Polymer Concrete Market
Polymer Concrete Market Forecasts to 2030 - Global Analysis By Type (Epoxy Polymer Concrete, Vinyl Ester Polymer Concrete, Polyester Polymer Concrete and Other Types), Aggregate Type, Functionality, Application, End User and By Geography
|
Years Coveredc |
2022-2030 |
|
Estimated Year Value (2024) |
US $702.1 BN |
|
Projected Year Value (2030) |
US $1059.6 BN |
|
CAGR (2024 - 2030) |
7.1% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Polymer Concrete Market is accounted for $702.1 million in 2024 and is expected to reach $1,059.6 million by 2030 growing at a CAGR of 7.1% during the forecast period. Polymer concrete is a type of concrete where traditional cement is replaced or supplemented by polymers as a binder. The polymers, such as epoxy, polyester, or vinyl ester resins, improve the material's properties, making it more durable, resistant to chemicals, and capable of withstanding extreme temperatures. Polymer concrete is often used in applications where high strength, rapid curing, and resistance to environmental factors like corrosion are crucial, such as in industrial flooring, bridge decks, and sewer systems. It provides enhanced performance over traditional concrete in specific demanding conditions.
According to Oxford Economics, Europe is estimated to account for nearly one-fourth of the global construction output during the period from 2020 to 2030, with huge demand for construction and growing consumption in various residential, commercial and industrial applications.
Market Dynamics:
Driver:
Growing infrastructure development
The market is witnessing significant growth due to increasing demand for durable, corrosion-resistant materials in infrastructure development. Its ability to withstand harsh environmental conditions and offer superior strength makes it ideal for use in roads, bridges, and wastewater systems. The rise in urbanization, construction activities, and the need for sustainable building solutions further boosts the demand for polymer concrete, making it a preferred choice for modern infrastructure projects.
Restraint:
Limited availability of skilled professionals
The limited availability of skilled professionals in the market hampers its growth. A shortage of experts in mixing, curing, and application techniques can lead to improper installation, affecting the material’s performance and durability. This lack of expertise also increases the risk of project delays, reduced efficiency, and higher costs. As a result, the market faces challenges in meeting the rising demand for high-quality polymer concrete solutions.
Opportunity:
Rising demand for durable materials
The rising demand for durable materials is driving growth in the market. Known for its high strength, corrosion resistance, and longevity, polymer concrete is increasingly favored in construction projects where durability is critical. It is used in harsh environments, such as wastewater treatment facilities, bridges, and highways, where traditional materials may fail. As infrastructure needs evolve, polymer concrete provides a sustainable solution, ensuring extended lifespan and reduced maintenance costs.
Threat:
Raw material price fluctuations
Raw material price fluctuations negatively impact the market by increasing production costs and causing price instability. Volatile costs for resins, aggregates, and other components can lead to unpredictable pricing for end products, making it difficult for manufacturers to plan and budget effectively. This uncertainty can also affect profitability and delay projects, potentially reducing the market's overall growth and adoption of polymer concrete in construction and infrastructure applications.
Covid-19 Impact:
The COVID-19 pandemic disrupted the market by causing delays in manufacturing, supply chain interruptions, and reduced demand in construction projects. Lockdowns and labor shortages slowed production, while economic uncertainty led to postponed infrastructure developments. However, as construction activities gradually resumed, the demand for durable, low-maintenance materials like polymer concrete increased, offering potential for market recovery and growth in the post-pandemic period.
The epoxy polymer concrete segment is expected to be the largest market share during the forecast period
The epoxy polymer concrete segment is expected to account for the largest market share during the forecast period due to its exceptional strength, durability, and resistance to chemicals, moisture. It is widely used in applications like road repairs, industrial flooring, and wastewater treatment plants. The growing demand for high-performance materials in infrastructure projects drives its adoption, as epoxy polymer concrete offers long-lasting solutions, reduced maintenance costs, and improved safety in harsh environments.
The roads and highways segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the roads and highways segment is predicted to witness the highest growth rate due to the material’s durability and resistance to wear, chemicals, and environmental stress. Polymer concrete is used for paving, repair, and maintenance of roads, offering enhanced longevity and reduced maintenance costs compared to traditional materials. Its ability to withstand harsh conditions, including freeze-thaw cycles and heavy traffic loads, makes it ideal for infrastructure projects focused on sustainable, long-lasting road systems..
Region with largest share:
During the forecast period, the North America region is expected to hold the largest market share driven by increasing demand for durable and low-maintenance materials. The region’s focus on sustainable development, coupled with rising urbanization, is propelling the adoption of polymer concrete for roads, bridges, and industrial flooring. Additionally, advancements in polymer technologies and rising awareness of corrosion-resistant materials further fuel market expansion in North America, particularly in the U.S. and Canada.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR. The rapid industrialization and urbanization in the Asia Pacific region are contributing to the increased adoption of polymer concrete in various construction applications. Additionally, Polymer concrete's resistance to harsh weather conditions, corrosion, and chemical attacks makes it a preferred choice for infrastructure projects requiring longevity and low maintenance.
Key players in the market
Some of the key players in Polymer Concrete market include BASF SE, Sika AG, Saint-Gobain, The Dow Chemical Company, Huntsman International LLC, Wacker Chemie AG, RPM International Inc., Polynt Group, Royal DSM, Lanxess AG, Sino Polymer Group, Mapei India Pvt. Ltd., Heirloom Carbon Technologies, K-Systems, Epoxy Resin Technology Ltd., Global Polymers, Buro Happold and MaxChem Group.
Key Developments:
In April 2024, Sika AG acquired a concrete polymer company of the U.S., named Kwik Bond Polymers, LLC. This acquisition is expected to help Sika AG’s system which works on refurbishment of concrete structures.
In January 2024, Heirloom Carbon Technologies, Capture launched the inaugural commercial direct air capture Concrete CO2 (DAC) facility in the United States. This innovative facility has the capacity to capture an impressive 1,000 tons of CO2 annually.
Types Covered:
• Epoxy Polymer Concrete
• Vinyl Ester Polymer Concrete
• Polyester Polymer Concrete
• Other Types
Aggregate Types Covered:
• Natural
• Synthetic
• Recycled
Functionality Covered:
• Structural
• Non-Structural
• Wear-Resistant
• Impact-Resistant
Applications Covered:
• Roads and Highways
• Chemical Processing Plants
• Water Treatment Plants
• Ports and Harbors
• Trench Drains
• Decorative Flooring
• Other Applications
End Users Covered:
• Construction
• Industrial
• Marine
• Automotive
• Aerospace and Military
• Oil & Gas
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Polymer Concrete Market, By Type
5.1 Introduction
5.2 Epoxy Polymer Concrete
5.3 Vinyl Ester Polymer Concrete
5.4 Polyester Polymer Concrete
5.5 Other Types
6 Global Polymer Concrete Market, By Aggregate Type
6.1 Introduction
6.2 Natural
6.3 Synthetic
6.4 Recycled
7 Global Polymer Concrete Market, By Functionality
7.1 Introduction
7.2 Structural
7.3 Non-Structural
7.4 Wear-Resistant
7.5 Impact-Resistant
8 Global Polymer Concrete Market, By Application
8.1 Introduction
8.2 Roads and Highways
8.3 Chemical Processing Plants
8.4 Water Treatment Plants
8.5 Ports and Harbors
8.6 Trench Drains
8.7 Decorative Flooring
8.8 Other Applications
9 Global Polymer Concrete Market, By End User
9.1 Introduction
9.2 Construction
9.3 Industrial
9.4 Marine
9.5 Automotive
9.6 Aerospace and Military
9.7 Oil & Gas
9.9 Other End Users
10 Global Polymer Concrete Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 BASF SE
12.2 Sika AG
12.3 Saint-Gobain
12.4 The Dow Chemical Company
12.5 Huntsman International LLC
12.6 Wacker Chemie AG
12.7 RPM International Inc.
12.8 Polynt Group
12.9 Royal DSM
12.10 Lanxess AG
12.11 Sino Polymer Group
12.12 Mapei India Pvt. Ltd.
12.13 Heirloom Carbon Technologies
12.14 K-Systems
12.15 Epoxy Resin Technology Ltd.
12.16 Global Polymers
12.17 Buro Happold
12.18 MaxChem Group
List of Tables
1 Global Polymer Concrete Market Outlook, By Region (2022-2030) ($MN)
2 Global Polymer Concrete Market Outlook, By Type (2022-2030) ($MN)
3 Global Polymer Concrete Market Outlook, By Epoxy Polymer Concrete (2022-2030) ($MN)
4 Global Polymer Concrete Market Outlook, By Vinyl Ester Polymer Concrete (2022-2030) ($MN)
5 Global Polymer Concrete Market Outlook, By Polyester Polymer Concrete (2022-2030) ($MN)
6 Global Polymer Concrete Market Outlook, By Other Types (2022-2030) ($MN)
7 Global Polymer Concrete Market Outlook, By Aggregate Type (2022-2030) ($MN)
8 Global Polymer Concrete Market Outlook, By Natural (2022-2030) ($MN)
9 Global Polymer Concrete Market Outlook, By Synthetic (2022-2030) ($MN)
10 Global Polymer Concrete Market Outlook, By Recycled (2022-2030) ($MN)
11 Global Polymer Concrete Market Outlook, By Functionality (2022-2030) ($MN)
12 Global Polymer Concrete Market Outlook, By Structural (2022-2030) ($MN)
13 Global Polymer Concrete Market Outlook, By Non-Structural (2022-2030) ($MN)
14 Global Polymer Concrete Market Outlook, By Wear-Resistant (2022-2030) ($MN)
15 Global Polymer Concrete Market Outlook, By Impact-Resistant (2022-2030) ($MN)
16 Global Polymer Concrete Market Outlook, By Application (2022-2030) ($MN)
17 Global Polymer Concrete Market Outlook, By Roads and Highways (2022-2030) ($MN)
18 Global Polymer Concrete Market Outlook, By Chemical Processing Plants (2022-2030) ($MN)
19 Global Polymer Concrete Market Outlook, By Water Treatment Plants (2022-2030) ($MN)
20 Global Polymer Concrete Market Outlook, By Ports and Harbors (2022-2030) ($MN)
21 Global Polymer Concrete Market Outlook, By Trench Drains (2022-2030) ($MN)
22 Global Polymer Concrete Market Outlook, By Decorative Flooring (2022-2030) ($MN)
23 Global Polymer Concrete Market Outlook, By Other Applications (2022-2030) ($MN)
24 Global Polymer Concrete Market Outlook, By End User (2022-2030) ($MN)
25 Global Polymer Concrete Market Outlook, By Construction (2022-2030) ($MN)
26 Global Polymer Concrete Market Outlook, By Industrial (2022-2030) ($MN)
27 Global Polymer Concrete Market Outlook, By Marine (2022-2030) ($MN)
28 Global Polymer Concrete Market Outlook, By Automotive (2022-2030) ($MN)
29 Global Polymer Concrete Market Outlook, By Aerospace and Military (2022-2030) ($MN)
30 Global Polymer Concrete Market Outlook, By Oil & Gas (2022-2030) ($MN)
31 Global Polymer Concrete Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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