It is anticipated that the global polymer concrete market would be driven by its increasing use in industrial settings for various applications such as trench drains, pump bases, industrial floors, trash bins, and chemical contaminants.
The global polymer concrete market is worth US$ 465 Million as of now and is slated to reach US$ 979.2 Million 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 an epoxy binder for hardening materials in the construction vertical.
The vital ingredients include gravel, water, and sand, which render it conducive to repairing any of the concrete structures. Polymer concrete overpowers its counterparts concerning 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 to form complex shapes and fast-curing properties.
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Polymer concrete finds its usage in aplomb in various drainage applications. It makes way for precise finishing and precision molding, which, in turn, promulgates appropriate hydraulic flow. This ascertains an exceptional rate of discharge of water from the pipe. These advantages are 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 the benefits (like less dissipation of energy) of polymer concrete, especially in 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
“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.
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Competitive Landscape
Polymer Concrete Market Outlook by Category
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Polymer Emulsion Market: According to the latest market survey conducted by Future Market Insights, the global Polymer Emulsion market is relishing a market valuation of US$ 23,867.2 Mn in 2022, and all are set to expand with a CAGR of 6.1% during 2022 – 2032 period.
Construction Polymer Market: The global construction polymer market will garner a market valuation of US$ 229,076 Mn in 2022 and is predicted to expand at a CAGR of 6.8% and reach a net worth of US$ 298,384 Mn by the end of 2026.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce, headquartered in Delaware, USA. As a recipient of the Clutch Leaders Award 2022 for a high client score (
Apr 03, 2023