Bio Based Construction Polymers Market Analysis And Segment Forecasts To 2024
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Bio Based Construction Polymers Market Analysis And Segment Forecasts To 2024 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. 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. Browse the report:http://www.orbisresearch.com/reports/index/bio-based-constructionpolymers-market-analysis-by-product-cellulose-acetate-epoxies-polyethylene-terephthalate-petpolyurethane-by-application-pipe-profile-insulation-and-segment-forecasts-to-2024 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 significantly.
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Bio Based Construction Polymers Market Analysis And Segment Forecasts To 2024 Asia Pacific accounted for 31.5% of the global demand in 2015 and is anticipated to witness the fastest growth over the next eight years. The high growth may be attributed to growing infrastructure, particularly in India and China. Request a sample of the report: http://www.orbisresearch.com/contacts/request-sample/111378 Bio based construction polymer market is highly fragmented among small domestic companies and multinational players. Key players in the market include Mitsubishi Gas Chemical, Tate & Lyle, DuPont de Nemours, BASF, Toyobo, SK Chemicals, Bio-On, Nature Works, Synbra, Kaneka TEPHA and Ube.
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