global concrete bonding agents marketembed
The Asia Pacific region is expanding at a CAGR of 8.1% in the global concrete bonding agents market during the forecast period.
Global concrete bonding agents market to surpass us$ 5.23 billion by 2025 © Coherent market Insights. All Rights Reserved 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. © Coherent market Insights. All Rights Reserved 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. Request Sample of Global Concrete Bonding Agents Market: https://www.coherentmarketinsights.com/insight/request-sample/333 © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION 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. This in turn has positioned Asia Pacific as the growth engine for the global concrete bonding agents market over the forecast period. 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. To Get Discount On This Report: https://www.coherentmarketinsights.com/insight/request-discount/333 © Coherent market Insights. All Rights Reserved ABOUT COHERENT MARKET INSIGHTS ABOUT US Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. 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