Industry Segments:

The global polymer concrete market is segmented by class, type of polymer, application, end-use industry, and regions.

On the basis of the class, the global polymer concrete market is segmented into polymer concrete, polymer modified concrete, polymer impregnated concrete, and others.

On the basis of the type of polymer, the global polymer concrete market is segmented into the epoxy, polyester, vinyl, acrylate, latex, furan, styrene butadiene rubber, and others.

On the basis of the application, the global polymer concrete market is segmented into asphalt pavement, building, and maintenance, industrial tanks & containments, prefabricated products for drainage systems, marine works, and others.

On the basis of the end-user industry, the global polymer concrete market is segmented into residential, commercial, industrial, and infrastructure.

On the basis of the region, the global polymer concrete market is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

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Top Manufacturers:

Sika AG (Switzerland),
MAPEI Corporation (Italy),
Fosroc Inc. (U.K.),
Sauereisen Inc. (U.S.),
Kwik Bond Polymers (US),
Dudick Inc. (U.S.),
ErgonArmor (U.S.),
Crown Polymers Corp. (U.S.),
Cornerstone Construction Material (U.S.),
FORTE COMPOSITES, INC (U.S.)
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Market Definition:

Polymer concrete is used in construction applications in place of traditional concrete and is produced by mixing concrete with polymers instead of cement as a binder. Thermoplastic polymers are mostly used in polymer concretes, as they can be easily molded and remolded with heat. While traditional concrete uses cement as the binder, polymer concretes use polymers in its place. This gives polymer concrete several advantages over traditional concrete, as polymers are more solid and durable than cement and also do not allow the formation of cracks or pores upon being hardened. Polymeric resins offer a much stronger bond than the bond between cement and water, and also exhibit a much higher tolerance to physical and chemical attacks such as the temperature shifts during the day and night and chemical exposure. This is likely to drive the global polymer concrete market over the forecast period.

Geographical Analysis:

The global polymer concrete market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.

North America accounted for the major share of the global polymer concrete market in 2017 and is expected to continue growing at the same pace during the forecast period. Repair and restoration activities across the region are attributed to the increasing use of polymer concrete material and are expected to drive the growth of the polymer concrete market. Furthermore, significant road & bridge construction activities across the region are also driving the polymer concrete market to a large extent.

Europe is another substantial region in market and is expected to witness high demand during the forecast period. Substantial benefits of polymer concrete over conventional concretes are the factors contributed to the growth of the polymer concrete market in the region. Furthermore, more emphasis on technologically advanced products is expected to drive demand for polymer concretes from building & maintenance activities, industrial tanks & containments, prefabricated products for drainage systems, and others during the forecast period 2018-2023.

Asia Pacific is expected to be the fastest growing market for polymer concrete, in terms of value and volume, in 2017. Growing consumption of polymer concrete in residential, commercial & industrial, and infrastructural projects due to rapid industrialization and urbanization on account of expanding population is expected to drive the growth of the polymer concrete market over the forecast period. Furthermore, relaxed investments norms, particularly in China & India, facilitates shifting of large manufacturers from mature markets such as Europe and North America to Asia Pacific are expected to affect the market growth positively.

The Middle East & Africa is expected to witness rising demand for polymer concrete owing to ongoing infrastructural projects such as Smart City and Dubai Expo 2020 in the UAE, Lusail City, and FIFA world cup 2022 in Qatar.

Latin America is expected to witness moderate demand for polymer concrete owing to its relatively high cost and the market during the forecast period.

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