Global Polymer Concrete Market – Industry Trends and Forecast to 2030

Global Polymer Concrete Market, By Class (Polymer Modified Concrete (PMC), Polymer Resin Concrete (PC), Polymer Impregnated Concrete (PIC)), Type (Epoxy, Latex, Acrylate, Polyester, Vinyl, Furan, Others), Binding Agent (Natural Resin, Synthetic Resin), Application (Containments, Pump Bases, Waste Containers, Flooring Blocks, Trench Drains, Others), End-Use Industry (Industrial, Commercial, Residential and Municipal) - Industry Trends and Forecast to 2030.

Polymer Concrete Market Analysis and Size  

Polymer concrete is a new concrete produced with OPC concrete cured and impregnated with liquid or vaporous chemical compound (Methyl methacrylate monomer) and polymerized by gamma radiation or with chemical initiated implies, for instance, by utilizing the thermal catalytic method. The rise in the number of construction activities and new developmental projects will influence the growth rate of the polymer concrete market.

Data Bridge Market Research analyses that the Global polymer concrete market which was USD   578.07 million in 2022, would rocket up to USD   1,023.32 million by 2030 and is expected to undergo a CAGR of 7.40   % during the forecast period.

The increasing popularity of polymer concrete in nuclear power plants, bridge drainage systems, marine works and industrial plants will act as a key element driving market expansion. Along with this, the rising economy will result in the development of smart cities in many countries, which will further increase the demand for the polymer concrete market. The polymer concrete market is also being driven by significant factors such as the upsurge in the level of disposable income and increasing urbanization. Furthermore, an upsurge in the level of investments for public construction will enhance the growth rate of the polymer concrete market. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Polymer Concrete Market Scope and Segmentation

Market Definition

Polymer concrete is created when a monomer or aggregate mixture is polymerized. The aggregate mixture is combined with the polymer, which acts as a binder. This type of concrete is made by reducing the volume of spaces in the aggregates, which minimizes the amount of polymer necessary to bind the particles. Polymer concrete has various advantages over regular concrete made with Portland cement. Polymer concrete has a variety of qualities, including high compressive strength, quick curing, high specific strength, and chemical resistance, and is thus widely employed in a variety of sectors.

Global Polymer Concrete Market Dynamics

Drivers

• The rise in the number of construction activities

The rise in the number of construction activities and new developmental projects will influence the growth rate of the polymer concrete market. The increasing popularity of polymer concrete in nuclear power plants, bridge drainage system, marine works and industrial plants will act as a key element driving market expansion.

• The rising economy will result in the development of smart cities

The rising economy will result in the development of smart cities in many countries, which will further increase the demand for the polymer concrete market. The polymer concrete market is also being driven by significant factors such as the upsurge in the level of disposable income and increasing urbanization. Furthermore, an upsurge in the level of investments for public construction will enhance the growth rate of the polymer concrete market. Also, the rise in the number of initiatives by the government for constructing bridges, underpasses, sewages and others will act as major factors influencing the growth of the polymer concrete market.

Opportunities

• Expansion of end-user industries

The expansion of end-user industries and the upsurge in demand for waterproofing of structures will create beneficial opportunities for the growth of the polymer concrete market. Additionally, the rising number of mergers and acquisitions among drug manufacturers and untapped potential in emerging markets will provide lucrative opportunities for the market’s growth.

Restraints/Challenges

• High cost associated with the product

The high cost associated with the product and the presence of other alternatives will hamper the polymer concrete market’s growth rate. Also, fluctuating prices of raw materials and strict regulations will further pose challenges to the growth of the polymer concrete market. The dearth of availability of raw materials and less awareness will act as major market restraints that will further impede the market’s growth rate.

Recent Development

• In January 2022, WACKER’s, a German based chemical company opened Moscow Laboratory for cement and concrete additives. The Moscow Laboratory is part of WACKER’s new Innovation Hub for Cement and concrete. The Laboratory facility’s main objective is to better protect cement and concrete materials from moisture, both during storage and after application.

Global Polymer Concrete Market Scope

The polymer concretes market is segmented on the basis of class, type, binding agent, application, and end-use industry. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Class

• Polymer Modified Concrete (PMC)
• Polymer Resin Concrete (PC)
•  Polymer Impregnated Concrete (PIC)

Type

• Epoxy
•  Latex
• Acrylate
•  Polyester
•  Vinyl
•  Furan
• Others

 Binding Agent

• Natural Resin
• Synthetic Resin

Application

• Containments
• Pump Bases
• Waste Containers
• Flooring Blocks
• Trench Drains
• Others

End-Use Industry

• Industrial
• Commercial
• Residential
• Municipal

Global Polymer Concrete Market Regional Analysis/Insights

The global polymer concrete market is analysed, and market size insights and trends are by class, material, thickness, surface, texture, and end-user, as referenced above.

The countries covered in the Global polymer concrete market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.           

Asia-Pacific dominates the polymer concrete market and will continue to flourish its trend of dominance due to the availability of labor and competitive cost base in this region. The growing level of investment in construction activities, increasing disposable income, and rising population will propel the market’s growth rate in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Polymer Concrete Market Share Analysis

The global polymer concrete market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to global polymer concrete market.

Some of the major players operating in the global polymer concrete market are:

• BASF SE (Germany)
•  SAINT-GOBAIN (France)
• Axens (Paris) 
• SK geo centric Co., Ltd. (South Korea)
• TotalEnergies, Devson Catalyst. (Paris)
•  GLOBAL PRECISION BALL AND ROLLER (Texas)
•  Dow (Michigan)