Polymeric Sand Market 2019 – Industry Share, Trends, Scope Overview, Huge Growth Opportunities, Insights and Development 2024

Market Summary

Polymeric Sand is fine particles of polymer containing an additive, such as silica, to form a binding force when it comes in contact with water. The polymeric helps the pavers to be locked in place properly without budge, also it makes them impenetrable by water. Polymeric sand is mainly used in compacting the paver’s blocks for various residential, municipal, industrial, and commercial construction applications.

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The Global Polymeric Sand Market is projected to exhibit a considerable CAGR of 7.85% owing to rapid growth in the demand in the municipal construction activities including paving along roads, government buildings, schools, and hospitals. In addition, increasing government spending by the countries in the developing regions such as Asia-Pacific, the Middle East and Africa, and Latin America is expected to boost the demand for the product during the forecast period.

Regional Analysis

The Asia-Pacific market is expected to witness robust growth during the forecast period (2019–2024). This is mainly attributed to the rapid industrialization and urbanization in the emerging economies of the region, namely India, China, South Korea, Malaysia, and Vietnam. These countries are focusing over the infrastructure development on the backdrop constantly increasing population. The major contributors to the growth of this regional market are China, South Korea, and India, due to increasing construction activities and high government investment in construction activities. Among these countries, the Indian government has adopted the path of rapid industrialization through their flagship economic development scheme called “Make in India”, which is likely to fuel the industrialization and in turn growth of the construction activities.

The market in Europe held the largest market share in 2018, owing to surging construction activities in Eastern Europe and high use of the product in auxiliary construction activities such as pavement, beautification of patio and residential places. In the North American market, the surging reconstruction activities are likely to favor the growth of the regional market during the forecast period.
The Middle East & Africa and Latin American markets accounted for the lower market share in 2018. However, the high growth potential of the construction sector in these regions is likely to boost the market growth during the forecast period.

Key Players

• Vimark S.r.l. (Italy)
• TECHNISEAL (Canada)
• Sakrete (US)
• Fairmount Santrol (US)
• Sable Marco Inc. (Canada)
• TCC Materials (US)
• Ash Grove Packaging (US)
• SEK SUREBOND (US)
• Alliance Designer Products Inc (Canada)
• and SRW Products (US)

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Segmentation

The Global Polymeric Sand Market has been segmented on the basis of application, end-use, and region.

Based on application, the global polymeric sand market has been categorized into pavements, auxiliary building spaces, pool deck, parking space, patio, and others.

By end use, the global polymeric sand market has been divided into commercial, residential, industrial, and municipal.

The Global Polymeric Sand Market has been studied with respect to five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

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This release was published on openPR.