According to the report titled ‘Global Polymer Concrete Market, 2021-2027’, available with MarketStudyReport, global polymer concrete market is projected to grow at a CAGR of 5.9% during the forecast period 2021-2027.

 

As per the report findings, preference for chemical-resistant construction material, alongside high compressive and superior impact strength of the polymer which makes it suitable for creating complicated arrangements, are propelling the growth of global polymer concrete market. 

 

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For the uninitiated, polymer concrete is a concrete type having polymer as a binder. It has good adhesive qualities, making it a good choice for repairing both cement and polymer-based cement. Addition of polymer to the concrete makes it more durable than its traditional counterpart. 

 

Steady expansion in the construction sector, and increasing awareness about the excellent performance of polymer are leading to augmentative adoption of polymer concrete. Besides, features like low maintenance expense, longevity, and durability, which lead to increase in the binding power of the concrete are facilitating the industry outlook.

 

However, high product cost is a vital challenge in the worldwide polymer concrete market. Also, availability of cheaper substitutes will act as a restraint for the industry partakers. 

 

By product type, the market is categorized into epoxy, methyl methacrylate, and polyester. In terms of application, the industry is classified into construction maintenance, asphalt pavement, and industrial tanks.

 

From regional frame of reference, the market is analyzed across North America (U.S., Canada, Mexico), Asia Pacific (Thailand, Japan, Korea, India, China, Taiwan, Australia, Indonesia), Europe (Germany, Russia, Spain, UK, Italy, France), Middle East & Africa (Turkey, Egypt, Iran, Nigeria, UAE,  South Africa, Israel, Saudi Arabia), and South America (Argentina, Brazil, Chile, Venezuela, Colombia, Peru).

 

Some of the prominent manufacturing companies in global polymer concrete market include Interplastic Corporation, Dudick Inc., ACO Group, Sika AG, Forte Composites Inc., ULMA Group, and BASF SE among others.