NEWARK, Del, April 22, 2024 (GLOBE NEWSWIRE) -- The polymer concrete market is expected to be valued at US$ 541.4 million by 2024. The market valuation is estimated to be US$ 1,518 million by 2034, projected at a CAGR of 7.9%.
Demand for polymer concrete stems from its superior properties, including high strength, durability, chemical resistance, and low permeability. Such attributes make it an ideal choice for various applications such as transportation infrastructure, industrial flooring, and wastewater management.
The surge in infrastructure development activities, especially in emerging economies, is boosting the demand for polymer concrete solutions. The rise in focus on sustainable construction practices and the need for environmentally friendly building materials further propel market demand.
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Despite its advantages, polymer concrete faces challenges such as higher initial costs than traditional materials. The upfront investment required for polymer concrete installation may deter some buyers, particularly in cost-sensitive markets.
Limited awareness and education among contractors, engineers, and project owners about the benefits and applications of polymer concrete hinder its widespread adoption.
Expanding into niche segments such as sustainable construction and green building practices also presents opportunities for manufacturers to differentiate their offerings and capture market share.
With increasing awareness of environmental issues and regulations promoting green building practices, there is a growing demand for polymer concrete solutions that offer reduced environmental impact and improved lifecycle performance.
Technological advancements in polymer formulations, manufacturing processes, and installation methods are also driving market trends, enabling innovative and high-performance polymer concrete solutions tailored to meet evolving industry needs.
“The augmenting demand for durable and sustainable construction materials depicts a boom in infrastructure development activities worldwide, particularly in emerging economies, automatically raising a need for construction materials that offer superior performance, longevity, and environmental benefits, thus pushing the polymer concrete market” - says Nikhil Kaitwade, Associate Vice President at Future Market Insights, Inc.
Key Takeaways from the Market Study:
- Based on material type, the epoxy-based is accounted to hold a market share of 30.1% in 2024.
- The United States is expected to register at a CAGR of 4.4% by 2034.
- The United Kingdom registers significant growth, projected at a CAGR of 3.1% by 2034.
- Based on the end-user, the residential and municipal segment is accounted to hold a market share of 47.6% in 2024.
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Scope of the Report:
| Attributes | Details | |
| Estimated Market Size in 2024 | US$ 541.4 million | |
| Projected Market Valuation in 2034 | US$ 1,158 million | |
| Value-based CAGR 2024 to 2034 | 7.9% | |
| Forecast Period | 2024 to 2034 | |
| Historical Data Available for | 2018 to 2023 | |
| Market Analysis | Value in US$ million | |
| Key Regions Covered |
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| Key Market Segments Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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Competitive Landscape:
Key strategies include innovation in formulations, customization options, and strategic partnerships. Technological advancements, regulatory compliance, and pricing strategies drive competition, shaping the market dynamics.
Some of the key developments are
In January 2022, WACKER inaugurated a Moscow Laboratory focusing on cement and concrete additives as part of its Innovation Hub for Cement and Concrete. The lab aimed to enhance moisture protection for cement and concrete materials during storage and application.
In September 2023, Dow introduced low-carbon, bio-based, and circular propylene glycol solutions in Europe, emphasizing sustainability and reducing environmental impact.
More Valuable Insights Available:
Future Market Insights offers an unbiased global polymer concrete market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034
To understand market opportunities, the polymer concrete market is segmented based on Material Type (Polyester, Vinyl Ester, Epoxy Based, Others), Resin Type (Natural Resin, Synthetic Resin), Application (Solid Surface, Countertops, Outdoor Seats & Benches, Waste Containers, Pump Bases, Flooring Blocks, Chemical Containments, Trench Drains, Others), End Use [Industrial (Energy & Utilities, Pulp & Paper, Chemicals, Metallurgy, Food Processing, Automotive, Other Industrial), Residential & Municipal (Buildings, Roadways, Pipes & Tunnel Liners, Bridges, Others), Commercial (Service Stations, Retail Spaces, Other Commercial Establishments)], and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East and Africa).
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Polymer Concrete Market Segmentation:
By Material Type:
- Polyester
- Vinyl Ester
- Epoxy Based
- Others
By Resin Type:
- 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 Use:
- Industrial
- Energy & Utilities
- Pulp & Paper
- Chemicals
- Metallurgy
- Food Processing
- Automotive
- Other Industrial
- Residential & Municipal
- Buildings
- Roadways
- Pipes & Tunnel Liners
- Bridges
- Others
- Commercial
- Service Stations
- Retail Spaces
- Other Commercial Establishments
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and the Pacific
- East Asia
- The Middle East and Africa
Authored By:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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