Polymer Concrete Market to See 3.5%+ CAGR to 2025
According to new growth analysis report by Global Market Insights, Inc., Polymer concrete market for containments will witness growth at a CAGR of over 4% in the forecast period owing to rising concerns for pollution, safe environment and proper sewage are requiring concrete containments.
Latex segment in polymer concrete market to witness a CAGR of over 2.5% up to 2025. Latex are another important polymer that is mixed in PIC. Latex holds the maximum adhesion properties than any other aforementioned polymers. The latex and concrete mixture develops higher bonding power, higher strength, improved resistance to chloride penetration or any other chemical attacks.
The report predicts polymer concrete market demand is forecast to cross USD 600 million by 2025. Strong growth in construction activities in the emerging economies owing to the improved per capita income of the customers and rising urbanization will positively drive the polymer concrete market in the projected timeframe. Propelling infrastructure construction in Asia Pacific and MEA is continuously on the rise due to the increased government spending.
Polymer impregnated concrete (PIC) accounted close to 15% of the overall market size in 2017. PIC generally contains acrylates replacing the cement. These acrylates improve the strength and durability of hardened concrete, increases its impermeability & chemical resistance and improves its bond characteristics.
Polymer concrete market size for application in flooring blocks is registers more than 20% of the total industry size in 2017. Flooring blocks are cost competitive and the most popular form of flooring process, this procedure of flooring offers low cost and saves a lot of time. Polymer concretes in flooring blocks makes it swift and cost effective without the need for any expensive plant or specialist skilled labor. Many countries in Middle East are investing heavily on high end buildings and public infrastructures that are requiring polymer concrete flooring blocks for high strength and low-cost flooring which will increase the polymer concrete market size copiously in the forecast timeperiod.
Top key players mentioned in this polymer concrete market research include:
Forte Composites Inc
Kwik Bond Polymers
Crown Polymers Corp.
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