Global polymer concrete market is expected to reach $2,964.0 million by 2023, P&S Market Research,
The growth of the polymer concrete market is mainly driven by the growing investment in civil construction projects, and increase in repair and maintenance activities across the globe.
Browse report overview with 136 tables and 48 figures spread through 152 pages and detailed TOC on "Polymer Concrete Market by Type (Epoxy, Polyester, Vinyl Ester), by Class (Polymer Modified Concrete, Polymer Resin Concrete, Polymer Impregnated Concrete), by Application (Containments & Waste Containers, Pump Bases, Flooring Blocks, Trench Drains), by End User (Civil Infrastructure, Non-Residential Structures, Residential Structures), by Geography (U.S., Canada, China, Japan, India, U.A.E., Saudi Arabia, Germany, Italy, France, U.K., Russia, Brazil, Mexico) – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023" at:https://www.psmarketresearch.com/market-analysis/polymer-concrete-market
Insights on market segments
On the basis of type, the market is segmented into epoxy, polyester, vinyl ester, and others. Epoxy has been the largest category in the polymer concrete market, attributed to its increasing use in construction activities due to its superior properties of high impact strength, high vibration resistance, good bonding with concrete and metal surfaces, and others.
Of all classes in the polymer concrete market, polymer modified concrete (PMC) has been recording the largest share in the market so far. This can be attributed to the cost advantage it offers over other classes due to low polymer content in it.
On the basis of application, the polymer concrete market is classified into containments and waste containers, pump bases, flooring blocks, trench drains, and others. Trench drain has been the leading application category in terms of size, attributed to the growing need for repairing drainage systems in urban and rural areas worldwide.
Based on end user, the polymer concrete market is segmented into civil infrastructure, non-residential structures, and residential structures. Civil infrastructure has been the largest category, owing to the increasing construction of canals, drains and other civic amenities, across the globe.
North America stands as the largest polymer concrete market
Globally, North America has been recording the highest revenue in the polymer concrete market. This is attributed to the increasing use of this concrete in repair and maintenance activities in the region. Instead of demolishing and rebuilding industrial, civil, and other infrastructures, companies and individuals are opting for repair and restoration of infrastructures, which is driving the market growth.
Middle East and Africa (MEA) has been recording the second highest revenue share in the polymer concrete market, led by the high economic development in the region. The upcoming mega construction projects in the region, such as Smart City in Dubai and Lusail City in Qatar are fueling the market growth.
Emergence of fiber reinforced polymer concrete — Anopportunity for market growth
The emergence of polymer concrete reinforced with fibers such as glass, boron, carbon, natural fibers, and others is a growth opportunity for the market. These fibers are added to improve the concrete’s properties, such as fracture resistance. Fiber-reinforced polymer composites are used in various types of engineering structures including aircrafts, helicopters, offshore platforms, and others. These composites also find application in biomedical devices and civil structures. Hence, the development of new advanced forms of fiber reinforced polymer materials is expected to benefit the polymer concrete market.
Polymer Concrete Market Competitive Landscape
Some of the major players operating in the polymer concrete industry are Forte Composites Inc., ACO Severin Ahlmann GmbH & Co. KG, Fosroc International Ltd., Sauereisen Inc., Dudick Inc., ErgonArmor, BaseTek, Crown Polymers Corporation, BASF SE, and Sika AG.
GLOBAL POLYMER CONCRETE MARKET SEGMENTATION
By End User