Polymer Concrete Market

Polymer Concrete Market Size (2023-2028):

The polymer concrete market was worth USD 1,975.6 million in 2022, and it is estimated to reach USD 2,964.2 million by 2028, with a CAGR of 7.5% from 2023-2028

What is Polymer Concrete?

Polymer concrete is a compound that utilizes artificial organic polymer as a binder. Portland cement has been replaced by plastic resin concrete or artificial resin concrete that is then mixed with a hardening agent, sand, gravel, filler, or quartz powder. The chemical that is there in this material shows several different properties like high impact strength, high compressive strength, fast curing, high resistance to chemical attack, abrasion, and low permeability. The primary method of producing polymer concrete is by reducing the volume of voids in aggregates which would reduce the quantity of polymer needed for binding these aggregates. Binding is attained by accurately grading the total in order to maintain fewer voids and high density. The properties of polymer concrete are very much dependent on the type, amount, and wealth of polymers in the concrete being employed.

Drivers in the Polymer Concrete Market:

Fast urbanization majorly in the Asia Pacific has resulted in a steady expansion in the construction business which has subsequently driven the polymer concrete call. The construction business in the Asia Pacific is estimated to rise at a CAGR of 7.2% in the coming future which in turn will have a positive effect on the target market size by 2026, owing to its added features like long life and low maintenance expense. Polymer concrete is made by the composition of polymers by replacing the cement to escalate the binding power and longevity of concrete. Increasing construction activities in MEA is also one of the critical factors that are estimated to make a valuable contribution to the modified market size by 2026. Polymer Concrete has strong adhesive properties that make it a perfect solution for repairing both cement- and polymer-based cement. The polymer in this concrete makes it more durable when compared to its traditional counterpart. 

 Increasing awareness among individuals relating to the high performance of polymer concrete is the key trend seen in the polymer concrete market. The conventional forms of concrete suffer from poor insulating properties and high installation time. Polymer concrete shows high-performance features, like high impact resistance and high tensile strength that is resulting in its escalated adoption. The rising employment of polymeric material for repair and maintenance activities in the infrastructure segment drives the expansion of the global polymer concrete market. For instance, emergency repairs of airport runways are very disruptive for airport operations; fast-patch polymer concrete makes sure that the repair is done in a short time. It is employed in a range of applications, including nuclear power plants, kerbstones, roads, marine works, and the waterproofing of buildings.

 Restraints in the Polymer Concrete Market:

 Owing to the comparably high price of polymer concrete when compared with other materials, its end-use has been limited only to special requirements. Also, end-users prefer surface layer applications of polymer concrete over complete polymer concrete constructions owing to the high prices related to polymer concrete, and also due to the fact that the surface application serves the purpose of polymer concrete applications well. Also, specific kinds of plastics have been proven to be a cheaper substitute for polymer concrete. All these factors are hampering the market for polymer concrete across the world. 

 Opportunities in the Polymer Concrete Market:

One of the key opportunities in the global polymer concrete market is the rise of fiber-reinforced polymer concrete. The concrete is enhanced by the addition of carbon fibers for high-tensile strength. Therefore, the advancement of new forms of fiber polymer materials is estimated to create new opportunities for the expansion of the worldwide market.

 Challenges in the Polymer Concrete Market:

The high cost is estimated to be a significant challenge for the expansion of the global polymer concrete business
     
Polymer Concrete Market Segmentation:

On the basis of Type:

• Epoxy
• Polyester
• Vinyl ester
• Others.

Epoxy was the most massive market polymer concrete, attributed to its increased use in construction due to its superior shock resistance, high vibration resistance, excellent adhesion to concrete surfaces and metal grade., and others. Of all kinds on the market polymer concrete, polymer-modified concrete (PMC) has registered so far, the largest market share. This can be attributed to the cost advantage it offers to other classes because of its low polymer content.

On the basis of the Application:

• Containment
• Polymer concrete
• Waste containers
• Base pumps
• Apartment buildings
• Other draining trenches

The drainage ditch was the main category of applications in terms of size, attributed to the increasing need to repair drainage systems in urban and rural areas around the world.

On the basis of End-User:

• Civil infrastructure
• Non-residential structures
• Residential structures

Civil infrastructure has been the largest category, due to the increasing construction of canals, sewers, and other civic services around the world.

POLYMER CONCRETE MARKET REPORT COVERAGE:

Polymer Concrete Market geographical analysis:

Market Segmentation based on the Region:

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa

The fast increase in infrastructural activities on a global scale has been driving the call for specialized applications where polymer concrete could be employed; for example, residential and commercial applications. To explain this point, we can see the example of Asia Pacific, where there has been a high escalation in the call for sewerage pipes. The rising population has been necessitating the requirement for the upgrade of sewerage systems to higher capacities which is estimated to drive the call for polymer concrete products that in turn would drive the regional polymer concrete market in the coming future. Also, the construction of the latest roads, dams, bridges, and the upgrade of sewerage systems in countries like China and Latin American countries is estimated to show an excellent opportunity for the expansion of the polymer concrete business in these regions. In addition to that, in the Middle East, there has been high employment of polymer concrete in infrastructure building like in the construction of buildings, solid surface countertops in home interiors, roadways, bridges, pipes, tunnel liners, and other civic infrastructure. North America and Europe are other promising areas for the rapid expansion of the polymer concrete business in the coming years.

Polymer Concrete Market key players:

1. Sika AG (Switzerland)
2. MAPEI Corporation (Italy)
3. Sauereisen Inc. (USA)
4. Kwik Bond Polymers (USA)
5. Dudick Inc. (USA)
6. ErgonArmor (USA)
7. Crown Polymers Corp. (USA)
8. Cornerstone Construction Material (USA)
9. FORTE COMPOSITES, INC (USA).