The polymer concrete market is expected to reach a size of about US$ 465.0 million in 2022 and grow at a strong CAGR of 7.7% from 2022 to 2032. By 2032, the market is anticipated to reach US$ 979.2 million. Due to its widespread use in the commercial, residential, municipal, and industrial sectors, polymer concrete is expected to be in high demand.
Polymer concrete is a composite substance that hardens elements in the construction sector by combining thermoplastic polymers with an epoxy binder. Gravel, water, and sand are essential components that make it possible to rebuild any concrete construction. In terms of impact strength, polymer concrete outperforms its competitors. Industrial, municipal & residential, and commercial sectors are the primary end-users.
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Polymer concrete demand in pump bases, chemical containments, waste containers, trench drains, and industrial flooring blocks is likely to drive the polymer concrete market forward. This could be ascribed to its capacity to form complicated shapes as well as its quick curing qualities.
Polymer concrete is used extensively in a variety of drainage applications. It paves the way for fine finishing and precision molding, which promotes proper hydraulic flow. This ensures a high rate of water release from the pipe. These benefits are projected to stimulate demand for polymer concrete in a variety of applications.
At the same time, the fact that polymer concrete is more expensive than its alternatives cannot be overlooked. As an alternative to polymer concrete, special types of plastics are being used. Furthermore, there is a clear lack of awareness about the benefits (such as lower energy dissipation) of polymer concrete, particularly in emerging nations. These constraints would almost probably limit the polymer concrete market throughout the forecast period. Future industry Insights’ latest industry analysis, titled ‘Polymer Concrete Market,’ incorporates these findings as well as future projections.
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 Segmentation
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
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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