Market Size of Polymer Concrete Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polymer Concrete Market Analysis
The Polymer Concrete Market size is estimated at 2.63 Billion tons in 2024, and is expected to reach 3.21 Billion tons by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).
COVID-19 had a negative impact on this market during 2020 and 2021 due to supply chain disruptions and the halt of construction activities. Lockdown measures and travel restrictions hampered infrastructure projects, thereby dampening the demand for polymer concrete in construction applications. However, the market is slowly recovering, and there is an expected positive growth in the polymer concrete market.
- The increasing demand for chemical-resistant construction materials and increasing overlay projects are expected to fuel the market growth.
- On the flip side, a need for more awareness about polymer concrete in emerging economies is anticipated to hinder the growth of the market over the forecast period.
- Further, the growing demand for polymer concrete in several end-user industries is likely to create lucrative growth opportunities for the global market in the future.
- North America dominated the market across the globe, with the largest consumption in a country such as the United States, Canada, etc.
Polymer Concrete Industry Segmentation
Polymer concrete is a unique material formed by polymerizing a monomer or aggregate mixture. The polymer serves as a binder, holding the aggregate particles together. This type of concrete is produced by minimizing the voids between aggregates, reducing the amount of polymer required to bind the particles effectively. Polymer concrete offers a range of advantages over conventional Portland cement concrete. It possesses superior characteristics such as high compressive strength, rapid curing, exceptional specific strength, and chemical resistance, making it a versatile material used in various industries.
The polymer concrete market is segmented by polymer type, application, and geography. By polymer type, the market is segmented into epoxy, polyester, methyl methacrylate, latex, acrylate, and other polymer types(furan, phenolic-formaldehyde, acetone-formaldehyde, and carbamide). By application, the market is segmented into asphalt pavement, building and maintenance, industrial tanks, prefabricated products for drainage systems, and other applications(outdoor furniture and solid surface counters and overlays). The report also covers the market sizes and forecasts for the polymer concrete market in 15 countries across major regions. For each segment, the market sizing and forecasts are done on the basis of volume(tons).
| Polymer Type | |
| Epoxy | |
| Polyester | |
| Methyl Methacrylate | |
| Latex | |
| Acrylate | |
| Other Polymer Types (Furan, Phenolic-Formaldehyde, Acetone-Formaldehyde, and Carbamide) |
| Application | |
| Asphalt Pavement | |
| Building and Maintenance | |
| Industrial Tanks | |
| Prefabricated Products for Drainage Systems | |
| Other Applications (Outdoor Furniture, and Solid Surface Counter and Overlays) |
| Geography | |||||||
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Polymer Concrete Market Size Summary
The polymer concrete market is poised for significant growth over the forecast period, driven by increasing demand for chemical-resistant construction materials and the rising number of overlay projects. Despite the initial setbacks caused by the COVID-19 pandemic, which disrupted supply chains and halted construction activities, the market is on a recovery path. The growing need for durable and high-performance materials in construction, particularly in asphalt pavement applications, is expected to bolster market expansion. However, the lack of awareness about polymer concrete in emerging economies may pose challenges to market growth. North America, with the United States leading, remains the dominant region in terms of market share, supported by robust construction activities and infrastructure development.
The demand for polymer concrete is further fueled by the expansion of road networks and the increasing use of polymer-modified asphalt in road construction, which offers benefits like improved rutting resistance and enhanced durability. The global road network's expansion, particularly in countries like the United States, China, and India, underscores the growing need for polymer concrete in asphalt pavements. Additionally, significant investments in road connectivity and infrastructure development, especially in developing countries, are expected to drive market growth. The polymer concrete market is characterized by its fragmented nature, with key players such as BASF SE, Interplastic Corporation, and ULMA Architectural Solutions actively contributing to its development through strategic expansions and innovations.
Polymer Concrete Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Need for Chemical Resistant Construction Material
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1.1.2 Increasing Overlay Projects in North America
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1.1.3 High Demand for Lightweight Materials in End-user Industries
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1.2 Restraints
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1.2.1 Lack of Awareness about Polymer Concrete in Developing Economies
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1.2.2 Lack of Raw Material Availability
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size In Volume)
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2.1 Polymer Type
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2.1.1 Epoxy
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2.1.2 Polyester
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2.1.3 Methyl Methacrylate
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2.1.4 Latex
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2.1.5 Acrylate
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2.1.6 Other Polymer Types (Furan, Phenolic-Formaldehyde, Acetone-Formaldehyde, and Carbamide)
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2.2 Application
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2.2.1 Asphalt Pavement
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2.2.2 Building and Maintenance
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2.2.3 Industrial Tanks
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2.2.4 Prefabricated Products for Drainage Systems
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2.2.5 Other Applications (Outdoor Furniture, and Solid Surface Counter and Overlays)
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Polymer Concrete Market Size FAQs
How big is the Polymer Concrete Market?
The Polymer Concrete Market size is expected to reach 2.63 billion tons in 2024 and grow at a CAGR of greater than 4% to reach 3.21 billion tons by 2029.
What is the current Polymer Concrete Market size?
In 2024, the Polymer Concrete Market size is expected to reach 2.63 billion tons.
