A new report by Future Market Insights (FMI) reveals that by the end of 2026, over $135m (~€118m) worth of construction polymers will be sold globally.
With increasing feasibility in raw material procurement and supply chain of polymer materials, more companies are expected to partake in the construction polymer businesses.
Surging use of polymer composites materials has been instrumented by the technical, structural, architectural, and designing advantages of construction polymers over conventional construction materials.
Future Market Insights 2017
the global construction polymer market is poised to expand vigorously at a CAGR of 6.5%.
The global construction polymer market is poised to expand vigorously at a CAGR of 6.5%.
The FMI study assessed the future of the global construction polymer market for the period 2017-2026, during which period the global construction polymer market is poised to expand vigorously at a CAGR of 6.5%. Advanced polymer materials are becoming attuned to the developments in construction techniques and civil engineering technologies. Special properties of these materials are bringing more advantages for building sector players in terms of extending the life of constructed structures and using advanced engineering for innovative architectures.
Demand for PVC polymers to remain high
A key insight from the report reveals that the exceptional properties of polyvinylchloride (PVC) polymers have extended their demand in the construction industry. From providing the perfect balance of strength and flexibility to their competency in terms of frictional efficiency, safety, fire resistance, waterproofing, and design versatility, PVC polymers have become a sought-after construction polymer in the global market.
By the end of 2026, nearly $50m worth of PVC polymers are expected to be sold in the global construction polymer market. The report has further analysed the global construction polymer market on the basis of type of construction activity, wherein more than three-fifths of construction polymers being sold in the global market will be used to new construction as opposed to renovation.
via shutterstock
PVC) polymers have extended their demand in the construction industry.
PVC polymers have extended their demand in the construction industry.
Global construction polymer manufacturing to remain concentred in the APEJ Region
A regional analysis on the global construction polymer market forecast has been provided in the report, which reveals the Asia-Pacific excluding Japan (APEJ) region as the largest market for construction polymers. By 2026, the APEJ construction polymer market is expected to be worth over $64m.
The study has profiled the leading manufacturers of construction polymers, which include:
- HB Fuller,
- Momentive Performance Materials Inc.,
- Huntsman Corporation,
- Evonik Industries AG,
- Solvay,
- Arkema,
- DuPont,
- CG Chemicals,
- Croda,
- Henkel,
- Sika AG,
- 3M Company,
- PolyOne,
- BASF, and
- Formosa Plastics.
A majority of the key players in the global construction polymer market are expected to be based in the APEJ countries such as China, India and South Korea. Feasible industrial regulations and booming construction industry are expected to factor the dominance of the APEJ region in terms of global construction polymer production through 2026.
Housing real estate sector remains largest end-user
It is estimated that nearly $30m worth of construction polymers were sold in the global housing real estate sector in 2017. The demand for construction polymers is expected to remain high in commercial as well as housing (residential) real estate sectors. Collectively, these end-use sectors are expected to account for around a two-thirds share of global revenues towards the end of the forecast period.
The report further projects that a majority of construction polymers used in the industry will be applied for building walls. The application of construction polymer will thereby gain traction pertaining to the growing importance of creating strong walls for high-rise buildings.
By 2026 construction polymers worth nearly $50m will be used for wall applications in the global market. The report also reveals that insulation and sliding applications of construction polymer will register fastest revenue growth at an estimated CAGR of 7.8% during the forecast period.
