A recent report published by Infinium Global Research on the poly concrete market provides an in-depth analysis of segments and sub-segments in the global as well as the regional poly concrete market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional poly concrete market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global poly concrete market. According to the report, the global poly concrete market is projected to grow at a CAGR of 6.63% over the forecast period of 2020-2026.
The poly concrete market size was over USD 494million in 2019 and is projected to expand at over 6.63% CAGR over the forecast period. Poly concrete is a compound made up of synthetic organic polymer functioning as a binder. This compound is a product of the polymerization of a monomer or aggregate mixture. Further, Portland cement is totally replaced by plastic resin concrete or synthetic resin concrete, then mixed with a hardening agent, sand, filter, gravel, or quartz powder. The chemical present in this material exhibits numerous properties such as high bearing strength, quickly preserving, high compressive strength, and high confrontation to chemical attacks, abrasion, and low penetrability. The main factor driving the poly concrete market is the growing need for chemical-resistant construction materials.
Globally, construction is more than USD 11 trillion industry, of which residential construction is the leading sector. The occurrence of the COVID-19 outbreak has caused disruption in the construction sector and the main disruption is in its supply chain. The transformation of COVID-19 from a China-centric challenge to a global epidemic has resulted in shifting the impact to the worldwide construction supply chains and markets. Furthermore, in the current situation, the builders and contractors are struggling to obtain permits for both new and in-process construction projects. Both workers and construction companies want to resume or continue their operations. Nevertheless, new guidelines and regulations issued by the governments have created ambiguity and confusion for the companies as well as the laborers. The demand for poly concrete technology is projected to rise globally owing to numerous factors such as superior mechanical properties and an increase in demand for chemical-resistant construction materials. The increasing awareness for eco-friendly concrete and shorter installation time also boosts the market growth. Furthermore, escalating construction activities in MEA is also one of the major factors which are projected to make a valuable contribution to the poly concrete market during the forecast period. Moreover, growing awareness among people regarding the high performance of poly concrete is the major trend witnessed in the poly concrete market. Conversely, the high cost of poly concrete is expected to hamper the growth of the market. However, the evolving construction industry coupled with the adoption of new construction techniques in emerging economics will generate plentiful opportunities to the market over the projected timeframe.
Among the geographies, the Asia Pacific region is expected to hold the largest share in the global poly concrete market. In the Asia Pacific region, the penetration of innovative construction techniques is anticipated to surge owing to its high market potential. Furthermore, the growing government investment together with growing urbanization for major projects across the residential, commercial, and industrial sectors will make a prominent contribution to the market size in the projection period. Moreover, the North America region is expected to witness high growth in the global poly concrete market during the forecast period. The major reason for the growth of the industry in this region includes growing construction activities, new bridges, and increasing road construction activities.
The report on the global poly concrete market covers segments such as type, class, and application. On the basis of type, the sub-markets include polyester, epoxy, vinyl, latex, and others. On the basis of class, the sub-markets include polymer resin concrete and polymer modified concrete. On the basis of application, the sub-markets include flooring blocks, pump bases, trench drains, waste containers, and others.
The report provides profiles of the companies in the market such as The DOW Chemical Company, BASF SE, Interplastic Corp, Dudick, Inc., Arizona Polymer Flooring Inc., Metrocast Corp., DowDuPont, Kwik Bond Polymers, Fort, L.P., and Napsco, Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the poly concrete market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.