Polymer Concrete Market Trends and Segments Forecast To 2028

The global polymer concrete market size was valued at USD 652.8 million in 2021 and is expected to reach a value of USD 1,076.0 million by 2028, growing at a CAGR of 7.5% during the forecast period from 2022 to 2028. Concrete constructed of synthetic organic polymers serves as a binder in polymer concrete. A monomer/aggregate mixture was polymerized to produce this chemical. The aggregates and the final composite are bound by this polymerized monomer. Plastic resin concrete or synthetic resin concrete totally replaces Portland cement and is combined with a hardening agent, sand, gravel, filter material, or quartz powder. This material's chemical composition demonstrates a variety of characteristics, including high bearing strength, high compressive strength, rapid preservation, strong resistance to chemical assaults, abrasion, and low penetrability. Global demand for polymer concrete technology is anticipated to expand due to a number of causes, including better mechanical qualities, increased need for chemical-resistant building materials, growing public awareness of the benefits of eco-friendly concrete, and quicker installation times. High prices, however, limit the market's expansion. Additionally, it is anticipated that the market will see new prospects when typical concrete is replaced.

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Polymer Concrete Market Growth Factors:
Because of its enhanced features, such as the capacity to form complicated shapes, superb vibration damping, and quick drying characteristics, polymer concrete is becoming more and more popular in new applications. In a variety of applications, including pump bases, waste bins, chemical containments, industrial flooring blocks, and trench drains, polymer concrete is frequently employed. Over the forecast period, the aforementioned elements are anticipated to drive the market expansion for polymer concrete. Since drainage applications use polymer concrete more frequently, market growth is anticipated. For better water discharge rates from the pipe, polymer concrete enables precision shaping and polishing, which encourages optimum hydraulic flow.
Polymer Concrete Market limitations:
When compared to other materials, polymer concrete is more expensive, which limits its use in applications for people with special requirements. Over the anticipated time, this aspect is anticipated to restrain the market expansion of polymer concrete. The use of a particular kind of plastic as a less expensive substitute for polymer concrete that offers the same qualities is also projected to restrain market expansion over the forecast period.

The global polymer concrete market segmentation:
1) By Material Type: Polyester, Vinyl Ester, Epoxy Based, Others.
2) By Binding Agent: Natural Resin, Synthetic Resin.
3) By Application: Solid Surface Countertops, Outdoor Seats & Benches, Waste Containers, Pump Bases, Flooring Blocks, Chemical Contaminants, Trench Drains, Others.
4) By End-user: Industrial, Residential & Municipal, Commercial.

Polymer Concrete Market Regional Analysis:
Over the projected period, the market analysed is anticipated to be dominated by the North American region, with the United States accounting for the biggest revenue share. The American economy greatly benefits from the building sector. The sector employs more than 6 million people, has over 650,000 employers, and annually produces structures valued close to USD 1.5 trillion. It is one of the biggest consumers of mining, manufacturing, and a range of other services.

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Key players in the polymer concrete market report are ACO FUNKI A/S
Arizona Polymer Flooring Inc. (ICP Building Solutions Group), BASF SE, Forte Composites Inc., Interplastic Corporation, Kwik Bond Polymers, Metro Cast Corporation, Polycare, TPP Manufacturing SDN BHD, ULMA Architectural Solutions

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