USD 44.55 million
Report ID:
SQMIG20C2084 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|Tables:
91
|Figures:
71
Global Polymeric Sand market size was valued at USD 44.55 million in 2022 and is poised to grow from USD 47.94 million in 2023 to USD 86.13 million by 2031, growing at a CAGR of 7.6% in the forecast period (2024-2031).
The market for landscaping solutions is experiencing a significant uptick driven by consumer preferences leaning towards low-maintenance options. There's a strong inclination towards solutions that deter weed growth, repel insects, and exhibit robust resistance properties, contributing substantially to revenue shares. This trend aligns with the increasing emphasis on environmentally conscious practices, resulting in reduced dependence on harmful pesticides.
Simultaneously, there's a growing demand for hardscaping materials that offer both convenience and visual appeal, leading to a surge in the popularity of durable options like polymeric sand. This collective shift towards hassle-free yet aesthetically pleasing landscaping choices is poised to propel substantial growth within the market.
Global Market Size
USD 44.55 million
Largest Segment
Pavements
Fastest Growth
Growth Rate
7.6% CAGR
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The global polymeric sand market can be categorized into product type, application, end use, region. The market can be categorized into polymeric sand, polymeric dust based on product type. The market can be categorized into footpaths, patios, pool decks, parking spaces, pavements & auxiliary spaces based on application. The market can be categorized into residential, commercial, infrastructural based on End Use. The market can be categorized into North America, Europe, Asia Pacific, Latin America, Middle East & Africa based on region.
Analysis by Application
The forecasted period from 2023 to 2030 anticipates remarkable industry growth, particularly within the Footpaths segment. This surge can be linked to the burgeoning construction of footpaths worldwide, catering to various purposes like recreation, urban development, and bolstering connectivity. Polymeric sand emerges as a pivotal component offering an array of advantages specifically tailored for footpath construction. Its inclusion results in heightened strength, stability, and exceptional durability, crucial attributes for sustainable footpath infrastructure.
In 2022, the pavement segment emerged as the dominant force within the market and is projected to exhibit the fastest CAGR of 3.4% during the forecast period. This remarkable growth trajectory is primarily attributed to the unparalleled resilience demonstrated by pavements constructed using polymeric sand when compared to their conventional counterparts. The inherent strength, stability, and durability imparted by polymeric sand-based pavements stand out as key factors driving their increased adoption.
Analysis by End-Use
In the landscape of revenue generation for 2022, the Residential segment is set to retain its leading stance, accounting for the largest share. This dominance is intricately linked to the burgeoning housing industry, a surge driven by the expanding global population. Homeowners, with a growing emphasis on enhancing the visual appeal of their residences, are increasingly investing in aesthetic improvements, fueling the anticipated sales surge of polymeric sand within the forecast period. The material finds extensive utility across various applications within residential settings, serving purposes such as plastering, tamping, and leveling. Its versatility has positioned it as a highly coveted material for constructing an array of residential features, including landscape edging, patios, pool decks, and various other structures, further solidifying its prominence within the residential sector.
The commercial segment plays a pivotal role in propelling the polymeric sand market forward, owing to its diverse applications and significant demand within this sector. Commercial spaces, including office complexes, retail centers, and industrial facilities, require robust, enduring infrastructure. Polymeric sand's unique properties, such as enhanced durability, weather resistance, and stability, make it an ideal choice for various construction needs in commercial settings.
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By the conclusion of 2033, the North America polymeric sand market is forecasted to claim the foremost market share among all other regions. This anticipated dominance stems from several key factors, prominently the rapid surge in the construction industry. The region benefits significantly from the presence of leading market players, fostering a competitive landscape conducive to substantial growth. Additionally, the escalating demand for new residential and commercial structures within the region is fueling the construction sector's expansion. The growing needs of the regional population for modern buildings further underpin this market growth trajectory, solidifying North America's position as a pivotal hub within the polymeric sand market landscape.
The construction industry in the Asia Pacific is experiencing a rapid surge in prominence, notably propelled by escalating construction activities, particularly within burgeoning economies like China and India. This momentum is significantly bolstered by substantial infrastructure developments, especially evident in India, where the government announced ambitious plans under the National Infrastructure Pipeline (NIP).
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Drivers
Increasing Demand within the Construction Sector Will Aid Growth
Restraints
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The competitive environment of the Global Polymeric Sand Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The landscape of market growth is being significantly shaped by the simultaneous rise in government support and the increased adoption of environmentally friendly alternatives to traditional sand. Various governmental bodies are actively engaged in fostering the use of sustainable construction materials as part of their efforts to address the challenges posed by climate change. Among these materials, polymeric sand stands out as a notable eco-friendly option gaining traction within the construction industry.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 44.55 million |
Market size value in 2031 | USD 86.13 million |
Growth Rate | 7.6% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Polymeric Sand Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Polymeric Sand Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Polymeric Sand Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Polymeric Sand Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20C2084
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