Press release
Comprehensive Market Analysis on Construction Polymer Market projected to reach USD 376.7 Billion by 2030 | CAGR of 7.0% | Forecast period 2023-2030, published by MarketDigits
Construction Polymer Market Scope:Market size value in 2023 - USD 234.6 Billion
Market size value in 2030 - USD 376.7 Billion
CAGR (2023-2030) - 7.0%
Forecast Period - 2023-2030
Segments Covered - Polymer Type, Construction Type, End-use and Region
Geographies Covered - North America, Europe, Asia Pacific, and Row
Sample of Companies Covered - Formosa Plastics Corporation, H.B. Fuller Company, Momentive, NatureWorks LLC., SCG Chemicals, Sika AG, Solvay, TEIJIN LIMITED.
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Browse in-depth TOC on Construction Polymer Market
178-Tables
95-Figures
332-Pages
North America dominates the market for Construction Polymers.
North America stands out as the dominating region in the global Construction Polymer market, with the U.S. leading in consumption and market share. This region is driven by a rising construction industry and a focus on sustainable building practices. The region's commitment to modern infrastructure, stringent building codes, and increasing urbanization drives the demand for construction polymers. Polymer-modified materials find extensive use in infrastructure projects and residential constructions, with a particular emphasis on energy-efficient and environmentally friendly solutions.
Asia Pacific region shows a dynamic and rapidly expanding construction polymer market. The rising construction activities in countries like China, and India, fuel the demand for construction polymers across various applications. The region's substantial investments in infrastructure development, driven by urbanization and population growth, create a fertile ground for market expansion. The increasing awareness of the benefits of construction polymers in enhancing the durability and performance of structures aligns with the construction trends in the Asia Pacific.
Another noteworthy region is the Middle East and Africa, which is driven by a rise in construction projects but faces challenges due to extreme climate conditions, varying regulatory standards, and logistical complexities. Specialized formulations resistant to harsh environments are needed, and industry collaboration is essential to establish standardized guidelines.
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Top Key Players Covered in the Report-
3M, Arkema, Avient Corporation, BASF SE, Croda International Plc, DuPont, Evonik, Formosa Plastics Corporation, H.B. Fuller Company, Momentive, NatureWorks LLC., SCG Chemicals, Sika AG, Solvay, TEIJIN LIMITED and Others
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Recent Developments-
August 2023, Neste, LyondellBasell, Biofibre, and Naftex announced a collaboratively establishment of a value chain to integrate bio-based polymers with natural fibers in the production of construction elements. This combination of polymers with measurable bio-based content and natural fiber enhances the quality of construction components and also generates carbon storage capabilities, contributing to efforts to tackle climate change.
https://industrytoday.co.uk/market-research-industry-today/emerging-trends-and-innovations-for-the-construction-polymer-market-projected-to-reach-usd-3767-billion-by-2030
MarketDigits
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MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that a market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.
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