Polymer Concrete Market Size, Share & Trends Analysis Report By Product Type (Polymer Impregnated Concrete, Polymer Cement Concrete), By End Use (Residential, Commercial, Industrial, Infrastructure), By Region, And Segment Forecasts, 2024 - 2030

Polymer Concrete Market Size & Trends

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.

Product Type Insights

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.

End Use Insights

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.

Regional Insights

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.

U.S. Polymer Concrete Market Trends

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 Polymer Concrete Market Trends

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.

Europe Polymer Concrete Market Trends

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. 

Key Polymer Concrete Company Insights

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

Recent Developments

• In April 2024, Sika AG acquired a concrete polymer company of the U.S., named Kwik Bond Polymers, LLC. This acquisition is expected to help Sika AG’s system which works on refurbishment of concrete structures. 

Polymer Concrete Market Report Scope

Global Polymer Concrete Market Report Segmentation

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