Concrete bonding agent Market – Overview
The global concrete bonding agent market is expected to grow at healthy CAGR, some of the factors that fuels the growth of concrete bonding agent market are growing residential construction activities across the globe and increasing non-residential construction such as lodging, office, commercial, healthcare, education, religious, public safety, transportation in developed & developing economies. In addition to this, rising awareness among the good quality concrete material and rising disposable income among the consumers are set to propel concrete bonding agent market growth over the forecast period. Moreover, the major steps taken up by environmental bodies and government towards reducing water pollution may decrease the use of bonding agents in concrete.
Industry/ Innovation/ Related News:
November 2014– The Dow Chemical Company launched a new product which is purely acrylic based, redispersable polymer of powder form. This launch provides Dow to enter dry acrylic powder market which is specially used in exterior insulation finish systems (EIFS) and roof coatings.
October 2016– Akzo Nobel launched a new formaldehyde free, medium thixotropic redispersible polymer powder based on copolymer of vinyl acetate and ethylene. The new ELOTEX ST2410 is providing low emission and used in dry mix motars for indoor applications.
September 2013- A construction chemical in the form of redispersible polymer powder along with culminal and combizell cellulose ethers and Ashland Aquather, a water missible polymers in dry mortars formulations is developed by Ashland.
April 2015- Hexion Inc. developed a new redispersible polymer powder with brand name Axilat HP 8530, specially designed for tile adhesives more flexible, workable and durable. The new product is based on Hexion’s VeoVa vinyl ester with low VOC emission and better adhesion.
March 2016- Synthomer acquired the HEXION performance adhesives & coatings business segment of HEXION Inc. Hexion PAC includes dispersions, additives, powder, coatings and specialty monomers. This acquisition strengthen the company’s position in the performance adhesives and coating market through product development and advanced technology.
January 2015- Dairen Chemical Corporation signed a manufacturing agreement with Ashland Global Holdings to produce redispersible powder products. With this agreement, company is expected to be key provider of products come under AQUAPAS brand.
January 2018- Organic Kimya Company announced to expand the production capacity of redispersible polymer powder by adding a second spray dryer at location Tuzla site. The production capacity would be double its current production capacity and reach 40,000 metric tons by 2020. This expansion would add competitiveness in construction solution business.
Concrete Bonding Agent Global Key Players:-
GCP Applied Technologies
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Concrete bonding agent Manufacturers
The concrete bonding agent manufacturers in the world comprise of the prominent manufacturers along with many small manufacturers. The concrete manufacturers typically enter into monthly contracts with bonding agent manufacturers as any sharp rise in raw material price could impact margins adversely.
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.
There five major regions in which the global concrete bonding agent market is spanned across: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these regions, the Asia Pacific region is growing at the highest rate due to dynamic economic development during the past decade, continuously growing construction industry, along with improving lifestyle of the people. Countries namely India, Japan, South Korea, and China are leading this regional concrete bonding agent market on account of increasing public investment in infrastructure development projects. North America is the second largest region in the global concrete bonding agent market, following the Asia Pacific. The U.S. is the major market in this region due to increasing demand for the product from increasing reconstruction activities in the country. The U.S. is one of the leading markets when it comes to the investment in the marine sector, which is anticipated to favor the concrete bonding agent market in this region. Europe is another substantial region in the global concrete bonding agent market. The U.K, Germany, France, and Italy are the significant contributors to the growth of this regional market. Latin America is gradually reviving from the recent political and economic turmoil and the Middle East & Africa holds a considerable growth potential with the significant presence and growth of the building construction industry in this region.
End-User application Industry
End users application of the concrete bonding agent market includes residential construction and non-construction sector. The residential construction activity is expected to increase across the globe due to growing urbanization, rising disposable income, and rising population. Furthermore, a number of ambitious programs launched by the government of the developing countries in Asia would act as a big push for residential construction activities in the region. However, non-residential construction are commercial and institutional. The commercial construction activities include commercial new construction, commercial replacement, and transportation activities. Demand for good quality concrete in the commercial construction offers a good prospective, which is expected to drive bonding agent market.
Consumer awareness in Asia Pacific region is very low regarding use of construction bonding agent in the construction material. Additionally, most of the contractors present in the region, prefer low cost chemicals to reduce the cost of the construction, which adversely affect the margins for construction bonding agent manufactures. The lack of awareness about the product and low profit margin among consumers and manufacturers are expected to be emerging restraining factors for the market specifically in Asia Pacific region.
- Concrete bonding agent manufacturers
- Traders and distributors of concrete bonding agent
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratory
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