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By 2025, Polymer Concrete Market is Anticipated to Witness Robust Demand - ACO Group, BASF, Mapei, Sika, Wacker Chemical Corporation, Bouygues Construction

11-29-2019 01:23 PM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

Polymer Concrete Market

Polymer Concrete Market

Polymer Concrete Market report provide emerging opportunities in the market and the future impact of major Key vendors and Market driver and, support decisions in making cost-effective business decisions. The market report assesses key opportunities in the market and outlines the factors that are and will be driving the growth of the polymer concrete.

Polymer Concrete Market is forecast to exceed USD 600 million; according to a new research report. Polymer concrete (PC) or polymer resin concrete registered more than 50% of the total market size in 2017. These products are known for its high binding strength and possess exceptional resistance to acid. Polymer concrete is made by replacing the cement by adding resins such as epoxy, vinyl, polyester and furan providing it with additional binding properties. It also provides improved hydration and compressive strengths than cement.

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Asia Pacific Polymer concrete market 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. Government is presently making regulations under structural reformation plans for the application of large projects to expand the total construction in the area that would positively affect the modified concrete market positively during the forecast period. For instance, the upgradation of Beijing Daxing International airport to make it worlds largest international airport would propel the product market size by 2025.

Propelling use of polymer concrete in the construction industry due to the rising industrialization and urbanization in regions such as Asia Pacific and Middle East is expected to augment the global polymer concrete market during the forecast period. Rise in investments in the emerging nations for the construction of modern buildings and public infrastructures are also surging. For instance, 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.

Polymer concrete market by class
1. Polymer concrete (PC)
2. Polymer modified concrete (PMC)
3. Polymer impregnated concrete (PIC)

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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.

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 and Sika.

Related News: https://www.globenewswire.com/news-release/2018/09/24/1574695/0/en/Polymer-Concrete-Market-revenue-to-cross-600mn-by-2025-Global-Market-Insights-Inc.html

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.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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