Concrete
Bonding Agents – Insights.
Concrete
bonding agents are bonding materials used to bond a new concrete
structure with the existing or hardened concrete structure. Concrete
bonding agents are used on existing concrete structures to maintain
the strength and integrity of the old surface. The cementitious-based
latex agents market segment dominated the market of concrete boding
agents in 2016, according to the stats provided by Coherent Market
Insights. Cementitious-based latex agents is gaining traction over
epoxy-based agents due to relatively low cost.
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Decorative
segment is expected to be the fastest growing application area in the
concrete bonding agents market
Among
application, decorative segment is expected to witness fastest growth
in the global concrete bonding agents market over the forecast period
and is expected to witness fastest growth over the following decade.
Growing urbanization and rising disposable income of people in Asia
Pacific and Latin America regions leading to growing need for
well-furnished homes and luxurious residential apartments is one of
the major factors driving growth of the segment in the global
concrete bonding agents market.
Regional
Insights
Asia
Pacific, followed by North America and Europe, respectively accounted
for major share in the global concrete bonding agents market both in
terms of revenue and volume in 2016 and the trend is estimated to
remain the same over the forecast period. In 2016, Asia Pacific held
a market share of 50.3% in terms of value in the global concrete
bonding agents market. Demand for repairing, flooring, and decorative
activities in Asia Pacific is gaining unparalleled traction due to
the flourishing building & construction sector and the region
emerging as a major economic hub has led to increasing development of
commercial and industrial buildings.
Market
Taxonomy
This
report segments the global concrete bonding agents market on the
basis of agent and application. On the basis of agent, the market is
segmented as cementitious latex based agents and epoxy based agents.
On the basis of application, the global concrete bonding agents
market is segmented as repairing, flooring, decorative and marine.
However, repairing is the largest application segment, accounting for
over 40% share of the global concrete bonding agents market in 2016,
while, decorative is projected to be the fastest growing application
segment and expected to grow at a CAGR of 8.2% in terms of revenue
during the forecasted period.
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More
Information
@:
https://www.coherentmarketinsights.com/market-insight/concrete-bonding-agents-market-333
About
Coherent Market Insights:
Coherent
Market Insights is a prominent market research and consulting firm
offering action-ready syndicated research reports, custom market
analysis, consulting services, and competitive analysis through
various recommendations related to emerging market trends,
technologies, and potential absolute dollar opportunity.
Mr. Shah
Coherent Market Insights
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#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
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