In terms of revenue, the Global Polymeric Sand Market is expected to reach by 2030, growing at a CAGR (Compound Annual Growth Rate) of 6.8% from 2023 to 2030.
The Polymeric Sand market is experiencing robust growth due to the global construction industry's expansion. The demand for Polymeric Sand is increasing as infrastructure development and housing projects continue to rise. The key driver behind the growth of the Polymeric Sand market is its superior properties compared to traditional sand. Its ability to resist weed growth erosion and stabilize joints makes it a preferred choice for various construction applications such as pavement, patios, and driveways. The rising emphasis on sustainable construction materials also drives the demand for Polymeric Sand. Its environmentally friendly composition makes it a desirable option over traditional sand, which has been linked to environmental damage. Also, the ease of installation and low maintenance requirements offered by Polymeric Sand contribute to its adoption in the construction industry. Contractors and homeowners find it appealing as it reduces the time and cost of sand installation and maintenance. Overall, the Polymeric Sand market is expected to witness substantial growth in the foreseeable future. This rise can be attributed to rising construction activities, a growing demand for sustainable materials, and the advantages Polymeric Sand offers over traditional sand.
Key Highlights from the Report
· Among the segmentation of Product Type, the Polymeric Sand segment is anticipated to dominate the market with the largest market share in the forecast period, considering the increasing adoption of Polymeric Sand over traditional options.
· By the Application segmentation, the Footpaths segment accounted for the maximum CAGR during the forecast period because of the rising demand for aesthetically pleasing and low-maintenance footpaths.
· Based on End Use, the residential market segment dominated the Polymeric Sand market, which is anticipated to continue. The remarkable rise of the housing industry is responsible for its rapid rise.
· In terms of Region, North America held the significant market share in 2022 and is likely to be the most gainful market in the future. Elements including increasing construction activities in countries like the United States and Canada, well-established infrastructure, and high disposable income are aiding this market expansion.
Polymeric Sand is a blend of fine sand and polymer additives that, when activated with water, form a binding agent to lock the sand particles together. It is often used in landscaping and hardscaping projects, such as paver installations and joint filling. The sand hardens when dried, creating a firm and stable surface that helps prevent weed growth, resist erosion, and enhance the overall stability of the project. Additionally, Polymeric Sand is designed to withstand various weather conditions, such as freeze-thaw cycles, and reduce the likelihood of sand dislodgement, making it a popular choice for outdoor applications.
Leading market players are launching new products with improved capabilities to sustain competition in the Polymeric Sand market. For example, Techniseal launched the "NOCOSTORM" brand in January 2022, a permeable jointing compound used in various weather conditions. Additionally, companies are adopting acquisition as a critical developmental strategy to enter the market, like Wynnchurch Capital acquiring Alliance Designer Products Inc. in April 2019. Expansion strategies, such as Platinum Decking opening a new branch in Naperville, Illinois, also help gain market share.
However, some factors may hinder the growth of the market. Compared to traditional joint filling materials, the high cost of Polymeric Sand may restrain price-sensitive customers. Moreover, the availability of alternative products, such as crushed stone or traditional sand, may limit market growth in some regions.
North America Polymeric Sand market is expected to witness a noteworthy development with a significant growth rate over the analysis period. The industry growth in this region can be attributed to several factors. Firstly, the increasing construction activities in countries like the United States and Canada have led to a rising demand for Polymeric Sand for various applications such as paving stones, brick pavers, and flagstones. Furthermore, the region has well-established infrastructure and high disposable income, which contribute to the market's growth. In addition, significant manufacturers and suppliers in North America have further boosted the market growth. Overall, the region is dominant in the global Polymeric Sand market and is expected to continue its growth in the coming years.
The Global Polymeric Sand Market is Segmented as follows
- Product Type
- Polymeric Sand
- Polymeric Dust
- Pool Decks
- Parking Spaces
- Pavements & Auxiliary Spaces
- End Use
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
List of the Key Players of the Global Polymeric Sand Market is
Techniseal (Canada), Sable Marco (Canada), Vimark S.R.L. (Italy), Semco Stone (U.S.), Sakrete (U.S.), SRW Products (U.S.), Alliance Designer Products Inc. (Canada), SEK-Surebond (U.S.), Unilock (Canada), Ashgrove Polymeric Sand
The Global Polymeric Sand Market Scope can be Tabulated as below
|Market Size Provided for Years
|2017 - 2030
|2017 - 2021
|2023 - 2030
|Regions & Counties Covered
|Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis