Is Your Business Growing at 64% a Year?

If not, maybe you should take a closer look at the North American polymeric concrete repair market.  This is the annual growth projected in an online article by Richard Jones at the Adhesive and Sealants Industry website.  According to Jones – “polymeric reactive resins are estimated to be $1.1 billion of the overall construction chemicals market.”

Infrastructure spending overall in the U.S. is down to 2% of GDP.  In 1960 it was 4%.  Right now Europe is spending 5% of GDP on infrastructure and China is spending 9%.  Although we are spending much less, the need is much greater.  Most of our infrastructure was built for a 50 year lifespan, and in many cases we are reaching 60 years.  Here lies the opportunity for polymeric repair materials.

End uses for specialty polymers in the infrastructure repair include structural bonding & repair, strengthening, and stabilization.

According to Jones, “The cost effectiveness and financial pragmatism behind repairing vs. rebuilding is the underlying reason why the use of these types of repair systems is forecasted to grow at 64% annually in the coming years, despite the projected softness in new construction activity.”

Jones is telling us what we at Prime Resins have known since our first day in business.  Why go to the expense to replace a perfectly good structure when you can restore it for a fraction of the cost?  We are well positioned and looking forward to the 64% annual growth.  Are you?

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