increasing need for polymer concrete due to rising emphasis on sustainable construction methods, is expected to drive market revenue growth.
The Global Polymer Concrete Market The global Polymer Concrete market size was USD 470 Million in 2022 and is expected to reach USD 939.53 Million in 2032, and register a rapid revenue CAGR of 8% during the forecast period. Development of infrastructure in emerging nations, rising demand for strong and Lightweight Materials, and increasing acceptance of polymer concrete in the construction sector are major factors driving market revenue growth.
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Top Lading Players: Fosroc, BASF, Wacker Chemie, Bouygues Construction, MAPEI, Sika, ACO Group, Forte Composites Inc, ErgonArmor and Sauereisen, Inc.
Polymer Concrete Market Demand:
The polymer concrete market is experiencing a growing demand due to its superior properties compared to traditional concrete. Polymer concrete is a composite material made from polymer resin, aggregates, and additives that enhances its strength, durability, and resistance to chemicals, corrosion, and abrasion. It is used in various applications such as industrial flooring, building and bridge construction, water management, and aerospace and defense. The increasing demand for infrastructure development, renovation, and repair in emerging economies is driving the growth of the polymer concrete market. The use of polymer concrete in industrial flooring is increasing due to its durability, resistance to heavy traffic and chemicals, and ease of maintenance. In addition, the need for water management systems is boosting the demand for polymer concrete pipes, tanks, and drainage systems that offer corrosion resistance and longer service life. The aerospace and defense sector is also using polymer concrete for radar-absorbing structures, missile launch pads, and aircraft components due to its high strength-to-weight ratio and resistance to extreme weather and vibrations. North America currently dominates the polymer concrete market due to its extensive infrastructure development and the presence of major players in the region. However, the Asia Pacific region is expected to show significant growth due to increasing construction activities and the development of smart cities in the region. Overall, the polymer concrete market is expected to continue its growth trend in the coming years due to its superior properties and increasing demand in various industries.
Some Key Highlights from the Report:
- The polymer concrete market held a market share of USD 456.4 Million in the year 2018. The market is expected to grow at a rate of 6.9% during the forecast period.
- In regards to Type, the Epoxy segment generated the highest revenue of USD 146.1 Million in 2018 with the highest CAGR of 7.7% during the forecast period. Traits of this type of polymer concrete-like high resistivity to chemicals, creep resistance, and excellent adhesion are essential factors for its high demand in the construction sector that contributes to the revenue generated by this segment.
- In context to class, the market has been segmented into Polymer Resin Concrete (PC), Polymer Impregnated Concrete (PIC), and Polymer Modified Concrete (PMC). The PMC segment generated the highest revenue of USD 241.9 Million in 2018 with a growth rate of 6.3% during the forecast period. The fact that this class of polymer concrete is required in a limited amount when used in construction purpose and its process technology is similar to conventional cement results in its high demand and associated revenue generated by it.
- In regards to Binding Agent, the market has been bifurcated into Natural agents and Synthetic agents. The Natural Agents segment is projected to witness the higher growth rate of 2.6% during the forecast period, which occupied 19.0% of the market in 2018. The growth rate of this segment is attributed to the rise in awareness about eco-friendly concrete and elevated investments in the construction of green buildings that have increased the demand for this type of binding agent.
- In context to Raw materials, the market has been segmented into Silica, Thermoset Resin, Lime Stone, and Quartz. Among these segments, Thermoset Resin segment occupied the largest market share of 65.0% in 2018 with a CAGR of 7.3% during the forecast period. The extensive application of thermoset resin in the manufacturing of polymer concrete and its applicability as the principal component contributes to the market share of this segment.
- In context to End-users, the Infrastructures segment held the largest market share of 70.0% in 2018 with a CAGR of 7.5% during the forecast period. The rise in government investments on infrastructural projects results in high deployment of polymer concrete in this segment, contributing to its market share.
Segments covered in the report:
Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
- Epoxy
- Polyester
- Vinyl
- Acrylate
- Furan
- Latex
- Others
Class type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
- Polymer Resin Concrete (PC)
- Polymer Modified Concrete (PMC)
- Polymer Impregnated Concrete (PIC)
Binding Agent type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
- Synthetic agents
- Natural agents
Raw Materials type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
- Thermoset Resin
- Lime Stone
- Silica
- Quartz
End-user Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
- Residential Structures
- Infrastructures
- Non-Residential Structures
Application Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
- Waste Containers
- Containments
- Flooring Blocks
- Pump Bases
- Trench Drains
- Others
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Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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