POLYMER CONCRETE MARKET GROWTH TRENDS, SIZE, SHARE ANALYSIS 2032

The global polymer concrete market size was valued at USD 655.6 million in 2023 and is projected to grow from USD 686.1 million in 2024 to USD 1,010.4 million in 2032 at a CAGR of 5.0% during the forecast period. Polymer concrete exhibits numerous properties such as resistance to weathering, high impermeability, and high durability. The industry growth can be credited to the increasing product demand which offer acid and chemical resistance in numerous industries such as chemical processing, petrochemicals, and wastewater treatment.

Fortune Business Insights™ provides this information in its research report, titled “Polymer Concrete Market, 2024-2032”.

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List of Key Players Mentioned in the Report:

• Interplastic Corporation (U.S.)
• Dudick Inc. (U.S.)
• Forté Composites (U.S.)
• ULMA Architectural Solutions (Spain)
• BASF SE (Germany)
• Carborundum Universal Limited (CUMI) (India)
• Lidco Building Technologies (India)
• Kwik Bond Polymers (U.S.)
• ErgonArmor (U.S.)
• TPP Manufacturing Sdn Bhd (Malaysia)

Segmentation:

Polymer Resin Concrete Segment Accounted for Key Market Share Due to Enhanced Flexibility and Durability

On the basis of type, the market for polymer concrete is fragmented into polymer cement concrete, polymer resin concrete, and polymer impregnated concrete. The polymer resin concrete segment recorded key market share. Compared to conventionally-used cement-based materials, the polymer resin concrete offers enhanced durability, flexibility, and adhesion.  

Infrastructure Segment Registers Key Share Considering the Rising Product Deployment in Infrastructure Applications

On the basis of end-use industry, the market for polymer concrete is categorized into industrial, residential, commercial, and infrastructure. The infrastructure segment holds a dominant share in the market. This is due to the increasing product deployment in numerous applications in the infrastructure sector. These comprise tunnels, bridges, roads, and wastewater facilities.  

On the basis of geography, the market for polymer concrete is fragmented into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

Report Coverage:

The report gives an overview of the key market trends. It also provides an insight into the pivotal factors boosting the industry expansion throughout the study period. The report further gives an account of the pivotal steps undertaken by major market players to increase the reach of their products.

Drivers and Restraints:

Rising Demand for Durable Materials to Boost Industry Expansion

The surging long-lasting construction material demand is set to boost polymer concrete market growth. The material is deployed in tunnels, bridges, and roads. Furthermore, it exhibits remarkable resistance, durability, and environmental benefits, which is favoring market expansion.

However, the industry growth may be affected by the lack of awareness associated with the product among professionals in the construction sector.    

Regional Insights:

Asia Pacific Held Prominent Market Share Owing to Surging Promotion of Environmentally Friendly Construction Practices

The Asia Pacific market registered a dominant share in the global market. The regional expansion is due to the enforcement of severe government regulations focused on the promotion of environmentally friendly construction practices. In addition, the region exhibits a necessity for long-lasting infrastructure.

The Europe polymer concrete market share is rising in the global market on account of several factors. These comprise a focus on carbon emissions and sustainable construction practices in the region.  

Information Source: https://www.fortunebusinessinsights.com/polymer-concrete-market-108724

Competitive Landscape:

Major Market Participants Set up Robust Distribution Networks to Strengthen Industry Position

Leading companies focus on wide regional presence and setting up robust distribution networks. Market players are also offering numerous products. These initiatives are being deployed for strengthening their industry positions.

Key Industry Development:

• April 2022 – Tnemec Company inked an agreement with ProPolymer Coatings for the acquisition of the LavaCrete high-performance polymer concretes. The move helped in the company’s portfolio expansion.