NEW YORK, Oct. 15, 2020
NEW YORK, Oct. 15, 2020 /PRNewswire/ -- The polymer concrete market is stipulated to increase and a noteworthy rate throughout the projected period, owing to an array of factors such as growing adoption of chemical-resistant materials, exceptional mechanical properties, increasing awareness of green construction materials, and shorter installation duration.
The global polymer concrete market is anticipated to expand at a CAGR of 7.5% during the projected period of 2020-2030, and be valued at US$ 777 Mn by the end of 2030.
Key Takeaways from Polymer Concrete Market Study
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"Superior performance characteristics over conventional concrete are advocating the use of polymer concrete in various industrial applications," says a PMR analyst.
Polymer Concrete Market Landscape
The global polymer concrete market is stipulated to a moderately consolidated market space, with a handful of players holding around half of the global market share. Tier-1 manufacturers of polymer concrete are focused on developing and extending production technologies and expansion capacities to meet industry demand, which helps reduce environmental impact and follow stringent government regulation standards. In addition, key players are focusing on expanding and establishing new and innovative production facilities across the world. Some of the identified leading manufacturers the global polymer concrete market are BASF SE, Sika AG, ACO Group, and Kwik Bond Polymers LLC, amongst others.
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Polymer Concrete Market: Conclusion
Though the construction industry is one of the majorly hit sectors due to the ongoing COVID-19 pandemic, yet, post containment, the global polymer concrete market is anticipated to witness a growth rate above industry standards. Europe is expected to maintain its dominance in the global market, followed by North America. Polymer concrete manufacturers are modifying their strategies, as end users are preferring cost-effective raw materials for their projects to earn more profits.
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The global polymer concrete market research authored by Persistence Market Research analysts, offers an exhaustive study on global-, regional-, and country-level analysis. The global polymer concrete market study includes pricing analysis, impact of macro-economic and forecast factors, ten-year market projections, and competition benchmarking. The report also entails company study, market structure analysis, and supply chain. As per PMR's scope, the polymer concrete market has been segmented on the basis of material, end use, binding agent, application, and region.
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