Global polymer concrete industry to grow by US$272.5 mln by 2025 at CAGR of 6.8%

14-Aug-19

Polymer Concrete market worldwide is projected to grow by US$272.5 mln, guided by a compounded growth of 6.8%, as per Reportlinker. The market displays the potential to grow at over 7.1%. Poised to reach over US$520 mln by the year 2025, Polymer Modified Concrete (PMC) will bring in healthy gains adding significant momentum to global growth.

While global megatrends sweeping through the market influence the primary direction of growth, regional markets are swayed by more granular locally unique business drivers. Representing the developed world, the United States will maintain a 5.8% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$10.8 mln to the region's size and clout in the next 5 to 6 years. Over US$25.4 mln worth of projected demand in the region will come from other emerging Eastern European markets. In Japan, PMC will reach a market size of US$30.6 mln by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 9.8% over the next couple of years and add approximately US$72.7 mln in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East.