CONCRETE BONDING AGENTS MARKET ANALYSIS
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 agent’s market segment dominated the market of concrete bonding agents in 2022, according to the stats provided by Coherent Market Insights in 2022. Cementitious-based latex agents are gaining traction over epoxy-based agents due to their relatively low cost. Furthermore, cementitious latex-based agents comprise many polymeric resins such as styrene-butadiene rubber (SBR), acrylics, and polyvinyl acetate (PVA), which helps in enhancing the durability and flexibility of the concrete overlay and thus, provides substantial adhesion properties to the existing concrete structure. This, in turn, is fueling the growth of the global concrete bonding agents market.
The global concrete bonding agents market was valued at US$ 2,773.5 million and 4,287.7 kilo tons in 2022 and is estimated to expand at a CAGR of 8.25% in terms of revenue and 5.6% in terms of volume during 2023–2030.
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