourage the use of bio-based raw material for polymer production. High demand for epoxies and cellulose acetate coupled with growing construction activities in emerging economies of Asia Pacific and South America such as China, India, and Brazil are anticipated to fuel industry growth si...