Global Polymer Concrete Market, By Class (Polymer Modified Concrete (PMC), Polymer Resin Concrete (PC), Polymer Impregnated Concrete (PIC)), Type (Epoxy, Latex, Acrylate, Polyester, Vinyl, Furan, Others), Binding Agent (Natural Resin, Synthetic Resin), Application (Containments, Pump Bases, Waste Containers, Flooring Blocks, Trench Drains, Others), End-Use Industry (Industrial, Commercial, Residential and Municipal), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Polymer Concrete Market
Data Bridge Market Research analyses the polymer concrete market will exhibit a CAGR of 7.40% for the forecast period of 2022-2029.
Polymer concrete is created when a monomer or aggregate mixture is polymerized. The aggregate mixture is combined with the polymer, which acts as a binder. This type of concrete is made by reducing the volume of spaces in the aggregates, which minimizes the amount of polymer necessary to bind the particles. Polymer concrete has various advantages over regular concrete made with Portland cement. Polymer concrete has a variety of qualities, including high compressive strength, quick curing, high specific strength, and chemical resistance, and is thus widely employed in a variety of sectors.
The rise in the number of construction activities and new developmental projects will influence the growth rate of the polymer concrete market. The increasing popularity of polymer concrete in nuclear power plants, bridge drainage system, marine works and industrial plants will act as key element driving market expansion. Along with this, rising economy will result in the development of smart cities in many countries which will further increase the demand for the polymer concrete market. The polymer concrete market is also being driven by significant factors such as the upsurge in the level of disposable income and increasing urbanization. Furthermore, upsurge in the level of investments for public construction will enhance the growth rate of polymer concrete market. Also, the rise in the number of initiatives by government for constructing bridges, under pass, sewages and others will act as major factors influencing the growth of polymer concrete market. The market for polymer concrete is growing due to increased need for improved features such as the capacity to produce complicated shapes, excellent vibration damping, and rapid curing properties in developing applications.
Moreover, expansion of end-user industries and upsurge in the demand for waterproofing of structures will create beneficial opportunities for the growth of the polymer concrete market. Additionally, rising number of mergers and acquisitions among drug manufacturers and untapped potential in emerging market will provide lucrative opportunities for market’s growth.
However, the high cost associated with the product and presence of other alternatives will hamper the polymer concrete market’s growth rate. Also, fluctuating prices of raw materials and strict regulations will further pose challenges to the growth of polymer concrete market. The dearth of availability of raw materials and less awareness will act as major market restrains that will further impede the market’s growth rate.
This polymer concrete market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on polymer concrete market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Polymer Concrete Market Scope and Market Size
The polymer concrete market is segmented on the basis of class, type, binding agent, application and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of class, the polymer concrete market is segmented into polymer modified concrete (PMC), polymer resin concrete (PC) and polymer impregnated concrete (PIC).
- On the basis of type, the polymer concrete market is segmented into epoxy, latex, acrylate, polyester, vinyl, furan and others.
- On the basis of binding agent, the polymer concrete market is segmented into natural resin and synthetic resin.
- On the basis of application, the polymer concrete market is segmented into containments, pump bases, waste containers, flooring blocks, trench drains and others.
- On the basis of end-use industry, the polymer concrete market is segmented into industrial, commercial, and residential and municipal. The industrial segment is further sub-segmented into energy and utilities, pulp and paper, chemicals, metallurgy, food processing, automotive, and others. The commercial segment is further sub-segmented into service stations, retail spaces, and other establishments. The residential and municipal segment is further sub-segmented into buildings, roadways, pipes and tunnel liners, bridges, and others.
Polymer Concrete Market Country Level Analysis
The polymer concrete market is segmented on the basis of class, type, binding agent, application and end-use industry.
The countries covered in the polymer concrete market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the polymer concrete market and will continue to flourish its trend of dominance due to the availability of labor, and competitive cost base in this region. Growing level of investment in construction activities, increasing disposable income and rising population will propel the market’s growth rate in this region.
The country section of the polymer concrete market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Polymer Concrete Market Share Analysis
The polymer concrete market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polymer concrete market.
Some of the major players operating in the polymer concrete market are Honeywell International Inc., BASF SE, SAINT-GOBAIN, Axens, SK geo centric Co., Ltd., TotalEnergies, Devson Catalyst., GLOBAL PRECISION BALL AND ROLLER, Idemitsu Kosan Co., Ltd., COSMO ENERGY HOLDINGS Co.,Ltd., Valero, Avada, GS Caltex Corporation, Galp, Marathon Petroleum Corporation, Devson Catalyst Private Limited, Sika AG, MAPEI S.p.A., Fosroc, Inc., and Dow, among others.
Customization Available : Global Polymer Concrete Market
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