The Global Concrete Bonding Agents Market was valued at US$ 2.77 billion in 2016, according to a new report published by Coherent Market Insights. Increasing construction activities to sustain the ever increasing population, especially in Asia Pacific and Latin America is surging demand for repairing, flooring, and decorative activities. Concrete bonding agents are gaining traction in repairing old infrastructure, due to their high bond strength, and maintaining high integrity when applied to old constructed surface. Moreover, these agents are highly preferred for their use as thin layer toppings in flooring application.
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The global concrete bonding agents market is segmented into various applications namely repairing, flooring decorative, and marine. Repairing is the largest application segment due to growing need of repair and restoration activities for enhancing the quality of roads, bridges, parking areas, and old infrastructure for maintaining the strength and integrity. The high exposure to diverse climatic variations and pollution leads to concrete damage and compaction needs timely reparation; which in turn is enhancing the growth of concrete bonding agents in repair & restoration activities to maintain the infrastructure for generations.
Decorative application is the fastest growing application due to their effective bond strength when used in overlays and micro toppings for creating the architectural ascent. The growing need of well-furnished homes, highly luxurious residential apartments due to the growing urbanization, and rising disposable incomes of the people in Asia-Pacific, and Latin America are making decorative as the as the fastest-growing application in the concrete bonding agents market. Also, these agents are now extensively used in flooring applications such as extensions to structural concrete in factories, loading bays, bridges, roads, bonded or granolithic floor toppings due to their high flexibility, and maintaining compressive, flexural and tensile strength of cementitious systems. Furthermore, the rise in demand of concrete bonding agents for repairing the submerged structures in marine application are also contributing towards growth of the global concrete bonding agents market.
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