Due to enhanced characteristics such as quick drying, ability to create intricate patterns, and exceptional vibration dampening capabilities, polymer concrete has been witnessing surging industrial applications.
The global polymer concrete market is worth US$ 465 Mn as of now and slated to reach US$ 979.2 Mn 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 epoxy binder for hardening materials in construction vertical. The vital ingredients include gravel, water, and sand, which render it conducive to repair any of the concrete structures. Polymer concrete overpowers its counterparts with respect to 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 of forming complex shapes, fast curing properties.
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Polymer concrete finds its usage in an aplomb in various drainage applications. It makes way for precise finishing and precision molding, which, in turn, promulgates appropriate hydraulic flow. This ascertains exceptional rate of discharge of water from pipe. These advantages are actually 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 benefits (like less dissipation of energy) of polymer concrete, especially in the 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.
Competitive Landscape
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jan 27, 2023