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Concrete Bonding Agents Market Current Status and Forecasted Trends 2024 - 2031 |

08-05-2024 09:29 AM CET | Chemicals & Materials

Press release from: CMI

Concrete Bonding Agents Market

Concrete Bonding Agents Market

Market Overview:

Concrete bonding agents are chemical compounds used to adhere concrete layers together or concrete to other surfaces. They are used for bonding fresh concrete to hardened concrete and masonry surfaces.

Market Dynamics:

Concrete bonding agents market is expected to witness significant growth over the forecast period owing to rising infrastructure projects and remodeling activities globally. According to Invest India, the Indian government has allocated INR 111 lakh crore (US$ 1.4 trillion) under the National Infrastructure Pipeline for FY 2019-25. This will boost the demand for concrete bonding agents in construction activities. In addition, favorable regulations regarding infrastructure development in countries like China, India, and Indonesia will further aid the market growth. Moreover, growing residential and commercial construction globally will also propel the demand for concrete bonding agents during the forecast period.

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Major Growth in Construction Industry Propels Concrete Bonding Agents Market

The construction industry has seen immense growth globally over the past few years, especially in emerging economies. Rapid urbanization and industrialization have led to increased residential and commercial construction activities. The infrastructure development sector has also seen rising investments to upgrade and expand roads, railways, ports, and other public utilities. Meeting the increased demand for construction materials has significantly boosted the concrete bonding agents market. Concrete is one of the most widely used construction materials due to its durability, application versatility, and affordability. However, proper bonding of concrete components is crucial to ensure long-lasting structures that can withstand harsh weather conditions and heavy loads over time. This has driven up the adoption of concrete bonding agents that reinforce bonding at concrete joints and between old and new concrete surfaces.

Waterproofing Needs of Infrastructure Projects Unlock Opportunities

The large-scale infrastructure projects underway globally represent a major opportunity for concrete bonding agent suppliers. With growing populations and rapid urbanization, developing nations are investing heavily in transport, energy and utility networks to support economic growth. However, the geographic conditions and harsh weather extremes pose challenges for long-term infrastructure durability. Water ingress through cracks or weak bonding joints can damage concrete structures over time, affecting both performance and safety. Here, advanced concrete bonding agents optimized for waterproofing play a vital role by preventing water penetration. Their elastic nature helps seal cracks and joints hermetically. These specialized formulations find widespread usage in areas like tunnel construction, bridge joints, basement slabs, dam spillways, and hydraulic projects. Catering bonded waterproofing solutions has appreciable potential for industry players seeking to capitalize on massive infrastructure spending worldwide.

Sustainability Trends Favor Eco-Friendly Concrete Bonding Options

An emerging trend favoring sustainable construction practices and materials presents viable strategies for concrete bonding agent providers. The industry recognizes growing societal expectations to reduce environmental footprint. Users also seek options confirming to green building certification standards. This has spurred R&D into greener bonding agent formulations based on natural polymers, mineral compositions, or bio-based chemistries. Meanwhile, companies market these eco-friendly variants by emphasizing attributes like recyclability, low toxicity, minimal emissions and ability to qualify for LEED points. Suppliers invest in recycling residual products to promote circular economy principles too. Such sustainable initiatives align well with construction trends evident in developed markets and global mega projects requiring maximum "green" compliance. By addressing sustainability, the concrete bonding agents category can tap emerging premium segments and future-proof its market potential against evolving industry standards for responsible infrastructure practices.

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Top Companies Featured in This Report:

β˜… Major players in the global concrete bonding agents market include Sika AG
β˜… Fosroc International Ltd.
β˜… BASF SE
β˜… Saint-Gobain Weber S.A.
β˜… Mapei S.p.A.
β˜… Dow Construction Chemicals
β˜… Lafarge Holcim
β˜… The Euclid Chemical Company
β˜… GCP Applied Technologies Inc
β˜… Dow Corning Corporation
β˜… The Quikrete Companies Inc.

Market Segmentation:

By Product Type:

β˜… By Agent: Cementitious Latex Based Agents (Acrylic, SBR, Polyvinylacetate (Non Re-emulsifiable, Re-emulsifiable), Epoxy Based Agents, Others)

By Applications:

β˜… By Application: Repairing, Flooring, Decorative, Others

Key Regions/Countries Classified as Follows:

Β» North America (U.S., Canada, Mexico)
Β» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Β» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
Β» South America (Brazil, Argentina, Rest of SA)
Β» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Trends in Navigation Keyword Market:

Increasing Demand: Notice a surge in demand for navigation keywords due to the widespread adoption of GPS-enabled devices and the need for precise mapping data.

Technological Innovations: Witness innovative breakthroughs enhancing the accuracy and reliability of navigation keywords, such as real-time traffic updates, 3D mapping, and augmented reality.

Tailored Solutions: Explore industry-specific navigation keyword solutions designed to meet the unique needs of automotive, aviation, and maritime sectors.

Integration with Advanced Technologies: Embrace the integration of navigation keywords with cutting-edge technologies like artificial intelligence and the Internet of Things, unlocking advanced functionalities.

Mobile Applications: Embrace the convenience and accessibility of navigation keywords through mobile applications, catering to the evolving needs of consumers.

Environmental Sustainability: Embrace environmentally conscious navigation keyword solutions that address issues like traffic congestion and air quality, promoting sustainable transportation options.

Report Highlights:

πŸ“ˆ Examination of navigation keyword market share at both country and regional levels

πŸ“ˆ Thorough analysis of the competitive landscape and emerging trends

πŸ“ˆ Detailed review of product advancements, technological developments, drivers, and limitations

πŸ“ˆ Strategic recommendations tailored for key business segments based on market insights

πŸ“ˆ Valuable guidance for newcomers venturing into the navigation keyword market

Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/333

Author Bio:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )

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About Us

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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