Bio-Based Construction Polymers To 2020 By Grand View Research, Inc

Growing importance for bio-based products is expected to be a key driving factor for global bio-based construction polymers market over the forecast period. Uncertain petrochemical prices and growing demand for environmental friendly infrastructure is expected to have a positive impact on bio-based construction polymers market. Construction polymers are used in concrete moulds, bridge bearings, floorings, claddings and concrete joints. Bio-based construction polymers are expected to replace conventional polymers in such applications on account of green house gas emissions associated with the latter. Increasing government support for the development of bio-based polymers is expected to further augment the market growth. Legislative policies such as BioPreffered and Lead Market Initiative by the U.S. and EU governments respectively are expected to favorably impact the market. High production costs and limited supply in the market are expected to pose challenges to the market over the forecast period. Companies operating in the market are actively involved in R&D to improve production technologies in order to cut down on production costs.

The report “Bio Based Construction Polymers Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2014 To 2020” is available now to Grand View Research customers and can also be purchased directly athttp://www.grandviewresearch.com/industry-analysis/bio-based-construction-polymers-market 

Asia Pacific is expected to witness significant growth over the forecast period owing to increasing construction spending in emerging markets of China and India. Favorable regulatory policies in these markets to promote manufacturing are expected to further complement the Asia Pacific market growth. North America and Europe are expected to witness considerable growth over the forecast period. Growth in these regions is expected to be primarily driven by increased government spending to improve public infrastructure.

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