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.
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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.
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