Polymer Concrete Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Polymer Concrete Market grew at a CAGR of 6.2% between 2017-2021 and is estimated to be US$ 613.4Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 7.1% and is expected to reach a valuation of US$ 1,218.0Mn by 2032 end.
Higher compressive and impact strengths are only a few of polymer concrete’s important advantages over traditional concrete. Both chemical and abrasion resistance is significantly improved in polymer concrete. The permeability of polymer concrete is considerably lower than that of conventional concrete formulations, eliminating problems with seepage and water leaks in construction structures.
Given these distinctive advantages and the advanced chemistry of its product, polymer concrete is becoming increasingly popular in the construction sector, a significant long-term market driver. These advantages are imparted to polymer concrete by the inherent toughness and chemical characteristics of polymer resins, driving the market for polymer concrete to grow.
INDUSTRIAL APPLICATIONS OF POLYMER CONCRETE GAINING PROMINENCE
Apart from its traditional stronghold of residential & municipal end-use sectors, the industrial sector has emerged as a key end user in the polymer concrete industry. Industrial applications greatly benefit from the unique outstanding properties of polymer concrete, such as vibration dampening, quick curing, and capacity to be moulded into complicated shapes.
Other benefits include chemical, abrasion, and corrosion resistance, which makes polymer concrete a more and more popular choice in industrial structures. For instance, some of the major industrial sectors that are seeing an increase in the use of polymer concrete include chemical, energy utilities, pulp and paper, and metallurgy.
SAFETY CONCERNS RELATED TO POLYMER CONCRETE MAY OBSTRUCT GROWTH
Most construction firms and governmental organizations employ polymer concrete, a product with a fragmented global market, to increase the durability and sustainability of their building materials. However, compared to other forms of concrete on the market, polymer concrete is quite expensive.
In addition, due to worries about the composite material’s safety, end customers have preferred polymer concrete surface layer applications over full polymer concrete constructions. Due to their toxicity, volatility, and combustibility, handling the monomers required to make polymer concrete raises several safety risks. Initiators are combustible and harmful to human skin since they are utilized as catalysts, promoters, and accelerators for the polymerization process.
UPGRADATION OF SEWERAGE SYSTEMS TO FOSTER SALES OF POLYMER CONCRETE ADDITIVES
The number of specialized applications where polymer concrete could be used, like those in residential and commercial applications, has been developing quickly due to rapidly expanding infrastructure activities on a global scale. For instance, the Asia Pacific region has seen a sharp increase in demand for sewerage pipelines.
Due to its high tensile strength and fast curing properties, polymer concrete is mostly used to build maintenance holes, swimming pools, and other structures containing chemicals and liquids that cause them to deteriorate over time.
Market Segments Covered in Report
By Region and Country:
How is the Polymer Modified Concrete (PMC) segment expected to dominate the market during the forecast period?
The most significant segment was polymer-modified concrete (PMC). Less polymer-modified concrete is needed, and it is naturally more affordable. Its process technique is relatively comparable to conventional cement concrete, making it the market’s largest sector for polymer concrete.
Why is the epoxy segment expected to have the highest market share during the forecast period?
The greatest market sector for polymer concrete worldwide was epoxy. Epoxy has a considerable market share because of its excellent adhesion, good chemical resistance, and unusual fatigue and creeps resistance. It is utilized for specialized purposes such as industrial flooring, skid-resistant highway overlays, external walls, and resurfacing material for degraded regions to give them a better surface. Due to these qualities, epoxy-based polymer concrete is the most popular type of concrete.
Which application is increasing in demand in the anticipated period?
The main application for polymer concrete was in containments. Chemical production businesses, which require containments to store fluids, benefit from growing industrialization. The market for polymer concrete containments is anticipated to be driven by the rise of the industrial sector due to widespread economic expansion, particularly in the Asia Pacific and the Middle East & Africa.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
To strengthen their positions in a given market, major producers of polymer concrete are working on embracing new distribution channels like the Internet channel. A few significant players focus on expanding their current manufacturing facilities to fulfil the soaring demand from the industrial sector, while the bulk of large companies focuses on sustainability.
The key developments in the Global Polymer Concrete Market:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Class, Type, Application, End-User, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 7.1%.
Industrial applications of polymer concrete gaining prominence
Major global Polymer Concrete Market players are 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, Fosroc, Dow Chemical, Fineway Inc
Safety concerns related to polymer concrete may obstruct growth
North America is expected to account for the largest market revenue share in the Global Polymer Concrete market.
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