CONCRETE BONDING AGENTS MARKET ANALYSIS

Regional Analysis

• By Region: North America, Europe, Asia, Latin America, Middle East, Africa

Regional Insights

Asia Pacific, followed by North America and Europe, respectively accounted for a major share of the global concrete bonding agents market both in terms of revenue and volume in 2022 and the trend is estimated to remain the same over the forecast period. In 2022, Asia Pacific held a market share of 50.3% in terms of value in the global concrete bonding agents market. Demand for repairing, flooring, and decorative activities in Asia Pacific is gaining unparalleled traction due to the flourishing building & construction sector, and the region emerging as a major economic hub has led to increasing development of commercial and industrial buildings. This, in turn, has positioned Asia Pacific as the growth engine for the global concrete bonding agents market over the forecast period. According to a study conducted by Coherent Market Insights in 2022, the Asia Pacific region is expanding at a CAGR of 8.1% in the global concrete bonding agents market during the forecast period. Growing urbanization and increasing construction activities especially in emerging economies of India and China are major factors fueling demand for effective repairing works, flooring, and decorative activities, subsequently fueling the growth of the global concrete bonding agents market in the region. For instance, as per statistics released in 2022 by India Brand Equity Foundation (IBEF)—a Trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India—the Indian government plans to invest US$ 376.53 billion in infrastructure development over the following three years.