PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1368740
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1368740
Global Polymer Concrete Market will witness 3.5% CAGR between 2023 and 2032. The growing government support and usage of polymer concrete due to its advantages support the expansion of the industry. For instance, in September 2023, in response to the persistent issue of potholes, which pose a significant hazard to both drivers and pedestrians, the Pune Municipal Corporation (PMC) from India chose to employ high-strength modified polymer concrete for repair purposes. Authorities believe that polymer concrete pavements not only enhance the longevity of asphalt surfaces but also effectively mitigate the occurrence of joint damage and cracks in cement-concrete pavements.
Governments worldwide are increasingly acknowledging the benefits of polymer concrete, particularly its durability, resistance to corrosion, and low maintenance. This recognition has led to its widespread use in infrastructure projects, including roads, bridges, and wastewater systems. In addition, the material's eco-friendly attributes align with sustainability initiatives, further boosting the polymer concrete market outlook.
The overall Polymer Concrete Market is classified based on class, application, and region.
PC segment will undergo significant development from 2023 to 2032. Polymer concrete is valued for its high strength and dimensional stability, making it an ideal material for the construction of PC enclosures and workstations. Its resistance to heat and vibration, in tandem with its durability, has led to increased adoption in this sector. The polymer concrete market demand in the PC industry reflects the quest for robust and reliable computer housing solutions.
Pump bases segment will register a noteworthy CAGR from 2023 to 2032. Polymer concrete's exceptional strength, corrosion resistance, and durability make it ideal for constructing stable and reliable pump bases. Its ability to withstand heavy loads and harsh chemical environments has led to increased utilization in the pump industry. This polymer concrete market growth supports the importance of dependable and long-lasting foundations for critical equipment like pumps.
Europe polymer concrete market will showcase an appreciable CAGR from 2023 to 2032. The region's commitment to sustainable and durable construction materials has propelled the use of polymer concrete in various infrastructure projects. Its resistance to corrosion and high strength are particularly valued. With a focus on innovation and environmentally-friendly solutions, Europe is driving the demand for polymer concrete, making it a crucial component in the continent's construction landscape.