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.
The global polymer concrete market on the basis of class is segmented as polymer modified concrete, polymer resin concrete and polymer impregnated concrete. Amongst these classes, polymer modified concrete have been observing largest revenue throughout the estimation period.
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 2020 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.
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The global polymer concrete market has also been segmented by end-user into civil infrastructure, non-residential structure, and residential structure. Among the three segments, civil infrastructure was projected to hold the largest revenue by 2027.
The enhanced investment in developmental projects and rapid escalation in repair and maintenance accomplishments in the civil infrastructure segment are further driving the growth of this market. The construction industry performs a significant part in economic development by generating more employment and efficient allocation of funds.
Globally industry players are leveraging market growth by replacing the cheap substitutes of products to providing superior quality options for varied ranges of applications across the globe.
The Asia Pacific was projected to witness the 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 the polymer concrete market in this region by 2027.
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.
Source: VynZ Research