Polymeric Sand Market Segmentation:
End-user (Industrial, Residential, Commercial, Municipal)
The global polymeric sand market is segmented and analyzed for demand and supply by end-use into industrial, residential, commercial, and municipal. Out of these types of segments, the residential segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the increasing number of residential buildings across the globe, owing to the increasing population and the need for housing. As per estimations, in 2020, there were almost 100 million single-family homes in the U.S. Further, there were around 5 million multifamily residential buildings in the same period. Further, the residential segment is forecasted to gather the highest revenue owing to the increased demand for houses by the population, which is expected to increase the utilization rate of polymeric sand while constructing residential projects. In 2020, it was calculated that 90% of the buildings in the U.S. were single-family homes, with approximately 200 billion square feet. Furthermore, there has been a rising trend of smart home across the globe, which is expected to surge the segment’s growth in the market.
Application (Patios, Footpaths, Pool Deck, Pavements & Auxiliary Spaces, Parking Spaces)
The global polymeric sand market is also segmented and analyzed for demand and supply by application into patios, footpaths, pool decks, pavements & auxiliary spaces, parking spaces, and others. Amongst these segments, the footpaths segment is expected to garner a significant share. As the construction of new roads and the rejuvenation of old roads is rising, as well as the development of footpaths is also spiking. Polymeric sand is used in the construction of footpaths heavily which is further expected to hike the growth of the segment over the forecast period. A footpath is major part of any road or street. Hence, the growth of the segment is directly interlinked with the growth of construction of road, streets, and highways. For instance, India alone was expected to have a road network of about 63,00,000 kilometers in 2019, which was further expected to increase in upcoming years as the government is paying remarkable attention on road construction.
Our in-depth analysis of the global market includes the following segments:
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