Concrete Bonding Agents Market |Key Players are Sika AG, Fosroc International Ltd., BASF SE

Concrete bonding agents are bonding materials used to bond a new concrete structure with the existing or hardened concrete structure. Concrete bonding agents are used on existing concrete structures to maintain the strength and integrity of the old surface. The cementitious-based latex agents market segment dominated the market of concrete boding agents in 2016, according to the stats provided by Coherent Market Insights.

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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.
Concrete bonding agents are highly preferred for flooring application due to their high bond strength and flexibility. They are also very helpful in increasing compressive, flexural and tensile strength of cementitious systems.

Decorative segment is estimated 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 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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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 the flourishing building & construction sector and the region emerging as a major economic hub has led to increasing development of commercial and industrial buildings.

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This release was published on openPR.