Press release
Global Polymer Concrete Market Estimated to Become $3.4 Billion by 2024, at a CAGR of 7.2% During 2018-2024
According to a study, it has been observed that in 2017 in Germany with a cumulative investment amount of $140 billion approximately 180 developmental projects were in the growing phase. Additionally, in India in 2014 the investment of $700 billion was estimated towards urban infrastructure under the “Make in India” initiative. Moreover, these factors are further expected to bolster the growth of polymer concrete market across the globe.
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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 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.
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