The global polymeric sand market is expected to experience steady growth, with an average annual increase of 7.0% between 2022 and 2028. By 2028, it is anticipated to surpass a total value of US$ 165.36 billion.
In recent years, the construction industry has experienced a noticeable resurgence. This growth can be attributed to companies that produce construction materials increasingly using a technology called Business Information Modeling (BIM). They’re doing this to reach more customers and boost their sales.
Meanwhile, important companies in the polymeric sand market have been actively exploring opportunities in online retail. Polymeric sand manufacturers are trying to become more visible on online platforms like Amazon. This aligns with the trend of customers looking for reliable suppliers who have user-friendly online stores.
Polymeric sand is a popular choice among paving professionals and architects because it creates strong, durable joints between pavers. It prevents erosion and weed growth, making it a reliable option for outdoor spaces.
In 2022, North America led the way in the polymeric sand market, with over 39% of the market share. This growth is fueled by a booming construction industry and the increasing preference for polymeric sand as a superior alternative.
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Spending in the construction industry spurred in tandem with increasing GHDI of consumers worldwide, which has created potential opportunities for the market players to benefit from. This has further led the leading polymeric sand market players to concentrate on the assessment of building trends that result from consumer sentiments in regional markets with growth potential. These players are entering into tie-ups with government entities and building contractors as a long-term sales growth strategy.
Providing customer requirement-specific products at competitive prices, considering the economic tier and purchasing power of the customer base, continues to remain one of the primary objectives of the players in the polymeric sand market. Additionally, efforts of the players toward product and brand endorsements for creating awareness of the benefits of polymeric sand among the targeted customers continue to significantly underpin the market growth.
Demand Remains Robust for Footpath Construction, Sales in Patios to Gain Fast Traction
Footpath construction has traditionally been the most lucrative application of polymeric sand, however, sales in forming patios have gained significant momentum in recent years.
As the focus of homeowners on expanding their residential areas into outdoors that feature covered patios, media centres, and kitchens, demand for polymeric sand to build patios continues on an upward spiral. According to the report, nearly 50% of houses have patios in the US alone. Additionally, several homeowners prefer larger patios over basic plan outlines, and those facing budget stringency eye plumbing & wiring activities for outdoor kitchens and other amenities.
Residential Sector to Hold Majority Share in Polymeric Sand Market
The resurgent growth of the housing industry and renovation activities by homeowners in the recent past alludes to the growing demand for various construction materials and consumables, which has been indirectly influencing the demand for polymeric sand. The advent of polymeric sand has offset the challenges associated with washout owing to the lack of binders in the sand while preventing the growth of weeds, ant hills, and grass as a consequence.
According to the study, gains will also remain strong from the commercial sector, wherein sales are partly driven by large-scale infrastructure development projects worldwide, particularly in developing economies of the Asia-Pacific. Another key factor influencing sales of polymeric sand in the commercial sector is the increased focus of governments on strengthening their energy infrastructure and investing in the development of transit facilities.
“Polymeric Sand is a vital landscaping and construction material, offering structural stability, weed control, and erosion prevention. Its demand is on the rise, aligning with the growing emphasis on attractive and sustainable outdoor spaces.” – Research Lead at Future Market Insights.
Leading Players in the Polymeric Sand Market:
- Techniseal
- Sable Marco
- Vimark s.r.l.
- Semcostone
- Sakrete
- SRW Products
- Alliance Designer Products Inc.
- SEK-Surebond
- Unilock and Ashgrove Polymeric sand
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Polymeric Sand Market Segmentation:
By Product Type:
- Polymeric Sand
- Polymeric Dust
By Colour:
- Beige
- Gray
- Black & Others
By Application:
- Footpaths
- Patios
- Pool Decks
- Parking Spaces
- Pavements & Auxiliary Spaces
By End Use:
- Residential
- Commercial
- Infrastructural
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
Author By:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
Have a Look at the Related Reports of the Chemicals & Materials Domain:
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Polymeric Adsorbents Market Size– Recent progress in adsorbent and ion exchange resin technology has allowed for the creation of materials with larger, more efficient pore structures. These synthetic polymeric adsorbents can selectively capture and release a wide variety of substances. They are made by developing specialized synthetic methods to achieve high pore volume and surface area.
Polymeric Membrane Market Trend– The global Polymeric Membrane market is expected to grow steadily at an annual rate of 4.4%, reaching a market value of approximately US$ 11.2 billion by the year 2033.
Originally Published by: https://www.chronicles24.com/index.php/2023/09/07/polymeric-sand-market-surging-at-a-7-0-cagr-anticipated-to-reach-over-us-165-36-billion-by-2028-future-market-insights-inc/
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