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Global Concrete-Polymer Material Market Insight December 31, 2021 Comments

The Concrete-Polymer Material is forecast to Rapid growth over the next years. According to the World Knowledge Information (WKI) “Global Concrete-Polymer Material Professional Survey Report 2021, Forecast to 2026”, The increasing awareness of the high performance of polymer concrete is the main trend in the polymer concrete market. The traditional form of concrete has poor insulation performance and long installation time. Polymer concrete exhibits high-performance properties, such as high impact resistance and high tensile strength, which has led to its increasing adoption. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 7.46% base on WKI regression analysis model.

 

Analysts’ Viewpoint:
“In recent years, major players in the polymer concrete market have adopted a number of strategic measures, such as product launches and geographic expansion, in order to gain a competitive advantage in the industry. One of the main opportunities in the polymer concrete market is the emergence of fiber-reinforced polymer concrete. Increase the tensile strength of concrete by adding carbon fiber. Therefore, it is recommended that manufacturers vigorously innovate new fiber polymer materials, which is expected to create huge opportunities for market growth.”said Jennie, Senior analyst, Chemical industry Market Research Center in WKI.

Market insight:
The rapid urbanization, mainly in the Asia-Pacific region, led to the steady expansion of the construction business, which subsequently boosted the demand for the concrete polymer market because of its long life and low maintenance costs. Concrete polymer has strong adhesion properties, making it a perfect solution for repairing cement-based and polymer-based water machines. However, because the price of concrete polymer is relatively high compared with other materials, its end use is limited to special requirements. In addition, because of the relatively high price of concrete polymer, and because the surface application serves the application of concrete polymer well Purpose, the end user prefers the surface layer application of concrete polymer rather than the complete concrete polymer structure. Special types of plastics have proven to be cheap alternatives to concrete polymers. Therefore, these factors have hindered the global concrete polymer market.
Competition Landscape:
In recent years, major players in the polymer concrete market have adopted a number of strategic measures, such as product launches and geographic expansion, in order to gain a competitive advantage in the industry. For example, in November 2017, Sika Corporation opened its first concrete admixture production plant in Ethiopia. The plant aims to produce various types of building materials, such as admixtures, waterproofing materials, sealing and bonding materials, renovation materials, flooring materials and roofing materials. In addition, in February 2016, Fosroc International launched a new joint sealant Thioflex 555 for curing and sealing joint concrete roads, runways, aprons and hard areas.Some of the major players in the global polymer concrete market are BASF, Sika AG, Fosroc International Ltd., Crown Polymers Corporation, ErgonArmor, Dudick Inc., Sauereisen Inc., and Forte Composites Inc.
Segmentation of Concrete-Polymer Material Market:
According to the type, the market is mainly divided into: epoxy resin, polyester, vinyl ester, etc. Epoxy resin occupies a large market share. Due to its excellent shock resistance, high shock resistance, high adhesion to the concrete surface, etc., they are increasingly used in construction. The concrete polymer market can also be subdivided into: polymer-modified concrete, polymer-resin concrete, polymer-impregnated concrete, of which polymer-modified concrete occupies the main market share, which is attributed to the cost advantages it provides for other categories , Because of their low polymer content.According to the application, the market is divided into containment and polymer concrete waste containers, foundation pumps, apartment buildings and other drains. In terms of size, drainage ditch occupies a larger share of the market, which is attributed to the increasing demand for repairing drainage systems in cities and rural areas around the world.
Concrete-Polymer Material Market: Regional Analysis
In terms of geography, the global Concrete-Polymer Material market has been segmented into:Asia Pacific, North America, Western Europe, Central and Eastern Europe, Middle East and Africa, South America.The Asia-Pacific region is the largest market for polymer concrete. The region’s booming manufacturing industry, sufficient labor force, competitive cost base, and growing consumer demand are expected to drive the polymer concrete market throughout the region. In addition, the impact of macroeconomic stimulus, such as population growth, increased disposable income, and most importantly, increased investment in construction and construction activities in Southeast Asian countries, is also expected to make the region one of the most promising markets for polymer concrete.

 

Cagr: 7.46%
Largest share area:Asia-Pacific
Largest share country:China