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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