25-Apr-19 The global polymer concrete market that is estimated at US 475 mln in 2018 is projected to register a CAGR of over 5% during the forecast period to reach US$646 mln by 2024 as per Reportlinker.com. Concrete structures are generally exposed to corrosive environments, which usually result in damage of the structure. However, use of polymeric materials in concrete proves to subvert this issue, owing to their durability and high strength. In addition, use of various types of resins, like epoxy and polyester-styrene, offers the required chemical resistance to concrete structures in hostile environments.
Demand has been boosted by various factors such as increasing demand for chemical-resistant construction materials and growing awareness about eco-friendly concrete. Better mechanical properties and shorter installation time are also expected to boost the popularity of polymer concrete across the globe. Polymer concrete is a compound, which is a product of polymerization of a monomer/aggregate mixture.The polymerized monomer acts as binder for aggregates, and the resulting composite. Substitution of traditional concrete is anticipated to open new opportunities in global polymer concrete market during forecast period. However, high cost of polymer concrete inhibits the market growth.
Global polymer concrete market has been categorized into type, class, binding agent, application, end user industry and region. Based on type, global polymer concrete market has been segmented into epoxy, methyl methacrylate and others. Among these, epoxy is the largest segment in global polymer concrete market, owing to high resistivity to chemicals, its great adhesion and creep resistance.Epoxy is used for special applications such as skid-resistant overlays in highways, industrial flooring, exterior walls and resurfacing materials for deteriorated areas to provide superior finishing.
Asia Pacific is anticipated to dominate the market during forecast period, owing to increasing road construction activities.
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