Polymer concrete (PC) is a composite material with an epoxy binder and has excellent toughness, ductility, strength, and durability. It is widely used across the construction and repair of any infrastructure. Moreover, it is also used in the manufacturing of sewer structure, swimming pools, and drainage channels, due to its low permeability and corrosive resistance. Moreover, polymer concrete does not require welding of PVC protected seams. Furthermore, it can be also used as a bondage for asphalt pavement as it offer higher durability and strength.

The global polymer concrete market was estimated to account for US$ 345.7 million in terms of revenue in 2018 and is predicted to grow at a CAGR of 7.9% during the forecast period (2019 to 2027).

Drivers

Growing construction industry around the globe and rising adoption of advanced construction materials such as polymer concrete to enhance to speed up the construction process are primarily fueling the market growth of polymer concrete. According to the report published by ENG cranes in July 2019, the Asia Pacific construction market (excluding India) is worth US$ 4.95 trillion in 2019 and is projected to reach US$ 5.45 trillion by 2021. Therefore, the rising construction industry is expected to propel the market growth of polymer concrete.

Market Opportunities

According to the Coherent Market Insights, residential & municipal application, buildings & pipes & tunnel liners together represent more than half of the market share by value, and this can be attributed to the increasing applications of polymer concrete due to its excellent property such as enhanced hydraulic flow of fluids, resistance to corrosion and weather. Therefore, the rising application of polymer concrete across residential and municipal applications will impact the market growth positively over the forecast period.

Market Restraints

Some issues associated with the safety of handling monomers used for the production of polymer concrete, as they are volatile, toxic, and combustible is expected to curb the market growth of polymer concrete. Moreover, initiators that are used as catalysts, and promoters and accelerators during the polymerization process are highly flammable and injurious to the human skin. Therefore, such safety concern about the handling of the monomer is restricting the market growth of polymer concrete.

Key Takeaways

On the basis of end use, residential & municipal segment dominated the global polymer concrete market in 2018 with a 47.5% of market share in terms of revenue, followed by industrial and commercial, respectively.

Market Trends

Increasing focus of manufacture for developing polymer concrete with enhanced properties in order to serve across the end-use application is gaining traction in the market and this is expected to fuel the market growth of polymer concrete. For instance, in November 2019, Tnemec Company, Inc. launched three chemical-resistant polymers concretes for use on new or existing surfaces. The new polymer concretes can be applied and returned to service the same or next day and can cure at temperatures down to 40°F. Moreover, these products are also ideal for repairing heavily deteriorated concrete surfaces found in facilities.

The growing focus of the researcher to develop a green concrete product for the construction industry is expected to offer new avenues to market of polymer concrete in the years to come. For instance, in June 2019, The City of Sydney is putting the environmentally friendly building product to the test on a busy inner-city street, with a 30-meter section of roadway on Wyndham Street in Alexandria for testing the durability of green concrete's. The City has laid 15 meters of traditional concrete and 15 meters of geopolymer concrete, a sustainable blend of concrete and recycled materials.

Competitive Section

Key players active in the global polymer concrete market are 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 Sp. z o.o. S.K.

Few Recent Developments

Sika AG

  • In 2016, the company acquired L.M. Scofield, a U.S.-based manufacturer of concrete color additives for ready-mixed concrete, along with decorative products and treatments for concrete refurbishment. This acquisition is in line with the company’s growth strategy in North America region

Wacker Chemie AG

  • In 2015, the company built a production plant for specialty monomers with an annual capacity of 3,800 metric tons at Burghausen site, which is used in the manufacture of dispersible polymer powders that act as polymer binders to improve the strength of motors.

ACO Group

  • In 2017, the company acquired Plastmo Polska, a Poland-based construction materials and drainage products manufacturing company. This move has been taken to foray into the civic infrastructure segment and consolidate its existing market presence in Europe.
  • In 2017, the company established its distribution center in Saudi Arabia to leverage its market footprint with respect to the burgeoning construction sector in the country.

Market Taxonomy

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

By Region

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us: