Polymer Concrete Market Expected To Increase CAGR By 6.54% By 2030 |

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According to ChemAnalyst report, “Global Polymer Concrete Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Knowledge Market Analysis Customers and Prices, 2015-2030 ”, Global Polymer Concrete market has witnessed tremendous growth over the past five years and is expected to reach a CAGR of 6.54% during the forecast period. Rapid urbanization supported by the growing need for chemical and environmental resistant building materials and the adoption of new construction techniques are expected to drive the demand for polymer concrete for the forecast period. In addition, continued infrastructure upgrades in disaster prone countries like Japan and South Korea are expected to push demand further during the forecast period.

Polymer concrete is a type of concrete that contains polymers instead of lime cement as a binder. Polymer concrete is a typical composite material where constituents such as curing agent, gravel, sand, filter, quartz powder, etc. are bonded in the polymer matrix of the composite material. Based on the type of polymer, polymer concrete can be classified into epoxy, vinyl ester, polyester, methyl methacrylate and others. Polymer concrete offers several advantages over conventional concrete and has properties such as moisture resistivity, adhesion, thermal stability, mechanical strength and heat resistance. Due to these properties, polymer concrete finds application in various fields such as asphalt pavements, construction and maintenance, industrial tanks, drainage systems and others.

Read the full report here: https://www.chemanalyst.com/industry-report/polymer-concrete-market-550

Polymer concrete is a material that has very high mechanical strength and apart from mechanical strength, it has environmental and chemical resistance and is lightweight compared to conventional concrete. This paves the way for polymer concrete to find application in almost any field requiring high environmental and chemical resistance, and light weight. Therefore, they find application in asphalt pavements, construction and maintenance, industrial tanks, drainage systems. Among the following application areas, asphalt pavement holds the major part of the global polymer concrete market. Industrial tanks which require high chemical resistance are also another area holding a large share of the polymer concrete market. The increasing urbanization supported by the increased construction needs of the above sectors will support the rising demand for polymer concrete for the forecast period.

Polymer concrete consists of a polymer matrix and other components such as hardening agent, gravel, sand, filter, quartz powder, etc. Its price is therefore directly related to fluctuations in the price of polymers such as epoxy, vinyl ester, polyester, methyl methacrylate, and others. In the first half of fiscal 2020, a sudden outbreak of the novel coronavirus followed by a drop in construction demand resulted in a major drop in global demand for polymer concrete, resulting in prices remaining low for polymer concrete during the coronavirus pandemic. Demand has picked up in recent quarters and is expected to increase due to growing demand in Asia-Pacific and North America. The continued reorganization of infrastructure in disaster-prone countries like Japan is also expected to be a growth engine after the pandemic.

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Regionally, Asia-Pacific dominates the global polymer concrete market and holds the largest market share in fiscal year 20. Asian polymer concrete market is expected to grow in economies like India, China and Japan due to ever-increasing urbanization and the high demand for environmental and chemical resistant building materials. South Asia, particularly India, appears to be the key market for polymer concrete, as the country is seen as a generally under-supplied market with limited domestic manufacturing. In addition, the growing focus of the Indian government on the development of modern infrastructure through government initiatives such as the Smart City program is also an influencing factor that is increasing the demand for polymer concrete in Asia-Pacific and Asia. especially in Southeast Asia.

Major players:

Aco Funki A / S,
ULMA architectural solutions,
Arizona Polymer Flooring Inc.,
TPP SDN BHD manufacturing,
BASF SE,
Polycare,
Metro Cast Corporation,
Forte Composites Inc.,
Kwik Bond Polymers,
Interplastic Company.

“Being linked to the high performance materials industry, the global polymer concrete industry has experienced robust growth alongside population growth and changing consumer preferences. China is the main growth region with sufficient installed capacity. India also shows an optimistic upward trend in demand over the forecast period as the government supports the development of modern infrastructure in its Smart Cities program. The overall polymer concrete price curve shows strong movement in line with polymers such as epoxy, vinyl ester, polyester, methyl methacrylate and others. This, along with the higher processing costs of polymer concrete, will keep the prices high compared to other conventional concretes. This could pose a challenge for demand during the forecast period. With the emergence of new competitors in the Asian polymer concrete market, players predict that there will be sufficient gaps between supply and demand in the future. At this point, it is extremely important to keep an eye on which region will gain the largest market share in the years to come. Said Mr. Karan Chechi, research director at TechSci Research, a global research-based management consultancy that promotes ChemAnalyst.

Contents

1. Product and type presentation

2. Global Polymer Concrete Market Outlook, 2015-2030
2.1. Capacity, by volume
2.1.1.By Region
2.2. Production
2.2.1.By region
2.3. Operational efficiency
2.3.1.By region
2.4. Capacity, by location
2.5. Capacity, by process
2.6. Capacity, by technology

3. Global Polymer Concrete Demand Outlook, 2015-2030, by Volume
3.1. By type
3.2. By application
3.3. By sales channel
3.4. By region
3.5. By company

4. North America Polymer Concrete Demand Outlook, 2015-2030, by Volume
4.1. By type
4.2. By application
4.3. By sales channel
4.4. By country

5. Asia-Pacific Polymer Concrete Demand Outlook, 2015-2030, by Volume
5.1. By type
5.2. By application
5.3. By sales channel
5.4. By country

Read the full report here: https://www.chemanalyst.com/industry-report/polymer-concrete-market-550

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