Asia Pacific Ionomer Resins Market for Construction Industry: Introduction

Transparency Market Research delivers key insights on the ionomer resins market for construction industry in Asia Pacific. In terms of revenue, the ionomer resins market for construction industry in Asia Pacific is estimated to expand at a CAGR of 5.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the ionomer resins market for construction industry in Asia Pacific.

The ionomer resins market for construction industry in Asia Pacific is broadly affected by several factors, including usage of ionomer resins in various applications such as Wood Plastic Composite (WPC), lamination, glass interlayers, Building-integrated Photovoltaics (BIPV), and ceramic binders. Rise in demand for packaging in cosmetics and construction industries in Asia Pacific has led to the significant growth in usage of ionomer resins as a solvent.

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The growth in production and demand for WPC is also estimated to be the primary driver of the ionomer resins market for construction industry in Asia Pacific. Increase in application of ionomer resins in lamination and WPC, led by the rise in consumption of ionomer resins in the building & construction industry, and projected to augment the ionomer resins market for construction industry in Asia Pacific in the near future.

Asia Pacific Ionomer Resins Market for Construction Industry: Key Players

The ionomer resins market for construction industry in Asia Pacific is consolidated with the presence of key players. Prominent players operating in the Ionomer Resins Market for Construction Industry in Asia Pacific include DuPont de Nemours Inc., SK Geo Centric, Honeywell International Inc., Exxon Mobil Corporation, Solvay SA, LyondellBasell Industries Holdings B.V., 3M Company, and Brenntag SE.

Asia Pacific Ionomer Resins Market for Construction Industry: Prominent Countries

China dominates the ionomer resins market for construction industry in Asia Pacific. The market in the country is anticipated to expand at a CAGR of more than 4.5% during the forecast period. Increase in demand for WPC, lamination, glass interlayers, and Building-integrated Photovoltaics (BIPV) is driving the ionomer resins market for construction industry in Asia Pacific. Japan and South Korea are key countries of the ionomer resins market for construction industry in Asia Pacific. These countries are estimated to maintain their prominence in the region during the forecast period.

Rest of Asia Pacific also held vital share of the market in Asia Pacific in 2020. The presence of large numbers of ionomer end-users is driving the demand for ionomer resins in Rest of Asia Pacific.

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Asia Pacific Ionomer Resins Market for Construction Industry: Segmentation

Asia Pacific Ionomer Resins Market for Construction Industry, by Resin

Asia Pacific Ionomer Resins Market for Construction Industry, by Application

Structural Glass Applications Fuel Demand for Ionomer Resins

Ionomer resin is being publicized as a stiffer and tougher interlayer as compared to polyvinyl butyral (PVB). Manufacturers in the Asia Pacific ionomer resins market for construction industry are boosting their production capabilities since ionomer resins bons well with some metals and can be used to design bespoke glass structures.

This explains why the Asia Pacific ionomer resins market for construction industry is predicted to surpass US$ 11,528.9 Th by 2031. Structural glass applications such as large unsupported sections of feature glass, glass stairs, and glass floors are fueling the demand for ionomer resins. Interlayers made with ionomer resins are processed using an autoclave.

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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

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