POLYMER CONCRETE MARKET ANALYSIS

Regional Analysis

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North America has been dominating the global polymer concrete market with 36.7% of the market share in 2024 owing to a strong presence of major polymer concrete manufacturers and users in the region. The U.S. is home to some of the largest polymer concrete companies in the world including Sika Corporation and Fosroc which have been investing heavily in R&D to develop advanced polymer concrete materials. The region also has stringent government regulations regarding the use of materials that provide durability and sustainability for infrastructure projects. This has significantly boosted the demand for polymer concrete from the transportation and construction industries. Moreover, North America is an early adopter of new technologies and materials. Established application areas such as containment structures for wastewater treatment have also contributed to North America's leading position.

Asia Pacific has emerged as the fastest growing regional market for polymer concrete in recent years. The growth can be attributed to expanding construction activities and rapid industrialization taking place across developing countries of the region. Countries like India and China have been investing heavily in building roads, bridges, buildings, and other infrastructure on a large scale. This has opened up opportunities for advanced building materials like polymer concrete. Additionally, strong export orientations of the Asia Pacific economy have also augmented the usage of polymer concrete in manufacturing applications involving chemical containment and processing plants. Local polymer concrete producers such as BASF India have established themselves well by providing cost effective solutions. The Asia Pacific market is expected to witness continued growth due to rising expenditures on public infrastructure projects and growing industrial sectors in the coming years.