April 06, 2020
As per the report titled ‘Polymeric Sand Market Size By Product , By Application, By End-use , Industry Analysis Report, Regional Outlook), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025’, available with Market Study Report LLC, global polymeric sand market is projected to cross USD 87 million by the year 2025.
Increasing number of infrastructure development projects coupled with rising preference for aesthetically appealing homes with outdoor spaces are the primary growth drivers of polymeric sand market. Inflowing investments for improving existing infrastructure in developing countries such as Mexico will augment the market growth in the coming years. Improving income and rising popularity for amenities such as swimming pool are propelling the market growth. Polymeric sand possess favorable characteristics such as high endurance to extreme weather conditions, resistance to weed and insect, and low maintenance costs. However, accumulation of polyhaze on the pavers and extensive use of low-cost substitutes such as cements will hinder the market growth.
Based on the product landscape, polymeric sand market segment is expected to grow considerably during the study period. The growth can be attributed to its widespread application in merging the pavers of sidewalks, patios and pedestrian crossings. Government initiatives for public infrastructure development in emerging economies is contributing to the segment share.
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Speaking of the application scope, patios segment is projected to grow with a CAGR of 6.5% during the forecast timeline. The segment growth can be credited to improving standard of living and increasing demand for luxury amenities across the globe.
Elaborating on the end-use spectrum, commercial market segment is presumed see a considerable growth and register 6.5% CAGR during 2019-2025. Increasing construction of commercial complexes, hotels, and business parks on account of booming service sector supported by the improving bilateral ties between countries is driving the segment growth.
Considering the geographical outlook, polymeric sand industry is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe presently holds a significant share of the global polymeric sand market and is anticipated to register decent growth over the ensuing years, owing to heavy government investment towards transit infrastructure development.
Prominent players of polymeric sand market include Techniseal, Fairmount Santrol, SRW Products, Sakrete Inc., TCC Materials, SEK Surebond Inc., Ash Grove Packaging, Silpro, Alliance Designer Products Inc., and Sable Marco.
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