Press release
Polymer Concrete Market Insights on market segments, Trends, Opportunities, Demand And Forecast by 2023
the market is segmented into epoxy, polyester, vinyl ester, and others. Epoxy has been the largest category in the polymer concrete market, attributed to its increasing use in construction activities due to its superior properties of high impact strength, high vibration resistance, good bonding with concrete and metal surfaces, and others.
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Globally, North America has been recording the highest revenue in the polymer concrete market. This is attributed to the increasing use of this concrete in repair and maintenance activities in the region. Instead of demolishing and rebuilding industrial, civil, and other infrastructures, companies and individuals are opting for repair and restoration of infrastructures, which is driving the market growth.
Middle East and Africa (MEA) has been recording the second highest revenue share in the polymer concrete market, led by the high economic development in the region. The upcoming mega construction projects in the region, such as Smart City in Dubai and Lusail City in Qatar are fueling the market growth.
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The emergence of polymer concrete reinforced with fibers such as glass, boron, carbon, natural fibers, and others is a growth opportunity for the market. These fibers are added to improve the concrete’s properties, such as fracture resistance. Fiber-reinforced polymer composites are used in various types of engineering structures including aircrafts, helicopters, offshore platforms, and others.
Some of the major players operating in the polymer concrete industry are Forte Composites Inc., ACO Severin Ahlmann GmbH & Co. KG, Fosroc International Ltd., Sauereisen Inc., Dudick Inc., ErgonArmor, BaseTek, Crown Polymers Corporation, BASF SE, and Sika AG.
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