The global Polymer Concrete Market has experienced substantial growth in recent years, driven by increasing construction activities, infrastructure development, and the growing need for high-performance materials across various sectors. The market is anticipated to witness a steady compound annual growth rate (CAGR) in the forecast period, driven by advancements in material technology, rising demand for repair and rehabilitation of aging infrastructure, and the increasing focus on sustainable and eco-friendly construction practices.
The polymer concrete market is witnessing growth in various regions, with Asia-Pacific leading the way due to rapid urbanization, infrastructure development, and a significant emphasis on sustainable construction practices. North America and Europe are also prominent markets, driven by infrastructure renovation and repair activities, as well as stringent environmental regulations.
The global Polymer Concrete Market is worth US$ 465 Million as of now and slated to reach US$ 979.2 Million by the year 2032 at a CAGR of 7.7% between 2022 and 2032.
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Polymer concrete comes across as a composite material using thermoplastic polymers with epoxy binder for hardening materials in construction vertical. The vital ingredients include gravel, water, and sand, which render it conducive to repair any of the concrete structures. Polymer concrete overpowers its counterparts with respect to 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 of forming complex shapes, fast curing properties.
Polymer concrete finds its usage in an aplomb in various drainage applications. It makes way for precise finishing and precision molding, which, in turn, promulgates appropriate hydraulic flow. This ascertains exceptional rate of discharge of water from pipe. These advantages are actually 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 benefits (like less dissipation of energy) of polymer concrete, especially in the 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 expansion of construction vertical. Research states that this sector alone has a headcount of 7 Mn employees. Novel bridges are being constructed in Beaver, Clinton, 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 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 pertaining to 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 usage of polymer concrete.
- Dudick Inc. provides trowel applied, 3-component polymer concrete, which has been designed for diluting acids, solvents, alkali, 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, string does give out pellets of homopolymer polypropylene (sustainability-oriented) that could be used in industrial sector.
Key Companies Profiled
- BASF SE
- Sika AG
- Wacker Chemie AG
- Dudick Inc.
- ACO Group
- Kwik Bond Polymers LLC
- Sauereisen Inc
- Hubbell Power Systems Inc
- Forte Composites, Inc.
- Ulma – Architectural Solutions
- Sandmix Sp. z o.o. S.K.
- Mapei
- Fosroc
- Dow Chemical
- Fineway Inc
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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
- Energy & Utilities
- Pulp & Paper
- Chemicals
- Metallurgy
- Food Processing
- Automotive
- Other Industrial
- Residential & Municipal
- Buildings
- Roadways
- Pipes & Tunnel Liners
- Bridges
- Others
- Commercial
- Service Stations
- Retail Spaces
- Other Commercial Establishments
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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