Polymer Concrete Market is slated to be worth US$ 11.2 Bn by 2030 at a CAGR of 8.5%

Polymer Concrete Market

The global Polymer Concrete Market to reach Impressive US$ 11.2 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 8.5% in the forecast period.

Polymer concrete is a form of composite material that consists of cement, aggregate, and one or more polymers. Polymer concrete is used for the manufacture of products such as structural components, roofing systems, countertops, flooring systems and other structures. Polymer concrete has become increasingly popular over recent years due to its superior properties compared to traditional materials such as asphalt or concrete. It is also known for its greater strength and durability, lighter weight, and easier installation process.

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Increasing demand from various end-use industries such as construction and automotive are expected to drive the growth of this market during the forecast period. The government initiatives in various countries such as tax incentives, subsidies, etc., are also expected to fuel the market growth. Additionally, growth in the manufacturing sector in developing countries such as China and India is projected to create new opportunities for the polymer concrete manufacturers in these regions.

Market Dynamics

The key drivers driving the growth of the polymer concrete market are increasing demand from construction industry and government initiatives across different countries offering tax incentives and subsidies on polymer concrete products. Construction industry has been witnessing strong growth due to urbanization trend across different countries where governments have emphasized on building robust infrastructure which requires strong materials like polymer concretes instead of traditional concretes or asphalt products because of their superior strength and durability.

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.

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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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The Global Polymer Concrete Market Is Driven By Increasing Demand From Various End Use Industries Such As Construction Automotive Aerospace& Defense Along With Government Initiatives Promoting Its Adoption Across Various Geographical Regions Further Boosting Its Demand These Factors Are Expected TO Drive The Global Polymer Concrete Market during Forecast Period.

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