Pune, India, Dec. 18, 2023 (GLOBE NEWSWIRE) -- The global polymer concrete market size was USD 611.2 million in 2022 and is anticipated to expand from USD 723.8 million in 2023 to USD 1,016.0 million by 2030, exhibiting a CAGR of 5.0% over the study period.
Polymer concrete combines a polymer resin matrix with aggregates such as crushed stone, sand, and gravel. The market expansion can be attributed to the escalating demand for long-lasting construction materials with an increase in public and private sector investments in infrastructure projects.
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List of Key Players Mentioned in the Polymer Concrete Market Report:
- Interplastic Corporation (U.S.)
- Dudick Inc. (U.S.)
- Forté Composites (U.S.)
- ULMA Architectural Solutions (Spain)
- BASF SE (Germany)
- Carborundum Universal Limited (CUMI) (India)
- Lidco Building Technologies (India)
- Kwik Bond Polymers (U.S.)
- ErgonArmor (U.S.)
- TPP Manufacturing Sdn Bhd (Malaysia)
Report Scope & Segmentation:
| Attributes | Details |
| Forecast Period | 2023-2030 |
| Forecast CAGR | 5.0 % |
| 2030 Value Projection | USD 1,016.0 Million |
| Market Size in 2022 | USD 611.2 Million |
| Historical Data | 2019-2021 |
| No. of Pages | 276 |
| Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends |
| Segments Covered |
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| Regions Covered |
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| Polymer Concrete Market Growth Drivers | The construction industry is increasingly emphasizing environmentally friendly and energy-efficient materials, and polymer concrete aligns well with these requirements. |
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Segmentation:
Polymer Resin Concrete Segment Held a Key Market Share Owing to Rising Usage in Various Applications
Based on type, the market for polymer concrete is subdivided into polymer resin concrete, polymer cement concrete, and polymer impregnated concrete. The polymer resin concrete segment registered a major market share. The segment growth can be credited to the increasing product deployment in numerous applications such as architectural elements, countertops, and high-strength applications.
Infrastructure Segment Holds Major Share Driven by Numerous Advantages Including Lower Maintenance Cost
By end-use industry, the market for polymer concrete is segregated into industrial, commercial, residential, and infrastructure. The infrastructure segment accounts for a key market share. This can be attributed to the various advantages including lower maintenance cost, escalated resistance to extreme environmental conditions, and durability.
Based on geography, the market for polymer concrete is segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Report Coverage:
The report provides an account of the major industry trends. It further delves into the key factors impelling the market expansion over the forthcoming years. The report presents an overview of the key strategies deployed by leading companies to strengthen their industry footing. It also presents an analysis of the market on the basis of numerous segments.
Drivers and Restraints:
Industry Value to Rise Due to Escalating Emphasis on Energy-Efficient Materials
The polymer concrete market growth is being propelled by the rising emphasis on energy-efficient and environmentally friendly materials. This is due to their various benefits such as larger lifespan, lower carbon footprint, and recyclability.
However, the high costs associated with polymer concrete may hinder industry expansion.
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Regional Insights:
Asia Pacific Registered Major Share Owing to Increasing Investments in Infrastructure Development
The Asia Pacific held a valuation of USD 265.6 million in 2022. The regional polymer concrete market share recorded a dominating position in the global market. The growth can be attributed to the growing investments in infrastructure development in countries such as India, China, and Southeast Asian nations.
The North America market expansion is being driven by numerous factors. These include expanding infrastructure projects and the growing demand for sustainable construction materials.
Competitive Landscape:
Companies Provide a Range of Products to Strengthen Market Position
Key industry players offer various products for numerous applications. Companies are also establishing robust distribution networks and setting up extensive regional presence. These steps are being undertaken to strengthen their market positions.
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Detailed Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends – For Major Regions
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenario
- Porter’s Five Forces Analysis
- Qualitative Insights – Impact of COVID-19 on Global Polymer Concrete Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
TOC Continued…!
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Key Industry Development:
- April 2022: Tnemec Company, Inc completed the acquisition of LavaCrete with an agreement with St. Louis-based ProPolymer Coatings. The acquisition has helped the company in the expansion of its product portfolio.
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