Polymer Concrete Market
Europe concrete densification & polishing material market to depict an exponential growth graph over 2019-2025, escalating product implementation in renovation projects to drive the regional industry
Fueled by the rapid infrastructural development trends in emerging nations, concrete densification & polishing material market has registered remarkable proceeds over the recent years. Reportedly, concrete floorings have become one of the most popular flooring options for both residential and commercial spaces, mainly due to the product’s benefits like easy maintenance, resilience, sustainability and more. Furthermore, the emergence of novel technologies and materials like densifiers, conditioners, sealers and crack fillers, can significantly upgrade the durability and quality of existing concrete surfaces while offering an aesthetic, glossy & shiny look. Additionally, polished surfaces are proven to eliminate the use of wax or other coatings as well as the need of required labor, time, and expense for their application.
Germany Concrete Densification & Polishing Material Market Size, By Product, 2014 – 2025 (USD Million)
Apart from its proven benefits, that would certainly aid the industry expansion, the adoption graph of concrete densification & polishing material market will also witness an upsurge on account of the increased pressure on the global construction sector. This can aptly be attributed to the increase in global population and the subsequently surging demand for housing, in conjunction with the paradigm shift of rural residents to urban areas. The aforementioned scenario is also supported by statistics from the UN that claim about 68% of the world’s population to be living in urban areas by 2050.
Rising demand for quality and durability to drive concrete densifiers & polishing materials industry trends
With the rapid upsurge in the construction of warehouses, malls and industrial facilities in emerging economies, the concrete densification & polishing material market has come to garner significant gains in the past couple of years. Construction developers are increasingly opting for polished concrete flooring as it offers lower maintenance, higher durability and provides a more clean and shiny look to project spaces. These products undoubtedly, have enhanced the quality of commercial and residential establishments such as industrial plants, government buildings, retail facilities, car parking spaces and more, and are quickly becoming the fastest growing flooring options to ever hit the construction industry.
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On account of the recent advancements in polishing equipment and techniques, contractors are now using materials like industrial diamond resin pads, liquid silicate hardener, densifier, polish, sealants and more that offer a high-gloss finish to surfaces without the need of wax or coatings, and also prevent the possibility of slipping. In fact, mechanically grinding and flattening the floor surface increases friction, making polished floors an ideal surface alternative for places like airports and aircraft hangers. This could undoubtedly lay the groundwork for concrete densification and polishing material market players to tap a lucrative application area and generate significant proceeds.
APAC’s thriving construction sector to drive concrete densification and polishing industry growth
The escalating construction sector in China, Japan and India is likely to majorly propel the growth graph of concrete densification & polishing market, especially with the influx of foreign investments and the rising number of construction projects onboard by renowned companies. For instance, in 2018, renowned electric vehicle maker Tesla bagged approval from the Chinese government to set up its Giga factory 3 in the country, while e-commerce giant Amazon recently announced plans to introduce 5 more warehouses in India, further increasing its total storage capacity to 20 million cubic feet. The inflow of investments such as the aforementioned are expected to have a massive impact on the regional industry expansion.
Additionally, India’s institutional end-use sector comprising schools, colleges, universities, etc. is also set to augment over the coming years. According to India Brand Equity Foundation (IBEF) reports, the country’s education sector was worth $91.7 billion in FY18 and is expected to reach $101.1 billion in FY19. Moreover, the country’s Ministry of Human Resource Development is planning to raise around $15.52 billion from high net worth individuals and private companies to finance improvement of education infrastructure in the country. Initiatives such as the aforesaid are likely to lead to the development of sophisticated educational infrastructure like large auditoriums, modern e-classrooms, basketball and tennis courts and college car parks. This would in consequence, augment the demand for effective flooring and building material, thereby supplementing the regional concrete densification & polishing materials market growth.
While APAC’s success in the global industry is a given, Europe is also likely to accrue commendable proceeds by the end of 2025. As per estimates, Europe concrete densification and polishing equipment market will cross $450 million by 2025, aided by the massive implementation of remodeling projects and the rising number of construction activities in the residential and commercial segments.
In a nutshell, it is rather vivid that the growth graph of the concrete densification & polishing materials industry is inherently dependent on the expansion of the construction sector worldwide. Aided by the ever-increasing demand for effective, durable flooring solutions, the global concrete densification & polishing materials market size is likely to surpass $2 billion by 2025.
Author Name : Mateen Dalal
Middle East polymer concrete market to accrue substantial returns over 2018-2025, heavy investments in construction activities to propel the industry growth
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)
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.
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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 Name : Sunil Hebbalkar
Global Market Insights Inc. 