Polymer Concrete Market to be dominated by Epoxy Segment through 2028
Initiatives
taken by government to promote the use of polymer concrete are the major
drivers for the Global Polymer Concrete Market.
According
to TechSci Research report, “Polymer concrete Market –Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028F”, the Global Polymer
Concrete Market stood at USD 532.17 Million and is anticipated to register a
CAGR of 5.34% during the forecast period. This can be ascribed to
collaborations and partnerships among leading companies with a diverse approach
to merge the expertise of individual companies and to strengthen their position
in the market.
The
construction industry, a pivotal driver of human progress, is currently
experiencing a remarkable revolution propelled by technological advancements.
Amidst the array of pioneering materials reshaping the sector, polymer concrete
has emerged as a prominent contender. With its unparalleled durability,
strength, and versatility, polymer concrete is rapidly gaining prominence as
the preferred material for architects, engineers, and developers across the
globe. Technological strides in polymer chemistry have led to the development
of high-performance resins with enhanced properties, such as superior adhesion,
improved chemical resistance, and tailored curing profiles. These advancements
ensure that polymer concrete not only meets but exceeds the stringent demands
of modern construction. The integration of intelligent additives and modifiers
enhances the performance of polymer concrete. These additives have the
potential to enhance key characteristics such as crack resistance, flexural
strength, and fire resistance. By leveraging advanced additives, engineers can
precisely tailor polymer concrete formulations to meet precise project
specifications.
One
of the innovations in concrete technology is translucent concrete, which
incorporates optical fibers to create a material that allows light to pass
through. This can have aesthetic and functional applications in architectural
design. Researchers have developed self-cleaning concrete that uses
photocatalytic materials to break down pollutants when exposed to sunlight.
This technology can help reduce maintenance requirements and improve air
quality in urban areas. Governments often incorporate polymer concrete into
public infrastructure projects such as roads, bridges, and transportation
networks. These projects serve as high-visibility platforms to showcase the
material's durability, longevity, and cost-effectiveness. Governments can
influence the polymer concrete market by adopting procurement policies that
prioritize the use of advanced construction materials like polymer concrete in
public projects. This creates a steady demand and market for the material.
Government-funded demonstration projects exemplify the practical applications
and advantages of polymer concrete. These projects serve as exemplars for
sustainable construction, inspiring developers, and builders to embrace the
material in their endeavors. As the demand for high-performance, durable, and
eco-friendly materials surges, collaborations and partnerships have emerged as
powerful drivers propelling the growth and evolution of the polymer concrete
market on a global scale.
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Complex
construction projects often require specialized materials that can meet
specific demands. Collaborations between polymer concrete manufacturers and
project developers result in tailored solutions designed to withstand unique
challenges, such as heavy loads, corrosive environments, or extreme weather
conditions. Moreover, partnerships between polymer concrete producers and
sustainability-focused organizations lead to the development of eco-friendly
formulations that align with the principles of sustainable construction. These
partnerships drive the integration of recycled materials, reduced carbon
footprints, and energy-efficient production methods. Collaborations with
esteemed research institutions and prestigious academic centers significantly
contribute to the enrichment of knowledge and refinement of technology. These
invaluable partnerships lead to revolutionary advancements in material science,
testing methodologies, and performance evaluation, ultimately enhancing the
credibility and widespread acceptance of polymer concrete within the
construction industry.
However,
limited availability of raw material and disruptions in supply chain along with
shortage of skilled labor are expected to slow down the growth of the market in
the coming years. As the global polymer concrete market continues to advance,
collaborations remain a vital component in establishing a strong foundation for
sustainable construction practices worldwide.
The
Global Polymer Concrete Market segmentation is based on Type, Class, Binding
Agent, Application, End User Industry, By Company, and Region
In 2022, the polymer concrete market was predominantly led by the polymer modified concrete (PMC) segment, with expectations of continued growth in the years ahead. PMC stands out for its superior bonding properties, making it an ideal choice for repair and rehabilitation projects. Its strong adhesion to various substrates, especially existing concrete surfaces, enhances structural integrity significantly. Additionally, PMC is often available in pre-mixed formulations, simplifying handling and application processes, which can lead to expedited project timelines. The incorporation of polymer resins into concrete matrices elevates mechanical properties such as flexural and tensile strength, impact resistance, and durability. These enhancements render PMC suitable for applications necessitating robust structural integrity and high load-bearing capacities.
The Asia
Pacific region has emerged as the leading player in the Global Organic Acid
market, driven by substantial economic growth and rapid urbanization trends. As
urban centers expand and infrastructure development takes precedence, the
demand for advanced construction materials like polymer concrete has surged.
Significant investments in infrastructure projects across the region, including
roads, bridges, airports, railways, and public utilities, have propelled the
adoption of polymer concrete due to its exceptional durability, strength, and
resistance to environmental factors. With an increasing focus on sustainability
and environmental stewardship, the eco-friendly properties of polymer concrete
have garnered considerable attention in the Asia Pacific market, aligning well
with the growing demand for sustainable construction practices. Many countries
in the region are investing in research and development (R&D) initiatives
aimed at advancing construction materials, particularly in polymer science and
concrete technology, leading to the development of improved formulations of
polymer concrete.
Some of the
major companies operating in the Global Polymer Concrete Market include:- ACO
Polymer
- BASF
SE
- Sika
AG
- Fosroc
International Ltd.
- Sauereisen
- Dudick
- ErgonArmor
- Base
Tec
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“Certain
regions, particularly the Asia-Pacific, are projected to exert significant
demand for polymer concrete worldwide. The growth in the competitive landscape
and the presence of well-established companies in the market, committed to
enhancing their polymer concrete productivity each year, are expected to
contribute to a remarkable growth of the Global Polymer Concrete Market in the
forecast period," said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based Global management consulting firm.
Global
Polymer Concrete Market By Type (Epoxy, Methyl Methacrylate & Others), By
Class (Polymer Modified Concrete & Others), By Binding Agent (Natural Resin
& Synthetic Resin), By Application (Containments, Pump Bases, Waste
Containers, Flooring Blocks, Trench Drains, Others), By End User Industry
(Non-residential structures, Infrastructure, Residential), By Region,
Competition, Forecast & Opportunities, 2018-2028F has evaluated the future growth
potential of Global Polymer Concrete Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide innovative market intelligence and help decision makers take
sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
in Global Polymer Concrete Market.
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