Polymeric Sand Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Polymeric Sand Market was worth US$ 128.9 Mn and is expected to grow at a CAGR of 6.2% over the forecast period. The market is expected to hit US$ 235.2 Mn by 2032 end. From 2017–2021, when the market’s CAGR was 4.8%, the market underwent significant growth.
Polymeric sand is a great alternative to traditional concrete pavements. It’s a material that can be used in place of cement, but it’s also lighter and more durable than the conventional type. Polymeric sand has been known to form strong joints resistant to erosion, so it doesn’t get washed out and left behind by water runoff. It’s also considered more stable than concrete, eliminating the risk of weeds growing up around the joint between two pieces of pavement or two pieces of asphalt.
THE RISE IN THE EXTERIOR DECORATION INDUSTRY DRIVES THE MARKET
The exterior decorations of homes, apartments, parking lots, commercial spaces, and others have experienced a substantial demand over the past year. This has increased by 20% points in the market.
The growing expenditure on exterior decorations, including patios, pool decks, parking lots, and footpaths, is expected to boost the demand for polymeric sand. The polymeric sand market is projected to grow steadily during the forecast period. The increasing demand for construction materials such as cement, concrete, and other low-cost sands will prevent the market from growing rapidly. However, the ability of polymeric sand to withstand harsh weather conditions, restrict weed growth and resist erosion is likely to increase demand for this product. The construction industry has been witnessing significant growth owing to a substantial rise in the world economy, providing potential opportunities for developing the polymeric sand market.
THE EXPANSION OF E-COMMERCE OPENS A NEW PATH FOR THE CONSTRUCTION INDUSTRY
The construction industry has been experiencing significant growth in recent years, and it can be backed by the fact that polymeric sand manufacturers are increasingly adopting Business Information Modelling (BIM) to expand their customer base and increase sales. The polymeric sand market has been capitalizing on online retail opportunities. Polymeric sand manufacturers have been strengthening their visibility in online channels such as Amazon, in line with the end-users search for established suppliers with robust e-commerce interfaces.
Market Segments Covered in Report
By Product Type:
By End Use:
By Region and Country:
Why is Pavement Construction projected to have the largest gain?
The polymeric sand segment is expected to experience significant growth, with the largest market share coming from the footpaths segment. This growth can be ascribed to increasing investments in building new roads and rejuvenating old ones, which helps improve the demand for polymeric sand products used to construct footpaths and patios.
However, the patios segment is projected to experience substantial growth due to the rising adoption of polymeric sand for the construction of patios.
Why is the Construction segment expected to expand the fastest during the forecast period?
Polymeric sand is a versatile construction material used in various applications, including civil engineering, automobile, and others. The demand for this product has risen significantly over the years due to its superior properties like high compressive strength, low density, and excellent heat resistance. Increasing disposable income among people has led to rising construction sector output which is expected to boost demand for this product in coming years.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Some of the key developments that have taken place in the Polymeric Sand Market include:
A list of some of the key suppliers present in the market are:
Global Polymeric Sand Market 2022-2032: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Product Type, Colour, Application, End Use, and Region|
|Customization scope||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 6.2%.
Some major factors influencing the market are the brisk expansion of the construction and building industry, rising consumer expenditure on enhancing the aesthetic appeal of their homes, and supportive governmental policies.
Major global Polymeric Sand Market players are Sable Marco, Vimark s.r.l., Semcostone, Sakrete, SRW Products, Techniseal, Alliance Designer Products Inc., SEK-Surebond, Unilock, and Ashgrove Polymeric sand.
The North American region is expected to account for the largest market revenue share in the Global Polymeric Sand market.
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