July 28, 2017 – As compared to conventional concrete products, polymer concrete products have been shown to display a superior compressive strength as well as impact strength.
Polymer concrete is capable of enduring high-frequency vibrations and can be used for constructing complex shapes. Use of the polymer concrete in industrial infrastructures such as waste containers, pump bases, industrial flooring blocks, chemical containments, and trench drains has grown significantly in the past couple of years.
Currently, the polymer concrete market is valued at around $300.5 million and is estimated to exceed $691 million by 2027. The market is expected to witness growth as a result of the increasing requirements of materials with high durability, chemical resistance, and corrosion resistance. However, a lack of product awareness continues to be a major factor inhibiting the growth of the market at this point.
Regions such as Europe and North America are already witnessing a widespread adoption of polymer concrete material in the construction application. Due to the low-cost benefit over other resins, polyester continues to be the preferred choice for manufacturing polymer concrete products.
The global polymer concrete market should witness a surge only to be influenced by further product innovation and new product development during the next 10 years. On the basis of binding agents, synthetic resins hold a significant share of the market. The demand for natural resin is expected to remain sluggish throughout the forecast period.
As the market awareness grows, contractors will benefit from increased options in concrete materials on their jobs and can produce better quality projects.