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Global Concrete Bonding Agents Market to Reach USD 3.84 Billion in 2021: MarketsandMarkets

Published on 2016-11-14. Author : SpecialChem


The report "Concrete Bonding Agents Market by Agent (Cementitious Latex Based, and Epoxy Based), Application (Repairing, Flooring, Decorative, and Marine) and Region - Global Forecast to 2026", The global concrete bonding agents market is projected to reach USD 3.84 Billion in 2021 at a CAGR of 7.6%. It is projected to reach 5,736.3 KT, by 2021, at a CAGR of 6.3% by volume. This growth is fueled by the preference for repairing existing infrastructure rather than constructing new ones, and the high compatibility of concrete bonding agents with Portland cement and other hydraulic cements.

Cementitious Latex-based Concrete Bonding Agents Market

Cementitious latex based concrete bonding agents is the largest market in the global concrete bonding agents market followed by the epoxy based concrete bonding agents. The demand for cementitious latex based concrete bonding agents is mainly driven due to the low cost, and the effective and substantial adhesion that these impart to the new concrete when they are adhered onto the old concrete. The cementitious latex based concrete bonding agents improve the quality of adhesion by maintaining stability in the water and cement system. Epoxy based bonding agents are costlier than cementitious latex based, but provide incomparable strength and durability to the concrete.

Repairing: The largest application market for concrete bonding agents

Repairing is currently the largest application of concrete bonding agents. Concrete bonding agents are largely used in the repair mortar which is applied to deteriorating and aging infrastructure. High funding by the public and private sectors to promote construction activities also stimulate the renewal and restoration operations, which is driving the market for concrete bonding agents.

Asia Pacific: The largest market for concrete bonding agents

The Asia Pacific region was the largest market for concrete bonding agents, in terms of value and volume, in 2015. Increasing investments by foreign companies; growing production facilities; the strong industrial base in the construction sector, and the rise in the standards of living are the major factors contributing to the growth of the concrete bonding agents market in this region. China alone accounted for a major share of the total concrete bonding agents market in the region, as it has the largest construction industry in the world which employs concrete bonding agents on a large scale.

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Source: MarketsandMarkets
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