Polymer Concrete Market Revenue to Attain USD 1,061.35 Mn by 2033

17 Oct 2024

Table of Content

1. Polymer Concrete Market Revenue and Trends 2. Market Overview 3. Report Highlights of the Polymer Concrete Market 4. Polymer Concrete Market Trends 5. Regional Insights 6. Polymer Concrete Market Coverage 7. Market News

Polymer Concrete Market Revenue and Trends

The global polymer concrete market revenue was valued at USD 617.12 million in 2024 and is expected to attain around USD 1,061.35 million by 2033, growing at a CAGR of 6.21% during forecast period. The demand for polymer concrete is increasing due to the rapid urbanization and industrialization in developing markets.

Market Overview

Polymer concrete is a compound yielded from synthetic organic polymer working as an adhesive. This compound is a product of the polymerization of an aggregate mixture. This monomer acts as a binder for the composite product and aggregates. Chemicals in this material have various characteristics, such as high compressive strength, high bearing strength, and low penetrability. Polymer concrete is made especially from Portland cement and is replaced completely by synthetic resin concrete or plastic resin concrete, then mixed with a hardening agent, gravel, filter, and sand.

Report Highlights of the Polymer Concrete Market

• By product type, the polymer cement concrete segment dominated the market in 2023. This dominance is credited to the increasing use of products in a variety of repair, renovation, and new construction projects.
• By end use, in 2023, the infrastructure segment led the market by holding the largest market share. This is due to the growing need for long-lasting and low-maintenance materials in public works projects. 
• By end use, the commercial sector segment is expected to witness the fastest growth during the forecast period. The growth of the segment is driven by the increasing use of polymer concrete in a wide variety of building projects.

Polymer Concrete Market Trends

Emphasis on Sustainable Construction

Polymer concrete, which is produced using recycled materials and requires less energy than conventional concrete, is aligned with the increasing focus on sustainable construction methods. Furthermore, continuous research and development in the industry and manufacturing techniques results in the design of efficient formulations of polymer concrete with enhanced qualities.

•  In October 2024, Votorantim Cimentos launched Blenture, a new brand of cement and concrete created to decrease COâ‚‚ emissions and stimulate sustainable construction practices. Blenture products, developed through substantial investment in research and development, align with the company’s decarbonization initiative to use recycled materials and non-fossil fuels.

Increasing Knowledge of Advantages

Polymer concrete’s market growth is aided by rising knowledge among architects, engineers, and construction industry professionals of its benefits such as chemical resistance, and quicker construction. Moreover, Polymer concrete is more affordable than conventional materials due to its reduced maintenance needs and longevity. Which makes it a prime choice for infrastructure projects.

Rising Demand for Durable Construction Materials

The global construction industry is focusing more on materials with long service life and high durability. Polymer concrete, with high resistance to dampness, chemicals, and extreme weather conditions, is becoming more popular for utilization in difficult situations. Additionally, the material's great mechanical qualities to endure large traffic loads make it the first choice among developers.

• In September 2024, Holcim introduces a sustainable construction academy to drive low-carbon, circular + regenerative design. Holcim is on a mission to reach net zero and create a circular and regenerative built environment.

Regional Insights

• Asia Pacific led the polymer concrete market in 2023. The dominance of the region can be credited to the increasing urbanization, industrialization, and infrastructure development along with the growing awareness of environmental sustainability and pollution control. Furthermore, countries like China and India are investing heavily in infrastructure projects such as tunnels, bridges, highways, and water treatment plants leading to market growth.
• The market in Europe is expected to grow at the fastest rate during the projected period. The growth of the region can be attributed to the region's focus on sustainable development, green building practices, and infrastructure renovation. Moreover, the material's resistance to chemicals, long lifespan, and low maintenance requirements make it a convenient option for building projects and infrastructure.

Polymer Concrete Market Coverage

Market News

• In April 2024, Biochar Life and Siam Cement Group (SCG) Cement and Building Materials Business, a leader in innovative building solutions, announced a landmark Memorandum of Understanding (MoU) to collaboratively develop and explore biochar-infused cement and other sustainable building materials.
• In June 2024, Molins launched Susterra, a new range that groups together the company's products with sustainable practices, highlighting the company's ongoing commitment to social development and enhancing people's quality of life through construction solutions.

Market Segmentation

By Product Type

• Polymer Impregnated Concrete
• Polymer Cement Concrete
• Polymer Resin Concrete

By End Use

• Residential
• Commercial
• Industrial
• Infrastructure

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