Global concrete bonding agents market to surpass US$ 5.23 billion by 2025

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GLOBAL CONCRETE BONDING AGENTS MARKET to surpass
US 5.23 billion by 2025

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REPORT DESCRIPTION
Concrete Bonding Agents Market Overview
Concrete bonding agents are bonding materials
used to bond a new concrete structure with the
existing or hardened concrete structure. The
basic factors on the use of concrete bonding
agents to the existing concrete structure is to
maintain the strength, and integrity of the old
surface. Cementitious-based latex agents market
segment dominated the market in 2016, according
to the stats provided by Coherent Market
Insights. Cementitious-based latex agents is
gaining traction over epoxy-based agents due to
relatively low cost. Furthermore, cementitious
latex-based agents comprise many polymeric resins
such as styrene butadiene rubber (SBR), acrylics,
and polyvinyl acetate (PVA), which helps in
enhancing the durability and flexibility of the
concrete overlay and thus, provides substantial
adhesion properties to the existing concrete
structure. This in turn, is fueling growth of the
global concrete bonding agents market, a trend
that is expected to sustain over the forecast
period. Repairing was the largest application
segment in the global concrete bonding agents
market in 2016 and is expected to retain its
dominance throughout the forecast period.
Currently, there is a significant need for repair
and restoration activities for enhancing the
quality of roads, bridges, parking areas, and old
infrastructure to maintain the strength and
integrity of the old constructed surface. This is
a key and highly lucrative growth area for
manufacturers of concrete bonding agents to
capitalize upon and increase revenue gains.
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REPORT DESCRIPTION
Decorative has emerged as the fastest growing
application area for concrete bonding
agents Decorative segment is expected to be the
fastest-growing application in the global
concrete bonding agents market over the forecast
period and is expected to witness fastest growth
over the following decade. The growing need for
well-furnished homes, highly luxurious
residential apartments due to the growing
urbanization and rising disposable income of the
people in Asia-Pacific and Latin America is a key
factor fueling growth of the decorative
application segment in the global concrete
bonding agents market. Regional Insights Asia
Pacific, followed by North America and Europe,
respectively accounted for major share in the
global concrete bonding agents market both in
terms of revenue and volume in 2016 and the trend
is estimated to remain the same over the forecast
period. In 2016, Asia Pacific held a market share
of 50.3 in terms of value in the global concrete
bonding agents market. Demand for repairing,
flooring, and decorative activities in Asia
Pacific is gaining unparalleled traction due to
flourishing building construction sector and
the region emerging as a major economic hub has
led to increasing development of commercial and
industrial buildings. Request Sample Copy of
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REPORT DESCRIPTION
According to a study conducted by Coherent Market
Insights, the Asia Pacific region is expanding at
a CAGR of 8.1 in the global concrete bonding
agents market during the forecast period. Growing
urbanization and increasing construction
activities especially in emerging economies of
India, and China is a major factor fueling demand
for effective repairing works, flooring and
decorative activities, subsequently fueling
growth of the concrete bonding agents market in
the region. For instance, as per statistics
released by India Brand Equity Foundation
(IBEF)a Trust established by the Department of
Commerce, Ministry of Commerce and Industry,
Government of Indiathe Indian government plans
to invest US 376.53 billion in infrastructure
development over the following three
years. Multinational players Major players in
the global concrete bonding agents market include
Sika AG, Fosroc International Ltd., BASF SE,
Saint-Gobain Weber S.A., Mapei S.p.A., Dow
Construction Chemicals, Lafarge Holcim, The
Euclid Chemical Company, GCP Applied Technologies
Inc, Dow Corning Corporation, and The Quikrete
Companies, Inc.. To Get Discount on this
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