PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1511297
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1511297
According to Stratistics MRC, the Global Polymeric Sand Market is accounted for $127.09 billion in 2024 and is expected to reach $201.68 billion by 2030 growing at a CAGR of 8.0% during the forecast period. When it comes to landscaping projects like patios, walkways, or driveways, polymeric sand is a high-tech mixture of graded sand and polymer additives meant to fill in the spaces between pavers, bricks, or stones. When the polymer is activated with water, it forms a strong, long-lasting bond with the sand particles that deters erosion, weed growth, and insect infestation. Because of its sophisticated formula, it can withstand temperature fluctuations and heavy traffic without breaking or shifting. Moreover, a great way to improve the visual appeal and structural integrity of outdoor surfaces is with polymeric sand, which is available in a range of colors to match different types of paving.
According to the American Institute of Architects (AIA), sustainable architecture not only reduces negative environmental impacts but also improves occupant health and well-being.
Growing requirement for hardscaping and landscaping initiatives
The market for polymeric sand is largely driven by the expanding popularity of hardscaping and landscaping projects, especially in residential areas. Aesthetically pleasing outdoor spaces are becoming more and more popular among homeowners and landscape professionals; for joint stabilization, long-lasting and eye-catching materials like polymeric sand are needed. Additionally, the increased use of patios, walks, and driveways in outdoor living spaces increases the need for polymeric sand because it makes these surfaces more stable and long-lasting.
Restricted access to skilled labour
The need for skilled labor with knowledge of appropriate installation and application techniques is an obstacle facing the polymeric sand market. In contrast to traditional jointing materials, which laborers and contractors may be more familiar with, working with polymeric sand requires specialized knowledge and experience to ensure the best outcomes. Furthermore, the limited availability of proficient laborers capable of managing polymeric sand may impede its extensive implementation and obstruct the expansion of the market, particularly in areas where training and educational initiatives for these specialized skills are deficient.
Adoption of technology and digitalization
Manufacturers of polymeric sand can improve customer engagement, optimize supply chain management, and increase operational efficiency by embracing digitalization and utilizing technology solutions. Streamlining business processes, cutting expenses, and cutting lead times are all possible with the use of digital tools and platforms for inventory management, order processing, and logistics optimization. Moreover, implementing digital marketing techniques like social media outreach, online advertising, and e-commerce platforms can increase market visibility, draw in new clients, and make it easier to communicate directly with end users.
Strong rivalry and pricing pressure
The market for polymeric sand is threatened by fierce competition among suppliers, distributors, and manufacturers, which drives down margins and drives up prices. Price competition is heightened by the presence of multiple competitors offering comparable products with comparable features and performance attributes, making it difficult for businesses to remain profitable. Additionally, price wars and aggressive pricing tactics used by rivals to increase their market share can intensify pricing pressures, reducing profit margins and impeding investments in R&D or market expansion projects.
The construction industry experienced disruptions due to lockdowns, supply chain disruptions, and project delays as a result of the COVID-19 pandemic, which had a significant impact on the polymeric sand market. The demand for polymeric sand declined as a result of construction projects being delayed or cancelled, which decreased orders and revenue for manufacturers. Construction activities had stopped or slowed in many regions. Further impeding the expansion of the market was the lack of skilled labour for installation due to travel restrictions and social distancing policies. However, the market for polymeric sand is anticipated to grow as the construction industry gradually recovers and adjusts to the new normal.
The Polymeric Sand segment is expected to be the largest during the forecast period
The polymeric sand segment is projected to have the largest market share. In order to create stable and long-lasting surfaces, polymeric sand is frequently used to fill the spaces between pavers, bricks, or stones in landscaping and construction projects. It is a preferred option for outdoor applications like patios, walkways, and driveways because of its capacity to create a strong bond when activated with water and to withstand weed growth, insect infestation, and erosion. Moreover, polymeric sand is the industry leader due to its many uses, ease of installation, and visual appeal.
The Gray segment is expected to have the highest CAGR during the forecast period
In the polymeric sand market, the gray polymeric sand segment is anticipated to grow at the highest CAGR. Contractors, designers, and homeowners favor gray polymeric sand because it provides a neutral and adaptable choice that goes well with a variety of paving materials and landscape layouts. Because of its subdued color, it has a modern and contemporary look that goes well with a variety of architectural designs and outdoor settings. Additionally, gray polymeric sand's increasing appeal can also be attributed to its capacity to gradually reduce dirt, debris, and discoloration visibility while preserving the aesthetic appeal of paved surfaces.
The market for polymeric sand is dominated by North America. Due in large part to the region's thriving construction industry, urbanization trends, and strong emphasis on outdoor living areas, polymeric sand is widely used in landscaping and hardscaping projects. North America's market is expanding mostly due to investments in residential and commercial infrastructure projects as well as a growing demand for long-lasting and low-maintenance landscaping solutions. Furthermore, the region's market demand is further supported by strict regulations that encourage environmentally friendly construction practices and the availability of sophisticated polymeric sand formulations that are suited to the local climate.
The market for polymeric sand is anticipated to grow at the highest CAGR in Asia-Pacific. The demand for polymeric sand in landscaping and hardscaping applications is driven by the region's fast urbanization, growing construction industry, and growing emphasis on infrastructure development. Population growth, urban migration, and government initiatives for urban development are driving significant growth in residential, commercial, and industrial construction activities in countries like China, India, and Southeast Asia.
Key players in the market
Some of the key players in Polymeric Sand market include Vimark S.r.l., Silpro, Quadra Chemicals, Fairmount Santrol, Alliance Designer Products Inc, Sakrete,Inc, Basalite Concrete Products, Sable Marco Inc., Euclid Chemical Company, Sale Marco,Inc, TCC Materials, Ash Grove Cement Company, MAPEI Corporation, Sika AG and Techniseal.
In April 2024, MAPEI, a leading global manufacturer of adhesives, sealants and chemical products for the construction industry, proudly announces the unveiling of the No. 98 MAPEI / CURB Honda as part of the Andretti INDYCAR program. The car will be driven by racing icon Marco Andretti at the upcoming 108th Running of the Indianapolis 500 presented by Gainbridge.
In April 2022, Euclid Chemical Company, a leading manufacturer of concrete and masonry construction products, announced today that it has acquired Chryso's North American cement grinding aids and additives business. Terms of the transaction were not disclosed. The acquired technologies are sold to cement manufacturers to enhance the performance of cement and to reduce CO2 emissions during its production. Cement is the key ingredient in concrete, the world's most widely used building material.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.