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CHEMICALS AND ADVANCED MATERIALS

Polymer Concrete Market Segmentation by Type (Epoxy, Polyester, and Latex); by Application (Containments, Pump Bases, and Wastewater Containers); by End User (Industrial, Residential, and Commercial) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Polymer Concrete Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

·   December 12, 2019- BASF introduced the next generation of high-performance flooring system, named MasterTop XTC, which is formulated with an inorganic modified high-density cross- linking resin polymer providing an easy-to-clean floor.

Global Polymer Concrete Market Highlights 2022 – 2030

The global polymer concrete market is estimated to garner a sizeable revenue and grow at a CAGR of ~7% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing penetration of polymer concrete in the construction industry, and growing number of research and development activities to develop innovative construction materials. For instance, in May 2021, the United States alone spent about USD 750 billion for residential construction. Whereas, the spending in January of the same year was more than USD 730 billion. Along with these, rising awareness associated with the use of polymers in concrete as a result of their multifunctionality and high performance, is also a crucial factor expected to drive market growth in the years to come. Furthermore, surge in demand for chemical resistant construction materials from nuclear power plants, marine works and desalination plants, is projected to raise the demand for polymer concrete, offering ample growth opportunities to the market in the near future.

Polymer Concrete Market

The market is segmented by application into containments, pump bases, and wastewater containers, out of which, the containments segment is anticipated to hold the largest share in the global polymer concrete market on account of the growing rate of industrialization is predicted to give a boost to chemical manufacturing industries, which in turn is assessed to drive growth to this market segment by the end of 2030. Additionally, on the basis of type, the segment for epoxy is evaluated to grab the largest share over the forecast period owing to the high chemical resistance, exceptional adhesion, and appreciable fatigue resistance. In addition, epoxy-based resin is used in several applications such as exterior walls, industrial flooring and for resurfacing materials. This is also expected to boost the growth of the market segment in the future. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Refinery Catalyst

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Polymer Concrete Market Regional Synopsis

On the basis of geographical analysis, the global polymer concrete market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific is estimated to acquire the largest share over the forecast period on the back of the increasing consumer demand for polymer concrete, high population growth, and growing investments in building and construction activities in Southeast Asian countries. According to the World Bank, the population of China in 2020 was calculated to be 1.402 billion, up from 1.397 billion in 2019. Apart from these, high manufacturing throughput and availability of cheap labor are also anticipated to drive the region’s market growth in the near future. Moreover, the market in North America is also projected to grab a significant share during the forecast period in view of the rising infrastructural activities, rapid growth of industrial and commercial construction, and strong presence of prominent market players in the region.

The global polymer concrete market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

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

By Type

  • Epoxy
  • Polyester
  • Latex

By Application

  • Containments
  • Pump Bases
  • Wastewater Containers

By End User

  • Industrial
  • Residential
  • Commercial

Growth Drivers

  • Increasing Penetration of Polymer Concrete in the Construction Industry
  • Growing Number of Research and Development Activities to Develop Innovative Construction Materials

Challenges

  • Low Awareness About Polymer Concrete in Emerging Economies

Top Featured Companies Dominating the Market

  • Interplastic Corporation
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • BASF SE
  • ACO FUNKI A/C
  • Honeywell International, Inc.
  • SK global chemical Co. Ltd.
  • GS Caltex Corporation
  • COSMO ENERGY HOLDINGS Co. Ltd.
  • Fineway Inc.
  • Marathon Petroleum Corporation
  • Devson Catalyst Private Limited

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