Construction Sector to Boost the Polymer Concrete Market Attain a Revenue of US$ 979.2 Mn at a CAGR of 7.7% between the Forecast Period of 2022-32 | Analysis by Future Market Insights, Inc.

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Oct 21, 2022, 10:00 ET

U.S. Polymer Concrete Market is projected to exhibit growth at a CAGR of 18.7% in the next decade and create an absolute dollar opportunity of around US$ 86.95 Mn. Demand for Polymer Cement Made of Vinyl Ester to Push Growth by 2032.

NEWARK, Del., Oct. 21, 2022 /PRNewswire/ -- The global polymer concrete market is worth US$ 465 Mn as of now and slated to reach US$ 979.2 Mn by the year 2032 at a CAGR of 7.7% between 2022 and 2032.

Polymer concrete comes across as a composite material using thermoplastic polymers with epoxy binder for hardening materials in construction vertical. The vital ingredients include gravel, water, and sand, which render it conducive to repair any of the concrete structures. Polymer concrete overpowers its counterparts with respect to impact strength. The prime end-users comprise industrial, municipal & residential, and commercial sectors.

An ever-increasing demand for polymer concrete in pump bases, chemical containments, waste containers, trench drains, and industrial flooring blocks is expected to take the polymer concrete market by storm going forward. This could be attributed to its ability of forming complex shapes, fast curing properties.

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Polymer concrete finds its usage in an aplomb in various drainage applications. It makes way for precise finishing and precision molding, which, in turn, promulgates appropriate hydraulic flow. This ascertains exceptional rate of discharge of water from pipe. These advantages are actually expected to drive demand for polymer concrete across a multitude of applications.

At the same time, the fact that polymer concrete is costlier than its counterparts cannot be ignored. Special kinds of plastics are being used as an alternative to polymer concrete. Also, there is a visible lack of awareness regarding benefits (like less dissipation of energy) of polymer concrete, especially in the developing economies. These factors would certainly restrain the polymer concrete market in the forecast period. Future Market Insights has entailed these findings with future perspectives in its latest market study entitled 'Polymer Concrete Market'.

Key Takeaways from Polymer Concrete Market

North America holds the largest market share due to the US being subject to expansion of construction vertical. Research states that this sector alone has a headcount of 7 Mn employees. Novel bridges are being constructed in Beaver, Clinton, Clearfield.
Europe stands second on this count and the scenario is expected to remain unchanged even going forward.
The Asia-Pacific is expected to grow at the fastest rate in the polymer concrete market due to construction sector witnessing a boom.

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"With construction sector in its full fervor, the global polymer concrete market is bound to witness grandeur in the upcoming period", says an analyst from Future Market Insights.

Competitive Landscape

WACKER's, in January 2022, unveiled Moscow Laboratory pertaining to cement and concrete additives. This laboratory is a part of WACKER's new-fangled Innovation Hub for cement and concrete. Its major objective is that of rendering protection to cement and concrete from moisture – during storage as well as post-application.
Kwik Bond polyester concrete overlays do provide a 3-decade old solution, with unparalleled preservation and a 2-hour traffic return in various conditions.
Forte Composites manufactures pre-cast polymer concrete and also partners with its clientele for evaluating products made out of wood, fiberglass, or metal and identifying product improvements via usage of polymer concrete.
Dudick Inc. provides trowel applied, 3-component polymer concrete, which has been designed for diluting acids, solvents, alkali, and various other corrosive chemicals.
Braskem, in October 2019, introduced a recycled polypropylene product comprising one-time usable polypropylene string. After being processed and tested, string does give out pellets of homopolymer polypropylene (sustainability-oriented) that could be used in industrial sector.

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What does the Report Cover?

Future Market Insights offers an exclusive perspective and various real-time insights on the polymer concrete market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
The research study is based on material type (polyester, vinyl ester, epoxy based, and others), by binding agent (natural resin and synthetic resin), by application (solid surface countertops, outdoor seats & benches, waste containers, pump bases, flooring blocks, chemical containments, trench drains, and others), and by end-use (industrial (energy & utilities, pulp & paper, chemicals, metallurgy, food processing, automotive, and other industrial), residential & municipal (buildings, roadways, pipes & tunnel liners, bridges, and others), and commercial (service stations, retail spaces, and other commercial establishments).

Polymer Concrete Market Outlook by Category

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

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Material Type Mapping

2.4. Material Type and Material Type Heat Mapping

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

Explore FMI's Extensive Coverage on Chemicals & Materials Domain:

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Polymer Processing Aid (PPA) Market Size : The market players in Polymer Processing Aid market are Daikin, Wells Plastic Ltd., Kynar, Mitsui Chemicals America Ltd., A Schulman, Ampacet

Polymer Emulsion Market Demand : In North America, the U.S. dominated the global polymer emulsion market. Rapid growth in automotive industry coupled with construction sector in the Latin American region will favour the polymer emulsion market growth by the end of 2025.

Polymer Coated Fabrics Market Analysis : The global polymer coated fabrics market size is set to be valued at around US$ 20,733.90 Mn in 2022 and is anticipated to progress at a healthy CAGR of 5.1% from 2022 to 2032. The market is projected to reach US$ 34,096.4 Mn by 2032.

Conductive Polymer Coatings Market Forecast : The conductive polymer coatings market is predicted to grow at an impressive pace with a CAGR of 9.3% during 2022-2032.

About Future Market Insights, Inc.

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SOURCE Future Market Insights