Polymer Concrete Market to Cross US$ 1 Bn Revenues in 2030|at a CAGR of 7.5%

Polymer Concrete Market 2022 to 2030

The global Polymer Concrete Market Sale to reach Impressive US$ 1 Bn by 2030; to pick up better pace post Covid-19 Era. PMR states that the global Polymer Concrete Market Sale will witness a CAGR of 7.5% in the forecast period.

The Polymer Concrete Market is an ever-growing sector that provides a range of products, services, and applications to a wide variety of industries. Polymer concrete has become increasingly popular due to its superior strength and durability when compared to traditional concrete. Polymer concrete has been used in a variety of applications such as infrastructure, transportation, construction, and many others.

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Market drivers:

Infrastructure development: The growing population and urbanization are leading to an increased demand for infrastructure development, such as roads, bridges, and buildings. Polymer concrete is an ideal material for use in these applications due to its high strength and durability.

Repair and rehabilitation of existing structures: The need to repair and rehabilitate existing structures is also driving the demand for polymer concrete. It is a suitable material for use in repair and rehabilitation projects due to its ability to bond to existing concrete and its high strength.

Sustainable construction materials: There is a growing demand for sustainable construction materials, and polymer concrete is seen as a sustainable alternative to traditional concrete. It is made with recycled materials and has a lower carbon footprint compared to traditional concrete.

Market trends:

Increasing demand for polymer concrete in the transportation sector: The transportation sector is a major contributor to the demand for polymer concrete. It is used in the construction of roads, bridges, and airport runways due to its high strength and durability.

Increasing demand for polymer concrete in the construction sector: The construction sector is also a major contributor to the demand for polymer concrete. It is used in the construction of buildings and other structures due to its high strength, durability, and flexibility.

Increasing adoption of advanced polymer concrete products: The market is witnessing the increasing adoption of advanced polymer concrete products, such as self-healing polymer concrete, which can repair cracks and defects on its own.

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Key Companies-

• BASF SE
• Sika AG
• Wacker Chemie AG
• ACO Group
• Kwik Bond Polymers LLC
• Sauereisen Inc.
• Hubbell Power Systems Inc.
• Forte Composites, Inc.
• ULMA - Architectural Solutions
• Sandmix Sp. z o.o. S.K. and more

Key Takeaways from the Polymer Concrete Market Sale

• By end-use, "infrastructure" sector holds the largest market share.
• By type, non-commercial sector is expected to expand at the fastest pace.
• The Asia-Pacific is expected to be the major revenue generator going forward, due to construction activities at their peak in countries like India and China.
• Europe is expected to catch up out of recovery in commercial and residential sectors going forward.
• North America will grow due to an extensive demand for "single-family housing". Programs like "National Housing Commission" and "National Infrastructure Program" have been launched by the government of Mexico, which are projected to hold the flag for North America high.
• By application, containments hold the major market share, basically due to more number of manufacturing industries using containments for storing fluids. This scenario is expected to be prevalent in the MEA and Asia-Pacific.
• By type, epoxy happens to be the maximum revenue generator due to high resistivity with respect to chemicals, notable creep resistance and fatigue. Adhesion is already good to go. The application areas include exterior walls, skid-resistant overlays in the highways, industrial floorings, and as a resurfacing material for giving deteriorated areas superior finishing.

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Market restraints:

High cost of polymer concrete: One of the major restraints for the polymer concrete market is the high cost of the material. It is more expensive compared to traditional concrete, which limits its adoption in some cases.

Limited availability of raw materials: The availability of raw materials for the production of polymer concrete is limited, which can restrict the growth of the market.

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Polymer Concrete Market - https://www.prnewswire.com/news-releases/polymer-concrete-market-is-anticipated-to-expand-at-a-cagr-of-7-5-during-the-projected-period-of-2020-2030--301153244.html

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The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.

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This release was published on openPR.