Global concrete bonding agent market research report: by agent (cementitious latex based agent and epoxy based agent), application (repairing, decorative, construction, marine, flooring, and others) and region till 2023
Pune, India -- (SBWIRE) -- 04/17/2018 -- Regionally, the Global Concrete Bonding Agent Market is spanned across five major regions: North America, Asia Pacific, the Middle East & Africa, Europe, and Latin America. Among these regions, Asia Pacific is the fastest growing market in the Global Concrete Bonding Agent Market. The region holds over 45% share of the market, which is mainly attributed to the rapid industrialization and urbanization on the backdrop constantly increasing the population. The emerging economies namely China, South Korea, and India are the substantial markets in this region due to rapidly increasing construction activities and huge government investment in the infrastructural development of these countries. The government of India has ushered the path of rapid industrialization through the flagship scheme called "make in India," which is likely to fuel the industrialization and in turn growth of the construction activities in this country. In the same way, China is gradually developing and upgrading its existing physical infrastructures such as rail, road, and government buildings. The regional integration initiatives such as "string of pearls" and "Sagarmala," which involve the strengthening of the shipbuilding and modernization ports in the Indian Ocean region, are undertaken by China and India respectively. Such developments in the Asia Pacific are projected to fuel the growth of the regional market and may help the region to retain its dominance over the forecast period.
North America is the second most substantial market in the Global Concrete Bonding Agent Market, followed by the Asia Pacific. The U.S is the largest market in this region owing to the presence of well-established key manufacturers, and major end users such as marine industry. Moreover, rapidly increasing reconstruction activities to upgrade the infrastructure of the country in a sustainable manner.
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The Middle East & Africa is another substantial region in the Global Concrete Bonding Agent Market and is anticipated to register a significant growth rate in the coming years due to upcoming major sports events, such as FIFA 2020, which is going to be hold in this region. Apart from this, the region exhibits a huge growth potential due to the swiftly growing construction industry on account heavy political patronage and buttress of the flourishing tourism industry in this region. Lastly, Latin America is likely to join hands with the major region in this market with the countries namely Brazil, Venezuela, and Argentina is regaining their political and economic wellness after the recent turmoil.
Some of the prominent players operating in the Global Concrete Bonding Agent Market are Sika AG (Switzerland), BASF SE (Germany), Fosroc, Inc. (U.K), Mapei S.P.A. (Italy), Saint-Gobain Weber (France), DowDuPont (U.S.), The Euclid Chemical Company (U.S.), The QUIKRETE Companies (U.S.), GCP Applied Technologies Inc (U.S.), and Lafargeholcim (Switzerland), among others..
The Global Concrete Bonding Agent Market has been segmented on the basis of agent, application, and region.
Based on the Agent, the market is classified into cementitious latex based agent and epoxy based agent, and others.
On the Basis of the Application, the market is segmented into repairing, decorative, construction, marine, flooring, and others.
Geographically, the market is across five major regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
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