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global concrete bonding agents market

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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
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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.
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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.
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