Global Polymer Concrete Market is estimated to be valued at US$ 686.8 Million in 2021, according to the Global Polymer Concrete Market Report, 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), published by Coherent Market Insights.
Global polymer concrete market was valued at US$ 686.8 Million in 2021 and is expected to register a CAGR of 7.6% over the forecast period (2022–2030). The Asia Pacific region is expected to dominate market over the forecast period and is projected to be the largest and fastest-growing region.
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Browse 50 market data tables* and 40 figures* on "Global Polymer Concrete Market” - Forecast to 2030.
Key Trends and Analysis of the Global Polymer Concrete Market:
- Expanding civil construction industry is raising demand for polymer concrete due to its high vibration resistance, high impact strength and excellent bonding properties with materials such as metals that are expected to propel the market growth of polymer concrete. Moreover, rising usage of polymer concrete in repair and maintenance applications instead of rebuilding infrastructure is further anticipated to foster the market growth of polymer concrete over the forecast period. A growing number of mergers and acquisitions among manufacturers to enhance the market presence is projected to propel the market growth of polymer concrete.
- For instance, In January 2022, WACKER’s, a German 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.
Key Takeaways of the Global Polymer Concrete Market:
- Among material type, polyester dominated the global polymer concrete market in 2021. Polyester segment was followed by vinyl ester and epoxy based polymer in terms of revenue share, respectively.
- 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
- New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities are key strategies adopted by players in the global Polymer Concrete market.
