Insights from Future Market Research
According to MRFR analysis, the Concrete Bonding Agent Market is expected to register a CAGR of ~ 5.00% from 2023 to 2032 and hold a value of over ~USD 6.5 billion by 2032.
Natural and synthetic materials known as concrete bonding agents are cast off to unite old and novel concrete surfaces. This composite can also be cast-off to bond the concrete layers together. This chemical aids in the conduct of several concrete surfaces as a single unit. A bonding agent is not currently in the cement used in concrete mixes. When a new layer of concrete is hired on top of an existing of concrete, the two layers exist as two separate layers with no connection. As a result, between the layers, a bonding agent is mandatory. Bonding agents are modest to apply and utilize. They aid to prevent cracks from forming as an outcome of shrinking. Concrete’s permeability is abridged. The application of bonding agents indorses the adherence of the concrete layers.
The covid 19 pandemic is touching industrial operations across the world. Building overhaul and construction operations are stalled in this period. Falling demand for bonding agents is affecting growth. The bonding applications such as repairing, decorative, and flooring are overdue in this period. The labor of the market results in it being difficult to travel. The global lockdowns and restrictions are generating challenges. There are fewer construction materials and activities across the state. However, the economies such as China and India are speedily expanding. This will generate more opportunities for the concrete bonding markets in imminent years.
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Regional Analysis:
The Asia Pacific is a leading nation with several key players. It holds the high revenue shares and demand rate in the market. India, China, and Japan are vital to market investors. New construction plans will lead to high market developments. Further, North America is the next market player with a huge number of bonding agents market share.
Market Segmentation:
The global Concrete bonding agent Market has been segmented into agent and application.
Based on Agent, the global Concrete bonding agent Market has been segmented into Cementitious latex-based, and Epoxy-based. A latex-modified cement-based coating that can be used for thin-section adorning, texturing, and weatherproofing. For construction finishes, stucco, and patching, this substance generates aesthetically acceptable surfaces. Cementitious waterproof coatings are two-component combinations that are applied below the tile, over masonry maintenance, and on concrete surfaces. Because of their cementitious nature, these above- and below-grade waterproofing coatings have countless bonding strengths to concrete and masonry substrates. The suppleness properties are aided by the polymer modifier.
Based on Application, the global Concrete bonding agent Market has been segmented into Repairing, Flooring, Decorative, and Marine. Polyvinyl Acetate (PVA) is a type of concrete bonding agent that is cast off for small-scale concrete repairs. The bonding agent has high water resistance and reduced permeability. Polyvinyl acetate emulsion is cast off to make the glue. It is non-toxic, flashy, and has a high bond strength, however, it has less water resistance and heat resistance. It can be blended with cement, gypsum, carboxymethyl, and other materials. It’s generally employed as a non-structural adhesive in plastic wallpaper, wood bonding, ceramic ornamental resources, gypsum board, and other applications.
Key Players:
Some of the key market players are afargeholcim (Switzerland, GCP Applied Technologies Inc (U.S.), Sika AG (Switzerland), Fosroc, Inc. (U.K), Mapei S.P.A. (Italy), The QUIKRETE Companies (U.S.), DowDuPont (U.S.), BASF SE (Germany), Saint-Gobain Weber (France), and The Euclid Chemical Company (U.S.)
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