Structural polymers and polymer composites have emerged as a key materials in terms of their use in the construction industry. The design, technical and structural advantages of these construction polymers has driven their application in building walls and concrete floors with maximum strength. Advancements in civil engineering and construction technologies have propelled the application purview of construction polymers.
A recent study by XploreMR reveals that by the end of 2026, nearly US$ 135 Mn worth of construction polymers will be sold globally. This forecast study also reveals that the global construction polymer market will expand vigorously at a CAGR of 6.5% over the forecast period, 2017-2026.
Cost-effective production, feasible profit margins, and relatively easy procurement of raw materials is driving large chemicals companies towards construction polymer businesses. The overall competition landscape in the global construction polymer market remains densely populated by industry leaders from the chemicals and materials sector.
A majority of construction polymer manufacturers in the global market are based in countries such as China, India, and South Korea. The study projects that through 2026, the Asia-Pacific excluding Japan (APEJ) region will represent the largest market for construction polymers. By the end of the forecast period, the APEJ construction polymer market will account for nearly half of the forecast global market value.
Construction Polymer Market: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2026)Buy Now
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