The global polymer concrete market is worth US$ 465 Million as of now and is slated to reach US$ 979.2 Million by the year 2032 at a CAGR of 7.7% between 2022 and 2032. Polymer concrete comes across as a composite material using thermoplastic polymers with an epoxy binder for hardening materials in the construction vertical.
The vital ingredients include gravel, water, and sand, which render it conducive to repairing any of the concrete structures. Polymer concrete overpowers its counterparts concerning impact strength. The prime end-users comprise industrial, municipal & residential, and commercial sectors.
An ever-increasing demand for polymer concrete in pump bases, chemical containments, waste containers, trench drains, and industrial flooring blocks is expected to take the polymer concrete market by storm going forward. This could be attributed to its ability to form complex shapes and fast-curing properties.
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Polymer concrete finds its usage in aplomb in various drainage applications. It makes way for precise finishing and precision molding, which, in turn, promulgates appropriate hydraulic flow. This ascertains an exceptional rate of discharge of water from the pipe. These advantages are expected to drive demand for polymer concrete across a multitude of applications.
At the same time, the fact that polymer concrete is costlier than its counterparts cannot be ignored. Special kinds of plastics are being used as an alternative to polymer concrete. Also, there is a visible lack of awareness regarding the benefits (like less dissipation of energy) of polymer concrete, especially in developing economies.
These factors would certainly restrain the polymer concrete market in the forecast period. Future Market Insights has entailed these findings with future perspectives in its latest market study entitled ‘Polymer Concrete Market’.
Key Takeaways from Polymer Concrete Market
- North America holds the largest market share due to the US being subject to the expansion of the construction vertical. Research states that this sector alone has a headcount of 7 Mn employees. Novel bridges are being constructed in Beaver, Clinton, and Clearfield.
- Europe stands second on this count and the scenario is expected to remain unchanged even going forward.
- The Asia-Pacific is expected to grow at the fastest rate in the polymer concrete market due to the construction sector witnessing a boom.
“With construction sector in its full fervor, the global polymer concrete market is bound to witness grandeur in the upcoming period”, says an analyst from Future Market Insights.
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Competitive Landscape
- WACKER’s, in January 2022, unveiled Moscow Laboratory about cement and concrete additives. This laboratory is a part of WACKER’s new-fangled Innovation Hub for cement and concrete. Its major objective is that of rendering protection to cement and concrete from moisture – during storage as well as post-application.
- Kwik Bond polyester concrete overlays do provide a 3-decade-old solution, with unparalleled preservation and a 2-hour traffic return in various conditions.
- Forte Composites manufactures pre-cast polymer concrete and also partners with its clientele for evaluating products made out of wood, fiberglass, or metal and identifying product improvements via the usage of polymer concrete.
- Dudick Inc. provides trowel-applied, 3-component polymer concrete, which has been designed for diluting acids, solvents, alkalis, and various other corrosive chemicals.
- Braskem, in October 2019, introduced a recycled polypropylene product comprising one-time usable polypropylene string. After being processed and tested, the string does give out pellets of homopolymer polypropylene (sustainability-oriented) that could be used in the industrial sector.
Polymer Concrete Market Outlook by Category
By Material Type:
- Polyester
- Vinyl Ester
- Epoxy Based
- Others
By Binding Agent:
- Natural Resin
- Synthetic Resin
By Application:
- Solid Surface Countertops
- Outdoor Seats & Benches
- Waste Containers
- Pump Bases
- Flooring Blocks
- Chemical Containments
- Trench Drains
- Others
By End Use:
- Industrial
- Residential & Municipal
- Commercial
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What Does the Report Cover?
- Future Market Insights offers an exclusive perspective and various real-time insights on the polymer concrete market in its latest study, presenting historical demand assessments for 2016 – 2021 and projections for 2022 – 2032.
- The research study is based on material type (polyester, vinyl ester, epoxy-based, and others), a binding agent (natural resin and synthetic resin), by application (solid surface countertops, outdoor seats & benches, waste containers, pump bases, flooring blocks, chemical containments, trench drains, and others), and by end-use (industrial (energy & utilities, pulp & paper, chemicals, metallurgy, food processing, automotive, and other industrial), residential & municipal (buildings, roadways, pipes & tunnel liners, bridges, and others), and commercial (service stations, retail spaces, and other commercial establishments).
Explore FMI’s Extensive ongoing Coverage in the Chemicals & Materials Domain
Polymer Emulsion Market: According to the latest market survey conducted by Future Market Insights, the global Polymer Emulsion market is relishing a market valuation of US$ 23,867.2 Mn in 2022, and all are set to expand with a CAGR of 6.1% during 2022 – 2032 period.
Construction Polymer Market: The global construction polymer market will garner a market valuation of US$ 229,076 Mn in 2022 and is predicted to expand at a CAGR of 6.8% and reach a net worth of US$ 298,384 Mn by the end of 2026.
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