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Polymer Concrete Market

Global Market Study on Polymer Concrete: Growing Adoption in Repair & Maintenance of Infrastructure

Polymer Concrete Market by Material Type (Polyester, Vinyl Ester, Epoxy Based, and Others), Vinyl esters may be made inexpensively and can withstand corrosive and chemical solutions.

Market Snapshot

Latest Market estimations released by Persistence Market Research (PMR), global Polymer Concrete Market is all set to witness robust growth opportunities over 2023 to 2033 period. Announcement of numerous construction projects across the world is anticipated to propel the market valuation to cross US$ 930.1 Million by 2033 end.

Market Valuation (2022A)

US$ 419.2 Million

Market Estimation (2023E)

US$ 451.3 Million

Market Projection (2033F)

US$ 930.1 Million

Value CAGR (2023 to 2033)

7.5%

Top 3 Countries Share (2033E)

50% to 55%

Polymer concrete is a type of composite material which is manufactured by polymerization of a monomer/aggregate mixture. The polymerized monomer works as a binder for the aggregates and hence, the resulting composite is known as polymer concrete.

Polymerization in aggregates provides enhanced linkage and increased durability and strength to resulting concrete. Owing to its better specifications compared to conventional concrete, demand for polymer concrete is increasing at above average industry growth rates. The market has started to setting up its place in overall concrete industry. Currently, the polymer concrete demand is anticipated to hold around 0.1% share of overall concrete industry. The market is anticipated to expand this share to 1% by the end of the forecast period.

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Historical (2018 to 2022) v/s Forecast (2023 to 2033) Market Outlook

The construction industry determines the demand for polymer concrete. Owing to various setbacks faced by the construction industry over the historical timeframe of this analysis, the demand for the product was hampered. The market has witnessed dominant falls in 2020 and 2021 due to a complete halt in the construction industry. Various governmental initiatives to get the construction industry back on track and the announcement of numerous infrastructural developments in early 2022 provided a boost to market growth. FIFA world cup Qatar 2022, The Grand Ethiopian Renaissance Dam, Merdeka 118, and various others were the leading construction projects that promoted the market growth.

Developing countries such as India, Saudi Arabia, Qatar, Malaysia, and various others are investing a fair share of their annual budgets in infrastructure development. According to U.S. Census Beareau, yearly construction spending worldwide was pegged at US$ 9.5 Trillion in 2014, which has expanded to around US$ 13 Trillion in 2021. Increasing infrastructural development activities is anticipated to promote this value up to US$ 20 Trillion by the end 2033. Such extraordinary growth in the construction industry is justifying the high growth rates of the polymer concrete market over the forecast period.

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Market Dynamics

Superior Characterstics Compared To Conventional Concrete To Promote The Demand

Superior characterstics of polymer concrete is the leading factor promoting the demand for polymer concrete higher than its alternatives. Reinforcement of polymers increases the durability, compressive strength, and even impact strength too.

Polymer reinforcement also decreases permeability, resulting in better water repellent capacity of the product. Large scale construction projects creates a huge demand for the increases water resistant capacity across concrete industry.

Upgradation Of Sewage Systems To Foster Sales Of Polymer Concrete Additives

The number of dedicated applications where polymer reinforced concrete might be employed, such those in residential and commercial applications, has been developing quickly due to rapidly expanding infrastructure operations on a worldwide scale. For instance, the East Asia and South Asia Pacific area has seen a sharp increase in the need for sewage pipelines.

Due to its high tensile strength and quick curing properties, polymer concrete is mostly used in projects that contain chemicals and liquids that cause the degradation of infrastructures, such as manholes, swimming pools, and parking garages.

Population growth has increased the need for sewage system modifications, which is projected to fuel demand throughout the forecast period. The development of new sewage systems and the building of new highways, dams, and bridges in countries like China are also predicted to present growth prospects for businesses operating in the market.

Industrial applications of polymer concrete gaining prominence

Polymer concreate is establishing their foothold in industrial sector as well. Significant advantages in industrial applications include vibration dampening, quick curing, and molding felixinbility. Other benefits include enhanced resistance towards chemical, corrosion, wear, and tear, which makes polymer concrete a ideal for industrial structures.

For instance, few of the key industries that are experiencing increased utilization of polymer concrete includes chemical, energy utilities, pulp & paper, and metallurgy. A few of the most popular end user application fields for polymer concrete are waste containers, pump bases, industrial flooring blocks, chemical containments, and trench drains.

Despite of such high growth prospects of industrial usage of polymer concrete, residential and municipal applications still manages to generate leading chunk in the market. The demand for polymer concrete has surged as a result of technological advancements in the municipal sector for drainage infrastructure applications. When compared to traditional drainage materials, drainage structures made of polymer cement have more accurate finishing, which results in efficient fluid flow levels and greater discharge rates.

High Cost Of Polymer Concrete Is Longstanding Challenge For Manufacturers

Reinforement of polymers in concrete increases overall production cost of the product. Despite of such benefits offered, demand is hampered by its high cost. Various potential industrial application are unable to adopt this shifting trend owing to high product cost. End-users are utilizing polymer concrete limited to surface layer applications instead of whole polymer concrete constructions, resulting in hampered growth rate of the product.

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Country-wise Analysis

What is the growth outlook for China Polymer concrete Market?

Booming Chinese contruction industry to present robust growth opportunities”

The Chinese construction industry has witnessed robust growth over the past few years. According to a study published Chinese construction industry has crossed the valuation of US$ 4.5 Trillion in 2021. The industry is anticipated to register a CAGR of 4.1% over the forecast period.

The Chinese construction industry has immense potential owing to its vast population and industrial infrastructure. Economic recession and corona virus disease has caused various setbacks on Chinese economy, especially construction and Manufacturing industry were hampered on notable scale. Demand for polymer concrete is anticipated to witness sluggish growth while looking at short term sceanrio. On the other hand, in the long run, the market is anticipated to recover rapidly and represent substantial growth opportunities for the manufacturers operating in it.

What Is The Commercial Potential Indian Polymer Concrete Industry?

“Indian Infrastructural investment to set new growth avenues”

The Indian economy's main engine is the infrastructure industry. The government places a strong emphasis on this sector because it is crucial to India's overall growth and because it can help to ensure that world-class infrastructure is built in the nation on schedule. Power, bridges, dams, highways, and urban infrastructure development are all included in the infrastructure industry. In other words, the infrastructure sector propels the development of related industries including townships, housing, built-up infrastructure, and construction development projects, acting as a catalyst for India's demand for polymer concrete.

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Category-wise Insights

Which Is The Most Grossing Material Type Of Polymer Concrete?

“Increasing sales for vinyl ester to propel the market growth”

Vinyl ester is projected to command the market among the many different polymer concrete material kinds, including polyester, epoxy-based, and many more. Additionally, polyester is anticipated to command the market's second-largest share.

Vinyl esters may be made inexpensively and can withstand corrosive and chemical solutions. Since vinyl esters are typically regarded to be more brittle than epoxies, they frequently undergo more shrinkage in polymer concrete than epoxies. They are harder, more thermally resistant, and more vibrationally robust than polyester, which further minimizes the risk of breaking from impact loads.

Competitive Landscape

Global polymer concrete market is fairly consolidated with leading players holding dominant shares in market. BASF SE, Sika AG, ACO group, and few others are positioned as market leaders, as per the latest market study published by PMR. Key manufacturers operating in the market are engaged in product innovation to cater the innovation trends in the market. For instance, a leading manufactures are developing polymer composition to increase strength of lightweight concrete materials. Another manufacturer has developed ready mix polymer concrete to gain competitive edge in the market.

Scope of Report

Attribute

Details

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

  • USD Million for Value
  • Tons for Volume

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • BENELUX
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Association of South East Asian Nations
  • Australia and New Zealand
  • Gulf Co-operation Council Countries
  • Türkiye
  • Northern Africa
  • South Africa

Key Segments Covered

  • Material Type
  • Binding Agent
  • Application
  • End use
  • Region

Key Companies Profiled

  • BASF SE
  • Sika AG
  • Wacker Chemie AG
  • Dudick Inc.
  • ACO Group
  • Kwik Bond Polymers LLC
  • Sauereisen Inc.
  • Hubbell Power Systems Inc.
  • Forte Composites, Inc.
  • Ulma – Architectural Solutions
  • Sandmix Sp. Z.o.o. S.K.
  • Mapei
  • Fosroc
  • Dow Inc.
  • Fineway Inc.
  • Cosmo Energy Holdings Co. Ltd.
  • Idemitsu Kosan Co. Ltd.
  • Global Precision Ball and Roller
  • Devson Catalyst private Limited
  • Marathon Petroleum Coporation

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available Upon Request

Key Segments Covered in Polymer Concrete Industry Research

By Material Type

  • Polyester
  • Vinyl Ester
  • Epoxy based
  • Others

By Binding Agent

  • Natural Resin
  • Synthetic Resin

By Application

  • Solid Surface Countertops
  • Outdoor Sears and Benches
  • Waste Containers
  • Pump Bases
  • Flooring Blocks
  • Chemical Containments
  • Trech Drains
  • Others

By End use

  • Industrial
    • Energy and Utilities
    • Pulp and Paper
    • Chemicals
    • Metallurgy
    • Food Processing
    • Automotive
    • Others
  • Residential and Municipal
    • Buildings
    • Roadways
    • Pipes and Tunnel Liners
    • Bridges
    • Others
  • Commercial
    • Service Stations
    • Retail Spaces
    • Others

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

- Companies Covered in This Report -

  • BASF SE
  • Sika AG 
  • Wacker Chemie AG 
  • Dudick Inc. 
  • ACO Group 
  • Kwik Bond Polymers LLC 
  • Sauereisen Inc. 
  • Hubbell Power Systems Inc. 
  • Forte Composites, Inc. 
  • ULMA - Architectural Solutions 
  • Sandmix Sp. z o.o. S.K.

- Frequently Asked Questions -

The global market of has reported a valuation of US$ 419.2 Million in 2022.

The global market is estimated to reach a valuation of US$ 451.3 Million in 2023.

The global market is estimated to reach a valuation of US$ 930.1 Million in 2033.

The global market has exhibited a value CAGR of 4.3% over the last four Years

The global market has projected a value of CAGR of 7.5% from 2023 to 2033.

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