Polymer Concrete is a composite material obtained by mixing aggregate, reactive polymer, and reinforcement materials. It has excellent mechanical strength, corrosion resistance, and can be sculpted into intricate shapes. Polymer concrete finds wide application in rigid pavement overlays, containment structures, flooring blocks, and pipe collars owing to its great durability and stability. The global Polymer Concrete Market is estimated to be valued at US$ 916.03 Bn in 2024 and is expected to exhibit a CAGR of 42.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving the growth of the Polymer Concrete Market is the robust infrastructure development activities worldwide. there is significant investment in roadways, dams, bridges and other infrastructure projects across major economies such as US, China, and India. Polymer concrete is a preferred construction material due to its high strength, resistance to weather effects, and ability to form intricate shapes. The material helps increase the lifespan of infrastructure and reduces maintenance and repair costs. The growth of the construction industry will invariably boost demand for polymer concrete in the coming years.
Segment Analysis
Polymer concrete market can be segmented into type, binder type, application, and region. Based on type, the market is divided into polyester, vinyl ester, epoxy based, and others. Among these, the epoxy based segment dominates the market as it offers high strength and excellent chemical resistance. Epoxy based polymer concrete is durable and provides greater resistance to acids, alkalis, and solvents.
Key Takeaways
The global Polymer Concrete Market Growth is expected to witness high growth.
The Asia Pacific region is expected to witness the fastest growth during the forecast period due to growing construction activities in countries such as China and India. The growing infrastructure development projects for roads, highways, tunnels, and bridges is driving the polymer concrete market in the region.
Key players operating in the Polymer Concrete market are Amazon Web Services Inc., Apple, Inc., Electronic Arts, Inc., Google Inc., Intel Corporation, International Business Machines Corporation, Microsoft Corporation, NVIDIA Corporation, Sony Interactive Entertainment LLC, Ubitus Inc., and others.
For more insights, read- https://www.newsstatix.com/polymer-concrete-market-trends-size-and-share-analysis-2/
For more details on the report, Read- https://dailynewsmotion.weebly.com/report-blog/under-the-hood-a-comprehensive-guide-to-the-automotive-parts-remanufacturing-market
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