In 2017, the global polymer concrete market generated
$1,975.8 million and is expected to attain $2,964.0 million in 2023,
registering a 7.1% CAGR during the forecast period (2018–2023). The market is
witnessing growth due to the rise in repair and maintenance activities and
increasing civil construction projects. An aggregate mixture which makes use of
epoxy binder to harden into place is referred to as polymer concrete. It can be
made with various kinds of polymer resins, such as polyester, vinyl-ester,
epoxy, and others, which allow concrete to be poured and then harden.
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The increasing number of civil construction projects is a major driving factor of the polymer concrete market. The construction industry creates jobs and channelizes investments and thus plays a significant role in the economic development of a country. Therefore, the governments around the world are increasing their investments in civil construction projects, such as roads, buildings, airports, sewer systems, railways, water reservoirs, bridges, tunnels, and others. For example, in Germany, 189 strategic infrastructure projects were in the developmental phase as of 2017, with a total investment of $129.6 billion.
In terms of application, the polymer concrete market
is categorized into pump bases, trench drain, containments & waste
containers, flooring blocks, and others (which include outdoor furniture,
overlays, solid surface counter, and park benches). Among these, the trench
drain category dominated the market during the historical period (2013–2017),
holding a share of more than 26.0% in 2017, in terms of value. The reason for
this is the growing construction of efficient drainage systems for catering to
the needs of the surging population around the world.
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When end user is taken into consideration, the polymer
concrete market is divided into residential structure, civil
infrastructure, and non-residential structure. Out of these, the civil
infrastructure division dominated the market during the historical period,
accounting for a revenue share of more than 55.0% in 2017, and is projected to
retain its position during the forecast period. The reason for this is the
growing construction of civic infrastructural facilities, such as drainage
systems and roads, around the world. The fastest growth is predicted to be
witnessed by the non-residential structures during the forecast period.
The research offers the global market size of polymer concrete for the period 2013-2023.
GLOBAL POLYMER CONCRETE MARKET
