Construction Polymers Market Sales Forecasts Reveal Positive Growth Through 2022 – 2031 : Fact.MR

Globally, after the packaging industry, the construction industry is the largest market where polymers 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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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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As per Fact.MR’s study, it has been observed that construction polymers are moving towards high efficiency and eco-friendliness. But the new range of products still lacks high tech and eco-friendly factors. Players have to pay attention to technological advancements, production efficiency, safety, and eco-friendliness in order to increase their share in the construction polymers market.

Key players in construction polymers market, including BASF and SIBUR signed an agreement on May 30th, 2019, announcing their collaboration to develop new polymer advancements at SIBUR’s PolyLab R&D Center located in Moscow. Furthermore, many collaborations has been witnessed between bigger companies for new innovative solutions in the construction polymers market. For instance, on 4th June 2019, an agreement had been signed between SIBUR and Norner, to cooperate in innovative developments and polymer recycling at SIBUR’s PolyLab. Similarly, on 30th May 2019, SIBUR and 3M had signed an agreement for the development in the untapped areas of 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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