The global polymer concrete market is expected to be worth roughly US$ 465.0 Mn in 2022, with a robust CAGR of 7.7% from 2022 to 2032. By 2032, the market is expected to be worth $979.2 million USD. Polymer concrete is expected to drive the market due to its widespread use in the industrial, residential, municipal, and commercial sectors.
Furthermore, according to FMI, the polymer concrete market is expected to expand over the assessment period and grow at a CAGR of 7.7% from 2022 to 2032. The increasing replacement of polymer concrete with polypropylene copolymer (PPC) for the manufacture of particular parts in the vehicle industry may stymie the market in the coming decade. Rising demand for packaged goods as the e-commerce sector expands is another critical element that will boost the global market over the next ten years.
Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-3659
As compared to conventional concrete products, polymer concrete products have been observed to display a superior compressive strength as well as impact strength. Moreover, polymer concrete is capable of enduring high-frequency vibrations and can be used for constructing complex shapes. Therefore, use of the polymer concrete in industrial infrastructures such as waste containers, pump bases, industrial flooring blocks, chemical containments and trench drains has grown significantly over the past couple of years. Recently, Future Market Insights (FMI) conducted a study on the global market for polymer concrete and found that production of polymer concrete is likely to grow from 143,620 Tons in 2015 to 328, 0159.9 Tons by the end of 2027.
Additional Insights from the Report Include:
- Regions such as Europe and North America are already witnessing a widespread adoption of polymer concrete material in the construction application.
- Owing to the low-cost benefit over other resins, polyester continues to be the preferred choice for manufacturing polymer concrete products. By 2017-end, polyester polymer concrete is expected to account for more than 25% market share.
- On the basis of binding agents, synthetic resins hold a major share of the market. Synthetic resins are estimated to account for around 62.4% share of the market by 2017-end. At the same time, demand for natural resin is expected to remain sluggish throughout the forecast period.
- Polymer concrete finds widespread application in building chemical containments and pump bases. Collectively, these two segments account for more than 30% value share of the market.
- In 2017 and beyond, the global polymer concrete market is expected to be massively influenced by further product innovation and new product development.
Competitive Landscape
- 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
Request for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-3659
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
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified 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.
Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com