Concrete Containing Polymers Market is forecast to reach $1.5 billion by 2025, after growing at a CAGR of 7.5% during 2020-2025. The growing demand for composite materials that offers high tensile, flexural, and compressive strengths along with good long-term durability from various applications like road construction, water storage systems, and electrolysis of non-ferrous metals drives the growth of global concrete containing polymers market size. Furthermore, the growth of transportation and infrastructural activities in developed and developing economies are contributing to the increase in demand for concrete containing polymers during the forecast period.
- Among the regions, in 2019, the Asia-Pacific dominates the Concrete Containing Polymers market and is projected to dominate throughout the forecast period followed by North America and Europe. This growth in owing to growing population, increasing urbanizations, and developing construction sectors across the region.
- In North America region, the US dominates the concrete containing polymers market in 2019 and is projected to hold the largest share during the forecast period. Besides, in RoW, the Middle East region is projected to witness a substantial growth during the forecast period owing to the growing construction activities in UAE.
- The need to replace the existing concrete as it ages and developments of historical places worldwide further contribute for the growth of global concrete containing polymers industry market.
Geography – Segment Analysis
In 2019, APAC dominated the Concrete Containing Polymers market with a share of more than 35%, followed by North America and Europe. The presence of emerging countries with large customer base like Chin and India, availability of low cost labors, flourishing manufacturing sector, and growing road (highway) constriction projects in India are driving the growth of this market along with providing growth opportunities in APAC region during the study period.
Drivers – Concrete Containing Polymers Market
- Growing demand across various end-use industries applications
- Rise in construction activities in the MEA region
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Concrete Containing Polymers marke outlook. In 2019, the market of global Concrete Containing Polymers top 10 players accounting for xx% of the share. Major players in the Concrete Containing Polymers Market are ACO Group of Companies, Bechtel Corporation, BASF SE, Forté Composites Inc., Interplastic Corporation, Bouygues S.A., Kwik Bond Polymer, Wacker Chemie AG, Wagman Concrete Group, Dow Chemical, and ULMA Architectural Solutions, among others.
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