Research Nester published a report titled “Polymer Concrete Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global polymer concrete market in terms of market segmentation by type, application, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global polymer concrete market is estimated to occupy a sizeable revenue by growing at a CAGR of ~7% during the forecast period, i.e., 2022 – 2030, attributing to the rising penetration of polymer concrete in the construction industry, and growing demand for chemical resistance construction materials from marine works and nuclear plants. Apart from these, increasing research to develop innovative construction materials around the globe is also expected to provide growth opportunities to the market in the coming years.
The market is segmented by type, application and end user. Based on type, the epoxy segment is anticipated to grab the largest market share during the forecast period on the back of high chemical resistance and appreciable fatigue resistance of epoxy-based composites. Additionally, by application, the containments segment is projected to occupy the largest share in the future ascribing to the rapid rate of industrialization.
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Geographically, the global polymer concrete market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific region is evaluated to garb the largest share in the market during the forecast period attributing to the increasing investment in construction activities in Southeast Asian countries, and rising consumer demand for polymer concrete.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Growing Penetration of Polymer Concrete in Construction Industry to Drive Market Growth
Over the last few years, polymer concrete is widely being used for new construction or repairing of old concrete all around the world. This can be attributed to the high durability, exception tensile strength and ability to form complex shapes. As a result, the demand for polymer concrete is estimated to increase in the future, which in turn is projected to drive market growth.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, less awareness about polymer concrete in the construction industry is expected to operate as key restraint to the growth of the global polymer concrete market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global polymer concrete market which includes company profiling of Interplastic Corporation, BASF SE, ACO FUNKI A/C, Honeywell International, Inc., SK global chemical Co. Ltd., GS Caltex Corporation, COSMO ENERGY HOLDINGS Co. Ltd., Fineway Inc., Marathon Petroleum Corporation, Devson Catalyst Private Limited, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global polymer concrete market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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