Global Concrete Bonding Agents Market:Overview
The globalconcrete bonding agents market is heading towards robust growth inresponse to the increasing income of the middle class population in emergingeconomies. Investment in the development of existing infrastructure is thechief factor driving the global concrete bonding agents market. Based on agent,the market is currently led by cementitious latex based concrete bonding agentsowing to the adhesion they provide to new concrete.
Byapplication, the market is projected to be driven by the repairing segment.However, over the forecast period, the market is also expected to witnessconsiderable opportunities in the decorative segment. This is mainly due to theincreasing use of concrete bonding agents in micro toppings and overlays toprovide an aesthetic and appealing finish to the interiors of commercial andresidential buildings. The rising use of concrete bonding agents in decorativeapplications will thus provide the market with considerable momentum.
The studyis intended to help market participants get a clearer perspective about theprevailing dynamics in the concrete bonding agents market. It is compiled withexhaustive information relating to the growth drivers and threats that willinfluence the market’s growth in the forthcoming years. It also lists thethreats and opportunities that companies operating in the concrete bondingagents market is forecast to witness over the course of the forecast period.
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Global Concrete Bonding Agents Market: Drivers and Restraints
Theincreasing urbanization and a rise in the disposable income of the middle-classpopulation has impelled people to opt for comfortable residential andcommercial structures, which has greatly influenced the market’s trajectory.The scenario is especially true in case of emerging economies across AsiaPacific. Over the last few years, the region is witnessing a substantial risein investment in the building and infrastructure segment, aimed ataccommodating the demand for modernization from urban population. These factorsare likely to propel the market’s growth in the near future.
On thedownside, inadequate workmanship and awareness regarding the raw materials tochoose for repairs will act as a major restraining factor for the market.However, it is possible to reverse the restraint with positive governmentintervention. Steps taken at improving the existing infrastructure can help themarket grow at a significant pace across emerging nations.
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Global Concrete Bonding Agents Market: Regional Outlook
Regionally,the market is expected to witness considerable opportunities in Asia Pacific,both in terms of value and volume. The rising investments by the commercialsector, strong industrial base, rising standard of living, shifting focus ofproduction facilities towards emerging nation, and the rising standard ofliving are a few factors supporting the growth of the concrete bonding agentsmarket in Asia Pacific.
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Global Concrete Bonding Agents Market: Vendor Landscape
To studythe competition prevailing in the market, the report has profiled some of theleading companies operating therein. The assessment of vendor landscapeprovided in the report aims at answering questions pertaining the opportunitiesand threats for the companies operating in the market and identifying the mostlucrative segments. Some of the key companies in this market are FosrocInternational Ltd. (U.K.), Sika AG (Switzerland), BASF SE (Germany), DowConstruction Chemicals (U.S.), Saint-Gobain Weber S.A. (France), Dow CorningCorporation (U.S.), and The Euclid Chemical Company (U.S.).
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