The Global polymer concrete market is forecasted to reach USD 757.7 Million by 2026, according to a new report by Reports and Data. A significant rise in the demand for polymer concretes has been observed in the recent period. The primary contributing factor for the increased demand and market growth of polymer concretes is enhanced performance and mechanical properties of this type of concretes. An integration of factors like the rise in investments on public construction, increase in awareness about high performance of polymer concrete and established upstream players also contributes to the growth of the market. The change in demands in the construction industry has a significant impact on the growth of the market. It is due to the changing preferences in the construction sector, and its continuous growth, and chemical resistance, due to which construction materials are witnessing high demand in this sector. Such increased demand for chemical resistant construction materials is propelling the growth of the market as polymer concretes are known for its high resistance to chemical attacks.
The rise in government investments on infrastructural projects is another essential factor in boosting the growth of the market. As an instance, by 2025, Indonesia is projected to spend USD 165 Billion on infrastructural projects. Such high investments on infrastructural projects in different nations would play an integral role in the growth of polymer concrete market.
In context to region, North America occupies a significant market position in the polymer concrete market. The expansion of infrastructural, commercial, and industrial projects along with high emphasis on technological advancements and R&D activities are spurring the growth of the market in this region.
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Key participants include Fosroc, BASF, Wacker Chemie, Bouygues Construction, MAPEI, Sika, ACO Group, Forte Composites Inc, ErgonArmor and Sauereisen, Inc.
Further key findings from the report suggest
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Rapid developments in the manufacturing sector and equipment, robust growth in the building and construction sector, high adoption for eco-friendly materials in constructions and increasing demand for smart buildings and smart homes are boosting market growth. Steady increase in the disposable income across the globe, improvements in the standard of living, increasing number of redevelopment plans and high demand for aesthetic look and posh homes are further fueling market growth. In addition, increasing R&D investments, and government schemes to support manufacturing and construction industry are fueling growth of the global Polymer Concrete market.
For the purpose of this report, Reports and Data have segmented the global polymer concrete market according to Type, Class, Binding Agent, Raw Materials, End-user, Application, and Region:
Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
Class type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
Binding Agent type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
Raw Materials type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
End-user Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
Application Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
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