polymers and polymer composites have emerged as a key materials in terms of
their use in the construction industry. The design, technical and structural
advantages of these construction polymers has driven their application in
building walls and concrete floors with maximum strength. Advancements in civil
engineering and construction technologies have propelled the application
purview of construction polymers.
recent study by XploreMR reveals that by the end of 2026, nearly US$ 135 Mn
worth of construction polymers will be sold globally. This forecast study also
reveals that the global construction
polymer market will expand vigorously at a CAGR of 6.5% over the
forecast period, 2017-2026.
production, feasible profit margins, and relatively easy procurement of raw
materials is driving large chemicals companies towards construction polymer
businesses. The overall competition landscape in the global construction
polymer market remains densely populated by industry leaders from the chemicals
and materials sector.
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majority of construction polymer manufacturers in the global market are based
in countries such as China, India, and South Korea. The study projects that
through 2026, the Asia-Pacific excluding Japan (APEJ) region will represent the
largest market for construction polymers. By the end of the forecast period,
the APEJ construction polymer market will account for nearly half of the
forecast global market value.
PVC Polymers to Remain in Great Demand
report has analyzed the future of the global construction polymer market on the
basis of a range of polymers. Among which, polyvinylchloride polymers are
expected to represent highest revenue share in the global construction polymer
market. In 2017, nearly US$ 28 Mn worth of PVC polymers were sold across the
global construction polymer market.
study reveals that flexibility of PVC polymers, coupled with their competent
advantages with respect to flame resistance, frictional co-efficiency, safety
and design versatility, will continue to drive their demand in the near future
of the global construction polymer market. The demand for polyethylene polymers
is also slated to gain traction towards the latter half of the forecast period,
while polycarbonate polymers are forecasted to register highest revenue CAGR
Commercial and Housing Real Estate to
Record Highest End-Use
high profit margins, commercial real estate sector and housing (residential)
real estate sector will remain lucrative for manufacturers of construction
polymers. Collectively, the end-use of construction polymer in these two
sectors will account for more than 65% of the global market revenues throughout
the forecast period.
report further projects that facility infrastructure sector and utility infrastructure
sector will register fastest end-use of construction polymer in the global
market. Increasing investments of governments as well as private sector players
in the facility and utility infrastructure sectors will factor this surging
revenue growth throughout the forecast period.
Through 2026, Construction Polymers
will be Predominantly Use in Walls Applications
the basis of applications, the study has forecasted that construction polymers
will be widely used in building high-tech walls. Compatibility of construction
polymers with advanced engineering techniques has driven their use in
construction of walls. By 2026, nearly US$ 50 Mn worth of construction polymers
will be used in wall applications across the globe. Insulation and sliding applications,
on the other hand, will register fastest revenue growth at a CAGR of 7.8%
during the forecast period.
respect to the type of construction activity, construction polymers are less
likely to be used for renovation as they are required to be integrated with the
core construction materials for high performance. By 2026, more than
three-fifth of revenues procured in the global construction polymers market
will be accounted by new construction activities.
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Construction Polymer Market:
report has profiled leading manufacturers of construction polymers, which
include HB Fuller, Huntsman Corporation, Momentive Performance Materials Inc.,
Solvay, Evonik Industries AG, DuPont, Arkema, Croda, SCG Chemicals, Sika AG,
Henkel, PolyOne, 3M Company, Formosa Plastics, and BASF.
majority of these companies will continue to direct their research &
development works towards providing innovative solutions for the construction
industry. Industry leaders from the chemicals & materials sectors are
actively partaking in the expansion of the global construction polymer market.
These companies will be committed towards testing new products &
technologies and creating advanced polymerized materials for the changing
dynamics of building & construction sector.