How Will Infrastructure Investment Augment Polymer Concrete Sale?
The Asian Infrastructure Investment Bank (AIIB) committed $60 million to the STIC Asia Infrastructure Innovation Fund in November 2021. The fund will help small and medium-sized companies involved in smart city, transport and logistics, green energy infrastructure, social infrastructure, and digital infrastructure development prosper in the Republic of Korea, Southeast Asia, and South Asia. Likewise, the Government of Canada signed the Integrated Bilateral Agreement for the Investing in Canada Infrastructure Program (ICIP) with British Colombia in 2018 to invest $3.917 billion for the next 10 years in the infrastructure of the latter. Thus, the increasing investments being made in infrastructure development will help the polymer concrete market witness a CAGR of 7.1% during forecast period. According to P&S Intelligence, the market revenue will rise from $1,975.8 million in 2017 to $2,964.0 million by 2023. Additionally, the rising focus on repair and rehabilitation of existi...