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Last edited 19 Nov 2020
The market is segmented into epoxy, polyester, vinyl ester, and others. Epoxy has been the largest category due to its increasing use in construction activities and its superior properties of high impact strength, high vibration resistance, good bonding with concrete and metal surfaces, and others.
Globally, North America has been recording the highest revenue in the polymer concrete market. This is attributed to its increasing use in repair and maintenance activities, rather than demolishing and rebuilding industrial, civil, and other infrastructure.
Middle East and Africa (MEA) has been recording the second highest revenue share, led by economic development in the region. Mega construction projects in the region, such as Smart City in Dubai and Lusail City in Qatar are fuelling growth.
The emergence of polymer concrete reinforced with fibres such as glass, boron, carbon, natural fibres, and others is a growth opportunity for the market. These fibres are added to improve the concrete’s properties, such as fracture resistance. Fibre-reinforced polymer composites are used in engineering structures including aircrafts, helicopters, offshore platforms, and others. These composites also find application in biomedical devices and civil structures.
Some of the major players operating in the polymer concrete industry are Forte Composites Inc., ACO Severin Ahlmann GmbH & Co. KG, Fosroc International Ltd., Sauereisen Inc., Dudick Inc., ErgonArmor, BaseTek, Crown Polymers Corporation, BASF SE, and Sika AG.
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