Polymer Concrete Market Analysis | 2023-2028

“The Polymer Concrete Market was estimated at US$ 532.01 million in 2022 and is expected to grow at a CAGR of 7.6% during 2023-2028 to reach US$ 827.95 million by 2028.”

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Market Dynamics

Introduction

Polymer concrete is a composite material made by mixing aggregates (such as sand, gravel, or crushed stone) with a polymer resin binder. Unlike traditional concrete, which uses Portland cement as the binder, polymer concrete replaces cement with a polymer resin, often epoxy, polyester, or vinyl ester.

Market Drivers

The polymer binder provides several advantages, including improved chemical resistance, greater durability, and enhanced mechanical properties. Polymer concrete is known for its high strength-to-weight ratio and excellent resistance to corrosion and environmental factors, making it suitable for various applications, such as industrial flooring, bridge overlays, and sewage systems. It is particularly favored in environments where traditional concrete may deteriorate due to exposure to harsh chemicals or moisture. Polymer concrete is a versatile and durable construction material with a wide range of uses in civil engineering and infrastructure projects.

Segments Analysis

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By Class Type

“Polymer-modified concrete dominates the market during the forecast period.”

The polymer concrete market is segmented into polymer-modified concrete, polymer resin concrete, and polymer-impregnated concrete. Polymer-modified concrete accounted for the largest share of the market and is expected to remain dominant during the forecast period. It has a similar processing method as conventional cement concrete and is cost-effective; hence, it is preferred in the industry.

By Resin Type

“Epoxy dominates the market during the forecast period.”

The market is segmented into epoxy, latex, acrylate, polyester, vinyl, furan, and others. Epoxy is expected to remain the dominant resin type in the market, as it offers superior adhesion, greater chemicals, fatigue, and creep resistance. Epoxy-based concretes are preferred in industrial flooring, exterior walls, highways, and resurfacing materials for the rehabilitation of weakened surfaces.

By Application Type

“Containments dominate the market during the forecast period.”

The market is segmented into containments, pump bases, waste containers, flooring blocks, trench drains, and others. Containments are expected to remain the dominant application segment of the market, with the growing industrialization in emerging economies of Asia-Pacific, Middle East, and Africa.

By End-Use Industry Type

“The infrastructure segment dominates the market during the forecast period.”

The polymer concrete market is segmented into infrastructures, residential, and non-residential. The infrastructure segment is expected to remain dominant in the market due to the repair and rehabilitation of historical structures to enhance lifespan.

Regional Analysis

“Asia-Pacific is estimated to be the largest as well as the fastest-growing polymer concrete market during the forecast period.”

The region’s flourishing manufacturing sector and increasing investment in residential and non-residential building & construction in China, Japan, and India. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.  

The following are the key players in the polymer concrete market (arranged alphabetically).

• BASF SE
• Crown Polymers Corp.
• Dow Chemical Company
• Dudick Inc.
• ErgonArmor
• Fosroc International Ltd.
• Kwik Bond Polymers LLC
• Mapei SpA
• Sauereisen Inc.
• Sika AG

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players and those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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