United States Polymer Concrete Market to Grow at a Steady Rate until 2025
According
to TechSci Research report, “United States Polymer
Concrete Market By Type (Epoxy, Methyl Methacrylate, Polyester and Others), By
Component (Polymer, Portland Cements, Aggregates, Colorants, Others), By Class
(Polymer Modified Concrete, Polymer Impregnated Concrete and Polymer Resin
Concrete), By Binding Agent (Natural Resin and Synthetic Resin), By Application
(Containments, Pump Bases, Waste Containers, Flooring Blocks, Trench Drains and
Others), By End User (Non-Residential Structures, Residential Structures and
Civil Infrastructure), By Region, Forecast & Opportunities, 2025”, the United States polymer concrete market is expected to
grow at a steady rate during the forecast period. Concrete structures are
generally exposed to corrosive environments, which usually result in damage to
the structure. However, use of polymeric materials in concrete proves to
subvert this issue, owing to their durability and high strength. This is
estimated to drive the market growth during the forecast period. Additionally, better
mechanical properties and shorter installation time are also expected to boost
the popularity of polymer concrete across the country. Moreover, the use of
various types of resins, such as epoxy and polyester-styrene, provides the
required chemical resistance to concrete structures in hostile environments,
which is further estimated to aid the growth of US polymer concrete market over
the coming years. However, the factor that might act as major impediment to the
growth of US polymer concrete market during the forecast period is high cost of
polymer concrete.
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The United States polymer concrete market is segmented based on type,
class, binding agent, application, end user, component, company and region. Based
of class, the market is fragmented into polymer modified concrete, polymer
impregnated concrete and polymer resin concrete. Out of these, the polymer
modified concrete segment dominated the market until 2019 and is projected to maintain
its dominance in the market during the forecast period as well. This is mainly
due to the fact that polymer modified concrete is generally less expensive when
compared to polymer concrete and are frequently used in restoration work when
construction time is limited. Also, polymer modified concrete is required in
less quantity, which is further expected to propel the growth of the segment
over the coming years. In terms of end user, the market is segregated into non-residential
structures, residential structures, and civil infrastructure. Out of these, the
infrastructure segment is expected to dominate the market in the coming years,
on account of rising use of polymer concrete in repair & maintenance
activities coupled with increase in building & construction operations to
support the growing industrialization.
Forte Composites Inc, ACO Polymer,
Bouygues, Wacker Chemical Corporation, Kwik Bond Polymers, Sika Corporation, Sauereisen,
Inc., ErgonArmor, Crown Polymers Corp and others are some of the leading
players operating in United States polymer concrete market. The companies operating
in the market are using organic strategies such as product launches, mergers
and collaborations to boost their market share and increase their geographic
reach.
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“The
United States polymer concrete market is expected to grow at a steady pace
during the forecast period.
Based on application, the US polymer concrete market is fragmented into containments,
pump bases, waste containers, flooring blocks, trench drains and others. The containments
segment is expected to grow at a high CAGR in the coming years. This growth is
accredited to rising concerns for pollution, safe environment and proper sewage
which requires concrete containments, which is expected to directly augment the
segment growth in the near future. ” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“United States Polymer Concrete Market By Type
(Epoxy, Methyl Methacrylate, Polyester and Others), By Component (Polymer,
Portland Cements, Aggregates, Colorants, Others), By Class (Polymer Modified
Concrete, Polymer Impregnated Concrete and Polymer Resin Concrete), By Binding
Agent (Natural Resin and Synthetic Resin), By Application (Containments, Pump
Bases, Waste Containers, Flooring Blocks, Trench Drains and Others), By End
User (Non-Residential Structures, Residential Structures and Civil
Infrastructure), By Region, Forecast & Opportunities, 2025”, has evaluated the
future growth potential of United States polymer concrete market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in United States polymer concrete market.Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]