Worldwide Concrete Bonding Agent Market Defination :
The concrete bonding agent enhances the lifespan of the concrete mix, which is already a part of the structure. This, in turn, adds value to the structure and makes it more affordable, sustainable, and economical at the same time. Therefore, the demand for the material is growing, which can improve the performance of concrete and increase the durability of a building which is need to be properly sealed in order to protect the same from the leakages during extreme weather conditions. The global concrete admixtures market is projected to grow at a considerable growth rate of nearly 6% to reach a double-digit billion dollar figure in coming years.
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Concrete Bonding Agent Global Key Players:
Sika AG (Switzerland), BASF SE (Germany), Fosroc, Inc. (U.K), Mapei S.P.A. (Italy), Saint-Gobain Weber (France), DowDuPont (U.S.), The Euclid Chemical Company (U.S.), The QUIKRETE Companies (U.S.), GCP Applied Technologies Inc (U.S.), and Lafargeholcim (Switzerland), among others.
This is expected to boost demand for the concrete bonding agent over the forecast period. Rapidly increasing urbanization, industrialization, and growing population has triggered the growth of construction activities around the world. In addition to this, the governments of emerging economies in the Asia Pacific and the Middle East are heavily investing in developing their physical infrastructure to boost the growth of the country. Moreover, the major market players in the global concrete bonding agent market are investing nearly 3% of their annual revenue in development of the new innovative products to meet needs of the structure with changing climatic conditions.
However, the lack of skilled or trained labor and limited knowledge and awareness are likely to hamper the growth of the market during the review period.
Concrete Bonding Agent Segmentation Overview:
The global concrete bonding agent market has been segmented on the basis of agent, application, and region.
Based on the agent, the market is classified into cementitious latex based agent and epoxy based agent and others.
On the basis of the application, the market is segmented into repairing, decorative, construction, marine, flooring, and others.
Geographically, the market is across five major regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Concrete Bonding Agent Regional Outlook:
There five major regions in which the global concrete bonding agent market is spanned across: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these regions, the Asia Pacific region is growing at the highest rate due to dynamic economic development during the past decade, continuously growing construction industry, along with improving lifestyle of the people. Countries namely India, Japan, South Korea, and China are leading this regional concrete bonding agent market on account of increasing public investment in infrastructure development projects. North America is the second largest region in the global concrete bonding agent market, following the Asia Pacific. The U.S. is the major market in this region due to increasing demand for the product from increasing reconstruction activities in the country.
The U.S. is one of the leading markets when it comes to the investment in the marine sector, which is anticipated to favor the concrete bonding agent market in this region. Europe is another substantial region in the global concrete bonding agent market. The U.K, Germany, France, and Italy are the significant contributors to the growth of this regional market. Latin America is gradually reviving from the recent political and economic turmoil and the Middle East & Africa holds a considerable growth potential with the significant presence and growth of the building construction industry in this region.
Concrete Bonding Agent Market Targeted Audience:
- Concrete bonding agent manufacturers
- Traders and distributors of concrete bonding agent
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratory
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Concrete Bonding Agent Market
5 Industry Overview Of Global Concrete Bonding Agent Market
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