Polymeric Sand Market To Record CAGR Of 6.5% Via Commercial Sector By 2025
The polymeric sand market from commercial sector is estimated to exhibit a 6.5% CAGR during the analysis period. This growth can be mainly attributed to improved bilateral ties between nations which has resulted in robust growth of the service sector. These factors have fueled investments in the development of commercial complexes such as hotels and business parks.
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On the basis of product, the market is segmented into polymeric sand and polymeric dust. Polymeric sand product segment is likely to dominate the industry share owing to widespread use in joining pavers in patios, sidewalks, and pedestrian crossings. In developing regions, government bodies are increasingly focusing on the development of better public infrastructure. In addition, growing investments in commercial spaces will complement the industry outlook.
Polymeric sand finds extensive application in the construction of patios, pavements and auxiliary spaces, pool decks, and parking spaces. Patios application segment is projected to witness a CAGR of 6.5% through 2025. A notable uptick in disposable incomes and lifestyle habits is fueling the demand for larger outdoor spaces to increase the aesthetic appearance of houses.
Polymeric sand possesses excellent characteristics such as superior endurance against extreme weather conditions, and protection against insects and weed growth. This helps significantly cut repair, maintenance, and replacement costs. Over the years, the material has gained significant prominence in the construction of outdoor spaces such as pavements, patios, and parking spaces.
The polymeric sand market is set to observe growth rate of over 7.5% till 2025. Rising infrastructure investment by public as well as private sectors will provide a considerable thrust to the global polymeric sand industry, owing to a broad application scope in commercial, residential and municipal projects. Apparently, polymeric sand comprises a unique mixture of fine sands and certain other polymers that form a remarkable strong binding agent when mixed with water to lock the particles of sand together.
Emerging economies such as Mexico are anticipated to invest substantially in infrastructure development. Mexico has also initiated a refurbishment program worth US$600 billion to improve existing infrastructure. Moreover, the country has signed numerous agreements such as the North American Free Trade Agreement (NAFTA) and the United States-Mexico-Canada Agreement (USMCA).
Reports claim that the U.S. has more than 2 billion parking spots for about 250 million cars, indicating the efforts made by governments, private firms and individuals to offer more than ample car parks needed by the growing population. Europe also faces demand for sufficient spots due to the presence of hundreds of government buildings, malls, schools and expansive housing schemes. Home to major global auto makers, Europe had recorded sale of over 17.9 million passenger cars in 2017, affirming the huge number of vehicles on road and in need of parking spaces at different locations visited by car owners.
Polymeric sand, when used in laying out parking spaces, can help to address problems like durability, plant growth and over reliance on drainage, as the impermeable nature of concrete and asphalt often requires separate drainage systems. It is also simpler to finish, saves money and time and has long-term financial benefits. The polymeric sand market is gradually experiencing demand from parking space constructors worldwide, and Europe could likely represent one of the promising regional markets.
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Some Point from Table of Contents:
Chapter 4. Polymeric Sand Market, By product
4.1. Global polymeric sand market by product insights
4.2. Polymeric sand
4.2.1. Market estimates and forecast, 2014 - 2025
4.2.2. Market estimates and forecast, by region, 2014 - 2025
4.3. Polymeric dust
4.3.1. Market estimates and forecast, 2014 - 2025
4.3.2. Market estimates and forecast, by region, 2014 - 2025
Chapter 5. Polymeric Sand Market, By Application
5.1. Global polymeric sand market by application insights
5.2. Patios
5.2.1. Market estimates and forecast, 2014 - 2025
5.2.2. Market estimates and forecast, by region, 2014 - 2025
5.3. Pool deck
5.3.1. Market estimates and forecast, 2014 - 2025
5.3.2. Market estimates and forecast, by region, 2014 - 2025
5.4. Pavements and auxiliary spaces
5.4.1. Market estimates and forecast, 2014 - 2025
5.4.2. Market estimates and forecast, by region, 2014 – 2025
5.5. Parking spaces
5.5.1. Market estimates and forecast, 2014 - 2025
5.5.2. Market estimates and forecast, by region, 2014 – 2025
5.6. Others
5.6.1. Market estimates and forecast, 2014 - 2025
5.6.2. Market estimates and forecast, by region, 2014 – 2025
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