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  • Polymer Concrete Market Growth Analysis | 2023-2028

    Polymer Concrete Market Growth Analysis | 2023-2028

    Polymer Concrete Market Growth Analysis | 2023-2028
    Report code - SRAM557 Delivery - 2 Weeks
    Polymer Concrete Market Size, Share, Trend, Forecast & Industry Analysis: 2023-20 See more...

    Market Highlights

    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 in 2028.

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    What is Polymer Concrete?

    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

    The polymer concrete market is segmented as 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

    The market is segmented as 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

    The market is segmented as 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 polymer concrete market is segmented as 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

    In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing polymer concrete market during the forecast period, with 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

    Some of the major polymer concrete manufacturers are-

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

    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.

    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?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Polymer Concrete Market 

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Who are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Customization Options

    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.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com


    Frequently Asked Questions (FAQs)

    The Polymer Concrete Market is expected to grow at a CAGR of 7.6% during 2023-2028.

    BASF SE, Crown Polymers Corp., Dow Chemical Company, Dudick Inc., ErgonArmor, Fosroc International Ltd., Kwik Bond Polymers LLC, Mapei SpA, Sauereisen Inc., Sika AG, and others are among the key players in the polymer concrete market.

    The Polymer Concrete Market is estimated to reach US$ 827.95 million in 2028.

    Asia-Pacific is expected to be the largest polymer concrete market during the next five years.

    Containments are expected to remain the dominant application type in the polymer concrete market in the coming years.

    Epoxy is expected to remain the dominant resin type in the polymer concrete market in the coming years.

    Polymer-modified concrete is expected to remain dominant in the polymer concrete market during the next five years.