Thursday, 30 January 2020

Global Polymer Concrete Market Size of $2.1 billion in 2017


Polymer Concrete Market Highlights
The global polymer concrete market was valued at $2.1 billion in 2017 and is estimated to further become $3.4 billion by 2024, at a CAGR of 7.2% during 2018-2024. This market is witnessing significant growth owing to increasing responsiveness concerning the usage of polymers in concrete as it offers multi-tasking and enhanced performance. Extensive spending on maintenance and repair along with rapid growth in infrastructural and developmental accomplishments in growing economies are the major factors driving the growth of polymer concrete market globally.

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The global polymer concrete market has also been segmented by end-user into civil infrastructure, non-residential structure and residential structure. Civil infrastructure is projected to become the largest market owing to several initiatives by the government agencies to upgrade the economy and develop extensive investment in civil infrastructure in developed economies. Furthermore, the accelerating demand for polymer concrete is additionally increasing the demand for polymer concrete in the global market.

Geographically, North America has been observing largest revenue in the polymer concrete market. The increasing market revenue is projected towards extensive usage of concrete in maintenance activities in this region.  Moreover, Middle East and Africa (MEA) has been contributing second largest revenue share in the polymer concrete market, due to rapid economic progression in the region. Additionally, it has been observed that future mega developmental projects such as Smart City in Qatar and Dubai are bolstering market growth in this region. 

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Globally industry players are leveraging market growth by replacing the cheap substitutes of products to providing superior quality options for varied ranges of applications across the globe. Some of the major players operating in the global polymer concrete market are Fosroc International Ltd., Dudick Inc., Forte Composites Inc., Crown Polymers Corporation, ACO Severin Ahlmann GmbH & Co. KG, ErgonArmor, BASF SE,  BaseTek, Sauereisen Inc., and Sika AG.

Global Polymer Concrete Market Coverage

Class Insight and Forecast 2014 - 2024

•    Polymer Modified Concrete
•    Polymer Impregnated Concrete
•    Polymer Resin Concrete

Type Insight and Forecast 2014 - 2024 

•    Epoxy
•    Vinyl
•    Polyester
•    Others

Application Insight and Forecast 2014 - 2024

•    Containments and Waste Containments
•    Pump Bases
•    Trench Drain
•    Flooring Blocks
•    Others

End-User Insight and Forecast 2014-2024

•    Civil Infrastructure
•    Non-Residential Structure
•    Residential Structure

Geographical Segmentation

Polymer Concrete Market by Region

North America
•    U.S.
•    Canada

Europe

•    Germany
•    U.K.
•    France
•    Italy
•    Russia
•    Rest of Europe

Asia-Pacific

•    Japan
•    China
•    India
•    Rest of Asia-Pacific

Latin America

•    Brazil
•    Mexico
•    Rest of Latin America

Middle East and Africa

•    U.A.E.
•    Saudi Arabia
•    Rest of Middle East and Africa

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