The global polymer concrete market size was estimated at USD 576.8 million in 2023 and is projected to grow at a CAGR of 6.2% from 2024 to 2030. This growth is attributed to the rapid urbanization and industrialization, particularly in emerging markets, which are driving demand for durable infrastructure. Governments are investing heavily in roads, bridges, tunnels, airports, and power plants, which require materials that can withstand harsh environmental conditions and have long service lives, such as polymer concrete. This material possesses excellent durability, high strength, and chemical resistance, on account of which it is increasingly preferred for these applications.
Polymer concrete is highly resistant to corrosive chemicals, making it ideal for use in industries like chemical processing, wastewater treatment, and oil & gas. It is also used in areas where conventional materials fail, such as marine environments or in proximity to aggressive chemicals. This material exhibits high compressive and tensile strength, excellent bonding with reinforcements, and low water permeability, making it a preferred choice in projects including, flooring, pipes, tanks, and other industrial applications that face heavy mechanical loads.
The rising number of industrial facilities, especially in emerging economies, is a major growth driver for the market. Furthermore, developed regions like North America and Europe are dealing with aging infrastructure. Polymer concrete, which offers superior durability compared to conventional products, is being used in the repair and rehabilitation of bridges, highways, and public utilities, as it requires less maintenance and provides longer-lasting results.
Raw materials used to produce this product, such as synthetic resins, are more expensive than those used in traditional concrete, such as Portland cement. This increases the overall cost of polymer concrete and makes it less attractive for projects with small-scale budgets. In addition, the manufacturing process of polymer concrete is more complex, requiring precise formulation and quality control, which further adds to the cost. As a result, its use is often limited to high-performance applications where the additional costs can be justified.
As sustainability becomes a priority in construction, polymer concrete offers advantages in terms of durability and reduced maintenance, which aligns with the goals of long-lasting and environmentally friendly construction.
Polymer concrete offers a longer lifespan than traditional materials, helping to reduce the environmental impact of repairs and replacements. Therefore, the use of this product in energy-efficient and green-certified buildings is rising, as it contributes to reducing the carbon footprint through reduced need for replacement. This trend presents new opportunities as more developers and governments push for sustainable building practices.
The polymer cement concrete segment led the market with the largest revenue share of 57.44% in 2023 and is further expected to grow at a significant CAGR over the forecast period. This product is widely used in a variety of repair, renovation, and new construction projects due to its versatility and cost-effectiveness. Furthermore, it exhibits better adhesion to various surfaces, making it suitable for repair and overlay applications. The addition of polymers enhances the bonding properties of the concrete to both old and new surfaces.
Polymer cement concrete has very high compressive, tensile, and flexural strength compared to both traditional concrete and other types of polymer concrete, thereby making it suitable for heavy-duty structural applications.Furthermore, this product type can achieve full strength within hours, significantly reducing downtime during construction or repair processes. This is a significant advantage in time-sensitive projects. This product is used in high-performance applications where exceptional strength, durability, and chemical resistance are critical.
Based on end use, the market is segmented into residential, commercial, industrial and infrastructure. The infrastructure segment led the market with the largest revenue share of 45.92% in 2023. The infrastructure sector is the largest consumer of polymer concrete, driven by the need for long-lasting, low-maintenance materials in public works projects. Governments and municipalities use polymer concrete in a variety of critical infrastructure applications such as bridges, overpasses, roads, and highways. Infrastructure projects require materials that can last for decades with minimal maintenance and this product offers a longer lifespan and higher resistance to environmental degradation than traditional concrete.
In commercial sector, polymer concrete is used in a wide variety of building projects, including retail centers, office buildings, hotels, and hospitals. The material’s superior performance characteristics make it ideal for use in areas where heavy foot traffic, wear and tear, and chemical exposure are common. Furthermore, ability to mold this product into various designs is highly valued in commercial architecture, particularly in hotels and office buildings that require visually appealing exteriors and interiors.
The polymer concrete market in North America is expected to grow at a significant CAGR over forecast period, on account of several key trends, including aging infrastructure, industrial growth, and environmental regulations. Growing awareness of environmental sustainability and stricter regulations regarding water management and pollution control are driving adoption of polymer concrete in applications such as drainage systems, sewer infrastructure, and water treatment plants in region.
The polymer concrete market in U.S. accounted for the largest market share of North America in 2023 and is further expected to grow at a significant CAGR over the forecast period. Country is facing significant challenges with aging infrastructure, including deteriorating bridges, highways, water treatment plants, and sewage systems. Need for durable and low-maintenance materials in the repair and modernization of these structures is driving demand for polymer concrete in country.
Asia Pacific dominated the polymer concrete market with the largest revenue share of 36.09% in 2023, on account of rapid urbanization, industrialization, and infrastructure development. Governments in countries like China and India are investing heavily in infrastructure projects, including bridges, highways, tunnels, and water treatment plants. Furthermore, the region's rapid urbanization is leading to the development of smart cities and advanced infrastructure projects, which in turn are driving demand for polymer concrete in the region.
The polymer concrete market in Europe is anticipated to grow at the fastest CAGR of 5.7% from 2024 to 2030. The region's emphasis on sustainable development, green building practices, and infrastructure renovation is primarily fueling the market's growth. The material's long lifespan, low maintenance requirements, and resistance to chemicals make it a sustainable option for infrastructure and building projects.
Some of the key players operating in the market includeBASF SE and Sika AG:
BASF SE is engaged in the manufacturing and distribution of chemicals and related products throughout the world. It operates in several industries Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions Furthermore, BASF SE operates in 91 countries including China, South Korea, France, Germany, UK and Canada
Sika AG was established in 1910 and is headquartered in Baar, Switzerland. It is a manufacturer and supplier of specialty chemicals. The company manufactures products targeting to markets including concrete, waterproofing, roofing, flooring, sealing & bonding, refurbishment, and industrial
Lidco Building Technologies, and Interplastic Corporation are some of the emerging participants in the market.
Lidco Building Technologies is a manufacturer, supplier, and installer of slot line, tile drain, shower channels, carparking drain, marble drain, designer drain, polymer concrete, ductile grating, swimming pool grating, floor drain, industrial grating, and oil grease trap. Company provides polymer concrete as per client’s requirements and its product can be used in new construction or repair work
Interplastic Corporation is involved in manufacturing of polyester, vinyl ester, gel coats, adhesives/compounds, and colorants. With its products, company caters to the requirements of various markets including architecture, corrosion/fire retardant, marine, road/bridges/rebar, transportation, and wind energy
The following are the leading companies in the polymer concrete market. These companies collectively hold the largest market share and dictate industry trends.
Report Attribute |
Details |
Market size value in 2024 |
USD 612.8 million |
Revenue forecast in 2030 |
USD 881.0 million |
Growth rate |
CAGR of 6.2% from 2024 to 2030 |
Base year for estimation |
2023 |
Historical data |
2018 - 2022 |
Forecast period |
2024 - 2030 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2024 to 2030 |
Report coverage |
Revenue forecast, competitive landscape, growth factors, and trends |
Segments covered |
Product type, end use, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Country scope |
U.S.; Canada; Mexico; UK; Germany; France; Italy; Spain; China; India; Japan; South Korea; Brazil; Argentina |
Key companies profiled |
BASF SE; Sika AG; Interplastic Corporation; Dudick Inc.; Forté Composites; ULMA Architectural Solutions; Lidco Building Technologies; Kwik Bond Polymers, LLC; ErgonArmor; TPP Manufacturing Sdn Bhd |
Customization scope |
Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at regional & country levels and provides an analysis of the industry trends in each of the segments from 2018 to 2030. For this study, Grand View Research has segmented the global polymer concrete market report based on product type, end use, and region:
Product Type Outlook (Revenue, USD Million, 2018 - 2030)
Polymer Impregnated Concrete
Polymer Cement Concrete
Polymer Resin Concrete
End Use Outlook (Revenue, USD Million, 2018 - 2030)
Residential
Commercial
Industrial
Infrastructure
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Asia Pacific
China
Japan
India
South Korea
Central & South America
Brazil
Argentina
Middle East & Africa
b. The global polymer concrete market size was estimated at USD 576.8 billion in 2023 and is expected to reach USD 612.8 billion in 2024.
b. The global polymer concrete market is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2030 to reach USD 881.0 billion by 2030.
b. Polymer cement concrete product type accounted for the largest revenue share of over 57.4% in 2023 owing to its broad range of applications, cost-effectiveness, and ease of use in both repair and new construction.
b. Some key players operating in the polymer concrete market include BASF SE, Sika AG, Interplastic Corporation, Dudick Inc., Forté Composites, ULMA Architectural Solutions, Lidco Building Technologies, Kwik Bond Polymers, LLC, and ErgonArmor.
b. The key factors that are driving the market growth is the rapid urbanization and industrialization, particularly in emerging markets, which are driving demand for durable infrastructure and material such as polymer concrete.
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