Bio-Based Construction Polymers Market Is Expanding Rapidly With Praj Industries Ltd And Lygos Inc. Co-Developing Advanced Lactic Acid Yeast Technology For Bio-Based Materials

 The materials used in construction are usually composed of different bio-based polymers. Bio-based construction polymers are considered as substitutes for petroleum-based construction materials since these polymers do not contain petroleum and other petroleum byproducts. These are created from plant extracts or animal proteins that have been extracted from plants, animals, or humans. These materials can be formed into many types including adhesives, paints, adhesives, resins, and fiberglass. Materials derived from living organisms are considered biodegradable. Furthermore, bio-based construction materials have a lesser impact on the environment than conventional building materials. This is due to the fact that bio-based construction materials do not produce any waste during their formation process.

Rapid increase in construction activities and infrastructural growth is expected to drive growth of the global bio-based construction polymers market. The construction sector in both developed and emerging economies have witnessed massive growth over the years. According to the India Brand Equity Foundation (IBEF), India is expected to become the world’s third-largest construction market by 2022. According to the same source, India plans to spend around US$ 1.4 trillion on infrastructure projects through the National Infrastructure Pipeline (NIP) from 2019 to 2023. Bio-based construction polymers are widely used in window, cement, flooring, guttering, pipes, glazing, and sealants. Thus, these factors are expected to drive growth of the global bio-based construction polymers market. Furthermore, rising use concerns regarding the use of petrochemical products combined with growing adoption of renewable products are expected to propel the global bio-based construction polymers market growth in the near future.

High production costs and inadequately developed global supply chains are expected to hamper the global bio-based construction polymers market growth in the near future. Among regions, Asia Pacific is expected to witness significant growth in the global bio-based construction polymers market. This is owing to increasing infrastructure activities coupled with favorable regulatory policies for bio-based products across the region. Furthermore, Middle East & Africa is expected to exhibit a lucrative growth rate, owing to favorable policies boosting the construction and infrastructure industry in the region.

Key players operating in the global bio-based construction polymers market are SK Chemicals, Kaneka TEPHA, BASF SE, Hiusan Biosciences, Evonik Industries, DuPont de Nemours, Mitsubishi Gas Chemical, Teijin Plastics, Nature Works LLC, and Toyobo.

For instance, in June 2020, Praj Industries Ltd. entered into a Memorandum of Understanding (MOU) with Lygos Inc. to co-develop advanced lactic acid yeast technology for bio-based materials.

Comments

Post a Comment

Popular posts from this blog

Bourbon Whiskey Is the Most Popular Whiskey in America and In Many Other Countries around the World

Image
  Whiskey or single malt whiskey is simply a form of distilled beverage made by distilling alcohol from grain mash or even by blending both. Different grains are utilized for different types, such as corn, barley, rye, and wheat. In Scotland, they call their whiskey black tea, a lighter caramel scotch, Irish cream, and liqueur. Whichever form is utilized, the result is usually a flavorful and smooth drink that has a distinct taste, and many people prefer a whiskey with a lower alcohol content. For example, single malt whiskey is the least expensive. The highest price however is the least distilled; that is Bourbon whiskey. Bourbon whiskey is the most popular whiskey in America and in many other countries around the world. Its price range is very wide, starting from as low as about US$ 12 a bottle to over a hundred dollars. So the price definitely varies. Whichever class you belong to, there is always a whiskey that will suit your preference. Single malt scotch whiskey is made ...
Read more

Viral Vectors And Plasmid DNA Manufacturing Market Is Gaining Major Traction With Oxford Biomedica Plc Entering Into A 3-Year Agreement With Boehringer Ingelheim For The Manufacture And Supply Of Various Types Of Viral Vectors

Image
  Viral Vectors are proteins that have been discovered to be essential for the spread of various viruses and infectious agents. These proteins can cause serious health risks if they are improperly introduced or if a wrong agent is used to fight them off. Viral vectors have often been used in various gene therapy procedures with the ultimate objective of curing various ailments in the biological fields of neurology, gene therapy, cancer, and metabolic disorder. Clinical studies regarding viral vectors remain one of the key factors in the manufacturing of viral vectors. Plasmids are used to deliver DNA contain genes for antibiotic resistance. In fact, scientists have developed many uses of plasmids and created software to record the DNA sequences of plasmids for applications in various techniques. Thus, such continuous R&D activities can potentially stimulate growth of the viral vectors and plasmid DNA manufacturing market . Recently, in April 2021, Oxford Biomedica plc entered...
Read more

Hard Surface Flooring Market Is Expected To Witness Robust Growth As Mohawk Industries Introduces Newly Imagined 30,000-Square Foot Floor Space At The International Surface Event (TISE)

Image
  There are many reasons why people choose hard surface floors over other types of flooring. Hard surfaces offer a level of durability and are very aesthetically pleasing. Unfortunately, choosing this type of flooring can be confusing and costly. There are four main hard surface varieties namely vinyl plank, laminate, solid hardwood, and engineered wood. Each has their own style strengths and provide different advantages. Increasing population coupled with rapid urbanization is expected to drive growth of the global hard surface flooring market . According to the United Nations (UN), by 2050, around 68% of the global population is expected to live in urban areas, increasing from 55% in 2018. According to the same source, in 2018, around 4.2 billion people were living in urban areas, increasing from 751 million in 1950. Furthermore, according to the World Bank, in 2019, the global population reached 7.674 billion, increasing from 6.84 billion in 2009. As a result of this, building...
Read more