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What are the factors contributing in Polymeric Sand Market growth? Top key players Techniseal, Promasonry, Fairmount Santrol, Sakrete Inc., SRW Products, TCC Materials

09-26-2019 06:24 PM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights

Polymeric Sand Market

Polymeric Sand Market

Rising real income and demand of amenities such as swimming pool and bigger outdoor living spaces across the globe are the prime factors driving polymeric sand market over forecast time period. The product posses some excellent features such as endurance to extreme weather conditions, resistance to weed and insect growth which reduces the maintenance cost of application areas, thus boosting the polymeric sand demand over forecast time period.

Polymeric Sand Market in the Europe holds substantial share owing to initiatives taken by governments of European countries to improve their existing transit infrastructures. Asia Pacific and Latin America will show decent growth rate with increasing product awareness.

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Patios segment will show excellent growth rate of around 6.5% from 2019 to 2025. Improving standard of living and adoption of luxury lifestyle across the globe has given rise to patios construction in the outdoor living spaces, thus propelling the polymeric sand market demand in coming years.
Commercial sector is likely to show CAGR of more than 6.5% by the end of the forecast spell. Improving bilateral ties between various countries has resulted in service sector growth, thus the construction of commercial complexes, hotels and business parks is increasing. This will significantly give an up thrust to the polymeric sand market demand by 2025.

On the basis of product, polymeric sand holds significant share in overall market due to widespread application of it in joining pavers of sidewalks, patios, pedestrian crossings, etc. Owing to increasing focus of government in emerging economies on developing better public infrastructures, the demand of polymeric sand market will escalate over the forecast time period.

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Currently in Mexico there is investment gap of about USD 554 billion in this sector and it requires further USD 1.1 trillion of investment. Along with this participation of Mexico in NAFTA and soon in United States-Mexico-Canada Agreement (USMCA) will give an excellent opportunity for the key polymeric sand manufacturers to take advantage of prospective demand in Mexico.

Rising infrastructure development activities along with increasing demand of homes with outdoor spaces & better aesthetic appeal are the prime factors driving polymeric sand market towards positive direction. Developing countries such as Mexico have tremendous investment opportunities in infrastructure sector, they have also developed USD 600 billion program to improve their existing economic infrastructures.

Some of the main players in polymeric sand market are the Techniseal, Promasonry, Fairmount Santrol, Sakrete Inc., SRW Products, TCC Materials, Ash Grove Packaging, SEK Surebond Inc., Silpro, Sable Marco, Alliance Designer Products Inc.

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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc.
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