Global Market Insights added New Polymeric Sand Market report which provides in-depth information about market overview, top vendors, industry statistics, key market highlights, product types, market drivers, challenges, trends, Steel Rebar industry landscape, size forecast, five forces analysis and Key leading countries/Region.
Rising real income and demand of amenities such as swimming pool and bigger outdoor living spaces across the globe are also the prime factors driving polymeric sand market over forecast time period. The product posses some excellent features such as endurance to extreme weather conditions, resistance to weed and insect growth which reduces the maintenance cost of application areas, thus boosting the polymeric sand demand over forecast time period.
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Rising infrastructure development activities along with increasing demand of homes with outdoor spaces & better aesthetic appeal are the prime factors driving polymeric sand market towards positive direction. Developing countries such as Mexico have tremendous investment opportunities in infrastructure sector, they have also developed USD 600 billion program to improve their existing economic infrastructures. Currently in Mexico there is investment gap of about USD 554 billion in this sector and it requires further USD 1.1 trillion of investment. Along with this participation of Mexico in NAFTA and soon in United States-Mexico-Canada Agreement (USMCA) will give an excellent opportunity for the key polymeric sand manufacturers to take advantage of prospective demand in Mexico.
Europe holds substantial share owing to initiatives taken by governments of European countries to improve their existing transit infrastructures. Asia Pacific and Latin America will show decent growth rate with increasing product awareness.
On the basis of product, polymeric sand holds significant share in overall market due to widespread application of it in joining pavers of sidewalks, patios, pedestrian crossings, etc. Owing to increasing focus of government in emerging economies on developing better public infrastructures, the demand of product will escalate over the forecast time period.
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Patios segment will show excellent growth rate of around 6.5% from 2019 to 2025. Improving standard of living and adoption of luxury lifestyle across the globe has given rise to patios construction in the outdoor living spaces, thus propelling the polymeric sand demand in coming years.
Based on application, commercial sector is likely to show CAGR of more than 6.5% by the end of the forecast spell. Improving bilateral ties between various countries has resulted in service sector growth, thus the construction of commercial complexes, hotels and business parks is increasing. This will significantly give an up thrust to the polymeric sand demand by 2025.
Some of the main players in polymeric sand market are:
- Fairmount Santrol
- Sakrete Inc.
- SRW Products
- TCC Materials
- Ash Grove Packaging
- SEK Surebond Inc.
- Sable Marco
- Alliance Designer Products Inc.
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