Polymer Concrete Market: Porter Analysis Identifies Competitive Forces Within The Market

The global polymer concrete market is estimated to attain a size of $1,975.8 million in 2017 and is projected to reach $2,964.0 million by 2023, witnessing a CAGR of 7.1% during 2018–2023. The market is driven by the increasing use of polymer concrete in construction activities around the world, due to its superior mechanical properties as compared to traditional concrete.

Polymer concrete is an aggregate mixture which uses epoxy binder to harden into place. It can be made with different kinds of polymer resins such as epoxy, polyester, vinyl-ester, and others, which allow the concrete to be poured or troweled and then hardened. Its primary ingredients are water, sand, gravel, and crushed stones.

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The major trend witnessed in the polymer concrete market is the growing awareness among people regarding the high performance of this concrete. The traditional and existing forms of concrete suffer from various drawbacks such as high installation time, high overall mass, poor insulating properties, and others, which is generating a need for high performance concrete; thus, driving the demand for polymer-based concrete. This concrete exhibit high-performance properties such as high impact resistance and high tensile strength, leading to its increased adoption in the construction industry.

The major restraint to the growth of the polymer concrete market is the cost of this concrete, which is relatively high as compared to traditional concrete, due to its superior physical properties. The production cost of one ton of concrete made from polymer is significantly higher when compared to the cost of producing a ton of cement concrete. Due to its relatively high cost, the use of this concrete is limited to very specialized civil engineering applications such as abrasion resistant pipes or stress-resistant heavy-duty drainage channels.

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Polymer concrete is an aggregate mixture which uses epoxy binder to harden into place. It can be made with different kinds of polymer resins such as epoxy, polyester, vinyl-ester, and others, which allow the concrete to be poured or troweled and then hardened. Its primary ingredients are water, sand, gravel, and crushed stones.

Globally, North America has been accounting for the highest revenue in the polymer concrete market, with an estimated contribution of more than 20.0% in 2017. The increasing use of this concrete in the construction industry for repair and maintenance of buildings/structures/facilities is driving the growth of the market in the region. The U.S. especially, is witnessing increasing repair and maintenance of civic facilities.

Some of the major players operating in the global polymer concrete market 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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