Global Polymer Concrete Market – Growth Rate, Trends, Covid-19 Impact & Forecasts

Polymer concrete is the composite material made by fully substituting the cement hydrate binders of conventional cement concrete with the polymer binders or liquid resins, and is a form of concrete-polymer composite. Not only has this, the polymer concrete is a composite material in which the aggregate in bound together in a polymeric matrix. In simple words, the polymer concrete are broadly adopted in the building and construction industries owing to its robust adhesive properties, increment in spending on repair & maintenance and growth in the infrastructural activities in underdeveloped regions to boom the market growth.

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According to the report analysis, ‘Global Polymer Concrete Market, 2021-2027’ states that BASF SE, ACO Group, Forte Composites Inc., Interplastic Corporation, Sika AG, ULMA Group and many more are the foremost entities which presently functioning in the global polymer concrete market more proficiently for leading the highest market growth, ruling around the globe, obtaining the competitive edge, keep maintaining the governing position, registering the great value of market share, and generating the great value of market share by increasing the applications and benefits of polymer concrete, decreasing the linked prices of such, delivering the better consumer satisfaction, spreading the awareness connected to benefits and features of such, improving the qualitative and quantitative measures of such, implementing the policies and strategies of enlargement and profit making, analysing the strategies and policies of government as well as similar entities and employing the young and active personnel.

In addition, the market is observing growth owing to the increasing awareness concerning the usage of polymers in concrete owing to their high performance and multifunctionality. Increment in spending on repair & maintenance and growth in infrastructural activities in underdeveloped economies are some of the factors propelling the market for polymer concrete.

Based on the applications, the global polymer concrete market is segmented into asphalt pavement, construction maintenance and industrial tanks.

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Whereas, it is predicted that the construction industry around Europe was one of the most primitive adopters of polymer concrete after its commercialization, along with North America. End users in such markets endure to preferentially adopt polymer concrete vis-a-vis traditional concrete at a greater rate as compared to end users in underdeveloped economies such as Asia, the Middle East, and Latin America.

Moreover, the Europe and North America together account for more than half of the Polymer Concrete Market share as far as requirement is concerned, on a worldwide level. Western Europe, in specific, is a robust market for polymer concrete, registering for more than two-third of entire European requirement.

The polymer concrete market is still in a reasonably early phase around Asia Pacific, the Middle East & Africa, and Latin America. Fast increasing economies in such markets are observing significant spending on development of infrastructure and residential as well as commercial construction. This delivers a wide opportunity for polymer concrete market contributors to make in-roads into these markets.

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