The Polymer Concrete Market is expected to grow at > 6.4% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Polymer Concrete Market
Polymer Concrete Market is likely to witness a healthy CAGR of 6.4% during the forecast period. The prime factor that is contributing to the demand for polymer concretes is the increasing spending on repair & maintenance activities coupled with concrete polymers’ high performance and multifunctionality.
Asia-Pacific is estimated to be the largest as well as the fastest-growing polymer concrete market during the forecast period, with the region’s flourishing manufacturing sector and increasing investment on residential and non-residential building & construction in China, Japan, and India. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Market Scope & Market Segmentation
Polymer Concrete Market Share: By Class Type
Based on the class type, the market is segmented as polymer modified concrete, polymer resin concrete, and polymer impregnated concrete. Polymer modified concrete accounted for the largest share of the market in 2019, and is expected to remain dominant during the forecast period. It has similar processing method as conventional cement concrete and is cost effective; hence, is preferred in the industry.
Polymer Concrete Market Share: By Resin Type
Based on the resin type, the polymer concrete market is segmented as epoxy, latex, acrylate, polyester, vinyl, furan, and others. Epoxy is expected to remain the dominant resin type in the market, as it offers superior adhesion; greater chemicals, fatigue, and creep resistance. Epoxy-based concretes are preferred in industrial flooring, exterior walls, highways, and resurfacing materials for rehabilitation of weakened surfaces.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
- What is the impact of COVID-19 on the market forecast?
- What are the trends, drivers, and challenges?
- How competitive is the market? Who are the market leaders?
- What are the key strategies adopted by the market players?
- Which segments offer the greatest opportunities?
- Which are the most attractive regions?
- What are the key success factors for the market players?
- How does the business environment impact the market?
- Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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