Increasing demand for polymer concrete in new applications is being driven by increased qualities such as the capacity to produce complicated forms, excellent vibration damping, and quick curing capabilities, which are driving polymer concrete market expansion. Polymer concrete is commonly utilised in pump bases, trash containers, chemical containment, industrial flooring blocks, and trench drains. The aforementioned reasons are expected to drive polymer concrete market expansion throughout the forecast years. The polymer concrete market is expected to expand since it is increasingly employed in drainage applications. The high cost of polymer concrete in comparison to other materials limits its applicability in unique applications. This aspect is projected to impede the growth of the polymer concrete market throughout the forecast period. Furthermore, increased use of a certain form of plastic as a less expensive alternative to polymer concrete that has the same qualities as polymer concrete is expected to impede market expansion over the forecast period. Lack of understanding about the multiple benefits of polymer concrete is predicted to have some influence on the market growth of polymer concrete.
According to Coherent Market Insights, Global Polymer Concrete Market was valued at US$ 686.8 Million in 2021 in terms of revenue, exhibiting a CAGR of 7.6% during the forecast period (2022 to 2030).
Market Leaders in the Polymer Concrete Industry:
1. BASF SE
BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The company was founded in 1865 and is headquartered in Ludwigshafen am Rhein, Germany.
2. Sika AG
Sika AG, a specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry worldwide. The company was founded in 1910 and is headquartered in Baar, Switzerland.
3. Wacker Chemie AG
Wacker Chemie AG, together with its subsidiaries, provides chemical products worldwide. It operates through four divisions: Wacker Silicones, Wacker Polymers, Wacker Biosolutions, and Wacker Polysilicon. Wacker Chemie AG was founded in 1914 and is headquartered in Munich, Germany. The company operates as a subsidiary of Dr. Alexander Wacker Familiengesellschaft mbH. In January 2022, WACKER’s, opened Moscow Laboratory for cement and concrete additives. The Moscow Laboratory is part of WACKER’s new Innovation Hub for Cement and Concrete. The laboratory facility's main objective is to better protect cement and concrete materials from moisture, both during storage and after application.
4. Dudick Inc.
Dudick is a manufacturer of high-performance linings and secondary containment coatings, providing solutions for corrosion resistance and chemical containment systems across a broad range of applications including food processing, steel production, chemical processing, pulp and paper, electronics, power and biological research labs. The company was founded in 1970, headquartered in Ohio, U.S. In Jun 7, 2021 Carboline Company acquired Dudick
5. ACO Group
Founded in 1991, headquartered in Malaysia. ACO Group is a wholesaler and distributor of electrical products and accessories for industrial, commercial and residential use. The company is specialized in distribution of cables, wires and accessories; protection and control devices; and electrical appliances and accessories.
6. Sauereisen Inc.
Established in 1899, Sauereisen provides worldwide product distribution of corrosion-resistant materials and High-Temperature Cements. Sauereisen, Inc. operates as a building material manufacturing company. The Company manufactures primers, substrate repair, coatings, linings, flooring, poylmer concrete, and refractories materials. Sauereisen serves customers in the state of Pennsylvania
7. Hubbell Power Systems Inc.
Hubbell Power Systems (HPS) manufactures a wide variety of transmission, distribution, substation, OEM and telecommunications products. In 2019 December 9, Hubbell Power Systems, Inc. (HPS) acquired Cantega Technologies and its associated brands, GreenJacket, Reliaguard and Cantega RTS. Cantega joins the Hubbell Power Systems Group, led by Group President Allan Connolly. The company was fouded in 1994, headquartered in Centralia, U.S.
*Definition- Polymer concrete is a composite material that hardens materials in the construction sector by combining thermoplastic polymers with an epoxy binder. It contains water, gravel, and sand as major ingredients, making it suited for the restoration of any concrete construction.
