Polymer Concrete Market report provides a detailed analysis on the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and latest growth trends accepted by key players that form a part of the competitive spectrum of this business.
Polymer concrete market for Asia Pacific achieved the maximum revenue that summed up over USD 270 million in 2017. This is due to swift industrial development and urbanization which is primarily due to growing investment leap which are initiating large construction activities in the above region. Government is presently making regulations under structural reformation plans for the application of large projects to expand the total construction in the area that would positively affect the modified concrete market positively during the forecast period. For instance, the upgradation of Beijing Daxing International airport to make it worlds largest international airport would propel the product market size by 2025.
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Polymer Concrete Market is forecast to exceed USD 600 million; according to a new research report. Propelling use of polymer concrete in the construction industry due to the rising industrialization and urbanization in regions such as Asia Pacific and Middle East is expected to augment the global polymer concrete industry during the forecast period.
Rise in investments in the emerging nations for the construction of modern buildings and public infrastructures are also surging. For instance, the government of Saudi Arabia is investing heavily on the Jeddah Economic City project, formerly known as Kingdom City, a USD 20 billion construction project which will hold homes, hotels, and office towers in a 2 square mile area. This would also include Jeddah Tower, that is set to be one of the world’s tallest structures upon completion. Similarly, various such ongoing and upcoming projects in the emerging nations will positively drive the modified concrete market in the coming years.
Increasing resin prices and infrequent availability of some resins may result in becoming a barrier to the product market size. Specific resins such as acrylates are high priced and are also not always available easily. This makes the price of polymer impregnated concretes quite high. However, additional properties such as high bond strength, heat resistivity, durability and improved adhesion will continue to offer new opportunities to the polymer concrete industry in the expected timespan.
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Polyester in polymer concrete market is expected to rise at a CAGR over 4% in the coming years. When polyester is added to the concrete, it provides the concrete with compressive strengths up to 3,500-4,500 psi and a high degree of absorption.
Major polymer concrete market competitors accounting for the total industry size include Crown Polymers, ACO Group of Companies, Bouygues S.A., BASF, Forte Composites Inc, Kwik Bond Polymers, SAUEREISEN, Wacker Chemie AG, Fosroc, ErgonArmor, Mapei and Sika.