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By 2025, Polymer Concrete Market is Estimated to Collection $600 Million Revenue

Author : Rahul Varpe | Published Date : 2019-10-22 

Polymer Concrete Market research report added by Global Market Insights is a thorough analysis of the latest trends prevalent in this business. The report also dispenses valuable statistics about market size, participant share, and consumption data in terms of key regions, along with an insightful gist of the behemoths in the polymer concrete market.

 

The robust shift in the focus of building developers toward constructing eco-friendly infrastructure over the last few years will push the use of polymer concrete on a large scale. The stand taken by regional governments to improve the economy with considerable investments in roads, buildings, bridges, and renovation of old monuments is also poised to fuel polymer concrete industry trends significantly. For the record, by the end of 2025, polymer concrete market will surpass a revenue collection of USD 600 million.

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With building developers becoming more conscious about the strength, ductility, and toughness of construction material, polymer concrete market has observed a renewed traction lately. This material is widely preferred on account of its benefits such as improving adhesive characteristics of old surfaces, tensile strength, freeze durability, and flexural strength. In addition, heavy investments in the global construction sector are being made lately, increasing the demand for various types of polymer concretes for providing impermeable toppings over the bridge decks, additives for plasters, and filling for installing tile.

The growing construction activities and rising focus on the surging use of polymer concrete materials, the giants in the polymer concrete market are looking forward to investing in capacity expansions. The countries across the Middle East for instance, have been rapidly expanding their existing facilities. In addition, regional governments have been making substantial investments on infrastructure development across this region, further generating lucrative opportunities for the market players.  

Polymer concrete market by application:

  • Containments
  • Pump bases
  • Water containers
  • Flooring blocks
  • Trench drains
  • Others

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Owing to the depletion of fossil fuel resources, the UAE government is shifting its focus on tourism rather investing in oil and gas exploration to diversify the economy. The increasing development of logistic centers and surging deployment of green technologies will propel Middle East polymer concrete market share over the years ahead.

Rising concerns about the carbon dioxide emission is one of the causes fueling the polymer concrete market outlook. The surging use of cement in road construction activities has led to an increase in carbon dioxide emissions across the globe. On this note, efforts are being made to utilize polymer concrete on a large scale. Reportedly, in Australia across the Victoria region, pavements, roads, and freeways have been developed with the help of geopolymer concrete.

 

Polymer concrete market share is competitive, with several key players accounting for the total industry size. The major players include ACO Group of Companies, Forte Composites Inc, BASF, Bouygues S.A., Kwik Bond Polymers, Wacker Chemie AG, Sika, Crown Polymers, Fosroc, Mapei, ErgonArmor and SAUEREISEN.

One of the leading contributors of polymer concrete industry, Sika has expanded its regional reach across United Arab Emirates recently with the establishment of a new concrete admixture production plant in Dubai. The development of a local polymer production facility is slated to reduce the production cost that will become beneficial for customers across the GCC (Gulf Cooperation Council) to fulfil their concrete admixture requirements considerably.

Related News: https://www.marketwatch.com/press-release/by-2025-wood-based-panel-market-is-anticipated-to-witness-significant-growth-2019-10-22

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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