Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) -- The "Polymer Concrete Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)" report has been added to ResearchAndMarkets.com's offering.
The global Polymer Concrete Market is expected to experience a significant upswing, with projections indicating substantial growth by 2031. In light of a spate of new construction projects and burgeoning applications across various industries, analysts predict the market value to surpass US$ 870 million within the next decade.
Polymer concrete, a modified composite material known for its enhanced properties over traditional concrete, is seeing an uptick in demand due to its improved durability, strength, and impermeability. Its qualities make it especially suited for large-scale construction efforts where long-term infrastructure integrity is paramount. Notably, the market share for polymer concrete is anticipated to leap from a current 0.1% to an impressive 1% by 2031, signaling a sizeable shift in industry preferences.
Key Market Dynamics Bolstering Growth
The lucrative expansion of the Polymer Concrete Market hinges primarily on the material's exceptional traits, such as advanced durability and minimal permeability, which are crucial for diverse construction endeavors. Notably, the upgrade and repair of sewage systems are propelling market growth, particularly in East Asia and South Asia Pacific regions, where strengths like quick curing prove invaluable.
Industrial sectors, including chemical, energy utilities, and pulp & paper, are increasingly employing polymer concrete for its vibration dampening properties and adaptability, utilizing it for waste containers and industrial flooring applications. However, the material's higher cost compared to traditional concrete poses a challenge to widespread adoption.
Analysis by Region
- Growth Trends in China's Polymer Concrete Market: Recent setbacks notwithstanding, China's construction industry shows promise as a fertile ground for polymer concrete expansion despite short-term demand fluctuations.
- India's Infrastructure and Polymer Concrete Demand: India’s government focus on infrastructure presents significant opportunities for the polymer concrete market, particularly within the nation's burgeoning urban development projects.
Competitive Landscape
The market features consolidation tendencies, with key players shaping the industry dynamics. These leading companies boast extensive portfolios and a strong market presence. They continuously innovate and adapt to meet evolving industry requirements across applications such as solid surface countertops, outdoor seating, pump bases, and more.
Market Segmentation
Polymer Concrete Market analysis covers various segments including material types such as Polyester, Vinyl Ester, and Epoxy-based; binding agents categorized into natural and synthetic resins; and diverse applications from industrial components to municipal infrastructure.
End-use sectors extensively employing polymer concrete span from industrial, where it's used in energy and utility projects, to residential and municipal applications like roadways and bridges. The commercial potential for the product extends to service stations, retail spaces, and other areas necessitating durable and reliable construction materials.
Regionally, the study encapsulates data from key areas including North America, Latin America, Western and Eastern Europe, APEJ, Japan, and MEA, presenting a comprehensive geographical analysis of the polymer concrete market.
This new estimation report on the Polymer Concrete Market is a crucial resource for stakeholders and investors aiming to navigate the market's growth trajectory, market dynamics, and competitive landscape through the forecast period until 2031.
For further insights into the Polymer Concrete Market, including in-depth evaluations of emerging trends, high growth potential sectors, and detailed competitive analyses, interested parties are encouraged to explore the full report.
A selection of companies mentioned in this report includes
- BASF SE
- Sika AG
- Wacker Chemie AG
- Dudick Inc.
- 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.
For more information about this report visit https://www.researchandmarkets.com/r/ji7poq
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