Press Release

North America to Continue its Dominance in Global Polymer Concrete Market through 2024

Rising demand for chemical-resistant construction materials and growing awareness about eco-friendly concrete to boost global polymer concrete market through 2024

According to TechSci Research report, Global Polymer Concrete Market By Type, By Class, By Binding Agent, By Application, By End User Industry, By Region, Competition, Forecast & Opportunities, 2024, global polymer concrete market is anticipated to witness healthy growth during 2019-2024. Polymer concrete is a compound, which is a product of polymerization of a monomer/aggregate mixture. The polymerized monomer acts as binder for aggregates, and the resulting composite. Growing awareness about the use of polymers in concrete, in addition to rising spending on repair & maintenance and increasing number of infrastructure projects in developing countries are the major factors expected to fuel growth in global polymer concrete market during forecast period.

North America accounted for the largest share in global polymer concrete market in 2018 and is expected to maintain its dominance in the market during the forecast period, owing to increasing use of polymer concrete in repair and maintenance activities in the region. Instead of demolishing and reconstructing industrial, civil and other infrastructure, individuals and companies are opting for restoration of structures, which is driving the market growth. Furthermore, growing industrial sector, backed by high-scale economic expansion, is fueling the growth, especially in Asia-Pacific and Middle East & Africa regions.

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“Manufacturing sector in Asia-Pacific is flourishing, owing to ample availability of labor and competitive cost base across the region. Moreover, influence of macroeconomic stimuli like population growth, rising disposable income, and most importantly increasing investments in building & construction activities in Southeast Asian countries are also expected to make the region one of the most promising markets for polymer concrete over the course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Polymer Concrete Market By Type, By Class, By Binding Agent, By Application, By End User Industry, By Region, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of global polymer concrete market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in global polymer concrete market.

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