Polymer Concrete Market Trends

Growth Drivers

• High Emphasis on Sustainability – Polymer concrete at times is considered one of the most sustainable options in comparison with traditional cement-based concrete owing to its reduced environmental impact, longer lifespan, and lower maintenance requirements.
• High Demand for Lightweight Materials in End-Use Industries – The growing demand for strong and lightweight advanced materials in end-user industries such as aerospace, automotive, marine, and others is expected to boost the polymer concrete market expansion in the estimated period. Multiple industries use polymer concrete owing to its wide range of abilities such as lightweight, high durability, resistance to chemicals, and others.
• Rising Advancement in Sewage Systems – Exponentially growing infrastructural development globally is giving rise to specific applications that demand polymer concrete for industrial purposes. Such as in the Asia Pacific region there has been extensively high demand for sewage pipes. Polymer concrete is used in projects containing liquid and chemicals disturbing the infrastructure due to its great curing ability and high strength.  As per studies, a day of curing polymer concrete at room temperature can raise its strength to 70%.
• Increasing Economy Leads to the Development of Smart Cities - Growing economies will lead to the creation of smart cities in several nations, which will boost demand for the polymer concrete industry even more.  

Challenges

• Cost Management Issues – Managing costs is a significant challenge in construction projects. Factors such as labor costs, fluctuating raw material costs, and unexpected expenses might impact negatively the project budget. In addition, disorganization in project planning, procurement, and project execution might lead to cost overruns.
• Lack of Skilled Labor
• Delays and Disruptions in Projects