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Global Polymer Concrete Market: Overview

Polymer concrete is a compound, which uses synthetic organic polymer as binder. Portland cement has been completely replaced by plastic resin concrete or synthetic resin concrete, which is then mixed with hardening agent, sand, gravel, filler, or quartz powder. The chemical present in this material exhibits various different properties such as high impact strength, high compressive strength, fast curing, high resistance to chemical attack, abrasion, and low permeability. The primary method of producing polymer concrete is by reduction of volume of voids in aggregates which would lower the quantity of polymer required for binding these aggregates. Binding is achieved by properly grading the aggregate in order to maintain less voids and maximum density. The properties of polymer concrete are highly dependent on the type, amount, and the properties of polymers in the concrete being used. The cost of polymer concrete is higher than that of cement.

Polymer concrete materials can be broadly classified into Polymer Portland Cement Concrete (PPCC), Polymer Impregnated Concrete (PIC), and Sulfur-Impregnated Concrete. PPCC uses polymers and cement to form polymer cement concrete. It exhibits distinct properties than that of normal concrete such as durability to freezing, excellent ductility, and resistance to penetration by salt and water. It is used widely in mortars, flooring, patching compounds, etc. PIC uses the general procedure of impregnation of removing water by drying. It offers properties such as high strength, resistance to corrosion which is particularly used in structural elements and bridge decks. Sulfur impregnated concrete increases the strength by its interaction between sulfur and calcium hydroxide. This provides it with chemical resistance. Sulfur impregnated concrete is widely employed in industrial plants. Polymer binder can be thermoplastic or thermosetting polymer. Thermoplastics can be heated and formed repeatedly, while thermosetting can only be heated and shaped once. Polymer binders are frequently of thermosetting type. 

Polymer concrete is used in various applications. It is extensively used in nuclear power plants, marine works, industrial tanks, water storage systems, sewage works, waterproofing structures, industrial plants, desalination plants, prefabricated structural elements, bridge drainage system, linear drainage system, electrolysis of non-ferrous metals, etc. Growth in transportation and increase in infrastructural activities are the major factors driving the demand for polymer concrete. Also due to its distinct superior characteristics, increase in the need of material with high toughness, strength, durability and ductability are one of the important factor for using environment friendly concrete. High cost of polymer concrete is a restraining factor for the polymer concrete market. Thus, polymer concrete can only be used in applications that require low energy consumption and less manpower. 

In terms of demand, Asia Pacific is leading the polymer concrete market across the globe. This trend is expected continue during the forecast period, led by growth in transportation and infrastructure industries in the region. The U.S. also accounts for significant share of the polymer concrete market in terms of demand due to the expansion of the construction industry in the country. The polymer concrete market in Europe and Middle East & Africa is expanding at a sluggish pace than that in other regions. Replacement of the existing concrete, increase in awareness about the usage of polymers, and development of new cheaper products are likely to offer immense opportunities for the polymer concrete market. Rest of the World market accounts for small share of the polymer concrete market; however, the region’s share is anticipated to increase during the forecast period. 

Key manufacturers and suppliers in the polymer concrete market include Bechtel Corporation, BASF, Bouygues S.A., Forte Composites Inc, Wacker Chemie AG, Kwik Bond Polymers, and ACO Group of Companies. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Polymer Concrete Market

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