U.S. Polymer Concrete Market Size, Share & COVID-19 Impact Analysis, By Type (Polymer Impregnated Concrete, Polymer Cement Concrete, and Polymer Resin Concrete), By End-Use (Residential, Commercial, Industrial, and Infrastructure), and Country Forecast, 2023-2030

The U.S. polymer concrete market size was worth USD 100.0 million in 2022 and is projected to grow at a CAGR of 4.5% during the forecast period.

Polymer concrete is a composite material that combines aggregates with a polymer binder instead of traditional cement. The polymer resin improves the strength, durability, and chemical resistance of the material. The increasing need for high-performance construction materials with improved corrosion resistance and extended lifespan is the key factor driving market growth. Furthermore, the increasing investments in the renovation of the existing infrastructure projects in the U.S. are slated to create growth opportunities for the market.

The COVID-19 impact on the construction industry was significant. The halt in construction activities caused a decline in the demand for materials, affecting market growth.

U.S. Polymer Concrete Market Trends

Surging Interest in Polymer Concrete in Rehabilitation Initiatives to Serve as a Market Trend

A noteworthy development in the U.S. polymer concrete market is the increased emphasis on infrastructure rehabilitation and renovation. With many key structures, such as bridges and roads, showing signs of advancement, there is rising interest in polymer concrete’s efficacy in extending the lifespan of these assets. The product offers excellent durability and resilience. Government initiatives and increasing investment in infrastructure development and renovation projects are slated to accelerate product adoption during the forecast period.

U.S. Polymer Concrete Market Growth Factors

Increasing Product Demand from Sustainable Construction Practices to Boost Market Growth

The imperative for sustainable construction practices in the U.S. drives the U.S. polymer concrete market growth. As environmental concerns take the stage, construction professionals and developers are increasingly recognizing the eco-friendly properties of polymer concrete. The material’s ability to contribute to the construction of longer-larger lasting structures with lower maintenance requirements matches ideally with the construction industry’s growing commitment to environmentally conscious building solutions.

This spike in sustainability-driven demand is further boosted by continued innovation in polymer concrete formulations. As the industry evolves, the versatility and capacity of the material to meet both performance and environmental criteria position it as a critical component in influencing the future of construction practices in the U.S.

RESTRAINING FACTORS

Cost Barriers and Awareness Gaps May Hamper Product Demand, Hindering Market Growth

Polymer concrete’s acceptance in the U.S. market is hampered by its greater upfront cost when compared to traditional construction materials. While polymer concrete has long-term advantages, such as enhanced durability and lower maintenance, the initial price can be expensive for some end-uses. Furthermore, improved knowledge and education within the construction sector are required to overcome any resistance to change and highlight the benefits of the product in terms of sustainability and lifespan performance.

U.S. Polymer Concrete Market Segmentation Analysis

By Type Analysis

Based on type, the market is segmented into polymer cement concrete, polymer impregnated concrete, and polymer resin concrete.

The polymer impregnated concrete segment held the largest share in 2022. Polymer impregnated concrete is made by impregnating a porous concrete substrate with a polymer resin. This type of concrete is commonly used in the rehabilitation and repair of concrete structures. The rising rehabilitation in the country is further expected to drive the segment growth.

Polymer resin concrete is in demand on industrial floors, structural elements, countertops, and architectural elements. This type of concrete delivers superior chemical resistance, lightweight properties, and exceptional design flexibility. These superior properties are poised to drive the segment growth.

By End-Use Analysis

In terms of end-use, the market is segmented into residential, commercial, industrial, and infrastructure.

The infrastructure segment held the largest U.S. polymer concrete market share in 2022. The applications of the product range from bridge decks to highways. It also offers enhanced durability, reduced maintenance requirements, and resistance to environmental factors, contributing to the longevity and sustainability of critical infrastructure components. This is expected to drive product adoption for infrastructure applications during the forecast period.

In commercial end-use, the product proves beneficial for flooring systems, facades, and other structural elements. Its ability to withstand heavy foot traffic and maintain a smooth, easily maintainable surface makes it a practical choice for commercial buildings where durability is a key consideration. Hence, the beneficial properties offered by the product are expected to drive its use in commercial applications.

List of Key Companies in U.S. Polymer Concrete Market

In terms of the competitive landscape, the market depicts the presence of established and emerging companies. Key players include Interplastic Corporation, BASF SE, Sika AG and ULMA Architectural Solutions, among others. Industry players compete primarily based on price and end-use characteristics of the product. Most companies have integrated raw material production and sales activities to maintain product quality and expand regional influence.

LIST OF KEY COMPANIES PROFILED

• Interplastic Corporation (U.S.)


• Kwik Bond Polymers (U.S.)


• Dudick Inc. (U.S.)


• Forté Composites (U.S.)


• ErgonArmor (U.S.)


• Solvay (Belgium)


• BASF SE (Germany)


• Wacker Chemie AG (Germany)


• SIKA AG (Switzerland)


• ULMA Architectural Solutions (Spain)

KEY INDUSTRY DEVELOPMENTS

• November 2023: Sika AG expanded concrete admixtures production capacity in the U.S. Polymers that act as a chemical building block are used to manufacture Sika ViscoCrete, resource saving and high-performance concrete admixture. The company expanded in response to growing demand for concrete admixture in the U.S. and Canada.


• May 2019: Sika AG acquired Parex, a leading provider of mortar and specialty construction products, to strengthen its position in the U.S. construction market.

REPORT COVERAGE

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The study report thoroughly examines key factors such as leading companies, types, and end-uses. It also provides market insights and highlights significant industry advancements. The study includes different variables that have contributed to the market's growth in recent years. It examines the industry's newest market dynamics, trends, opportunities, historical data and revenue growth estimates at the country level.

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