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The global polymer concrete market is projected to register a CAGR of 6.32% during the forecast period. North America is to lead with a larger share of the global market due to the growing construction industry in the region. Epoxy holds the largest share of the polymer type segment.
Increasing Need for Chemical-Resistant Construction Materials
Concrete structures are usually exposed to corrosive environments. Conventional concrete, the alkaline Portland hydraulic cement formed voids and cracks during hydration, leaving gaps for water to penetrate and crack the concrete. Harsh environments leave concrete susceptible to acid attack, which may also result in the damage of the structure upon use. Usage of polymeric materials in concrete proved to subvert this failure, owing to their high strength and durability. Additionally, using several types of resins, such as polyester-styrene, epoxy, etc., eliminates the open voids and provides the required chemical resistance to the structures in hostile environments.
Asphalt Pavements Application Holds the Largest Share
Asphalt cement is a viscoelastic material, which acts as a two-phase binder, holding a hot mix asphalt pavement together. The characteristics are temperature dependent, as it behaves more like a solid at low temperatures and liquid at high temperatures.
Polymer-based asphalt materials can be produced and employed in the same manner as hot mixed asphalt concrete. These are extremely durable and more flexible than the conventional asphalt pavements. These pavements are used in the construction of bridges. However, owing to the low setting time of these pavements, it is difficult to manufacture. Moreover, laying these pavements require special expertise. Polymers, such as epoxy and polyester can be used in these pavements to modify the viscoelastic behavior of the asphalt cement by affecting the ideal temperature range of the product.
North America to Dominate the Market
The United States is expected to hold the largest share of the market as it accounted for 70% of the market share, in terms of revenue, in 2017. The major reason for the growth of the industry in this region includes growing construction activities, new bridges in Clinton, Beaver, Clearfield, etc., and rising road construction activities.
Notable Developments in the Market
April 2017: Chin Hin Group Berhad acquired Mi Polymer Concrete Pipes Sdn Bhd for RM 35 million.
January 2017: PCI Group completed the acquisition of Henkel’s professional Western European building material business.
Major players: ACO group of companies, BASF SE, DowDuPont., ULMA Architectural Solutions, and Interplastic Corporation, amongst others.
Reasons to Purchase the Report
To understand the impact of increasingly stringent regulations on the market.
Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.
To understand the dominating technology in the market.
Identify the countries expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
3-month analyst support along with the Market Estimate sheet (in Excel).
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
Increasing Need for Chemical-Resistant Construction Materials
Concrete structures are usually exposed to corrosive environments. Conventional concrete, the alkaline Portland hydraulic cement formed voids and cracks during hydration, leaving gaps for water to penetrate and crack the concrete. Harsh environments leave concrete susceptible to acid attack, which may also result in the damage of the structure upon use. Usage of polymeric materials in concrete proved to subvert this failure, owing to their high strength and durability. Additionally, using several types of resins, such as polyester-styrene, epoxy, etc., eliminates the open voids and provides the required chemical resistance to the structures in hostile environments.
Asphalt Pavements Application Holds the Largest Share
Asphalt cement is a viscoelastic material, which acts as a two-phase binder, holding a hot mix asphalt pavement together. The characteristics are temperature dependent, as it behaves more like a solid at low temperatures and liquid at high temperatures.
Polymer-based asphalt materials can be produced and employed in the same manner as hot mixed asphalt concrete. These are extremely durable and more flexible than the conventional asphalt pavements. These pavements are used in the construction of bridges. However, owing to the low setting time of these pavements, it is difficult to manufacture. Moreover, laying these pavements require special expertise. Polymers, such as epoxy and polyester can be used in these pavements to modify the viscoelastic behavior of the asphalt cement by affecting the ideal temperature range of the product.
North America to Dominate the Market
The United States is expected to hold the largest share of the market as it accounted for 70% of the market share, in terms of revenue, in 2017. The major reason for the growth of the industry in this region includes growing construction activities, new bridges in Clinton, Beaver, Clearfield, etc., and rising road construction activities.
Notable Developments in the Market
April 2017: Chin Hin Group Berhad acquired Mi Polymer Concrete Pipes Sdn Bhd for RM 35 million.
January 2017: PCI Group completed the acquisition of Henkel’s professional Western European building material business.
Major players: ACO group of companies, BASF SE, DowDuPont., ULMA Architectural Solutions, and Interplastic Corporation, amongst others.
Reasons to Purchase the Report
To understand the impact of increasingly stringent regulations on the market.
Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.
To understand the dominating technology in the market.
Identify the countries expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
3-month analyst support along with the Market Estimate sheet (in Excel).
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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