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The global concrete bonding agents market witnessed a healthy growth in the historical period of 2018-2023. The market is expected to grow at a CAGR of 5.80% in the forecast period of 2024-2032.
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The market for concrete bonding agents is driven by the extensive application of the product in repairing, marine, decorative, and flooring. Further, a major factor positively influencing the market growth is a rise in the demand for decorative interior to give aesthetic and pleasing finishing to the residential constructions. The market for concrete bonding agents is accelerating due to a significant support from the Asia Pacific region, followed by the Middle East and Africa. Within the Asia Pacific, China and India together accounted for a major share of the concrete bonding agents industry. This can be attributed to the rising repairs of old constructions, high funding support by private and public companies to encourage construction, and a sturdy industrial base of the construction sector.
The concrete bonding agents refers to the bonding agents that are milky white pastes and change into a clear form according to the wind, temperature, and humidity. The bonding quality between new and old concrete is affected by two critical factors, i.e., the strength and reliability of old surface, and the neatness of old surface. Concrete bonding agents are applied on wall, columns, ceiling, and other surfaces of buildings.
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On the basis of product type, the market is divided into:
By method, the industry is segmented into:
Based on application, the industry is categorised into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The market for concrete bonding agents is being driven by the rising living standards and inflating disposable incomes of the middle class population in developing economies, which are enhancing the demand for the product for decorative use. The concrete bonding agents industry is further supported by the extensive application of the product, along with an ease of use, which helps boost the demand for the product.
The report gives a detailed analysis of the following key players in the global concrete bonding agents market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Method |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 5.8% between 2024 and 2032.
The major drivers of the market are rising disposable incomes, increasing population, rising demand from the developing regions, and extensive applications.
The key trends guiding the growth of the market include the high funding support by private and public companies to encourage construction and the sturdy industrial base of the construction sector.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading product types in the market are cementitious latex based and epoxy based.
The major methods in the market are manual, spraying, and pouring.
The significant applications in the market are repairing, marine, decorative, and flooring.
The major players in the global concrete bonding agents market are Sika AG, BASF SE, Quikrete Holdings, Inc., The Euclid Chemical Company, Dow Chemical Company, and Fosroc, Inc., among others.
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