Global Polymer Concrete Market - Analysis and Forecast to 2024 | BASF SE, BaseTek

The global polymer concrete market is projected at $2.1 billion in 2017 and is expected to reach $3.4 billion by 2024, at a CAGR of 7.2% during 2018-2024. This market is witnessing significant growth owing to increasing responsiveness concerning the usage of polymers in concrete as it offers multi-tasking and enhanced performance. Extensive spending on maintenance and repair along with rapid growth in infrastructural and developmental actions in growing economies are the major factors driving the growth of polymer concrete market globally.

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On the basis of type, polymer concrete market is segmented into epoxy, polyester, vinyl and others (phenolic-formaldehyde, acetone-formaldehyde and carbamide). Among all the types of polymer concrete, epoxy was estimated to be the largest segment in 2018 owing to its several enhanced features such as greater heat resistance; enhanced flexibility and chalking propensity in outdoor acquaintance have accelerated the demand for polymer concrete across the globe. Moreover, these features of Epoxy are further expected to exaggerate the growth of this market in the near future.

On the basis of application, the polymer concrete market is classified into containments and waste containments, pump bases, trench drain, flooring blocks and others. Among these segments, in 2017 trench drain held largest revenue with more than 26.0% share of revenue. The increasing growth of polymer concrete is attributed towards development of effective and efficient drainage systems that helps in fulfilling the needs of huge growing population worldwide.

Geographically, Asia Pacific was projected to witness fastest growth and also the largest market for polymer concrete due to its abundant accessibility of labor, prosperous manufacturing segment, economical cost structure and swelling demand from customers are expected to drive the growth of polymer concrete market in this region by 2024. Additionally, there are certain macroeconomic factors that are further influencing the growth of this market in Asia-Pacific such as increasing disposable income, huge population and essentially the extensive investments undertaken for building & construction accomplishments in this region is anticipated to make this region one of the most auspicious markets for polymer concrete.

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Competitive Insight

Some of the major players operating in the global polymer concrete market are Fosroc International Ltd., Dudick Inc., Forte Composites Inc., Crown Polymers Corporation ACO Severin Ahlmann GmbH & Co. KG, ErgonArmor, BASF SE, BaseTek, Sauereisen Inc., and Sika AG.

Global Polymer Concrete Market Coverage

Class Insight and Forecast 2014 - 2024

• Polymer Modified Concrete
• Polymer Impregnated Concrete
• Polymer Resin Concrete

Type Insight and Forecast 2014 - 2024

• Epoxy
• Vinyl
• Polyester
• Others

Application Insight and Forecast 2014 - 2024

• Containments and Waste Containments
• Pump Bases
• Trench Drain
• Flooring Blocks
• Others

End-User Insight and Forecast 2014-2024

• Civil Infrastructure
• Non-Residential Structure
• Residential Structure

Geographical Segmentation

Polymer Concrete Market by Region

North America

• U.S.
• Canada

Europe

• Germany
• U.K.
• France
• Italy
• Russia
• Rest of Europe

Asia Pacific

• Japan
• China
• India
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East and Africa

• U.A.E.
• Saudi Arabia
• Rest of Middle East and Africa

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