ID: MRFR/CnM/4553-HCR | February 2021 | Region: Global | 100 pages
Polymer Concrete Market is anticipated to grow at average CAGR during the forecast period 2018 -2023.
Polymer concretes are produced using polymer as a binder with conventional aggregate fillers. Conventional concrete is a composite material containing ordinary portland cement, water, coarse aggregates, and fine aggregates. When conventional alkaline portland cement is hydrated, it leaves void and pores when the water dries out, leaving gaps for water, and other substances to penetrate and crack the concrete. The strength of the concrete is influenced by the porosity of the hardened concrete. Polymer concrete uses strong polymeric resin bonded by aggregates instead or along with water and cement. Polymer concrete offer various advantages such as high compressive strength and impact strength, high resistance to freezing and thawing, high resistance to abrasion and chemical attack, fast curing, and reduced permeability. Thus, it is more desirable than conventional materials such as concrete, metals, fiberglass, and plastic. Various types of polymers are used for manufacturing of polymer concretes such as epoxy, polyester, vinyl, acrylate, furan, and others.
Polymer concretes are categorized into three types namely polymer concrete, polymer modified concrete, and polymer impregnated concrete. polymer concrete uses polymer as a binderbyreplacing cement in the composite mixture..In polymer modified concrete, polymer along with cement is used with course & fine aggregates. In polymer impregnated concrete, methyl methacrylate monomer is used for impregnating on wet cured portland cement, followed by polymerization with gamma radiations or chemically initiated means, i.e. by using thermal catalytic method (adding 3% by weight benzoyl peroxide) to the monomer as a catalyst. The impregnation is aided by drying the concrete at a higher temperature by evacuations and soaking in the monomer under pressure.
Increasing need for weather resistant construction material is expected to drive the growth of the polymer concrete market in both developed and developing economies over the forecast period, 2018-2023. However, high cost of the polymer concretes is expected to hamper the market growth. Therefore, the use of polymer concrete is limited to very specialized civil engineering applications such as heavy-duty drainage pipes, industrial containments & tanks, stress-resistant overlay projects, and marine projects among other.
Global Polymer Concrete Market Share in 2017, by Type of Polymer
Source: MRFR Analysis
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 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.
The global polymer concrete market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.
North America held the largest market share of the polymer concrete in 2017 owing to bolstering demand from residential, commercial & industrial, and infrastructural projects and is expected to continue growth during the forecast period.
Europe was one of the largest markets for polymer concrete after North America in 2017 due to high demand from residential, commercial, industrial, and infrastructural projects, and is expected to show considerable growth during the forecast period. Furthermore, high emphasis on research & development and technologically advanced products is positively impacting the polymer concrete market.
Asia Pacific accounted to be the fastest growing market for polymer concrete in terms of value and volume in 2017 and is expected to continue rising demand during the forecast period. Rapid industrialization and urbanization due to expanding population, relaxed investments norms, growing disposable income, and growing infrastructural projects across the region are expected affect the market growth, positively.
The Middle East & Africa is expected to witness a rising demand for polymer concrete over the forecast period owing to ongoing infrastructural projects such as government initiative to flourish the tourism industry in the UAE, Qatar, and Saudi Arabia among others.
Latin America market is expected to witness sluggish growth on account of high cost of polymer concrete over traditional concrete during the forecast period.
Some of the major players operating in the global polymer concrete market are 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.), and FORTE COMPOSITES, INC (U.S.).
|Market Size||2027: Significant Value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Class, Type of polymer, Application, and End-use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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.), and FORTE COMPOSITES, INC (U.S.)|
|Key Market Opportunities|
|Key Market Drivers|
Frequently Asked Questions (FAQ) :
Polymer concrete is a concrete formulation using a polymer as a binder to enable enhanced binding and strength.
Major types of polymer concrete include polymer concrete, polymer modified concrete, and polymer impregnated concrete.
The growing construction industry is likely to be the major driver for the global polymer concrete market.
North America held the largest share in the global polymer concrete market in 2017.
Leading players in the polymer concrete market include Sika AG, MAPEI Corporation, and Dudick Inc., among others.