The size of the worldwide polymer concrete market is expected to reach approximately US$ 465.0 million in 2022 and is expected to grow at a robust compound annual growth rate (CAGR) of 7.7% from 2022 to 2032. By 2032, the market is probably going to reach US$ 979.2 million. The market is expected to be driven by demand for polymer concrete due to its widespread use in the commercial, residential, municipal, and industrial sectors.
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.
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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 the 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.
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.
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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 a historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
- The research study is based on material type (polyester, vinyl ester, epoxy-based, and others), by 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).
About Future Market Insights (FMI)
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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