Polymeric Sand Market will likely surpass USD 87 million by 2025; according to a new research report.
Rising infrastructure development activities along with increasing demand of homes with outdoor spaces & better aesthetic appeal are the prime factors driving polymeric sand market towards positive direction. Developing countries such as Mexico have tremendous investment opportunities in infrastructure sector, they have also developed USD 600 billion program to improve their existing economic infrastructures. Currently in Mexico there is investment gap of about USD 554 billion in this sector and it requires further USD 1.1 trillion of investment. Along with this participation of Mexico in NAFTA and soon in United States?Mexico?Canada Agreement (USMCA) will give an excellent opportunity for the key polymeric sand manufacturers to take advantage of prospective demand in Mexico.
Rising real income and demand of amenities such as swimming pool and bigger outdoor living spaces across the globe are also the prime factors driving polymeric sand market over forecast time period. The product posses some excellent features such as endurance to extreme weather conditions, resistance to weed and insect growth which reduces the maintenance cost of application areas, thus boosting the polymeric sand demand over forecast time period.
Besides this, the product has some disadvantages such as deposition of polyhaze on the pavers and excessive usage of substitutes such as cements and other sand for joining pavers will hinder the growth of polymeric sand market in future.
On the basis of product, polymeric sand holds significant share in overall market due to widespread application of it in joining pavers of sidewalks, patios, pedestrian crossings, etc. Owing to increasing focus of government in emerging economies on developing better public infrastructures, the demand of product will escalate over the forecast time period.
Patios segment will show excellent growth rate of around 6.5% from 2019 to 2025. Improving standard of living and adoption of luxury lifestyle across the globe has given rise to patios construction in the outdoor living spaces, thus propelling the polymeric sand demand in coming years.
Based on application, commercial sector is likely to show CAGR of more than 6.5% by the end of the forecast spell. Improving bilateral ties between various countries has resulted in service sector growth, thus the construction of commercial complexes, hotels and business parks is increasing. This will significantly give an up thrust to the polymeric sand demand by 2025.
Based on region, Europe holds substantial share owing to initiatives taken by governments of European countries to improve their existing transit infrastructures. Asia Pacific and Latin America will show decent growth rate with increasing product awareness.
Some of the main players in polymeric sand market are the Techniseal, Promasonry, Fairmount Santrol, Sakrete Inc., SRW Products, TCC Materials, Ash Grove Packaging, SEK Surebond Inc., Silpro, Sable Marco, Alliance Designer Products Inc.
Polymeric sand market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units & revenue in USD million from 2019 to 2025, for the following segments:
Polymeric Sand Market by Product
- ·Polymeric sand
- ·Polymeric dust
Polymeric Sand Market Application
- ·Patios
- ·Pool Deck
- ·Pavements & auxiliary spaces
- ·Parking spaces
- ·Others
Polymeric Sand Market by End-use
- ·Residential
- ·Commercial
- ·Institutional
- ·Industrial
The above information is provided on a regional and country basis for the following:
- ·North America
U.S.
Canada
- ·Europe
Germany
UK
France
Italy
Poland
Russia
- ·Asia Pacific
China
India
Japan
Oceania
Indonesia
Malaysia
South Korea
- ·Latin America (LATAM)
Brazil
Mexico
- ·Middle East & Africa (MEA)
South Africa
Saudi Arabia
UAE
Kuwait