The polymer concrete market is estimated to be valued at USD 857.7 Mn in 2024 and is expected to reach USD 1,441.7 Mn by 2031, growing at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 857.7 Mn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
7.70% |
2031 Value Projection: |
US$ 1,441.7 Mn |
Figure. Polymer Concrete Market Share (%), By Region 2024
Polymer concrete is a composite material obtained by mixing aggregate, such as sand or gravel, with a polymer matrix to bind the materials together. It has properties similar to conventional concrete but with better tensile and compressive strength, non-corrosive to chemicals, flexible and lightweight. Polymer concrete is used for applications that require high strength, chemical and abrasion resistance such as waste containment, pipe linings, industrial flooring, and railbeds. It is gaining popularity in construction applications due to its ability to withstand environmental conditions and low maintenance requirements.
Market Dynamics:
The global polymer concrete market is driven by growing infrastructure development activities and increasing investments in construction industries across emerging economies. Rapid urbanization coupled with rising disposable incomes is propelling the demand for durable and sustainable construction materials. Additionally, strict environmental norms regarding the usage of traditional cement-based concrete is shifting the preference towards eco-friendly polymer concrete. However, volatility in raw material prices owing to supply chain disruptions poses a major challenge for market growth. Ongoing research & development activities to develop innovative product grades with extended shelf-life and superior mechanical properties are expected to introduce new avenues during the forecast period.
Key Features of the Study:
- This report provides an in-depth analysis of the global polymer concrete market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global polymer concrete market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study 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, Sandmix., CUMI Prodorite & Composite, Mcon Rasayan Pvt. Ltd., and Romtec Utilities.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global polymer concrete market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global polymer concrete market.
Detailed Segmentation-
- 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:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- 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
- Sandmix.
- CUMI Prodorite & Composite
- Mcon Rasayan Pvt. Ltd.
- Romtec Utilities