Rising demand for chemical-resistant construction materials and growing awareness about eco-friendly concrete to boost global polymer concrete market through 2024.
According to TechSci Research report, “Global Polymer Concrete Market By Type, By Class, By Binding Agent, By Application, By End User Industry, By Region, Competition, Forecast & Opportunities, 2024”, global polymer concrete market is projected to surpass $ 645 million by 2024. Polymer concrete is a compound, which is a product of polymerization of a monomer/aggregate mixture. The polymerized monomer acts as binder for aggregates, and the resulting composite. Growing awareness about the use of polymers in concrete, in addition to increasing spending on repair & maintenance and upcoming infrastructure projects in developing countries, are the major factors expected to fuel growth in global polymer concrete market during forecast period.
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Asia-Pacific accounted for the largest share in global polymer concrete market in 2018 and is expected to maintain its dominance in the market during the forecast period, owing to increasing use of polymer concrete in repair and maintenance activities in the region. Instead of demolishing and reconstructing industrial, civil and other infrastructure, individuals and companies are opting for restoration of structures, which is driving the market growth. Civil infrastructure and non-residential structures are flourishing, owing to ample availability of labor and competitive cost base across the region. Furthermore, growing industrial sector, backed by high-scale economic expansion, is fueling the growth, especially in Asia-Pacific and the Middle East & Africa regions.
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Epoxy, the largest segment of global polymer concrete market, exhibits superior properties such as greater flexibility, higher heat resistance, and reduced chalking tendency in outdoor exposure, which in turn are boosting its demand in several applications such as containments, pump bases and waste containers. Backed by these properties, demand for epoxy is expected to continue to grow in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Polymer Concrete Market By Type, By Class, By Binding Agent, By Application, By End User Industry, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global polymer concrete market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in global polymer concrete market.
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