Polymer concrete is a type of composite material that hardens materials in the construction sector by combining thermoplastic polymers with an epoxy binder. Its main ingredients are water, gravel, and sand, making it suited for the rehabilitation of any concrete construction. When compared to other types of concrete used in the construction sector, polymer concrete has superior compressive and impact strength. They are divided into four categories: vinyl ester, polyester, epoxy-based, and others. Industrial, residential & municipal, and commercial are some of the most common end-users of polymer concrete.
Drivers
The market for Polymer Concrete Market is growing due to the increased need for improved features such as the capacity to produce complicated shapes, excellent vibration damping, and rapid curing properties in developing applications. Pump bases, trash containers, chemical containment, industrial flooring blocks, and trench drains are all examples of polymer concrete applications. Over the forecast period, the aforementioned reasons are expected to drive polymer concrete market expansion.
Polymer concrete's market expansion is predicted to be fueled by the increasing use of the material in drainage applications. Polymer concrete allows for accurate shaping and finishing, allowing for more efficient hydraulic flow and higher water discharge rates from the pipe.
Restriction on the Market
Polymer concrete's high cost relative to other materials limits its use in special needs applications. Over the projected period, this factor is expected to limit the growth of the concrete Polymer Concrete Market. Additionally, increased use of a certain form of plastic as a less expensive alternative to polymer concrete with similar qualities is expected to stymie market expansion throughout the projection period.
Polymer concrete's market expansion is projected to be hampered to some extent by a lack of understanding about the multiple benefits of the material. Furthermore, polymer concrete can be employed in a variety of applications that require less energy and labor. Over the forecast period, this issue is also expected to limit the growth of the polymer concrete market.
Section of Competition
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. is one of the major competitors in the worldwide polymer concrete market.
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