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| Polymer Concrete market |
The global Polymer Concrete Market is estimated to be valued at US$ 795.16 Mn in 2023 and is expected to exhibit a CAGR of 7.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Polymer concrete is a composite material consisting of aggregate, organic
polymer binder, and monomers. It has advantages over concrete such as superior
chemical resistance, low shrinkage, crack resistance, and durability. These
properties make polymer concrete suitable for applications in civil
infrastructure, architectural structures, industrial floors, and waste
containment.
Market key trends:
One of the major trends driving the growth of the polymer concrete market is
its increasing use in civil infrastructure development projects. Polymer
concrete has better strength, durability and resistance to chemicals, which
make it suitable material for construction of roads, bridges, tunnels, and
other civil structures that are exposed to harsh weather conditions and
chemicals. Its usage reduces the need for frequent repair and maintenance of
civil infrastructure. Thus, the growing investments in development and repair
of civil infrastructure around the world are fueling the demand for polymer
concrete.
Segment Analysis
The global polymer concrete market is segmented based on the type of binding
agent, end-use industry and region. Based on the type of binding agent, polymer
concrete is segmented into epoxy, latex, acrylate and vinyl. The epoxy resin
segment dominates the global polymer concrete market owing to its high chemical
and heat resistance properties. It is widely preferred for industrial flooring,
containment areas, waste management, and precast piping applications due to its
high strength and durability.
Key Takeaways
The global Polymer
Concrete Market Growth is expected to witness high growth, exhibiting a
CAGR of 7.6% over the forecast
period, due to increasing infrastructure development activities across the
globe.
Regional analysis - Regionally, Asia Pacific dominates the global polymer
concrete market and is expected to maintain its leading position over the
forecast period as well. Rapid infrastructure development and construction
activities in China, India, and other Asian countries are driving the polymer
concrete market growth in the region.
Key players - Key players operating in the 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. BASF SE and Sika AG capture a significant share of the
global market owing to their strong distribution network and wide product
portfolio.
Read More,
https://www.insightprobing.com/polymer-concrete-market-trends-size-and-share-analysis/
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