Polymer Concrete Market Size, Share, Opportunities, And Trends By Material Type (Polyester, Vinyl Ester, Epoxy Based, Others), By Binding Agent (Natural Resin, Synthetic Resin), By Application (Solid Surface Countertops, Outdoor Seats & Benches, Waste Containers, Pump Bases, Flooring Blocks, Chemical Containments, Trench Drains, Others), By End Use (Industrial (Energy & Utilities, Pulp & Paper, Chemicals, Metallurgy, Food Processing, Automotive, Others), Residential & Municipal (Buildings, Roadways, Pipes & Tunnel Liners, Bridges, Others), Commercial (Service Stations, Retail Spaces, Others)), And By Geography - Forecasts From 2023 To 2028

The polymer concrete industry is predicted to grow significantly over the forecast period due to rising demand for long-lasting and high-performance building materials. Polymer concrete is a composite material comprised of resin and aggregate that has remarkable strength, durability, and resistance to corrosion and abrasion. Polymer concrete is gaining popularity in the construction business due to its multiple advantages, including high strength-to-weight ratio, chemical resistance, and simplicity of maintenance. Furthermore, the increased need for high-quality building materials in infrastructure projects and commercial development is propelling the polymer concrete market forward.

Introduction:

Polymer concrete is a form of concrete in which synthetic polymers replace the standard water-based binder. This novel method not only increases its strength and durability but also provides it with exceptional chemical resistance. Furthermore, polymer concrete is far lighter and easier to work with than traditional concrete. Owing to these characteristics, it is a flexible alternative for a wide range of applications. The worldwide need for infrastructure development projects is increasing. Countries throughout the world are beginning large-scale programs to modernize their transportation, energy, and public utility networks. The robust demand for high-performance building materials such as polymer concrete has consequently witnessed a significant increase. The polymer concrete industry is predicted to expand significantly in the next years due to rising demand for high-performance construction materials. Polymer concrete has various advantages over traditional concrete, including a higher strength-to-weight ratio, improved resistance to chemicals and abrasion, and simplicity of maintenance. The increased need for high-quality building materials in infrastructural and commercial development projects is driving the expansion of the polymer concrete market.

Drivers:

• The rising demand for durable construction materials is a primary market driver: The increased need for long-lasting building materials is driving market growth. Polymer concrete is an excellent alternative for infrastructure construction, maintenance, and repair because of its exceptional durability, environmental benefits, resilience, and ongoing technical developments. The growing need for strong infrastructure, as well as the requirement to extend the life of current projects, are expected to generate many chances for the polymer concrete market to develop.
• The rising restoration, maintenance, and renovation activities are creating favorable market dynamics: The restoration and upkeep of aged infrastructure represent a tremendous commercial potential. With many structures reaching the end of their functional lifespans, materials that may efficiently repair and prolong their longevity are in high demand. Attributing to its exceptional adhesive qualities, polymer concrete is a great material for repair and restoration. It bonds effectively with existing concrete structures, offering strength and protection against future degradation.
• The demand for chemical and acid-resistant materials from the chemical industry is propelling growth: Chemical and acid resistance are in high demand, fueling product development across industries such as petrochemicals, chemical processing, and wastewater treatment. Its high chemical resistance makes it an excellent alternative for situations requiring corrosion prevention.
• Demand for sustainable material is on the rise, fueling the market growth: The construction industry is stressing ecologically friendly and energy-efficient materials, and polymer concrete meets these standards. It offers several environmental advantages, including recyclability, a smaller carbon footprint, and a longer lifespan than traditional building materials. Overall, the growing emphasis on sustainable building methods, along with the product's durability and adaptability, puts it as a significant market driving factor.

Products offered by key companies:

• SIL07BA-1069, Interplastic Corporation: SIL07BA-1069 is an unsaturated polyester resin that has been developed for room temperature curing with MEK Peroxide. It includes styrene monomer. This low-viscosity fast-cure resin is particularly designed for polymer concrete applications that demand rapid green strength development.
• Polymer concrete 100XT, Dudick Inc: Polymer concrete 100XT is a three-component novolac epoxy polymer concrete that is ideal for building floors, pads, trenches, and other structures that require resistance to strong acids, alkalis, and other corrosive chemicals. Polymer concrete 100XT is resistant to powerful mineral acids, including 98% sulfuric acid. The substance has a high binding strength to concrete and physical qualities that are at least three times that of conventional concrete. Polymer concrete 100XT is appropriate for usage in high-traffic and high-abuse areas.

Prominent growth is projected in the vinyl ester under the material type segment

Vinyl ester is emerging as the favored material in polymer concrete for building applications worldwide, with the potential to dominate the industry in the next years. Its extensive use may be ascribed to its low cost and exceptional resistance to corrosive and chemical solutions, making it an excellent choice for tough environmental conditions. Despite having more shrinkage than epoxies, vinyl esters outperform polyester equivalents in terms of vibrational stress resistance, heat resistance, and toughness. This increased resilience not only assures lifespan but also decreases the chance of breaking from impact loads substantially. As a consequence of its unique mix of cost-effectiveness, chemical resistance, and outstanding mechanical qualities, the vinyl ester is positioned as a forerunner in the evolution of polymer concrete, confirming its dominance in building applications shortly.

The Asia Pacific region is expected to hold a significant share of the polymer concrete market:

The Asia Pacific area is positioned for a significant increase in the polymer concrete market in the future years, owing to several factors that highlight the region's powerful growth potential. Rapid urbanization and population growth in important countries such as China, India, and Southeast Asia are driving unprecedented demand for long-lasting and ecologically friendly construction materials. The increasing expenditures in infrastructure development projects, along with severe government rules encouraging environmentally friendly building techniques, are driving the usage of polymer concrete. As sustainability becomes more important, the need for long-lasting infrastructure augments the market's development trajectory. The Asia Pacific area is positioned to dominate the polymer concrete market, positioning itself as a vital participant in influencing the future of construction materials in the region, with a strategic focus on environmentally responsible building practices and a dedication to resilient infrastructure.

Key developments:

• WACKER, a German chemical company, opened a cement and concrete additives laboratory in Moscow in January 2022. WACKER is increasing its technical assistance for the building sector by creating a new laboratory in Moscow. The emphasis here is on water-repellent silicone additives for cement and concrete, which, when applied to cementitious materials, give enhanced protection against moisture, salts, and undesired chemical reactions. The development laboratory, which serves customers all around the world, is now officially open for business.

Segmentation:

• By Material Type:
  • Polyester
  • Vinyl Ester
  • Epoxy Based
  • Others
• By Binding Agent:
  • Natural Resin
  • Synthetic Resin
• By Application:
  • Solid Surface Countertops
  • Outdoor Seats & Benches
  • Waste Containers
  • Pump Bases
  • Flooring Blocks
  • Chemical Containments
  • Trench Drains
  • Others
• By End Use:
  • Industrial
    • Energy & Utilities
    • Pulp & Paper
    • Chemicals
    • Metallurgy
    • Food Processing
    • Automotive
    • Others
  • Residential & Municipal
    • Buildings
    • Roadways
    • Pipes & Tunnel Liners
    • Bridges
    • Others
  • Commercial
    • Service Stations
    • Retail Spaces
    • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain   
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

1.  INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. POLYMER CONCRETE MARKET, BY MATERIAL TYPE

5.1. Introduction

5.2. Polyester

5.3. Vinyl Ester

5.4. Epoxy Based

5.5. Others

6. POLYMER CONCRETE MARKET, BY BINDING AGENT

6.1. Introduction

6.2. Natural Resin

6.3. Synthetic Resin

7. POLYMER CONCRETE MARKET, BY APPLICATION

7.1. Introduction

7.2. Solid Surface Countertops

7.3. Outdoor Seats & Benches

7.4. Waste Containers

7.5. Pump Bases

7.6. Flooring Blocks

7.7. Chemical Containments

7.8. Trench Drains

7.9. Others

8. POLYMER CONCRETE MARKET, BY END-USE

8.1. Introduction

8.2. Industrial

8.2.1. Energy & Utilities

8.2.2. Pulp & Paper

8.2.3. Chemicals

8.2.4. Metallurgy

8.2.5. Food Processing

8.2.6. Automotive

8.2.7. Others

8.3. Residential & Municipal

8.3.1. Buildings

8.3.2. Roadways

8.3.3. Pipes & Tunnel Liners

8.3.4. Bridges

8.3.5. Others

8.4. Commercial

8.4.1. Service Stations

8.4.2. Retail Spaces

8.4.3. Others

9. POLYMER CONCRETE MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. United States

9.2.2. Canada

9.2.3. Mexico

9.3. South America

9.3.1. Brazil

9.3.2. Argentina

9.3.3. Others

9.4. Europe

9.4.1. United Kingdom

9.4.2. Germany

9.4.3. France

9.4.4. Italy

9.4.5. Spain

9.4.6. Others

9.5. Middle East and Africa

9.5.1. Saudi Arabia

9.5.2. UAE

9.5.3. Israel

9.5.4. Others

9.6. Asia Pacific

9.6.1. Japan

9.6.2. China

9.6.3. India

9.6.4. South Korea

9.6.5. Taiwan

9.6.6. Thailand

9.6.7. Indonesia

9.6.8. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

11. COMPANY PROFILES 

11.1. Sauereisen Inc

11.2. Hubbell Power Systems Inc

11.3. Interplastic Corporation 

11.4. Dudick Inc. 

11.5. Forté Composites 

11.6. ULMA Architectural Solutions 

11.7. Lidco Building Technologies 

11.8. Kwik Bond Polymers 

11.9. ErgonArmor 

11.10. TPP Manufacturing Sdn Bhd 

Sauereisen Inc

Hubbell Power Systems Inc

Interplastic Corporation

Dudick Inc.

Forté Composites 

ULMA Architectural Solutions 

Lidco Building Technologies 

Kwik Bond Polymers

ErgonArmor

TPP Manufacturing Sdn Bhd