Polymer Concrete Market Size

Polymer Concrete Market Overview

Polymer Concrete Market is expected to surpass the market value of over USD 750 million by the year 2030 while registering a CAGR of 7.9% during the forecast 2021-2030. The conventional lime-type cement is replaced with concrete polymers because of the increased efficiency. the epoxy, polyester, and other polymer types are gaining momentum in the furniture and building industry, where the demand for sophisticated buildings is rising in recent times. The developed countries, due to the favorable economic condition are inclined towards projecting novel designs in their buildings and office spaces. The utilization of epoxy due to the glass-like finish is bringing aesthetical value to the applications. Such factors are expected to bolster the overall growth of the polymer concrete industry during the forecast period.

Moreover, the aging infrastructure and the increasing construction activities across the developing countries in bringing sophisticated buildings are expected to propel the overall growth of the polymer concrete industry during the forecast period. Some of the key applications like building pavement, industrial tanks, drainages, and significant others are considered emergency projects and therefore expected to present lucrative opportunities for the overall growth of the polymer concrete industry.

COVID 19 Analysis

Like several other industries, due to COVID-19, the construction industry was severely affected and the construction activities have been stopped throughout the pandemic. The workers were asked to maintain social distancing and the regulations and norms in some countries were severe that they had forced to halt the construction processes. Moreover, road transportation had reduced to over 50% in the year 2020 and it took several months to gain back its pace. Therefore the growth of the polymer concrete industry was severely affected during the pandemic.

 Market dynamics

 Market drivers

The potential characteristics such as higher compressive strength, higher resistance towards harsh climates, chemicals, and abrasion are some of the key factors that are stimulating the growth of the polymer concrete industry. Other characteristics such as permeability, leakages resistance, seepage, and other building issues could be overcome with polymer concrete. Therefore several established builders are utilizing polymer concrete thereby supporting the growth of the polymer concrete industry.

The demand for precision and precise molding and finishing are expected from the builders, which eliminates the issues related to the hydraulic flow and enhances the quality. Such factors are considered as the major drivers of the polymer concrete industry.

 Market opportunities

The primary application areas such as parking lots, airports, and surface roads in the construction industry, where asphalt concrete is used due to its potential characteristics are presenting a lucrative opportunity for polymer concrete market growth. Moreover, the builders use the hot mix asphalt cement for the construction to improve the rutting resistance, and to improve durability. Such practices are expected to propel the overall growth of the polymer concrete industry during the forecast period.

A recent study states that the demand for paved roads is expected to increase during the forecast period, where the builders are preferring to use asphalt pavement. The increasing road traffic and the plans on broadening the roads and building effective roadways are expected to bolster the overall growth of the polymer concrete industry during the forecast period.

Market restraints

There is no sufficient awareness about the advantages of polymer concrete in several countries and its potential applications. They are effective in areas where there is lesser energy and less labor. Such factors are not established in some countries. Such factors are considered as the major restraints of polymer concrete market growth.

The fluctuating price of the raw materials and the scarcity of the raw materials are also considered as the major restraints of the polymer concrete industry.

Market challenges

The higher costs of this polymer concrete compared to the conventional building materials and the unchanging attitude of the builders and construction industry are considered as the key challenges for polymer concrete market growth.

The increasing competition from the special type of plastics in the industry and the rising development in those criteria are considered as the major challenge for the growth of the polymer concrete industry. Also, the special types of plastics offer the same effect and properties yet are cheaper options, for these builders.

Cumulative growth analysis

The polymer concrete market value was at USD 448.1 million in the year 2019 and it is expected to surpass the market value of over USD 750 million by the year 2030 while registering a CAGR of 7.9% during the forecast period. The polymer concrete market growth is because of the higher performance of the polymer and the ability to perform varied actions. The demand for quality construction across the developed countries and the increasing construction activities are presenting lucrative opportunities for the overall growth of the polymer concrete industry during the forecast period.

The increasing spending made on the repairs and maintenance and the requirement of repairs due to the aging of these buildings is propelling the overall growth of the polymer concrete industry. The waste generated using these polymers is very less, hence they are cost-effective; also the processing methods are quite similar to the conventional ones. Therefore there is no complexity attached to the processing as well. Such factors are considered as the major drivers of polymer concrete market growth.

Value chain analysis

The growth of the polymer concrete industry is highly influenced by the growth of the construction industry. The asphalt pavement, building, industrial tanks, and drainage systems are some of the key applications of polymer concrete. The higher costs involved in the production of polymer concrete are considered as the major restraining factor of the polymer concrete industry. The trend of precast construction activities is increasing in developing countries. The precast construction methods significantly reduce the time consumption and give a proper look for the floor or construction work. Such practices are expected to boost the overall growth of the polymer concrete industry during the forecast period.

The potential characteristics of the polymer cement concrete include being highly impermeable which helps in reducing the porosity or eliminates the micro-cracks thereby strengthening the building and improving quality. Excellent durability, higher resistance to harsh conditions are boosting the overall growth of the polymer concrete industry.

Segment overview

Based on Class:

• Polymer Modified Concrete (PMC)


• Polymer Resin Concrete (PC)


• Polymer Impregnated Concrete (PIC)

Based on Type:

• Epoxy


• Latex


• Acrylate


• Polyester


• Vinyl


• Furan


• Others 

Based on Application:

• Containments


• Pump Bases


• Waste Containers


• Flooring Blocks


• Trench Drains


• Others 

Based on End-use Industry:

• Non-residential Structures


• Infrastructure


• Residential

Global Polymer Concrete Market Share in 2017, by Type of Polymer

Source: MRFR Analysis

Regional analysis:

North America is expected to possess a higher market share in the polymer concrete industry, due to the growing construction industry in the region. The only US contains over 680,000 employers and 7 million employees working in the construction industry and they are also rich in processes included in the manufacturing, mining, and varied services.

Moreover, the increasing number of construction activities such as new bridges in Clinton, Beaver, Clearfield, and significant others are propelling the overall growth of the polymer concrete industry. Moreover, the industrial construction activities are also increasing where the demand for constructing health centers is rising in recent years. A recent study conducted in the US states that the rise in construction activities is expected to rise in the future, where health centers are expected to rise by 5%, the commercial sector is expected to grow by 2% and retail construction is expected to grow with 1%. On the other hand, Europe is intensively adopting polymer concrete after their commercialization therefore the region is expected to closely follow North America.

Competitive landscape

• BASF (Germany)


• 
  Sika (Switzerland)


• Mapei (Italy)


• Fosroc (UK)


• Dow Chemical (US)


• 
  SAUEREISEN (US)


• Kwik Bond Polymers (US)


• Dudick (US)


• ErgonArmor (US)


• Crown Polymers (US).

 Recent developments:

The usage of orthoptic polyester resins and special additives are utilized intensively in the industry to reduce the shrinkage problems associated with the polymer concrete industry. 

The developments in water-soluble and polymer-based formulations are increasing in recent times and the development is driven towards environmentally friendly alternatives. The Volatile organic content is reduced due to these developments and therefore gaining approval from the regulatory bodies. They also become a beneficiary for the overall growth of the polymer concrete industry.

Report overview:

 This report has covered:

• Market overview


• COVID 19 Analysis


• Market dynamics


• Cumulative growth analysis


• Value chain analysis


• Segment overview


• Regional analysis


• Competitive landscape


• Recent developments

Segmentation Table:

Based on Class:

• Polymer Modified Concrete (PMC)


• Polymer Resin Concrete (PC)


• Polymer Impregnated Concrete (PIC)

Based on Type:

• Epoxy


• Latex


• Acrylate


• Polyester


• Vinyl


• Furan


• Others 

Based on Application:

• Containments


• Pump Bases


• Waste Containers


• Flooring Blocks


• Trench Drains


• Others 

Based on End-use Industry:

• Non-residential Structures


• Infrastructure


• Residential