Polymer Concrete Market Size

Polymer Concrete Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The market for polymer concrete is expected to grow rapidly. By 2030, the market size is estimated to reach $750 billion. This growth rate is a high CAGR of 7.9% over the forecast period. This growth is mainly driven by the increasing demand for durable and sustainable construction materials, as well as the wide application of polymer concrete in areas such as roads, floors, and prefabricated product. Technological advances in polymer formulations and the development of new construction methods will further enhance the performance of the material and increase its market acceptance. The leading players in the polymer concrete industry, such as BASF SE, Sika AG, and DuPont, are investing in research and development to introduce high-performance products. Strategic initiatives such as joint ventures and agreements to enhance product portfolios and market reach are also expected to boost market growth.

Regional Market Size

Regional Deep Dive

Polymer concrete market is growing in all regions, driven by the growing demand for durable and high-performance building materials. In North America, the market is characterized by a strong focus on development and modernization of the road network. In Europe, the market is characterized by a large number of new applications in both the residential and commercial building sectors. In the Asia-Pacific region, polymer concrete is being widely used due to urbanization and industrialization. In the Middle East and Africa, the market is characterized by a focus on sustainable construction. In Latin America, polymer concrete is gradually being recognized as a solution to the varied climatic conditions, thereby enhancing the market dynamics.

North America

• The United States, under the terms of the new “Infrastructure Act,” has begun a series of major projects that are expected to boost the demand for polymer concrete in the construction of roads and bridges.
• Sika and BASF are investing in the development of advanced polymer concretes with improved properties and reduced environmental impact, in line with the trend towards sustainable building.
• Moreover, changes in the regulations are gradually favoring the use of polymer concretes because of their superiority in extreme weather conditions, especially in areas subject to heavy snowfalls and flooding.

Europe

• The Green Deal promoted the use of sustainable building materials such as polymer concrete and led to an increase in the use of eco-friendly building practices.
• Similarly, new polymer concrete technology, such as the self-healing concrete developed by companies like HeidelbergCement, is gaining ground, enhancing the life and safety of buildings.
• Amongst the countries of Europe, Germany and Holland, the construction materials are regulated very strictly, and that is the reason why polymer concrete is replacing ordinary concrete.

Asia-Pacific

• Rapid urbanization in China and India is resulting in an increase in the construction industry. This in turn is increasing the demand for polymer concrete in the construction of public works.
• The Australian government is investing in smart cities and in polymer concretes, to make them more sustainable and resilient.
• Polymer concrete in the Asia-Pacific region is being developed in the field of precasting elements for high-rise buildings, mainly by Boral and Holcim.

MEA

• The UAE Vision 2021 aims to promote the use of polymer concrete in various projects, including the Expo 2020.
• Saudi Arabia's NEOM project is expected to use polymer concrete and other advanced building materials to create a sustainable, technology-driven city.
• The regulations in the Middle East have become more and more concerned with the environment and are encouraging the use of polymer concrete for its good properties of endurance and its resistance to weathering.

Latin America

• In Brazil, the use of polymer concrete is growing in the construction of roads and bridges, especially in the regions where rains are frequent and floods are common.
• A local company has developed cost-effective polymer concrete products that are tailored to the region’s special climatic conditions.
• Governmental schemes for the improvement of the country’s roads and railways are more and more including polymer concrete, recognizing its advantages in respect of both service life and maintenance.

Did You Know?

“Polymer concrete can be used in places where compressive strength is required. Polymer concrete can be up to 50% stronger than conventional concrete.” — American Concrete Institute

Segmental Market Size

Polymer concrete is growing steadily, with its unique properties of strength, chemical resistance, and rapid curing. The growing need for sustainable building materials and the growing use of polymer concrete in the construction of new roads and bridges, especially in regions with harsh climates, are the main drivers of this market. Polymer concrete is also favored by regulatory policies that promote the use of sustainable materials.

Polymer concrete is now in a stage of mass production, with the notable exception of BASF and Sika, which have pioneered its application in several regions. The principal uses are for road repair, bridge building, and industrial flooring, where its strength and long life are crucial. Its popularity is growing rapidly, stimulated by the trend towards sustainable development and the government’s green procurement policy. The development of the polymer and its application methods is continuing to shape the industry.

Future Outlook

Polymer concrete is a polymer cement that is used in the manufacture of concrete. Polymer concrete is a kind of concrete that is made by combining a binder with a cement. Polymer concrete is a kind of material that is used in the construction industry. The use of polymer concrete is mainly in the field of road construction. The use of polymer concrete is expected to increase as a result of the increasing demand for durable and sustainable construction materials. As the world population increases, the need for high-performance and durable materials is expected to increase. Polymer concrete will be used in road construction, prefabricated products and repair works, and penetration rates in the key markets are expected to be around 25% in 2030.

Moreover, the polymer concrete industry has a great deal to look forward to in terms of technological advancements, such as new polymer formulations and improved curing processes. Also, government support for the development of sustainable building practices will continue to support growth. Emerging trends, such as the integration of smart materials into building products and the increasing focus on the reduction of construction waste, will also be crucial to the future of the polymer concrete market. As more and more companies, governments, and consumers become aware of the importance of sustainable and efficient building practices, the polymer concrete industry will be able to expand and will offer many lucrative opportunities to both manufacturers and investors.