Polymeric Sand Industry Analysis by Size, Share, Demand & Growth to 2034
The polymeric sand market is valued at US$ 127.05 billion in 2024 and is projected to
reach US$ 249.94 billion by 2034, exhibiting a CAGR of 7.00% over the forecast period.
Growth of the polymer sand market is influenced by a wide range of factors including focus
of key players on high-quality product offerings with long term warranty, and increasing
preference for customized products among end-users.
Significant resurgence in the construction industry in recent years can be backed by the fact
that, construction materials manufacturers have been increasingly adopting the Business
Information Modelling (BIM) to expand their customer base and increase sales. Key players
in the polymeric sand market have been focusing on capitalizing the opportunities in online
retail. Polymeric sand manufacturers have been strengthening their visibility in online
channels, such as Amazon, in line with search of end-users for established suppliers who
have robust e-commerce interface.
Spending in the construction industry spurred in tandem with increasing GHDI of consumers
worldwide, which has created potential opportunities for the market players to benefit from.
This has further led the leading polymeric sand market players to concentrate on assessment
of building trends that result from consumer sentiments in regional markets with growth
potential. These players are entering into tie-ups with government entities and building
contractors as a long-term sales growth strategy.
Providing customer requirement-specific products at competitive prices, considering the
economic tier and purchasing power of the customer base, continue to remain one of primary
objectives of the players in the polymeric sand market. Additionally, efforts of the players
toward product and brand endorsements for creating awareness on the benefits of polymeric
sand among the targeted customers, continues to significantly underpin the market growth.
Request a Sample Report with Table of Contents and
Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-6178
Demand Remains Robust for Footpath Construction, Sales in Patios to Gain Fast
Traction
Footpath construction has traditionally been the most lucrative application of polymeric sand,
however sales in forming patios have gained significant momentum in recent years. The
report opines that gains from polymeric sand sales in patio construction are expected to
remain competent compared to those from footpaths in 2019, currently accounting for
approximately 23% and 25% market share respectively.
As the focus of homeowners on expanding their residential areas into outdoors that feature
covered patios, media centers, and kitchens, demand for polymeric sand to build patios
continues on an upward spiral. According to the report, nearly 50% of houses have patios in
the US alone. Additionally, several homeowners prefer larger patios over basic plan outlines,
and those facing budget stringency eye plumbing & wiring activities for outdoor kitchens and
other amenities.
Residential Sector to Hold Majority Share in Polymeric Sand Market
The report states that residential end users hold nearly half volume share of the polymeric
sand market, representing the volume of over 35 thousand tons in 2018. Resurgent growth of
the housing industry and renovation activities by homeowners in the recent past allude
growing demand for various construction materials and consumables, which has been
indirectly influencing demand for polymeric sand. The advent of polymeric sand has offset
the challenges associated with washout owing to lack of binders in sand, while preventing the
growth of weeds, ant hills, and grass as a consequence.
According to the study, gains will also remain strong from the commercial sector, wherein
sales are partly driven by large-scale infrastructure development projects worldwide,
particularly in developing economies of the Asia-Pacific. Another key factor influencing
sales of polymeric sand in the commercial sector is increased focus of governments on
strengthening their energy infrastructure, and investing in the development of transit
facilities.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a
member of the Greater New York Chamber of Commerce) offers profound insights into the
driving factors that are boosting demand in the market. FMI stands as the leading global
provider of market intelligence, advisory services, consulting, and events for the Packaging,
Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets.
With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local
expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube