SELBYVILLE, Del., April 3, 2019 /PRNewswire/ -- The polymeric sand market revenue is set to rise from USD 50 million in 2018 to around USD 85 million by 2025, according to a 2019 Global Market Insights Inc. report. Initiatives taken by governments of developing nations to reduce investment gaps in the infrastructure sector along with increasing demand for premium homes around the world are the main factors contributing towards the polymeric sand market growth.
According to European Investment Bank (EIB), the European Union alone requires around USD 180 billion every year for the development of transport and logistics infrastructures including roads, rails, airports, etc. For the completion of Trans European Transport Network (TEN-T), the transportation sector requires around USD 620 billion by 2020. All these trends will catapult the market demand as it finds extensive usage in joining various pavers used in such mass transit projects. The product's ability to withstand harsh weather conditions, resist erosion and weed growth, and the increasing durability of pavements make it suitable for such applications.
The product has not gained much popularity in the developing nations due to several factors such as lack of awareness and their dependability on other substitutes such as cement, concrete and other low cost sands. These factors may restrain the global polymeric sand market growth over the coming years.
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Polymeric dust segment will witness a higher growth rate at close to 8.5 percent CAGR as these are mostly used in joining irregular stones or pavers with joints larger and wider than 5 centimeters or 2 inches. Walkways in the commercial and residential sector mainly use such irregular flagstones for aesthetic purposes and with an increasing number of commercial and business parks, hotels and shopping complexes, the polymeric sand demand will spur in near future.
Based on application, the polymeric sand market is categorized into pavement and auxiliary spaces, patios, parking spaces, pool decks and others. Patios segment shows a significant growth rate of around eight percent from 2019 to 2025. This growth is attributed to rising demand for luxury homes with better amenities and outdoor living spaces in the developing countries.
Browse key industry insights spread across 250 pages with 227 market data tables and 19 figures and charts from the report "Polymeric Sand Market Size By Product (Polymeric Sand, Polymeric Dust), By Application (Patios, Pool Deck, Pavements & Auxiliary Spaces, Parking Spaces), By End-use (Industrial, Residential, Commercial, Municipal, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Poland, Italy, Russia, China, India, Japan, Oceania, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025" in detail along with the table of contents:
On the basis of end-use, polymeric sand market is categorized into commercial, residential, industrial and municipal. The municipal segment will hold around 40 percent share in the overall market by the end of 2025. This segment includes footpaths, sidewalks and all other public infrastructures developed by local or federal governments. The product demand for this segment will increase due to rising government spending in public works and welfare departments.
On the basis of region, North America polymeric sand market will be worth over USD 25 million in 2025, showing a significant growth over the forecast time period. This is due to the presence of a large number of households with outdoor living spaces in the region, primarily in the U.S.
The prominent players operating in global polymeric sand market are Techniseal, Alliance Designer Products Inc., Silpro, TCC Materials, Sale Marco, Fairmount Santrol, Promasonry, Ash Grove Packaging, Sakrete Inc., SEK Surebond, etc.
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Global Polymeric Sand Market size worth over $85M by 2025
Polymeric Sand Market size is growing at CAGR more than 7.5 percent to exceed USD 85 million by 2025, according to a new research report by Global Market Insights Inc.
SOURCE Global Market Insights Inc.