| Status : Published | Published On : Mar, 2024 | Report Code : VRCH2003 | Industry : Chemicals & Materials | Available Format :
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Page : 180 |
Global Polymer Concrete Market – Analysis and Forecast (2025–2030)
Industry Insights by Class (Polymer Modified Concrete, Polymer Resin Concrete and Polymer Impregnated Concrete), by Type (Epoxy, Polyester, Vinyl and Others), by Application (Containments and Waste Containments, Pump Bases, Trench Drain, Flooring Blocks and Others), by End-User (Civil Infrastructure, Non-Residential Structure and Residential Structure)
Industry Overview
The global polymer concrete market is expected to grow from USD 3.1 billion in 2023 to USD 6.4 billion by 2030, registering a CAGR of 7.2% during the forecast period ranging from 2025 to 2030.
Polymer concrete refers to a composite material containing different aggregates such as gravel or crushed stone. It also contains a polymer resin binder as well as other additives to enhance its chemical and mechanical properties compared to traditional concrete. Made in casting and curing process, this concrete offers benefits like high service life, low maintenance cost, and ability to meet customized requirements. This specific concrete is high in strength-to-weight ratio, resistance to chemicals and abrasion, and low in water permeability.
The global polymer concrete market is witnessing significant growth due to increase in awareness of usage of polymers in concrete since it allows multi-tasking and improves performance. In addition, the growth of the market is also attributed to the higher spending on maintenance and repairs as well as the significant expansion of infrastructural and developmental activities especially in developing economies. It is extensively used in construction sector to fortify infrastructure in demanding settings such as chemical containment, industrial flooring, wastewater treatment plants, and marine structures.
The comparatively high cost of the concrete polymer to that of traditional concrete due to the premium properties is a significant challenge to the growth of the polymer concrete market across the globe. However, the market players are offering significant growth opportunities by replacing the cheap substitutes to offer superior quality options to be used across a wide variety of applications.
Market Segmentation
Insight by Class
The global polymer concrete market is divided on the basis of class into polymer-modified concrete, polymer resin concrete, and polymer-impregnated concrete segments. Out of these three segments, the polymer-modified concrete is expected to grow at a higher rate during the forecast period due to higher adoption and usage in several applications across several industries such as the treatment of cracks and joints in surfaces of concrete, anti-corrosion, protection of old concrete, and repair works.
Insight by Type
The global polymer concrete market is divided on the basis of type into epoxy, polyester, vinyl, phenolic-formaldehyde, acetone-formaldehyde, and carbamide segments. Out of these segments, the epoxy category is estimated to contribute largely to the market during the forecast period due to the improved features such as higher heat resistance, flexibility, and chalking propensity.
Insight by Application
The global polymer concrete market is divided on the basis of application into containments and waste containments, pump bases, trench drains, flooring blocks, and other segments. Out of these segments the trench drain category will hold the larger market revenue share and grow more during the forecast period due to development of efficient drainage systems to meet the growing need of the growing population worldwide.
Insight by End User
The global polymer concrete market is also divided on the basis of the end users into civil infrastructure, non-residential structure, and residential structure segments. Among the three segments, the civil infrastructure is expected to grow at a higher rate and hold a larger revenue due to higher demand and growing initiatives and regulations of the government to upgrade the economy which has resulted in an increase in the investment in civil infrastructure and demand for this concrete in developed economies.
Global Polymer Concrete Market Report Coverage
|
Report Metric |
Details |
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Historical Period |
2018 - 2023 |
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Base Year Considered |
2024 |
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Forecast Period |
2025 - 2030 |
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Market Size in 2023 |
U.S.D. 3.1 Billion |
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Revenue Forecast in 2030 |
U.S.D. 6.4 Billion |
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Growth Rate |
7.2% |
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Segments Covered in the Report |
By Class, By Type, By Application and By End-User |
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Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
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Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
Industry Dynamics
Industry Trends
Increasing infrastructure investments worldwide is a notable industry trend that is fueling the demand for durable materials like polymer concrete especially in the transportation, water management, and industrial construction sectors. Moreover, sustainable construction practices is also witnessed due to the lower environmental impact of this material along with the developments material technology as well as increasing use of this product in the emerging markets are other notable trends.
Growth Drivers
The growing investment in the developmental projects and civil infrastructure is propelling the global polymer concrete market. In addition, the growing demand for durable materials especially in the construction sector is propelling the market growth. In addition, the rise in the infrastructure, transportation, wastewater management, and industrial projects will also push the demand and the market during the forecast period. The characteristic properties of polymer concrete such as higher strength, chemical resistance, and lifespan along with the technological advancements in its formulations are further propelling the market growth. Growing awareness of sustainability and expanding opportunities in emerging markets are also contributing to the market growth.
Challenges
The high cost is a significant growth challenge to the market. In addition, the lack of awareness among construction professionals as well as the strict regulatory measures also hinder the market growth due to lower adoption and compliance. Furthermore, the need for specific technical expertise limits the adoption of the product in areas where there is little or no training infrastructure offers a significant setback to the market growth.
Opportunities
Rise in investments in global infrastructure projects, growing focus on renewable energy sources, rapid urbanization and industrialization initiatives, and technological advancements in polymer formulations are significant prospects for the growth of the market. Furthermore, the continual developments in the technology is offering novel growth opportunities to the market.
Geographic Overview
The North American market will grow during the forecast period due to significant investments in new and aging infrastructure, growing emphasis on sustainable construction, and technological advancements in polymer concrete formulations. Moreover, the expansion of renewable energy projects will also contribute to the market growth.
The Asia Pacific market is expected to grow at a higher rate during the forecast period due to easy accessibility of labor, growth of the manufacturing sector, economical cost, and rising demand from customers. Additionally, the increasing disposable income, huge population, and rising investments undertaken for building & construction projects in this region is expected to have a positive impact on the growth of the market in this region.
Competitive Insight
Dudick Inc. is a provider of high-performance coatings, tank linings and flooring systems that is marketed by Carboline, the leading U.S. distributor of high-performance industrial coatings, lining and fireproofing solutions.
Fosroc is a British manufacturer of specialised construction chemicals that cater to a range of sectors including residential, marine, commercial, industrial and infrastructure. Fosroc has offices and manufacturing locations across Europe, the Middle East and Asia Pacific.
Some of the major players operating in the global polymer concrete market are Fosroc International Ltd., Dudick Inc., Forte Composites Inc., Crown Polymers Corporation, ACO Severin Ahlmann GmbH & Co. KG, ErgonArmor, BASF SE, BaseTek, Sauereisen Inc., and Sika AG.
Recent Developments By Key Players
Fosroc India (Bengaluru Headquartered) has inaugurated its new Integrated Construction Chemicals Plant in Hyderabad. This manufacturing facility shall enhance Fosroc’s geographical coverage and service levels, specifically for customers in South and Central India.
BASF and the University of Graz develop fundamentally new computer-assisted model to optimize efficiency of biocatalytic production processes.
The Polymer Concrete Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
- Class
- Polymer Modified Concrete
- Polymer Impregnated Concrete
- Polymer Resin Concrete
- Type
- Epoxy
- Vinyl
- Polyester
- Others
- Application
- Containments and Waste Containments
- Pump Bases
- Trench Drain
- Flooring Blocks
- Others
- End-User
- Civil Infrastructure
- Non-Residential Structure
- Residential Structure
Region Covered in the Report
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East and Africa (MEA)
- South America
Source: VynZ Research
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Polymer Concrete Market