The polymer concrete market was estimated at US$ 517.4 million in 2016 and is expected to reach US$ 741.9 million by 2023 at an annual growth rate of 7.5% during the forecast period. Polymeric concrete is used in several applications. It is having applications in nuclear power plants, marine plants, industrial warehouses, storage water, sewage, building insulation, industrial plants, prefabricated building components, bridge drainage systems, linear drainage systems, electrolysis metallic and non-ferrous metals in transport.
Reinforced infrastructure activities are the main drivers of demand for polymer concrete. In addition, due to its particular superior properties, the need for high strength, and durability and manoeuvrability materials is increasingly becoming one of the critical factors in the use of concrete to protect the environment.
Market Drivers and Restraints:
The growing demand for weather-resistant building materials is expected to drive the growth of the polymer concrete market in developed and developing countries in the coming years. The advent of polymer concrete embedded with fibers, glass, boron, carbon and others will create growth opportunity for the business. The high cost of polymer concrete is expected to hamper the market growth. Therefore, polymer concrete cannot be used in applications that require low energy consumption and less labor.
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Report segmented as
- Pump Bases,
- Wastewater Containers
By End-Use Industries:
- Non-Residential Structures
Based on the county, the global polymer concrete market is segmented into Asia Pacific, North America, Europe, Latin America, and Middle East and Africa. The Asia Pacific region is expected to witness prominent growth in the coming years, followed by North America and Europe.
Important Market Players:
Sika AG (Switzerland), MAPEI Corporation (Italy) and Fosroc are among the foremost players in the global concrete polymer market. Inc. (United Kingdom), Sauereisen Inc. (USA), Kwik Bond Polymers (USA), Dudick Inc. (USA), ErgonArmor (USA), Crown Polymers Corp. (USA), Cornerstone Construction Material (USA) and Forte Composites, Inc (USA).
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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