(MENAFN- America News Hour) Research Nester published a report titled “Polymeric Sand Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global polymeric sand market in terms of market segmentation by product, application, end-use and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global polymeric sand market is anticipated to grow with a CAGR of ~7% during the forecast period, i.e. 2023-2033. The market is segmented by end-use into industrial, residential, commercial, and municipal. Out of these, the residential segment is attributed to garner highest market share by 2033, owing to increased number of residential buildings across the globe. As per estimations, in 2020, there were almost 100 million single family homes in the U.S. Further, there were around 5 million multifamily residential buildings in the same period.
The global polymeric sand market is estimated to garner a notable revenue by the end of 2033. The rapid growth and the rising demand in the construction sector is estimated to enhance the global polymeric sand market growth throughout the forecast period. Also, the growing demand for luxury residences and the increment in expenditure in public infrastructure construction in developing countries are estimated to fuel the market growth. Moreover, the continuous rise in construction activities in the emerging economies is projected to bring significant opportunities for the key market players and vendors.
Geographically, the global polymeric sand market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America region is estimate to garner the largest market share by the end of 2033, owing to the rapid expansion of construction industry and presence of leading market players.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rise in Building Construction to Drive the Market Growth
The global polymeric sand market is anticipated to rise at a significant in the coming few years. The primary reason in the growth of the market is attributed to the increasing need of beautification of the city by developing pavements along road side in several parts of the world. Additionally, increased investments in public infrastructure development along with rising demand of luxury homes across the world are expected to be the prominent factors expected to drive the global polymeric sand market.
Also, great advantages of polymeric sand which includes ability to withstand harsh weather conditions, slow down weed growth, resist erosion and the increase durability of pavements is projected to increase demand for polymeric sand during the forecast period.
However, the low level awareness among the population about the advantages of polymeric sand along with high costs of raw materials and long production cycles is expected to operate as key restraint to the growth of the global polymeric sand market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global polymeric sand market which includes company profiling of Wynnchurch Capital, L.P., Techniseal Inc., Sable Marco Inc. (Sika), SRW Products, Inc., Alliance Designer Products Inc., Oldcastle APG, Inc., Black Diamond Coatings, Twin City Concrete Products., SILPRO, Ash Grove Packaging, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global polymeric sand market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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