Global Concrete Bonding Agents Market 2017-2021

Overview of the global concrete bonding agents market

Technavio’s market research analyst predicts the global concrete bonding agents market to grow steadily at a CAGR of above 7% by 2021. One of the primary drivers for this market is the rise in the preference of repairing old constructions. Concrete bonding agents are widely used for repair and restoration applications. Governments are investing more towards repairing and restoring existing the structures than demolishing and building a new structure. Apart from buildings and constructions, repairing activities in the road and infrastructure segments will also elevate the demand for concrete bonding agents. Technological improvements in manufacturing concrete bonding agents are increasing their compatibility with Portland cement and other hydraulic cement types, which in turn, is expected to propel the growth of the global concrete bonding agents market during the forecast period.

In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. APAC is the largest region in terms of consumption of concrete bonding agents with respect to the demand as well as innovation, quality, and product development. Also, the growing requirement for commercial infrastructure, industrial buildings, and expansion of road and railway networks in China, is anticipated to drive the demand for concrete bonding agents in the region.

Competitive landscape and key vendors

The global concrete bonding agents market is fragmented with the presence of well-diversified international, regional, and local vendors. Vendors in the concrete adhesives market focus on the fluctuation of prices for raw materials from the petrochemical market to comply with manufacturing cost. These players have large production facilities located across the globe. Small regional vendors are also operating in the market and have significant shares.

Leading vendors in the market are –

• BASF
• Dow Chemical
• Mapei
• Saint-Gobain
• Sika

Other prominent vendors in the concrete bonding agents market include The Euclid Chemical Company, Fosroc, GCP Applied Technologies, LafargeHolcim, and QUIKRETE Companies.

Segmentation by agent type and analysis of the concrete bonding agents market

• Epoxy based
• Cementitious latex based

During 2016, the cementitious latex based segment dominated the concrete bonding agents market and accounted for a major part of the overall market share. The usage of cementitious latex based bonding agent in a variety of applications since they offer a greater degree of water resistance than other concrete bonding agents is the key factor responsible for the dominance of this segment in the global market.

Segmentation by end-user and analysis of the concrete bonding agents market

• Building and construction
• Road and infrastructure
• Utility industries

In this market study, analysts have estimated the building and construction segment to dominate the concrete bonding agents market during the forecast period. Rapid urbanization and growing population are the key factors supporting the growth of this segment in the concrete adhesives market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global concrete bonding agents market?
• What are the key market trends impacting the growth of the global concrete bonding agents market?
• What are the challenges to market growth?
• Who are the key vendors in the global concrete bonding agents market?
• What are the market opportunities and threats faced by the vendors in the global concrete bonding agents market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global concrete bonding agents market? 

Technavio also offers customization on reports based on specific client requirement.

Concrete is a material composed of aggregates bonded together with liquid cement that hardens over time. Bonding agents are natural materials used to enhance the joining of individual members of a structure without using fasteners. These products are used in repair applications such as the bonding of fresh concrete, sprayed concrete or cement mortar to hardened concrete. This upcoming report by Technavio is an integral part of the chemicals and materials industry and provides vital information on fast-paced growth markets like glass and ceramics, paints, coatings, and pigments, and textile, fiber, and composites. Additionally, with a projection to enable clients register a healthy edge over their competitors, Technavio presents essential knowledge on the demand-supply shifts and also lists down all the leading vendors in the chemicals and materials industry.

To effectively predict the glass and ceramics industry’s growth outlook, Technavio’s team of market research experts follow a combination of primary and secondary research techniques and also carry out an in-depth analysis of various market attributes such as technological advancements and the different products and services covering many geographical boundaries. To help clients plan new strategies for growth, our upcoming industry research report on the global concrete bonding agents market for the forecast period of 2017 to 2021 proposes actionable insights devised from the data collected from reliable sources of information, including manufacturers, channel partners, regulatory bodies, and decision makers.

This upcoming report on the global concrete bonding agents market also considers the growth of similar markets like ready-mix concrete and flat glass for construction, which are expected to grow at a CAGR of about 9% and almost 6%, respectively by the year 2021. According to our team of market research analysts, the governmental initiatives in economies such as the US, Germany, Russia, Japan, India, China, and Indonesia to invest in infrastructure to fulfill the need for transportation, education, and healthcare will drive the growth of the glass and ceramics market for the coming few years. Based on the requirements of clients, Technavio also provides customized reports, which can aid local vendors and global players augment their position in the chemicals and materials industry.

The upcoming industry research report on the global concrete bonding agents market highlights the market drivers, future market trends, and challenges faced by the plastics, polymers, and elastomers industry and also presents a complete overview of additives, adhesives, and sealants, olefins, plastics, polymers, and elastomers, and specialty chemicals sectors.