Global Concrete bonding agent Market - Overview
Concrete Bonding Agents Market size is projected as 5% for the forecast period. Bonding concrete agents organic materials used for various applications.
Market Research Future (MRFR) dug deep into various aspects of the market to understand how the market may flow in the coming days. These factors are the rising inclusion of the product in the development of various personal care products, the growing inclusion of alcohol Concrete bonding agent in the development of household items, a surge in intake of the product in the pharmaceutical industry, and others. Value-wise, the market has a chance to surpass CAGR during the forecast period. However, the global Concrete bonding agent Market may suffer from the toxic nature of the product.
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Global Concrete bonding agent Market – Prominent Players
Lafargeholcim (Switzerland,GCP Applied Technologies Inc (U.S.),DowDuPont (U.S.),,BASF SE (Germany),Saint-Gobain Weber (France),The Euclid Chemical Company (U.S.),Sika AG (Switzerland),Fosroc, Inc. (U.K),Mapei S.P.A. (Italy),The QUIKRETE Companies (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Concrete bonding agent Market.
Many multinational companies are forging collaboration or launching joint ventures with distributors in order to achieve sustainable growth in the overall market. However, the market growth can experience glitches due to stringent regulation regarding the emission of harmful gases.
The global Concrete bonding agent Market has been segmented on the basis of application, grade, and lastly, region. The application-based segmentation of this market segments the market into automotive, consumer goods, electrical & electronics, medical and others. Based on grade, the market has been segmented into food, industrial, and medical.
The regional segmentation of the global Concrete bonding agent Market comprises of continent-based regional markets known as North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa (MEA). According to the report, the Asia Pacific is the leading regional market. In the region, the market is growing due to growing demand for the LSR in electrical & electronics and medical applications. Other factors responsible for the growth of the market include the easy availability of raw material, favorable government policies, and a strong distribution network. China and India are the strongest country-based markets in this region because many established players of this region are based in these countries. Being a leading market in the electronic industry and exports such products with impeccable technology innovations, China is witnessing rapid market growth. Other important country based markets in this region are Australia, Japan, and New Zealand followed by the rest of the Asia Pacific region.
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Concrete bonding agent Market - Segments:
Concrete Bonding Agents market by the agent
- Epoxy-based
- Cementitious latex-based
The epoxy concrete bonding has high demand among the end-users
Concrete Bonding Agents Market by Application
- Repairing
- Decorative
- Flooring
- Marine
Repairing and flooring segments of the market hold the highest shares in the forecast period
Concrete Bonding Agents Market by Region
- South America
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- Others
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Concrete bonding agent Market - Regional Analysis:
In Asia Pacific, the Concrete bonding agent Market may surpass a valuation of USD 5,500 million by the end of 2023, with a 4.36% CAGR during the forecast period. This is due to the rising intake of the product in China, Japan, South Korea, India, and others to boost their various industries. In North America and Europe, the market may witness slackening pace due to various safety regulations.
Latest Industry News
The global market is witnessing a steep rise in the permeation of alcohol Concrete bonding agent across several industries. Its demand is high in the manufacturing of detergents, pharmaceutical products, personal care items, and others. After the COVID-19 pandemic, various industries have increased their intake of alcohol-based products to ensure the highest level of hygiene. This has eased the permeation of Concrete bonding agent across these industries. In fact, the demand is so high, at times, companies are failing to supply them properly.
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