Polymer Concrete Market Size & Share, by Application (Infrastructure, Residential, Non-Residential); End-user (Construction, Transportation, Chemical Industries) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3431
  • Published Date: Feb 08, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 – 2035

Polymer Concrete Market size is expected to cross USD 30 billion by the end of 2035, witnessing around 8% CAGR during the forecast period i.e., 2023 – 2035. In the year 2022, the industry size of polymer concrete was around USD 12 billion. The growth of this market can be ascribed on the account of growing demand for long-term usable and low-permeability of polymer concrete that are allowed for swimming pools, and other formations which contain corrosive chemicals.

However, polymer concrete offers a wide range of benefits as compared to the old cement-based concrete such as chemical resistance, durability, more strength, and less permeability. All these properties of polymer concrete make it appropriate for usage in the construction sector for various purposes such as infrastructure repair, precast products, drainage systems, industrial flooring, and waste containers.


Polymer Concrete Market
Get more information on this report: Request Free Sample PDF


Polymer Concrete Market: Key Insights

Base Year

2022

Forecast Year

2023 – 2035 

CAGR

~8%

Base Year Market Size (2022)

~USD 12 billion

Forecast Year Market Size (2035)

~USD 30 billion

Regional Synopsis

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Polymer Concrete Sector: Growth Driver and Challenges

Market-Growth-Drivers

Growth Drivers

  • High Emphasis on Sustainability – Polymer concrete at times is considered one of the most sustainable options in comparison with traditional cement-based concrete owing to its reduced environmental impact, longer lifespan, and lower maintenance requirements.
  • High Demand for Lightweight Materials in End-Use Industries – The growing demand for strong and lightweight advanced materials in end-user industries such as aerospace, automotive, marine, and others is expected to boost the polymer concrete market expansion in the estimated period. Multiple industries use polymer concrete owing to its wide range of abilities such as lightweight, high durability, resistance to chemicals, and others.
  • Rising Advancement in Sewage Systems – Exponentially growing infrastructural development globally is giving rise to specific applications that demand polymer concrete for industrial purposes. Such as in the Asia Pacific region there has been extensively high demand for sewage pipes. Polymer concrete is used in projects containing liquid and chemicals disturbing the infrastructure due to its great curing ability and high strength.  As per studies, a day of curing polymer concrete at room temperature can raise its strength to 70%.
  • Increasing Economy Leads to the Development of Smart Cities - Growing economies will lead to the creation of smart cities in several nations, which will boost demand for the polymer concrete industry even more.  

Challenges

  • Cost Management Issues – Managing costs is a significant challenge in construction projects. Factors such as labor costs, fluctuating raw material costs, and unexpected expenses might impact negatively the project budget. In addition, disorganization in project planning, procurement, and project execution might lead to cost overruns.
  • Lack of Skilled Labor
  • Delays and Disruptions in Projects


Polymer Concrete Segmentation

Application (Infrastructure, Residential, Non-Residential)

The residential segment is estimated to observe the largest CAGR by the end of 2035, it held a share of 45% in the year 2022. Nowadays builders and promoters are looking for materials that require very less maintenance and offer high strength & durability. The polymer concrete fulfills all these criteria, as it has enhanced strength and offers resistance to all environmental factors. It can be utilized in residential applications such as countertops, and decorative elements offering long-lasting and less maintenance solutions.

End Use Industry (Construction, Transportation, Chemical Industries)

The construction segment is assumed to dominate the global market between the time period 2023 – 2035. The growth of this market can be ascribed on account of growing urbanization and a surge in population. Moreover, the rise in global population and increasing urbanization has resulted in a rise in construction projects. Within this industry, polymer concrete is extensively used for various purposes through construction equipment such as flooring, facades, foundation, and architectural elements. By 2050 an estimated 68% global population will reside in urban areas reported as by United Nations.

Our in-depth analysis of the global market includes the following segments:

 

     Application

 

  • Infrastructure
  •  Residential
  • Non-Residential

 

     End User

  • Construction
  •  Transportation
  • Chemical Industries

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Polymer Concrete Industry – Regional Synopsis

Asia Pacific Market Forecasts

The polymer concrete market in the Asia Pacific region held a market share of 37% in the year 2019. Further, the market is expected to become the largest growing regional market in the projected period. The government's actions and investments are responsible for regional growth. To boost economic growth, increase connectivity, and improve quality of life, governments around the Asia Pacific region have begun putting plans into action and making investments in infrastructure development. For instance, programs like the Smart Cities Mission in India and the Belt and Road Initiative in China have sparked major building activity, opening up the potential for the usage of polymer concrete.

North America Market Statistics

In the North American region, the polymer concrete market is predicted to grow substantially by the end of the projected time period. The transportation industry is growing in the North America region, which leads to the surging demand for polymer concrete for deteriorating Portland cement concrete structures. In addition, the development of parking lots, airports, and surface roads is also expected to contribute to the market’s growth in the region. As per a recent survey, there are nearly 650 million parking spaces on the low end and 2 billion parking spaces on the high end in the United States.

Research Nester
Polymer Concrete Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Polymer Concrete Landscape

top-features-companies
    • BASF SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
    • Sika AG
    • Forte Composites, Inc.
    • ACO Group
    • Bechtel Corporation
    • Wacker Chemie AG
    • Fosroc International Limited
    • Bouygues Construction
    • ErgonArmor (Ergon, Inc.)
    • H. Harris & Sons, Inc.

In-the-news

In The News

  • BASF SE: In 2020, BASF SE announced its plans to expand its production capacity for concrete admixtures in the Asia Pacific region, including India and Indonesia. This expansion aimed to meet the growing demand for high-performance concrete solutions in the region and strengthen BASF’s presence in the market.
  • Sika AG: In 2020, Sika completed the acquisition of Adeplast, a leading manufacturer of mortars and thermal insulation solutions in Romania. This acquisition aimed to strengthen Sika’s position in the Romanian construction market and expand its product portfolio in the region.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 3431
  • Published Date: Feb 08, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising demand in the construction sector and a high emphasis on sustainability are some of the major factors anticipated to drive the growth of the polymer concrete market.

The market is anticipated to attain a CAGR of ~8% over the forecast period, i.e., 2023 – 2035.

The major players in the market are BASF SE, Sika AG, Forte Composites, Inc., ACO Group, Bechtel Corporation, Wacker Chemie AG, Fosroc International Limited, Bouygues Construction, ErgonArmor (Ergon, Inc.), H.Harris & Sons, Inc., and others.

Vinyl acetate is one of the most malleable polymers used to alter concrete for cementitious toppings. This, together with its inherent water resistance, renders it a superb choice for the exterior in climates with severe freeze-thaw cycles.

The market is segmented by the end user, application, and by region.
Polymer Concrete Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying