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Polymer Concrete Market Study by Application, Segments & Regional Analysis 2019 - 2024 | ACO Group, Bouygues S.A, BASF, Sika
Polymer Concrete Market
Polymer concrete market for Asia Pacific achieved the maximum revenue that summed up over USD 270 million in 2017. This is due to swift industrial development and urbanization which is primarily due to growing investment leap which are initiating large construction activities in the above region.
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Increasing resin prices and infrequent availability of some resins may result in becoming a barrier to the product market size. Specific resins such as acrylates are high priced and are also not always available easily. This makes the price of polymer impregnated concretes quite high. However, additional properties such as high bond strength, heat resistivity, durability and improved adhesion will continue to offer new opportunities to the polymer concrete market in the expected timespan.
Polyester in polymer concrete market is expected to rise at a CAGR over 4% in the coming years. When polyester is added to the concrete, it provides the concrete with compressive strengths up to 3,500-4,500 psi and a high degree of absorption. The polyester concrete material develops an integrated chemical bond to the substrate material that provides improved adhesion properties. Additionally, it offers exceptional resistance to non-fluoride acids including hydrochloric, nitric, phosphoric and sulfuric.
Modified concrete market for application in water containers accounts more than 13% of the overall market size in 2017. Polymer concretes are extensively used in the building of various sorts of water containments structures due to its excellent bond strength and water retaining properties. For instance, the US Ministry of Defense is constructing proper water containment facilities in its several military base camps to store the wastewater and reusing it after its treatment. The building of these water containers would need the use of modified concretes extensively that would directly propel the polymer concrete market by 2025.
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Major polymer concrete market competitors accounting for the total industry size include:
• Crown Polymers
• ACO Group of Companies
• Bouygues S.A.
• BASF
• Forte Composites Inc
• Kwik Bond Polymers
• SAUEREISEN
• Wacker Chemie AG
• Fosroc
• ErgonArmor
• Mapei
• Sika
The government of Saudi Arabia is investing heavily on the Jeddah Economic City project, formerly known as Kingdom City, a USD 20 billion construction project which will hold homes, hotels, and office towers in a 2 square mile area. This would also include Jeddah Tower, that is set to be one of the world's tallest structures upon completion. Similarly, various such ongoing and upcoming projects in the emerging nations will positively drive the modified concrete market in the coming years.
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