Polymer Concrete Market Insights 2023, Detailed Analysis of Top Vendors with Regional Outlook and Demand by 2030 | BASF SE, Sika AG, Wacker Chemie AG

Market Overview:

Polymer concrete is a composite material obtained by mixing aggregate, monomer, and polymer. It is used in flooring, pump bases, waste containers, polymer highway barriers, and others applications due its high strength and durability properties.

Market Dynamics:

The polymer concrete market is witnessing high growth owing to rising infrastructure development projects across the globe. As per UN data, the global infrastructure spending is projected to reach around USD 94 trillion by 2040. Polymer concrete offers significant advantages over traditional concrete such as high strength, flexibility, chemical resistance, and durability which makes it suitable option for infrastructure construction activities. In addition, growing industrialization in developing countries of Asia Pacific and Latin America has augmented the demand for polymer concrete in manufacturing waste containers, industrial flooring, and others industrial applications. The global polymer concrete market size is estimated to surpass USD 2.5 billion by 2030, expanding at a CAGR of around 7.5% during the forecast period.

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Major market players included in this report are:

★ 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

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

By Material Type:
✦ Polyester
✦ Vinyl Ester
✦ Epoxy Based
✦ Others

By Binding Agent :
✦ Natural Resin
✦ Synthetic Resin

By Application:
✦ Solid Surface Countertops
✦ Outdoor Seats & Benches
✦ Waste Containers
✦ Pump Bases
✦ Flooring Blocks
✦ Chemical Containments
✦ Trench Drains
✦ Others

By End User:
✦ Industrial
✦ Residential & Municipal
✦ Commercial

Regional Analysis:

⦿ North America (U.S. and Canada)
⦿ Latin America (Mexico, Brazil, Peru, Chile, and others)
⦿ Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
⦿ Eastern Europe (Poland and Russia)
⦿ Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
⦿ The Middle East and Africa (GCC, Southern Africa, and North Africa)

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✤ Major Driver 1: Increasing investment in infrastructure development

The polymer concrete market has been witnessing significant growth due to the rising investment by various governments across the globe in infrastructure development activities. Polymer concrete finds extensive usage in the construction of roads, highways, bridges, and other construction projects due to its high durability and strength. It provides long-lasting performance even under extreme weather conditions and requires very low maintenance. Many countries are focusing on upgrading their aging infrastructure which is propelling the demand for polymer concrete from the construction industry.

✤ Major Driver 2: Growth in non-residential construction sector

The non-residential construction sector including malls, airports, industrial plants, commercial buildings etc has experienced steady expansion in the past few years. Polymer concrete offers various advantages over conventional concrete such as high compressive strength, corrosion and chemical resistance which makes it suitable for applications in the non-residential construction industry. It is used for making decorative floors, counters, and other architectural elements in commercial spaces. The booming commercial real estate sector particularly in developing nations is anticipated to fuel the consumption of polymer concrete during the forecast period.

✤ Major Restrain: Volatility in raw material prices

Fluctuating prices of key raw materials required for the production of polymer concrete like resins, polymers, and aggregates pose a major challenge for manufacturers. Since these raw materials are petroleum-based, their prices depend on crude oil price volatility in the international markets. Any increase in raw material costs leads to a hike in the overall production cost of polymer concrete which restricts its demand from cost-sensitive end-user industries. This acts as a major growth restrain for polymer concrete producers to deal with.

✤ Major Opportunity: Emerging applications in the wind energy sector

With the growing emphasis on renewable energy sources, the wind energy industry has expanded rapidly in recent years. Polymer concrete has started gaining acceptance for its application in the manufacture of wind turbine blades, nacelles and towers. It offers key advantages over traditional materials such as composite strength and corrosion resistance under harsh environmental conditions like excessive moisture, chemical exposure and high winds. The increasing installations of offshore wind farms where polymer concrete can be a sustainable solution is anticipated to open new growth avenues for polymer concrete manufacturers going ahead.

✤ Major Trend: Rising focus on eco-friendly and sustainable products

There is a rising trend among construction players and end-users to shift towards using eco-friendly building materials. Polymer concrete satisfies this demand well since it releases minimal to no volatile organic compounds (VOCs) during mixing and curing. It also has improved durability implying lower life cycle costs and reduced environmental impact compared to regular Portland cement concrete. Polymer concrete producers are developing new product varieties with recycled content to further strengthen their sustainability credentials. This trend is expected to support the ongoing expansion of the global polymer concrete market.

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FAQ'S:

👉 What is the expected growth rate of the market for the forecast period of 2023-2030? What will the market size be in the anticipated time frame?

👉 What will the market size be in the anticipated time frame?

👉 What are the major factors influencing the Polymer Concrete market over the forecast period?

👉 What are the market leaders' winning strategies for establishing a significant presence in the Polymer Concrete industry?

👉 What are the major market trends influencing the growth of the Polymer Concrete market across the globe?

👉 What are the major threats and challenges that are likely to stymie the growth of the Polymer Concrete market? What are the most significant market opportunities?

👉 What are the most critical opportunities for market leaders to succeed and profit?

Table of Contents with Major Points:

1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2023-2030 (USD Billion)
1.2.1. Polymer Concrete Market, by Region, 2023-2030 (USD Billion)
1.2.2. Polymer Concrete Market, by Type, 2023-2030 (USD Billion)
1.2.3. Polymer Concrete Market, by Application, 2023-2030 (USD Billion)
1.2.4. Polymer Concrete Market, by Verticles, 2023-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

2. Global Polymer Concrete Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

3. Global Polymer Concrete Market Dynamics
3.1. Polymer Concrete Market Impact Analysis (2023-2030)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities

4. Global Polymer Concrete Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2023-2030)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

5. Global Polymer Concrete Market, by Type
5.1. Market Snapshot
5.2. Global Polymer Concrete Market by Type, Performance - Potential Analysis
5.3. Global Polymer Concrete Market Estimates & Forecasts by Type 2023-2030 (USD Billion)
5.4. Polymer Concrete Market, Sub-Segment Analysis

6. Global Polymer Concrete Market, by Application
6.1. Market Snapshot
6.2. Global Polymer Concrete Market by Application, Performance - Potential Analysis
6.3. Global Polymer Concrete Market Estimates & Forecasts by Application 2023-2030 (USD Billion)
6.4. Polymer Concrete Market, Sub-Segment Analysis
6.4.1. Others

7. Global Polymer Concrete Market, by Verticles
7.1. Market Snapshot
7.2. Global Polymer Concrete Market by Verticles, Performance - Potential Analysis
7.3. Global Polymer Concrete Market Estimates & Forecasts by Verticles 2023-2030 (USD Billion)
7.4. Polymer Concrete Market, Sub-Segment Analysis

8. Global Polymer Concrete Market, Regional Analysis
8.1. Polymer Concrete Market, Regional Market Snapshot
8.2. North America Polymer Concrete Market
8.3. Europe Polymer Concrete Market Snapshot
8.4. Asia-Pacific Polymer Concrete Market Snapshot
8.5. Latin America Polymer Concrete Market Snapshot
8.6. Rest of The World Polymer Concrete Market

9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Keyplayer1
9.2.1.1. Key InDurationation
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments

10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes

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