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Polymer Concrete Market Size

Report ID: GMI2873
Published Date: Aug 2023
Report Format: PDF

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Polymer Concrete Market Size

Polymer Concrete Market size is anticipated to expand at CAGR of 7.8% between 2024 and 2032.

The significant economic boom in several Asian countries has resulted in the considerable development of infrastructure, including roads, bridges, sewage systems, and industrial facilities. The demand for sustainable and resilient construction solutions has grown critical in quickly growing cities. The increasing popularity of polymer concrete for providing longer service life and lowering the frequency of repairs and replacements will thereby influence the industry growth.

Polymer Concrete Market Report Attributes
Report Attribute	Details
Base Year:	2023
Polymer Concrete Market Size in 2023:	USD 515.5 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	7.8%
2032 Value Projection:	USD 1 Billion
Historical Data for:	2018 to 2023
No. of Pages:	374
Tables, Charts & Figures:	462
Segments covered:	Class, Type, Application and Region
Growth Drivers:	Strong government initiatives for building bridges, underpasses, sewage systems, and similar projects. Significant Demand for Lightweight Materials in the End-Use Sectors Rising public infrastructure investment in the Asia Pacific Increasing use of polymer concrete in drainage applications Ongoing development of Smart Cities
Pitfalls & Challenges:	Lack of raw material availability

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Polymer Concrete Market Growth Drivers and Restraints

The ongoing implementation of several environmental regulations encouraging the use of materials with low environmental impact and longer service life will favor the product adoption. Similarly, the unavailability of essential raw materials may slow down the industry expansion. The production of polymer concrete relies on specific aggregates, resins, and polymers, causing supply chain disruptions or scarcity. Shortages or price fluctuations can hence impact production capabilities, leading to delays and increased costs. Growing efforts by industry players on strategic sourcing, diversification of suppliers, and R&D investments to explore alternative raw materials will favor the market development.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of polymer concrete is poised to witness over 7.8% CAGR from 2024 to 2032, attributed to the rapid urbanization and the booming construction sector primarily across the APAC.

Polymer-modified concrete market is anticipated to register around 3.5% growth rate from 2023 to 2032, owing to widespread application in infrastructure projects that require superior durability.

Asia Pacific polymer concrete market is set to expand at notable CAGR from 2023 to 2032, driven by the presence of robust construction sector coupled with the rising investments in transportation, electricity, and water management.

Some of the top companies operating in the polymer concrete market are BASF, Fosroc, Sika, ErgonArmor, Bouygues S.A., Forte Composites Inc, ACO Group of Companies, Kwik Bond Polymers, Wacker Chemie AG, SAUEREISEN, Mapei and Crown Polymers.