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Polymer Concrete being the fastest growing segment fueling the growth of Polymer Concrete Market

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naufan003
Polymer Concrete being the fastest growing segment fueling the growth of Polymer Concrete Market

Market Overview:

Polymer concrete is a composite material consisting of aggregate, cement binder, and resins with advantages such as high strength and high impact resistance compared to conventional concrete. It is used as an alternative to cement concrete and steel for applications requiring high compressive and tensile strength.

Market key trends:

One of the key trends in the Polymer Concrete Market is the growing construction of roads & bridges. Polymer concrete has high durability and strength making it an ideal material for construction of roads, bridges and various other infrastructural projects. It reduces crack formation, is resistant to freeze-thaw cycles, and has long service life compared to conventional concrete. The extensive construction of roads and bridges worldwide is expected to increase the demand for polymer concrete over the forecast period.

The polymer concrete market is estimated to be valued at US$ 795.16 Mn in 2023 and is expected to exhibit a CAGR of 7.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Segment Analysis

The global polymer concrete market is segmented into type, application and region. Based on type, the polymer concrete market is divided into epoxy, styrene-butadiene latex, acrylate, polyester and vinylester. Among them, the epoxy segment holds the largest market share due to its wide usage in industrial construction, infrastructure construction and bond strength. Based on application, the market is classified intoinfrastructure, architectural, residential and others. Within these, the infrastructure segment dominates the global polymer concrete market owing to increasing construction activities of bridges, dams and roads across the globe.

Key Takeaways

The Global Polymer Concrete Market Size is expected to witness high growth, exhibiting CAGR of 7.6% over the forecast period, due to increasing infrastructural development activities worldwide.

Regional analysis:

The Asia Pacific region is expected to witness the fastest growth in the global polymer concrete market during the forecast period. This is attributed to rapid urbanization and industrialization in emerging economies such as China and India. North America holds the largest share in the global polymer concrete market owing to wide applications in infrastructure construction and renovation activities in the region.

Key players:

Key players operating in the polymer concrete market are BASF SE, Sika AG, Wacker Chemie AG, Dudick Inc., ACO Group, Kwik Bond Polymers LLC, Sauereisen Inc., Hubbell Power Systems Inc., Forte Composites, Inc., Ulma - Architectural Solutions, and Sandmix. BASF SE dominates the global polymer concrete market due to its wide product portfolio and global presence.


Get more insights on this topic:

https://www.dailyprbulletin.com/polymer-concrete-market-insights-trends/

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