Ionomer resin is being increasingly adopted for designing varied glass structures owing to its tougher and stiffer interlayer in comparison with polyvinyl butyral (PVB). Hence, players operating in the ionomer resins market for construction industry are focusing on the expansion of their production capabilities in ionomer resins.
The Asia pacific ionomer resins market for construction industry is projected to gain a valuation of US$ 11,528.9 Th by 2031, according to a study by Transparency Market Research (TMR). In addition, the TMR assessment highlights that the market is prognosticated to register growth at a CAGR of 5.5% during the forecast period of 2021 to 2031.
Some of the key applications of ionomer resins include lamination, wood plastic composite (WPC), building-integrated photovoltaics (BIPV), glass interlayers, and ceramic binders. Owing to this wide range of product application, the ionomer resins market for construction industry is prognosticated to attract sizable business prospects in the years ahead.
Government authorities of many developing nations are focusing on their infrastructure development. Hence, there has been a rise in the number of construction activities across these nations globally. This factor is estimated to generate profitable opportunities in the ionomer resins market for construction industry in the years ahead.
Players in Ionomer Resins Market for Construction Industry Execute Collaboration Activities to Boost Their Research Projects
Companies operating in the ionomer resins market for construction industry are entering into collaboration agreements with other players in order to boost their R&D efforts that target to develop superior quality products. Furthermore, several enterprises in the ionomer resins market for construction industry are focusing on providing products at competitive prices.
Some of the key companies operating in the ionomer resins market for construction industry include SK Geo Centric, DuPont de Nemours Inc., Exxon Mobil Corporation, Honeywell International Inc., LyondellBasell Industries Holdings B.V., Solvay SA, Brenntag SE, and 3M Company.