Shifting Focus towards Eco-friendly Concrete to Drive Asia-Pacific Polymer Concrete Market till 2024
Rising
demand for chemical-resistant construction materials and growing awareness
about eco-friendly concrete to boost Asia-Pacific polymer concrete market
through 2024
According
to TechSci Research report, “Asia-Pacific Polymer Concrete Market By Type, By Class, By Binding Agent, By Application, By
End User Industry, By Country, Competition, Forecast & Opportunities, 2024”, Asia-Pacific
polymer concrete market is anticipated to register growth during the forecast
period, on account of increasing awareness regarding the use of polymers in
concrete. Moreover, rising spending on repair & maintenance and growing infrastructure
projects in developing countries are some of the other major factors that would
fuel growth in the region’s polymer concrete market during the forecast period.
Based on class, the market has been segmented into
polymer modified concrete, polymer impregnated concrete and polymer resin
concrete. Polymer modified concrete is the largest segment in Asia-Pacific
polymer concrete market, owing to increasing use of polymer modified concrete
in applications like anti-corrosion, repair works and protection of old
concrete. In terms of type, the market has been segmented into epoxy, methyl
methacrylate and others. Epoxy dominates the market, on the back of superior
properties like superior flexibility and higher heat resistance. Asia-Pacific
is the largest market for polymer concrete, in terms of value and volume,
globally, owing to the shifting of manufacturing facilities by large company players
from mature markets like North America and Europe to Asia-Pacific. Growing
consumption of polymer concrete in residential, non-residential and
infrastructure projects to accommodate rising urban class population in the
Asia-Pacific region is expected to drive the demand in future.
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“Conventional
concrete, alkaline Portland hydraulic cement form voids and cracks during
hydration, leaving gaps for water penetration, which in turn leads to cracks in
the concrete. Notably, usage of polymer concrete subverts this disaster, owing
to its durability and high strength. Moreover, the use of several types of
resins, such as epoxy and polyester-styrene exterminate the open voids and
provides the required chemical resistance to the structures in the hostile
environments.”, said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based global management consulting firm.
“Asia-Pacific
Polymer Concrete Market By Type, By Class, By Binding Agent, By Application, By
End User Industry, By Country, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of Asia-Pacific
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 Asia-Pacific polymer concrete market.
About TechSci Research
TechSci Research is a leading Asia Pacific market research firm
publishing premium market research reports. Serving 700 Asia Pacific clients
with more than 600 premium market research studies, TechSci Research is serving
clients across 11 different industrial verticals. TechSci Research specializes
in research-based consulting assignments in high growth and emerging markets,
leading technologies and niche applications. Our workforce of more than 100
fulltime Analysts and Consultants employing innovative research solutions and
tracking Asia Pacific and country specific high growth markets helps TechSci
clients to lead rather than follow market trends.
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