HVAC and Construction

HVAC filters market to procure hefty proceeds driven by the increasing replacement of older HVAC systems, global industry valuation to cross USD 13 billion by 2025

Posted on Updated on

Owing to the deteriorating air quality and the need to maintain constant indoor temperatures, the HVAC filters market has recorded a steady growth over the past decade, a trend that is expected to continue over 2018-2024. According to data provided by the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) of the U.S., in 2018 air conditioning and heat pump unit shipments got closest to number of unit shipments in 2005 which was a record setting year for the HVAC industry. In 2018, combined shipment of heat pumps and air conditioning units surpasses 5.5 million which is a 6.5% rise when compared to the same period of time in 2017. Considering that the sale of HVAC systems is attaining levels recorded in the pre-recession period as employment rate as well as consumer confidence rise, it is anticipated that the HVAC filters market will also record profitable returns by 2025.

Germany HVAC Filters Market Size, By Product, 2017 & 2024, (Million Units)
 Germany HVAC Filters Market Size, By Product, 2017 & 2024, (Million Units)

Advancement in the HVAC technology has contributed to the increase of HVAC system installation and the subsequent growth of the HVAC filters market. With legislation being put into place that will make the replacement of older and less energy efficient HVAC models possible, it is rather overt that HVAC filters market will register a significant boost.

For instance, HVAC energy intensive systems in any building are typically responsible for 30% to 40% of energy usage in college campuses and healthcare facilities. In commercial buildings on an average 48% of the water consumption can be attributed to HVAC systems which use water for cooling purposes. In such cases, if the HVAC system is not energy efficient then massive losses of energy not to mention higher energy bills will be rather commonplace.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2525

Therefore, most organizations as well as energy intensive manufacturing units need HVAC system optimization to reach their targeted energy savings. To maximize HVAC system performance, not only are new systems being installed but HVAC filters in older systems are regularly upgraded and changed, adding impetus to the HVAC filters market.

The current burgeoning economic growth is also playing its part in the growth of the HVAC filters market. Not only countries with established economies but consumers in countries with emerging economies are becoming increasingly aware of the ill effects of airborne microorganisms, pollens, dust and fumes. With increasing disposable incomes, consumers are now able to afford residential HVAC systems not only for air filtration but also for maintaining comfortable indoor temperature and moisture. As the economy is recovering many consumers are opting to replace their older HVAC systems with completely new ones than going for repairs. The HVAC filters market is thus witnessing increased traction across numerous geographies.

Experts also advice periodical cleaning and replacement of filters in the current HVAC system whether in commercial or residential buildings as clogged filters can make the whole HVAC system energy inefficient not to mention defeats the purpose of having HVAC systems meant for air filtration. Dirty filters can have negative effect on health as they not only fail to filter the air but also circulate dust, dander and mold through the space which can increase symptoms of allergies and asthma. Moreover, dirty filters can raise the cost of HVAC system maintenance and eventually shorten the lifespan of the entire system. Propagation about HVAC filter maintenance had led to increased changing of filters which has again added a notable boost to the HVAC filters market.

Technological developments in the field of HVAC systems will set the precedent for the growth of the HVAC filters market. As more HVAC systems are becoming smarter with building managers being able to operate HVAC systems with smartphone apps and single control point, it is becoming easier to keep track of HVAC filter maintenance, which for the best performance are supposed to be replaced every two to three months. Thus, with the greater installation and better maintenance of HVAC systems to receive optimum results, the HVAC filters market size will soar high by 2025.

Author NameParoma Bhattacharya

Advertisements

Industrial fall protection equipment market to accumulate remarkable returns from construction applications, surging deployment of strict occupational safety norms to augment the industry trends

Posted on Updated on

Powered by the increasing rate of fatalities due to hazardous falls at industrial workplaces, industrial fall protection equipment market size has been growing remarkably in the recent years. The rising awareness among the industries and regulatory bodies about the surging need of safe working conditions for maintaining decorum at the workplace has been impelling the industry trends. Several policymakers have been implementing strict regulations to mandate the use of fall protection equipment at work sites such as construction firms, mining, and energy utility firms. The presence of a stringent regulatory scenario related to the safety of workers for curbing the chances of fatal falls along with the implementation of fall protection programs to generate awareness among the workers about the use of safety products are likely to propel the industrial fall protection equipment industry.

U.S. Industrial Fall Protection Equipment Market Size, By Application, 2017 & 2024, (Million Units)
U.S. Industrial Fall Protection Equipment Market Size, By Application, 2017 & 2024, (Million Units)

As of now, most of the workers and employers have been striving to understand the possible hazards at the workplace and the design of the products that need to be suitably manufactured. In this regard, for generating awareness among the employers and workers about the use of appropriate protective equipment, several regulatory organizations have been forming strategic alliances amongst each other.

For instance, a few months before, Occupational Safety and Health Administration (OSHA) and the International Safety Equipment Association (ISEA) signed a two-year agreement to provide information about the selection of personal protective equipment to its members, employers, and workers. Apparently, ISEA has partnered with OSHA to share information about energy campaigns such as the National Stand-Down to prevent falls in construction. They are also planning to enforce worker safety and health programs at educational institutions and community-based organizations to reduce fatalities and injuries at workplace.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/1693

In the last few years, the construction sector has emerged as one of the leading industrial domains where the rate of fatalities due to falling at the workplace is increasing tremendously due to lack of compliance and negligence toward the use of effective personal protective equipment. In fact, for preventing the future cases of fall fatalities at construction site, numerous construction companies have been demanding fall protection equipment on a large scale. As per estimates, by the end of 2024, the construction sector will contribute USD 900 million to the industrial fall protection equipment industry.

Most of the industries comprise confined spaces on their work sites that come with challenges for the safety of employees. At such work sites, nearly more than 60% such incidents occur during repairing and maintenance activities. In such situations, for ensuring the safety of workers, several companies have been deploying rescue kits at the confined space. Organizations like OSHA and ANSI (American National Standard Institute) have mandated the deployment of rescue facilities at hazardous workplaces for lowering the risk of fatalities of fallen workers. For the record, rescue kits based industrial fall protection equipment industry size will grow at a CAGR of 6.5% over 2018-2024.

Taking into account the proliferating demand for fall protection equipment, leading companies in the industrial fall protection equipment market have been investing in mergers and acquisitions to achieve a dominant position in the market. Recently, 3M successfully purchased the global leader in the personal protection industry, Aearo Technologies Inc., for USD 1.2 million. The acquisition will help 3M to strengthen its customer base across military, industrial, and construction sector. In addition, the company has broadened its business space in safety and personal protection equipment. The rising number of M&As will thus help industrial fall protection equipment manufacturers increase their chances of profitability and help them develop high-quality products.

It is thus rather overt that the rising number of construction activities across the globe will majorly propel industrial fall protection equipment market in the years ahead. The stringent regulations enforced by administrative bodies to increase workspace safety will also have a positive impact on the industry growth in the near future. Reportedly, fueled by strategic alliances, acquisitions, and novel product adoption, industrial fall protection equipment market is slated to surpass a revenue collection of USD 3.8 billion by the end of 2024.

Author NameSunil Hebbalkar

A brief synopsis of crawler crane market with respect to the application landscape: construction industry to emerge as a prominent investment avenue over 2018-2024

Posted on

The global crawler crane market has been witnessing a remarkable growth rate lately, fostered by massive investments in infrastructure, mining, and energy sectors. Basically fueled by the rising demand for moving heavy loads safely as well as economically, crawler crane market, in 2017, was worth USD 1.8 billion and is projected to depict a CAGR of almost 7% over 2018-2024. The vast expanse of this industry can be aptly demonstrated by the recent instance of Sarens, a renowned global engineered transport, heavy lift, & crane rental services company, being recruited to undertake an array of challenging lifts adhering to the development of Ramagundam Fertilizer Plant based in India.

China crawler crane market, by application, 2017 & 2024 (USD Million)

China crawler crane market, by application, 2017 & 2024 (USD Million)

The company has reportedly deployed the Demag CC 8800-1 lattice boom crawler crane to fulfill the mammoth construction requirements of the project. With that said, the Demag CC 8800-1 has a giant lifting potential of 1600 tonnes and a topmost load moment of 26160 tonne-meters, which makes it an ideal choice. As similar developments are undertaken across the globe, the crawler crane market is anticipated to traverse along a rather prolific path and accumulate substantial revenue in the years forward.

In the recent scenario, the rental system is likely to gain traction in the crawler crane business sphere. Manufacturers in the construction and mining industries are considering renting heavy cranes over buying new cranes, owing to which notable players in the machine manufacturing industry are supplying crawler cranes on lease.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2960

A brief outline of the market with respect to the application spectrum has been outlined below:

Construction

Construction applications are anticipated to witness promising growth in the ensuing years, owing to industrialization and urbanization in developing economies, the intensifying prevalence of sky-high structures, and favorable government policies across the globe to push infrastructure development. For instance, the government of Japan is working in full swing to facelift its existing infrastructure for the approaching 2020 Summer Olympics, which has surged the demand for gigantic construction machines, like crawler cranes, in the region.

In yet another interesting development pertaining to the construction sector, the world’s longest sea crossing bridge connecting China, Zhuhai, Hong Kong, and Macau has recently been inaugurated officially. According to the CNN, the $20 billion & 34 miles long bridge, that spans the Pearl River Delta, would possibly reduce travel times between the locations to only 30 minutes, down from three hours. Such intricate developments that bank on efficient and high capacity construction machines, are expected to fuel crawler crane market size from construction applications.

Incidentally, a report by Global Market Insights, Inc., claims Japan crawler crane market size from construction applications to register a CAGR of 5.8% over 2018-2024, while construction applications seemingly dominated China crawler crane industry in 2017, with a share of 40% in 2017.

Mining

Mining applications are expected to garner commendable returns in the forthcoming years, attributed to the growing number of mining and excavation activities, labor safety and security concerns, and stringent government regulations deployed for worker safety. Moreover, it is nearly impossible to perform mining operations manually, due to human capacity constraints, which necessitates the demand for machines like crawler cranes, to ease as well as fast-track the mining process, thereby stimulating the crawler crane market growth rate.

Recently, Mitsubishi and Anglo American unveiled plans to spend nearly $5 billion on a newfangled copper mining project based in Peru, taking advantage of one of the largest mineral deposits of the world, with more than 1.1 Bn tonnes of ore at 0.55 percent copper claimed to be underneath this project. By virtue of such colossal mine developments, which intensifies product requirement, the crawler crane market from mining will experience rapid growth over the next few years.

Unrefutably, aided by a powerful application spectrum, crawler crane market stands to gain substantial profits in the subsequent years. As per Global Market Insights, Inc., crawler crane market size is expected to cross $3 billion by 2024.

Author NameNikita Chaurasia

Enumerating hoist sling chains assemblies market outlook with regards to the growth tactics undertaken by prominent industry magnates: APAC to emerge as a major revenue pocket by 2025

Posted on

The escalating demand for material handling equipment across myriad industrial sectors has been fueling hoist sling chains assemblies market over the last few years. The surging use of waterways for international as well as inter-country trading for improving the affordability of transportation also has been enhancing the product demand. In essence, in some of the industrial areas, it has been observed that workers may face hazards with the use of conventional material handling facilities, on the grounds of which companies are deploying hoist sling chains for handling heavy materials. Subject to the robust end-user requirement, hoist sling chains assemblies industry participants have also been investing in research and development activities targeting exceptional durability.

U.S. hoist sling chains assemblies market size, by end-user, 2014 – 2025 (USD Thousand)
U.S. hoist sling chains assemblies market size, by end-user, 2014 – 2025 (USD Thousand)

The latest furor of urbanization and industrialization has led to a surge in the demand for sling chains for transporting and handling heavy loads efficiently. However, minor faults in the design of sling chain can result in major accidents, considering which most of the countries have set strict standards to maintain its working stability in any environmental condition. That said, the contribution of leading industry players toward this business space is also commendable, a few instances of which have been enlisted below:

  • Speaking of setting safety standards, it is prudent to mention that recently, the American National Standard (ANS) set a new standard in order to maintain industrial safety. Apparently, the standards applies to the deployment of sling chains used for fabrication, attachment, inspection, maintenance, and testing of load-handling activities. The updated safety standard has set a benchmark for hoist sling chains assemblies market companies. In order to comply with this new design standard, hoist, hook, sling, and crane assembly manufacturers have found to have been adopting new design techniques and giving preference for advanced materials that will help them to improve their existing in-house product portfolios.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2896

  • Recently, in March 2018, a premier brand of chain and fittings, Campbell® revealed new swivel hoist hooks featured for heavy-duty latch and spring assemblies. Prior to this new launch, for achieving excellent durability, ultimate strength, and better corrosion resistance capability, Campbell® had completely redesigned the hooks with the additional benefit of ease of replacement once they get damaged. As of now, oil refineries are prominently giving preference for easy to use and long-lasting hoist sling chains. The growing requirement for swivel hoist hooks across several jobsites for rigging and lifting is thus slated to augment hoist sling chains assemblies market
  • Taking into account the favorable business opportunities across oil & gas industries, many companies involved in rigging and lifting product supply and manufacturing have been looking forward to broadening their regional reach by signing deals with the already established industry contributors. For instance, one of the U.S. based major providers of rigging and lifting products, Delta Rigging & Tools had acquired Holloway Wire Rope in 2013. After this acquisition, Delta Rigging & Tools expanded its footprints across Kansas and Oklahoma oil & gas fields and strengthened its customer base by implementing similar business tactics in the later years.

In addition to constant drilling activities across the globe for exploration and excavation of oil and gas, the heavy investment in construction activities for improving the country’s infrastructure has also been fueling the product demand. Countries like, India, China, and South Korea, in accordance with the surging industrialization and urbanization, have been investing considerably in infrastructure development, the expanse of which leads to a surge in the demand for hoist sling chains. Indeed, having considered the potential growth prospects that the construction industry in APAC will offer to the global hoist sling chains assemblies market, prominent contenders have been gradually shifting their production base to the region.

Driven by the onslaught of companies and the expanding construction industry, APAC led the overall hoist sling chains assemblies market in 2017 and is expected to grow at an annual growth rate of 9.4% over 2018-2025.

The shifting trends toward automation for ease of working and comfort further will have a considerable impact on the industry growth. In many companies, in order to maintain safety decorum at the workplace while handling heavy loads, sling chains are being preferred for operations. Powered by the continuous infrastructural development activities across the globe, hoist sling chains assemblies market is anticipated to generate a revenue of more than $8.9 million by the end of 2025.

Author NameSunil Hebbalkar

North America and Europe snow blowers market to be driven by the rapidly increasing incidences of snowstorms, technological advancements to augment the industry growth

Posted on

As most of the geographies across the globe get colder under the increasing effect of global warming, North America and Europe snow blowers market is expected to pick up a remarkable growth pace over 2018-2024. Recently, ahead of the 2018 winter season in the northern hemisphere, weather forecasts have started to indicate a severe winter that is expected to bring record breaking amounts of snow. For instance, Britain is being predicted to be in the clutches of the coldest winter in more than a decade with early heavy snowfall that will probably cover the nation.

Plunge in solar activity, its effect on the Arctic airmass, El Nino warming on the eastern Pacific and changes in tropical air patter will also come into play in creating this snow blanket, warn forecasters. As a common precaution snowblowers will be extensively employed to keep everyday life from coming to a standstill, adding a notable impetus to the growth of North America and Europe snow blowers market.

U.S. snow blowers market size, by product, 2013 – 2024 (USD Billion)
U.S. snow blowers market size, by product, 2013 - 2024 (USD Billion)

The winters between 2017-2018 brought heavy snow in some of the most unexpected places when cold air from Siberia raced through Europe and brought uncommon snowfall in Rome, making it imperative for Italy’s civil protection agency to deploy the army to clear the snow in the paralyzed city. Macedonia, norther Greece and Bulgaria as well as parts of the coast of Mediterranean Sea were cover in several inches of snowfall in the beginning of 2018, bring everyday life to a halt. It is predictable that people will be more prepared for the changing weather conditions and equip themselves with machines like snowblowers in the face of impending severe winters, in turn stimulating North America and Europe snow blowers market.

Contradictory as it may seem, global warming is bringing about a major change in winter climate patterns and studies are increasingly indicating that winter snowfall in North America and Europe are about to get worst. New studies have found that winter warming in the Arctic will increase the frequency of severe weather conditions in the eastern U.S. that will include snowstorms and cold snaps. Globally, over the last 20 to 30 years, surface temperatures have warmed in all latitudes with the notably cold winters across much of northern Europe, the United States and northern Asia along with unusually cold winters especially prominent over central Siberia.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2897

In the U.S. East Coast warmer ocean temperatures might be the reason behind the intense nor’easters resulting in increased snowfall as warmer offshore waters would lead to more moisture entering the storm and releasing more energy, with water vapor condensing into raindrops and snowflakes. North America and Europe snow blowers market will therefore register increased scope of expansion as weather change will propel the sale of snowblowers in these regions.

Noting North America and Europe snow blowers market trends, snowblower manufacturers and inventors are bringing innovation to the industry that is not only increasing the sales scope of snow blowers because it is snowing more in recent years but also because these snow blowers are more user and eco-friendly. For instance, recently InventHelp, a company that helps everyday inventors patent their work, helped two inventors from Rhode Island to patent their snowblower wings extension design. This wings kit is designed to clear a wider path while requiring less time and effort.

On a more sophisticated scale, robots like Kobi have been introduced in the North America and Europe snow blowers market that not only removes snow from sidewalks and driveways but picks leaves and even mows the lawn. The robot is equipped with a GPS to link it to the weather forecast so that it can start to remove the snow while it is still light and can recharge itself. It can be operated with an app to define its boundaries and has sensors to help avoid obstacles. With technology making it easier to tackle the snow that is predicted to worsen with global warming North America and Europe snow blowers market is expected to record increased traction over 2018-2024.

Author NameParoma Bhattacharya

Hoist chains market to witness augmented demand from energy applications, rising prominence of renewable energy to boost the industry expansion over 2018-2025

Posted on

Increased infrastructure development activities around the globe have generated considerable remuneration for the hoist chains market, with the rising demand for material handling equipment across construction and energy sectors. The accelerated growth of the automobile and aerospace industries have further influenced the demand for specialized equipment like electric hoists in the manufacturing segment. Requiring much less maintenance as compared to wire rope hoists, chain hoists serve as a very economical alternative to expensive cranes in different environments, propagating the hoist chains industry. A continuous upsurge in energy production and consumption will necessitate the development of conventional and renewable energy power plants over the coming years, propelling the global hoist chains market revenues, which exceeded USD 4.5 million in 2017.

U.S. hoist chains market size, by end-user, 2014 – 2025 (USD Thousand)
U.S. hoist chains market size, by end-user, 2014 - 2025 (USD Thousand)

Reports have shown that worldwide, the electricity generation had increased by 2.8% in 2017, helped by the construction of numerous power plants in many countries and the uninterrupted supply of resources for electricity production. Rapidly expanding natural gas exploration projects have encouraged the setting up of new gas power stations in several regions, while the declining costs of erecting a solar or wind energy farm have strengthened the renewable energy sector. Hoists play an important role in lifting, erecting or moving components while building solar farms and windmills, and the growing number of renewable energy projects will extremely proliferate the hoist chains market.

Experts have predicted that in North America alone, the energy consumption could reach up to 157 quadrillion BTU by 2025, indicating the prospects of new electricity generation plants and the involvement of the hoist chains industry. The communications segment is estimated to utilize nearly 20% of all the world’s electricity by 2025, additionally highlighting the need for more energy production units. The International Energy Agency (IEA) has informed that in 2016, renewables had contributed the maximum capacity addition, with around 165 GW of new production capacity. As evident, a spurt in energy infrastructure projects globally will fuel the hoist chains market expansion, since new undertakings imply the requirement for efficient material handling equipment.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2898

Growth opportunities for the hoist chains market over 2018-2025 from the energy sector:

Solar Energy

In an attempt to lower the overall cost of utilities, power companies and governments around the world has constructing giant solar PV farms, ensuring lucrative prospects for several material handling and support industries. Touted as being the world’s largest solar farm on completion in 2019, the USD 4 billion Benban solar park in southern Egypt will consist of over 5 million PV panels. With such massive facilities comes the need for grid infrastructure to support the supply of energy, which translates to more demand for the material handling equipment companies and, invariably, for the hoist chains industry.

Saudi Arabia also has an ambitious project in the pipeline to build a solar farm that is at least 100 times bigger than any existing ones and is expected to be completed by 2030. There are confirmed schemes in China and India as well to develop giant solar power plants to meet the fast mounting energy demand in the countries. In North America, a 500-acre solar farm has been proposed in the Hancock Country, Indiana, while a Canadian company has agreed to build the largest solar plant in the state of Texas and will complete the construction by 2019.

Wind Energy

Owing to the flexibility, power and compact size, electric chain hoists are quite useful in wind energy turbines, not only helping to lift the turbines during construction, but also inside the turbines to help lift equipment, making the maintenance work easy. As such, vast wind farms, such as the Hornsea Project One being built near U.K., will deploy hoists in the construction phase as well as over the turbine’s lifecycle. The project is to be completed by 2020 and will be the biggest offshore wind farm in the world. Separately, TenneT from Netherlands has planned to build an artificial island around 100km off the Yorkshire coast in U.K. by 2027, which will house a mammoth wind farm capable of producing over 30 GW of power.

With more than 341,300 wind turbines spinning worldwide at the end of 2016 and the extensive wind farm projects in the making, the hoist chains market stands to gain tremendous proceeds over the forecast period from the inevitable need of electric chain hoists.

All in all, the exponential rise in electricity demand will amplify the efforts of countries to extend their energy generating capacities, building both, renewable and conventional power plants, boosting the hoist chains market revenue. Driven by the global increase in industrialization and the overall economic development witnessed worldwide across myriad topographies, the hoist chains industry will surpass USD 9.5 million in terms of earnings by 2025.

Author NamePankaj Singh

Middle East polymer concrete market to accrue substantial returns over 2018-2025, heavy investments in construction activities to propel the industry growth

Posted on

With building developers becoming more conscious about the strength, ductility, and toughness of construction material, polymer concrete market has observed a renewed traction lately. This material is widely preferred on account of its benefits such as improving adhesive characteristics of old surfaces, tensile strength, freeze durability, and flexural strength. In addition, heavy investments in the global construction sector are being made lately, increasing the demand for various types of polymer concretes for providing impermeable toppings over the bridge decks, additives for plasters, and filling for installing tile. The growing involvement of public and private firms in infrastructure development across residential, commercial, and industrial sectors will thus have a significant impact on the polymer concrete industry share.

U.S. polymer concrete market size, by application, 2014 – 2025 (USD Million)

U.S. polymer concrete market size, by application, 2014 - 2025 (USD Million)

In line with the growing construction activities and rising focus on the surging use of polymer concrete materials, the giants in the polymer concrete market are looking forward to investing in capacity expansions. The countries across the Middle East for instance, have been rapidly expanding their existing facilities. In addition, regional governments have been making substantial investments on infrastructure development across this region, further generating lucrative opportunities for the market players.

Validating the aforementioned fact, one of the leading contributors of polymer concrete industry, Sika has expanded its regional reach across United Arab Emirates recently with the establishment of a new concrete admixture production plant in Dubai. The development of a local polymer production facility is slated to reduce the production cost that will become beneficial for customers across the GCC (Gulf Cooperation Council) to fulfil their concrete admixture requirements considerably. In addition, owing to the depletion of fossil fuel resources, the UAE government is shifting its focus on tourism rather investing in oil and gas exploration to diversify the economy. The increasing development of logistic centers and surging deployment of green technologies will propel Middle East polymer concrete market share over the years ahead.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2873

The rising concerns about the carbon dioxide emission is one of the causes fueling the polymer concrete industry outlook. The surging use of cement in road construction activities has led to an increase in carbon dioxide emissions across the globe. On this note, efforts are being made to utilize polymer concrete on a large scale. Reportedly, in Australia across the Victoria region, pavements, roads, and freeways have been developed with the help of geopolymer concrete. Geopolymer is a long molecule that can improve the strength of concrete effectively. The research community, on these grounds, has also been attempting to invest in research and development activities for the betterment of geopolymer concrete. The involvement of regional governments in the development of smart roads for controlling the emissions will thus generate significant business opportunities for the giants in polymer concrete market.

In several earthquake prone regions, to build foolproof earthquake resistant buildings, engineers have been focusing on the use of effective alternate materials. On this note, it is imperative to mention that the researchers from the University of British Columbia have invented new concrete that would be able to withstand tremors. This newly invented eco-friendly ductile cement comprises polymer based fibers that could increase the malleability of concrete instead of letting it crumble under pressure. The increasing importance for lightweight, intelligent, energy producing, and innovative concrete structures across the globe will thus have a positive influence on polymer concrete industry size over the years ahead.

The robust shift in the focus of building developers toward constructing eco-friendly infrastructure over the last few years will push the use of polymer concrete on a large scale. The stand taken by regional governments to improve the economy with considerable investments in roads, buildings, bridges, and renovation of old monuments is also poised to fuel polymer concrete industry trends significantly. For the record, by the end of 2025, polymer concrete market will surpass a revenue collection of USD 600 million.

Author NameSunil Hebbalkar