Market Analysis: Global Polymer Concrete Market
Global Polymer Concrete Market is expected to reach USD 767.5 million by 2025, from USD 44.1 million in 2017 growing at a CAGR of 7.20% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Polymer Concrete Market
Polymer concrete is a compound which uses synthetic polymer as binder. The compound present in this material displays different diverse properties, for example, high effect quality, high compressive quality, quick restoring, high protection from substance assault, scraped area, and low porousness. The essential technique for creating polymer concrete is by decrease of volume of voids in totals which would bring down the amount of polymer required for restricting these totals. Restricting is accomplished by appropriately reviewing the total keeping in mind the end goal to keep up less voids and most extreme thickness. The properties of polymer concrete are very reliant on the sort, sum, and the properties of polymers in the solid being utilized. The cost of polymer concrete is higher than that of bond. According to U.S. Census Bureau, in 2016, total construction spending grew by 6.5% from 2015. According to U.S. Census Bureau, in 2016, total spending was rose up by 6.5% from the year 2015. In addition, in 2014, construction spending was up nearly 11.0% and in 2015 it was raised at 10.7%. The increasing construction sector around the globe will demand higher machinery equipment’s which requires the lubricants for proper functioning. As per the European Builders Confederation, the construction sector contributes around 9% to the GDP of the European Union and forecasted to remain strong at 3.2% in both 2018 and 2019. Thus above factor shows that the construction sector is growing and derives the demand of polymer concrete.
- Increasing need for chemical resistant construction material
- stringent increasing overlay projects in North America
- Recovery of construction industry in Europe
- Lack of awareness about polymer concrete in developing economies
- Fluctuating raw material prices
Segmentation: Global Polymer Concrete Market
- Polymer Modified Concrete (PMC)
- Polymer Resin Concrete (PC)
- Polymer Impregnated Concrete (PIC)
- Pump Bases
- Waste Containers
- Flooring Blocks
- Trench Drains
By End-Use Industry
- Non-Residential Structures
- Residential Structures
- North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of MEA
Competitive Analysis: Global Polymer Concrete Market
The global polymer concrete market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Polymer Concrete market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In, February, 2014, Magma Ceramics and catalysts merged with Morgan Advanced Materials in a move to create a larger and more effective combined business which will give access to wider technology base and growth prospects.
Key Market Competitors: Global Polymer Concrete Market
The key players operating in the global polymer concrete market are –
- BASF SE
- Dudick, Inc.
- Interplastic Corp
- Metrocast Corp
The other players in the market are Morgan Advanced Materials and its affiliates, ULMA Architectural Solutions, Kwik Bond Polymers, Arizona Polymer Flooring Inc., Bechtel Corporation, Bouygues S.A., Forte Composites Inc, Wacker Chemie AG, Sauereisen, Civilworks Group, Crown Polymers, Fosroc, Jiangsu Polycon, Ergonarmor, ACO Group of Companies and other.
Research Methodology: Global Polymer Concrete Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global polymer concrete market
- Analyze and forecast polymer concrete market on the basis of class, type, application, and end-use industry
- Trends of key regional and country-level markets for product class, type, application, and end-use industry
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis