Research Nester’s recent market research analysis on “Concrete Bonding Agents Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global concrete bonding agents market in terms of market segmentation by bonding agent type, application, end-user industry, and by region.
Growth in Number of Old Construction Structure to Boost the Growth of Global Concrete Bonding Agents Market
The global market for concrete building agents is set to grow on account of growth in number of old construction structure. To ensure the longevity of an old building, timely redevelopment is required. Additionally, the frequency of buildings collapsing has increased recently. Over 300 people die annually as a result of an estimated 8 buildings collapsing worldwide each year. Therefore, the usage of concrete bonding agents is expanding in order to reinforce and restore the surface of concrete that currently exists.
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Additionally, over the course of the projection period, it is anticipated that government initiatives to promote the construction of affordable housing would boost market growth for concrete bonding agents. Numerous social housing initiatives have been started by governments around the world, including the Housing for Poor Rural Families Programme, low-rent housing for workers in industrial zones, and low-income urban social housing-local government.

Some of the major growth factors and challenges that are associated with the growth of the global concrete bonding agents market are:
Growth Drivers:
• Rise in Demand for Decorative Interior
• Digital Advancement in Concrete Bonding

Challenges:
The cost of purchasing epoxy resins is significantly higher. This is as a result of how much it cost to make. Although the cost of the production machinery and equipment is higher, these things frequently require more maintenance. This results in the epoxy-based product being more expensive than alternatives. This element typically restricts market growth. In addition, clients frequently choose the less expensive choice even if epoxy-based materials produce greater results. These elements have become the main consumption barrier for concrete bonding agents, which is preventing the market from growing.
By application, the market for concrete bonding agents market is segmented into repairing, flooring, and decorative. Out of these segments, the repairing segment is anticipated to generate the largest share of about 50% over the forecast period. However, the decorative segment is also set to grow. Decorating the interior of one's home has become a hugely popular currently. This is due to consumers' increased ability to purchase luxury goods, which has increased their propensity to do so. In light of this, it is anticipated that the market would expand along with the rise in demand for interior decoration.
By region, the Europe market for concrete bonding segment is set to grow by the end of 2035. The industry is expanding as a result of numerous government programmes targeted at enhancing the infrastructural situation throughout Europe. Additionally, government-sponsored initiatives for urban development and programmes for affordable housing are fostering the market expansion for concrete bonding agents in this region.
This report also provides the existing competitive scenario of some of the key players of the global concrete bonding agents market which includes company profiling of Sika AG, BASF SE, Henkel AG & Co. KGaA, Ardex Group, MAPEI S.p.A., Fosroc, Inc., Laticrete International, Inc., GCP Applied Technologies Inc., W.R. Meadows, Inc., Dayton Superior Corporation, and others.
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https://www.researchnester.com/reports/concrete-bonding-agents-market/5147