Global Concrete Bonding Agents Market 2017 to grow at a CAGR 7.43% by 2021

Summary
Orbis Research Presents Global Concrete Bonding Agents Market 2017-2021 has been prepared based on an in-depth market analysis with inputs from industry experts.
Description
The Following Companies As The Key Players In The Global Concrete Bonding Agents Market: Basf, Dow Chemical, Mapei, Saint-Gobain, And Sika.
Other Prominent Vendors in the market are: The Euclid Chemical Company, Fosroc, GCP Applied Technologies, LafargeHolcim, and QUIKRETE Companies.
Commenting on the report, “One trend in market is increasing government investment in repair and maintenance. Several governments have started investing heavily in repair and maintenance of existing architecture. In recent years, the construction market is largely focusing on strengthening and refurbishing old structures, from road infrastructure and bridges to historical and industrial buildings. This has created opportunities for vendors in economies where governments have started spending massive amounts on repair and maintenance of old structures through public-private partnerships.”

According to the report, one driver in market is rising income of people leading to growth in infrastructural development in emerging economies. The increase in the number of residential and non-residential buildings in emerging economies is projected to boost the application of concrete bonding agents during the forecast period. The emerging countries such as India, China, Indonesia, Russia, and Brazil are expected to drive the demand for concrete bonding agent during the forecast period. In 2015, the GDP of India was 7.56%, and that of China was 6.9%. The rise in the GDP of these countries is expected to boost the manufacturing and building industries, which will lead to the growth of the concrete building agents market in these countries. The availability of land, cheap labor, and less stringent government regulations lured many vendors in the global concrete bonding agents market to shift their manufacturing centers to these countries. Further, high disposable incomes and changing lifestyles in these economies have led to the high growth in the construction market, and thus, consumers are remodeling their homes and buildings. Therefore, these factors will increase the demand for concrete bonding agents during the forecast period.

Further, the report states that one challenges in market is fluctuations in raw material prices. The manufacturing of concrete bonding agents requires raw materials, which are acquired from the oil and gas industry. It is one of the principal suppliers of raw materials for the global concrete bonding agents market. The fluctuations in the crude oil prices have a severe effect on the prices of the raw material, affecting the costs of several concrete bonding agents. In 2010, the crude oil price for Brent was around $77 per barrel, but there was an increase in the price during 2012 by nearly 41%. However, in subsequent years, the price of crude oil per barrel decreased at a rate of nearly 60% in 2016. So, these fluctuations of the price of crude oil per barrel made a negative impact on raw material prices for manufacturing of concrete bonding agents. There have been volatile demands owing to the uncertainty in the economic activities in the raw material market. The economic scenario plays a vital role in having a broader outlook on the performance of the market. If there has been a positive outlook for the market, the demand fluctuations observed are less, leading to many opportunities for the growth of petrochemical derivatives sales, and in turn, sales of the products offered to the building and construction industry.

Get a PDF Sample of Global Concrete Bonding Agents Market Research Report @:http://www.orbisresearch.com/contacts/request-sample/275305

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

For Enquiry of this Report @: http://www.orbisresearch.com/contacts/enquiry-before-buying/275305

Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Hector Costello
Senior Manager – Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas – 75204, U.S.A.
Phone No.: +1 (214) 884-6817; +9164101019
Follow Us on LinkedIn: https://www.linkedin.com/company/orbis-research

This release was published on openPR.