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.
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