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Concrete Containing Polymers Market Forecast to Reach $1.5 Billion by 2025


Concrete Containing

iCrowdNewswire   Jul 15, 2020  1:00 PM ET

Concrete Containing Polymers Market is forecast to reach $1.5 billion by 2025, after growing at a CAGR of 7.5% during 2020-2025. The growing demand for composite materials that offers high tensile, flexural, and compressive strengths along with good long-term durability from various applications like road construction, water storage systems, and electrolysis of non-ferrous metals drives the growth of global concrete containing polymers market size. Furthermore, the growth of transportation and infrastructural activities in developed and developing economies are contributing to the increase in demand for concrete containing polymers during the forecast period.

Report Coverage

The report: “Concrete Containing Polymers Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Concrete Containing Polymers Market.

By Product Type: Polymer Concrete (PC), Latex-modified Concrete (LMC), Polymer-impregnated Concrete (PIC), Others

By Polymer Type: Epoxy, Latex, Acrylate, Polyster, Vinyl, Others

By Application: Drainage Systems( Bridge Drainage Systems, Linear Drainage Systems) Industrial Tanks (Electrolysis, Storage) Catch Basins and Channels, Asphalt Pavement, Building Repair Construction, Others

By Geography: North America, South America, Europe, APAC, RoW

Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=502899

Report Price: $ 4500 (Single User License) 

Product Type – Segment Analysis

Latex-modified concrete (LMC) segment held the largest share of more than 30% in the Concrete Containing Polymers market in 2019 followed by the Polymer Cement Concrete (PCC), Polymer Modified Concrete (PMC), and Polymer-impregnated Concrete (PIC). Latex modified concrete is also called as polymer modified concrete or polymer Portland cement concrete. The mixing and handling of LMC type of concrete polymer is similar to the conventional one, hence it is cost effective in nature as compared to the other segments that makes it the largest segment in the global Concrete Containing Polymers market. However, growing consumption of SBR latex modified concrete across various application includes concrete bridges, parking decks, pavement patch repair, and stadium repair worldwide drives the growth of this market during the forecast period. Additionally, the rise in demand for Acrylic latex modified concrete for flooring application further contribute for the growth of concrete containing polymer market share worldwide.

Polymer Type – Segment Analysis

Among the polymer types, epoxy was the largest segment in 2019 contributing more than 25% share in the global market. The use of epoxy polymer in concrete offers great adhesion, low shrinkage, high resistance to chemicals, and can be formulated to cure under any moisture and temperature conditions. Due to these features of epoxy polymer concrete is mostly used in skid-resistant overlays in highways, exterior walls, and resurfacing materials. Hence, these factors are responsible for making epoxy polymer based concrete the largest segment by polymer type.

Application – Segment Analysis

Based on application, the building repair and construction segment is projected to witness a highest CAGR of around 9% during the forecast period. Due to increase in the global middle class spending, rise in construction activities in the Middle East countries like UAE, and growing population from emerging countries such as China and India along with old age building repair activities across the country drives the growth of this segment. Furthermore, increase in building & construction operations in both developed and developing region to support the growing industrialization drives the growth of this market during the forecast period.

Geography – Segment Analysis

In 2019, APAC dominated the Concrete Containing Polymers market with a share of more than 35%, followed by North America and Europe. The presence of emerging countries with large customer base like Chin and India, availability of low cost labors, flourishing manufacturing sector, and growing road (highway) constriction projects in India are driving the growth of this market along with providing growth opportunities in APAC region during the study period. Whereas, the growing demand for Portland cement as a basic ingredient of concrete, mortar, stucco, and non-specialty grout from building and construction sector across the APAC regions is further propels the growth of Concrete Containing Polymers industry during the forecast period.

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Drivers – Concrete Containing Polymers Market

Concrete containing polymers enhance adhesion to the old surface, flexural strength, tensile strength, and freeze or thaw durability. Additionally, this type of compound also reduces permeability, the intrusion of chlorides, salts, and carbon dioxide. Due to these features, the demand for polymer concrete is growing from various end use industries such as electric and electronics for electrolysis of non-ferrous metals, in chemical industry for acid-resistant floors, and for industrial bedding. Furthermore, due to its superior characteristics concrete containing polymers are also widely used in nuclear power plants, marine works, industrial tanks, and linear drainage systems. Therefore, the growing need from end-use industries for tougher, stronger, more durable and ductile building material composite, drives the growth of concrete containing polymers market size globally.

The Middle East region is known for its largest oil hub in the world. The fluctuating crude oil market has slightly inclined the focus of government on the development of other sectors. Hence, government is focusing to diversify their economies and minimize the reliance on the oil sector. For instance, the Expo 2020 in Dubai is driving the development of hotels and leisure facilities across the country. Additionally, according the report published by Dubai Chamber of Commerce in January 2019, the GDP of UAE’s construction sector is expected to grow at a rate of 4.9%. However, the growing trend of smart cities construction in UAE is also driving the growth of this market. Furthermore, the upcoming initiatives such as the Saudi Vision 2030, Abu Dhabi Economic Vision 2030, Dubai Plan 2021 and Qatar National Vision 2030 are providing growth opportunities. Wherein, the construction companies from developed and developing nations are investing heavily in the Middle East region. For instance, in 2019, McDermott from the US, Larsen & Toubro from India, Foster + Partners from UK, and Oman’s Galfar Engineering & Contracting won the construction contract for Middle East. The construction sector is also growing in Africa region due to growing transport and energy projects. As concrete containing polymers are mostly used for construction activities, so the growth of construction sectors in Middle East region is also contributing for the growth of this market across the region during the forecast period.

Challenges – Concrete Containing Polymers Market

The conventional cement is considered as a challenging factor for the growth of global concrete containing polymers market. The manufacturing and raw material cost of traditional cement is lower than that of polymer concrete and growing uses of cement based concrete pipes for water and water treatment applications further restrict the growth of this market. Whereas, the growing trade war between two largest economy include the US and China, along with geopolitical tensions, global trade tensions, and global macroeconomic performance as a whole are the factors responsible for the unstable economy. Additionally, the outbreak of COVID-19 pandemic globally is also hampering the growth of manufacturing sector, which in turn decline the growth of an economy worldwide. Thus, this unstable economy is also considered as a challenge for the growth of this market.

Acquisitions/Technology Launches

Key Takeaways

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Concrete Containing Polymers marke outlook. In 2019, the market of global Concrete Containing Polymers top 10 players accounting for xx% of the share. Major players in the Concrete Containing Polymers Market are ACO Group of Companies, Bechtel Corporation, BASF SE, Forté Composites Inc., Interplastic Corporation, Bouygues S.A., Kwik Bond Polymer, Wacker Chemie AG, Wagman Concrete Group, Dow Chemical, and ULMA Architectural Solutions, among others.

Related Reports :

Decorative Concrete Market

https://www.industryarc.com/Report/18411/decorative-concrete-market-research-report-analysis.html

Concrete Superplasticizers Market

https://www.industryarc.com/Report/11683/concrete-superplasticizers-market.html

About IndustryARC : IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



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