Polymer Impregnated Concrete (PIC) Market Size, CAGR, Trends 2024-2030

Executive Summary

The Polymer Impregnated Concrete (PIC) Market research report provides a comprehensive analysis of the current market conditions and trends in the global industry. The report projects a promising growth rate for the PIC market, with a forecasted CAGR of % during the coming years.

Key market trends in the Polymer Impregnated Concrete (PIC) industry include the increasing demand for durable and corrosion-resistant construction materials, the growing focus on sustainability and environmentally-friendly products, and the rising investments in infrastructure development projects worldwide.

In terms of geographical spread, the PIC market is segmented into North America, Asia Pacific, Europe, the USA, and China. North America and Europe are expected to dominate the market due to the presence of established infrastructure and construction industries, while Asia Pacific and China will witness significant growth driven by urbanization, industrialization, and infrastructure development projects in the region.

The PIC market in the USA is also expected to witness steady growth due to the robust construction sector and investments in smart city projects. Overall, the global market for Polymer Impregnated Concrete (PIC) is projected to expand significantly in the coming years, fueled by the increasing demand for high-performance construction materials and the growing focus on sustainable infrastructure development.

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Market Segmentation:

This Polymer Impregnated Concrete (PIC) Market is further classified into Overview, Deployment, Application, and Region. 

In terms of Components, Polymer Impregnated Concrete (PIC) Market is segmented into:

• BASF (Germany)
• Sika (Switzerland)
• Mapei (Italy)
• Fosroc (UK)
• Dow Chemical (US)
• SAUEREISEN (US)
• Kwik Bond Polymers (US)
• Dudick (US)
• ErgonArmor (US)
• Crown Polymers (US)

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The Polymer Impregnated Concrete (PIC) Market Analysis by types is segmented into:

• Epoxy
• Latex
• Acrylate
• Polyester
• Vinyl
• Furan
• Others

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The Polymer Impregnated Concrete (PIC) Market Industry Research by Application is segmented into:

• Containments
• Pump Bases
• Waste Containers
• Flooring Blocks
• Trench Drains
• Others

In terms of Region, the Polymer Impregnated Concrete (PIC) Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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Key Drivers and Barriers in the Polymer Impregnated Concrete (PIC) Market

Key drivers in the Polymer Impregnated Concrete (PIC) market include the increasing demand for durable and sustainable construction materials, the growing infrastructure development activities, and the advantages of PIC such as improved strength, durability, and resistance to chemicals and weathering.

Barriers to the market growth include high initial investment costs, a lack of awareness about the benefits of PIC, and limited availability of skilled labor for PIC installation.

Challenges faced in the market include stringent regulatory standards for construction materials, the slow adoption rate of innovative technologies in the construction industry, and competition from other alternative materials like reinforced concrete and asphalt.

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Competitive Landscape

BASF, based in Germany, is a leading player in the Polymer Impregnated Concrete (PIC) market. The company has a strong presence in the global construction chemicals industry and offers a wide range of products including PIC. BASF has a rich history dating back to the 1800s and has established itself as a market leader in providing innovative solutions for construction projects. The company has experienced steady market growth in recent years due to its focus on research and development, expansion into new markets, and strategic partnerships.

Sika, headquartered in Switzerland, is another significant player in the PIC market. With a history spanning over a century, Sika has built a reputation for producing high-quality construction chemicals and materials. The company has been investing heavily in developing sustainable and innovative products to meet the growing demand for eco-friendly construction solutions. Sika has shown consistent market growth, expanding its global footprint and increasing its market share in the PIC segment.

Mapei, based in Italy, is a well-known player in the construction chemicals industry, including PIC. The company has a strong presence in Europe and has been actively expanding its market reach in Asia and the Americas. Mapei has a history of providing high-performance products and solutions for the construction sector, which has contributed to its market growth and increased sales revenue.

Sales revenue for the above-listed companies is significant. For example, BASF reported sales revenue of € billion in 2020, while Sika reported sales of CHF 7.9 billion in the same year. Mapei's sales revenue was €2.3 billion in 2020. These figures reflect the strong market position and financial performance of these companies in the global PIC market.

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