Polymer concrete market

Polymer Concrete Market, by Material Type (Polyester, Vinyl Ester, Epoxy Based, Others), by Binding Agent (Natural Resin, Synthetic Resin), by Application (Solid Surface Countertops, Outdoor Seats & Benches, Waste Containers, Pump Bases, Flooring Blocks, Chemical Containments, Trench Drains, Others), by End User (Industrial (Energy & Utilities, Pulp & Paper, Chemicals, Metallurgy, Food Processing, Automotive, Others), Residential & Municipal (Buildings, Roadways, Pipes & Tunnel Liners, Bridges, Others), Commercial (Service Stations, Retail Spaces, Other Establishments)), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Aug 2022
CMI3386
120 Pages
Excel & Pdf
Advanced Materials

Summary

Polymer concrete is categorized under composite materials that use thermoplastic polymers with an epoxy binder to harden materials in the construction industry. It has water, gravel, and sand as an important ingredient which makes it suitable for the repair of any concrete structure. Polymer concrete has higher compressive and impact strength as compared to other types of concretes used in the construction industry. They can be classified into vinyl ester, polyester, epoxy-based & others. Some of the major end-users of polymer concrete are industrial, residential & municipal, and commercial Sectors.

Global polymer concrete market was valued at US$ 686.8 Million in 2021 in terms of revenue, exhibiting a CAGR of 7.6% during the forecast period (2022 to 2030).

Drivers

Growing demand for polymer concrete in new applications is being driven by its improved properties such as the ability to form complex shapes, brilliant vibration damping, and rapid curing properties, which is fueling the market growth of polymer concrete. Polymer concrete is widely used across applications such as pump bases, waste containers, chemical containments, industrial flooring blocks, and trench drains. The aforementioned factors are projected to propel the market growth of polymer concrete over the forecast period.

Polymer concrete market is estimated to grow as it is used more frequently in drainage applications. Polymer concrete offers precision molding and precise finishing, which promotes efficient hydraulic flow, to ensure superior discharge rates of water from the pipe. The aforementioned advantages are projected to fuel demand for polymer concrete across municipal applications. Therefore, rising applications of polymer concrete across the construction industry are expected to augment the market growth.

The COVID- 19 outbreak had a considerable impact on the overall industry growth on account of the shutdown of various manufacturing & industrial facilities along with delays in several infrastructural development projects. However, government relaxations on imposed lockdowns, followed by the resumption of industries and operations have augmented the market growth. Moreover, polymer concrete will experience a surge in demand owing to the expansion of infrastructural buildings and rising construction industry across residential & commercial establishments.

Among region, Europe dominated the global polymer concrete market in 2021, reporting 31.1% market share in terms of revenue, followed by North America and Asia Pacific, respectively.

Figure 1. Global Polymer Concrete Market Value Share (%), By Region, 2021

Market Restraints

The high cost of polymer concrete compared to other materials is restricting its application across special needs. This factor is expected to hamper the market growth of polymer concrete over the forecast period. Also, rising usage of a special type of plastics as a cheaper alternative to polymer concrete that offer the same properties as polymer concrete is further anticipated to hinder the market growth over the forecast period.

Lack of awareness regarding the numerous advantages of polymer concrete is expected to impact the market growth of polymer concrete to some extent. Moreover, polymer concrete can be used across an application where there is less consumption of energy and less manpower. This factor is also projected to restrict the market growth of polymer concrete over the forecast period.

Polymer Concrete Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2021:	US$ 686.8 Mn
Historical Data for:	2017-2020	Estimated Year:	2022
Forecast Period 2022 to 2030 CAGR:	7.6%	Forecast Period:	2022-2030
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East: GCC Countries, Israel, and Rest of Middle East Africa: South Africa, North Africa, and Central Africa
Segments covered:	By Material Type: Polyester, Vinyl Ester, Epoxy Based, Others By Binding Agent: Natural Resin, Synthetic Resin By Application: Solid Surface Countertops, Outdoor Seats & Benches, Waste Containers, Pump Bases, Flooring Blocks, Chemical Containments, Trench Drains, Others By End User: Industrial, Residential & Municipal, Commercial
Companies covered:	BASF SE, Sika AG, Wacker Chemie AG, Dudick Inc., ACO Group, Kwik Bond Polymers LLC, Sauereisen Inc., Hubbell Power Systems Inc., Forte Composites, Inc., Ulma - Architectural Solutions, and Sandmix
Growth Drivers:	Growing demand for polymer concrete in new applications Increasing application of polymer concrete across the drainage application
Restraints & Challenges:	Lack of awareness regarding the numerous advantages of polymer concrete

Market Opportunities

Rising usage of polyester & vinyl ester-based materials in the polymer concrete is projected to serve significant opportunity over the forecast period. Polymer concrete refers to the use of a polymer such as epoxy, polyester or vinyl ester materials for coating, supplement or cement replacement that enhances mechanical and durability properties of concrete. Since epoxy-based materials are comparatively more expensive than polyester & vinyl ester-based materials, for this reason, manufacturers mostly prefer polyester & vinyl ester-based materials for the production of polymer concrete. This factor is expected to propel the market growth of polymer concrete over the forecast period.

Growing number of research and development initiatives by key players in order to enhance the technical properties of polymer concrete such as compressive and flexural strength, is projected to open a opportunity in market of polymer concrete. Moreover, some new research also suggests that polymer concrete with enhanced mechanical behaviour could be produced by using polyesters. As polyester products are claimed to offer low volume shrinkage, and thus are suitable for manufacturing of polymer concrete.

Figure 2. Global Polymer Concrete Market Value Share (%), By Material Type, 2021

On the basis of material type, in 2021, polyester accounted for the largest market share of 27.9% in terms of revenue, followed by vinyl ester and epoxy based polymer.

Recent Developments

In January 2022, WACKER’s, a German based chemical company opened Moscow Laboratory for cement and concrete additives. The Moscow Laboratory is part of WACKER’s new Innovation Hub for Cement and Concrete. The laboratory facility's main objective is to better protect cement and concrete materials from moisture, both during storage and after application.

Competitive Section

Major players operating in the global polymer concrete market include BASF SE, Sika AG, Wacker Chemie AG, Dudick Inc., ACO Group, Kwik Bond Polymers LLC, Sauereisen Inc., Hubbell Power Systems Inc., Forte Composites, Inc., Ulma - Architectural Solutions, and Sandmix.

Table of Content

Table of Contents

* Browse 50 market data tables* and 40 figures* on “Global Polymer Concrete Market” - forecast to 2030.

Segmentation

Detailed Segmentation:

Global Polymer Concrete Market, By Material Type:

Polyester
Vinyl Ester
Epoxy Based
Others

Global Polymer Concrete Market, By Binding Agent :

Natural Resin
Synthetic Resin

Global Polymer Concrete Market, By Application:

Global Polymer Concrete Market, By End User:

Industrial
Residential & Municipal
Commercial

Global Polymer Concrete Market, By Region:
- North America
  - By Material Type:
    - Polyester
    - Vinyl Ester
    - Epoxy Based
    - Others
  - By Binding Agent :
    - Natural Resin
    - Synthetic Resin
  - By Application:
    - Solid Surface Countertops
    - Outdoor Seats & Benches
    - Waste Containers
    - Pump Bases
    - Flooring Blocks
    - Chemical Containments
    - Trench Drains
    - Others
  - By End User:
    - Industrial
    - Residential & Municipal
    - Commercial
  - By Country:
    - U.S.
    - Canada
- Latin America
  - By Material Type:
    - Polyester
    - Vinyl Ester
    - Epoxy Based
    - Others
  - By Binding Agent :
    - Natural Resin
    - Synthetic Resin
  - By Application:
    - Solid Surface Countertops
    - Outdoor Seats & Benches
    - Waste Containers
    - Pump Bases
    - Flooring Blocks
    - Chemical Containments
    - Trench Drains
    - Others
  - By End User:
    - Industrial
    - Residential & Municipal
    - Commercial
  - By Country:
    - Brazil
    - Mexico
    - Argentina
    - Rest of Latin America
- Europe
  - By Material Type:
    - Polyester
    - Vinyl Ester
    - Epoxy Based
    - Others
  - By Binding Agent :
    - Natural Resin
    - Synthetic Resin
  - By Application:
    - Solid Surface Countertops
    - Outdoor Seats & Benches
    - Waste Containers
    - Pump Bases
    - Flooring Blocks
    - Chemical Containments
    - Trench Drains
    - Others
  - By End User:
    - Industrial
    - Residential & Municipal
    - Commercial
  - By Country:
    - Germany
    - U.K.
    - France
    - Italy
    - Spain
    - Russia
    - Rest of Europe
- Asia Pacific
  - By Material Type:
    - Polyester
    - Vinyl Ester
    - Epoxy Based
    - Others
  - By Binding Agent :
    - Natural Resin
    - Synthetic Resin
  - By Application:
    - Solid Surface Countertops
    - Outdoor Seats & Benches
    - Waste Containers
    - Pump Bases
    - Flooring Blocks
    - Chemical Containments
    - Trench Drains
    - Others
  - By End User:
    - Industrial
    - Residential & Municipal
    - Commercial
  - By Country:
    - China
    - India
    - Japan
    - Australia
    - South Korea
    - ASEAN
    - Rest of Asia Pacific
- Middle East & Africa
  - By Material Type:
    - Polyester
    - Vinyl Ester
    - Epoxy Based
    - Others
  - By Binding Agent :
    - Natural Resin
    - Synthetic Resin
  - By Application:
    - Solid Surface Countertops
    - Outdoor Seats & Benches
    - Waste Containers
    - Pump Bases
    - Flooring Blocks
    - Chemical Containments
    - Trench Drains
    - Others
  - By End User:
    - Industrial
    - Residential & Municipal
    - Commercial
  - By Region:
    - Middle East
    - Africa

- Frequently Asked Questions -

What was the global polymer concrete market size in 2021?

Global polymer concrete market was valued at around US$ 686.8 Million in 2021.

What are the major factors that are expected to drive growth of the market during the forecast period?

Rising demand for polymer concrete across emerging applications due to enhanced properties such as the ability to form complex shapes, brilliant vibration damping, and rapid curing properties is mainly driving the market growth of market.

What are the opportunities in the market?

Rising usage of polyester & vinyl ester-based materials in the polymer concrete is expected to provide lucrative opportunities for the market growth of polymer concrete.

What are the key factors hampering growth of the market?

Lack of awareness regarding the numerous advantages of polymer concrete is expected to restrain the market growth of polymer concrete.

Which are the key players in the market?

Major players operating in the market include BASF SE, Sika AG, Wacker Chemie AG, Dudick Inc., ACO Group, Kwik Bond Polymers LLC, Sauereisen Inc., Hubbell Power Systems Inc., Forte Composites, Inc., Ulma - Architectural Solutions, and Sandmix

What is the estimated CAGR for market?

Global market is estimated to grow at around 7.6% CAGR in the forecast period (2022-2030).