Materials made from renewable resources are known as bio-based polymers. Due to the increased demand for non-fossil fuel based polymers, they are highly desired in building applications. Previously, agriculture feedstocks such as potatoes, corn, and other carbohydrate feedstocks were used to make bio-based polymers. However, advances in biotechnology have enabled the synthesis of bio-based polymers from renewable resources such as starch, cellulose, fatty acids, and organic waste via the bacterial fermentation process.
The use of bio-based polymers has increased as environmental concerns have grown around the world, as they help to reduce reliance on fossil fuels. As a result, carbon dioxide emissions are reduced. The usage of bio-based polymers in construction has accelerated due to an increase in R&D activities for the creation of environmentally friendly goods. Furthermore, the market has been bolstered in recent years by the installation of favourable government policies and initiatives in several countries to encourage the use of bio-based polymers. Bio-based polymers aren't fully equipped to benefit from economies of scale. As a result, high production costs are expected to stifle market expansion over the projection period.
The market for bio-based construction polymers can be divided into three categories: type, application, and geography. Epoxies, cellulose acetate, polyurethanes (PUR), polyethylene terephthalate (PET), polyethylene (PE), and other bio-based construction polymers include epoxies, cellulose acetate, polyurethanes (PUR), polyethylene terephthalate (PET), polyethylene (PE), and others. Polylactic acid (PLA), polyamides (PA), polytrimethylene terephthalate (PTT), polybutylene succinate (PBS), and starch blends are included in the others group. Due to its wide range of applications, such as wood and concrete repair, adhesives, and paints and coatings, the epoxies segment is expected to account for the majority of the bio-based construction polymers market during the forecast period. During the projection period, the polyurethane segment is expected to be driven by the importance of insulation in the construction industry.
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