[Online Quarterly Update] Global polymer concrete demand is projected to grow at a healthy CAGR of 6.54%. Polymer concrete is a type of concrete which contains polymers instead of lime cement as binder. Polymer concrete is a typical composite material where the constituents such as hardening agent, gravel, sand, filter, quartz powder etc. are bind in the polymer matrix of the composite material. Based on polymer type, polymer concrete can be classified into epoxy, vinyl ester, polyester, methyl methacrylate, and others. Polymer concrete offers several advantages over conventional concrete and has properties such as moisture resistivity, adhesion, thermal stability, mechanical strength, and heat resistance. Due to these properties, polymer concrete finds application in various areas such as asphalt pavement, building and maintenance, industrial tanks, drainage systems, and others. Rapid urbanization coupled with the increasing need for chemical and environment resistant construction material and adoption of new construction techniques is expected to drive the demand of polymer concrete for the forecast period. Additionally, government programmes such ‘Smart Cities’ in India is projected to further the demand for the forecast period. Higher cost of polymer concrete and less awareness about polymer concrete in emerging economies is expected to hinder the demand growth.
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries. Construction industry was one of the most affected industries by the coronavirus pandemic due to shut down of operations worldwide. This negatively affected the demand of polymer concrete for the first half of 2020. Region wise, Asia Pacific region holds the major share of global demand for polymer concrete due to the burgeoning construction industry in emerging economies like China and India. Continuous revamping of infrastructure in disaster prone countries like Japan is also an influencing factor for demand growth in Asia Pacific.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study:
•To assess the demand-supply scenario of polymer concrete which covers production, demand and supply of polymer concrete market globally.
•To analyse and forecast the market size of polymer concrete .
•To classify and forecast global polymer concrete market based on fiber, technology, end-use and regional distribution.
•To identify drivers and challenges for global polymer concrete market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global polymer concrete market.
•To identify and analyse the profile of leading players involved in the manufacturing of polymer concrete.
Major players for polymer concrete globally include Aco Funki A/S, ULMA Architectural Solutions, Arizona Polymer Flooring Inc., TPP Manufacturing SDN BHD, BASF SE, Polycare, Dudick Inc., Metro Cast Corporation, Forte Composites Inc., Kwik Bond Polymers, Interplastic Corporation.
To extract data for global polymer concrete market, primary research surveys were conducted with polymer concrete manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global polymer concrete market over the coming years.
ChemAnalyst calculated polymer concrete demand globally by analyzing the historical data and demand forecast which was carried out considering imported polymer concrete , styrene prices, monomers used for production of polymer concrete . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• polymer concrete manufacturers and other stakeholders
•Organizations, forums and alliances related to polymer concrete distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as polymer concrete manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, global polymer concrete market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Application
Asphalt Pavement, Building and Maintenance, Industrial Tanks, Drainage Systems, and Others.
Market, by Type
Epoxy, Vinyl Ester, Polyester, Methyl Methacrylate, and Others.
Market, by Sales Channel
Direct Company Sale, Direct Import, Distributors & Traders, Retailers
Market, by Region
North America, APAC, Europe, MEA, South America
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