Demand For Construction Polymers Market Driven By Shifting Consumer Perceptions And Growing Awareness : Fact.MR

Globally, after the packaging industry, the construction industry is the largest market where Epoxy Resins Polymers Market 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 polymer, 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.

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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.

Segmentation

Fact.MR has segmented the construction polymers market on the basis of type, end-use sector, application, construction activity, and by region.

By Polymer Type	Epoxy Resins Polystyrene Polycarbonate Polyethylene Polyisobutylene Polymethylmethacrylate Polypropylene Polyurethane Polyvinylchloride Others
By End Use Sector	Commercial Real Estate Construction Housing Real Estate Construction Industrial Construction Facility Infrastructure Transportation Infrastructure Utility Infrastructure Other Infrastructure
By Application	Walls Floorings Pipings Windows Roofs Insulation and Sliding Glazing Cladding Plastic Wraps Other Applications
By Construction Activity	New Construction Renovation Market
By Region	Asia Pacific North America Europe Latin America Middle East and Africa

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Green Building Trends: The Untapped market

Countries such as China and India are realizing the environmental implications of robust industrial development and urbanization. Therefore, the need to check emissions and cut down of energy consumption is now considered one of the top priorities across the globe. Number of initiatives have been taken by the government. For example in Germany, 70 year old area of residential households is to be retrofitted with new materials and technological advancements.

Similarly, in the United States, Leadership in Energy and Environmental Design (LEED) v4 was approved by the U.S. Green Building Council (USGBC) in July and was formally launched in November 2013. The International Green Construction Code (IGCC) has been adopted by several states and local jurisdictions across the U.S. Along with this, new version of the LEED rating system brought with it several new changes that sophisticated the world of green buildings. LEED v4 also encompasses cradle-to-cradle design more stringently.

This means among other criteria, products and resources used are environmentally safe, designed for recycling or composting, and the manufacturing process must make use of renewable energy and carbon management. The growing awareness among people regarding green buildings and the government support will create many opportunities in the construction polymers market.

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Rapid Urbanization to Sustain High Demand in Asian Countries

According to Fact.MR’s research, the market is likely to witness a CAGR of ~ 6.5% during the forecast period in terms of value. Construction polymers will sustain high demand for range of products such as plastic pipes, doors and windows, insulation materials, polymer waterproof materials and other construction polymer-based products, finds the report.

According to the report, due to rapid urbanization, South Asia is gaining momentum in the construction industry, and is likely to contribute as world’s third largest construction market till 2025. And as per Fact.MR’s research, ~ 11.5 million new constructions are going to be built every year. This will pave the way for worthwhile opportunities for construction polymers market in Asian countries.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2020/03/26/2007072/0/en/Demand-for-Pharmaceutical-Packaging-to-Double-Through-2029-High-Preference-for-Sustainable-Packaging-to-Drive-Market-Growth-Says-a-New-Fact-MR-study.html

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