Product Launches/Developments, Expansions, Agreements, and Mergers and Acquisitions are the Key Development Strategies Adopted by the Leading Market Players to Drive the Global Concrete Bonding Agents Market
The key companies manufacturing concrete bonding agents were mainly involved in the expansions strategy to strengthen their positions in the market from 2011 to 2016, accounting for a 48.0% share. The major players actively participated in enhancing their global reach, while the smaller companies concentrated more on the expansions of their production and distribution facilities between 2011 and 2016.
Mergers & acquisitions was considered the second-most preferred growth strategy by the manufacturers, and accounted for 28.0% of the total development strategies in the global concrete bonding agents market between 2011 and 2016.
Major manufacturers such as Sika AG (Switzerland), Fosroc International Ltd. (U.K), BASF SE (Germany), Saint-Gobain Weber S.A. (France), Mapei S.p.A. (Italy), Dow Construction Chemicals (U.S), LafargeHolcim (Switzerland), The Euclid Chemical Company (U.S), GCP Applied Technologies Inc. (U.S), Dow Corning Corporation (U.S), The Quikrete Companies, Inc. (U.S), among others are profiled in this report. These companies have adopted various organic and inorganic growth strategies such as new product launches/developments, agreements, expansions, joint ventures and mergers & acquisitions.
Sika AG (Switzerland), Fosroc International Ltd. (U.K), BASF SE (Germany), Saint-Gobain Weber S.A. (France), Mapei S.p.A. (Italy) are the most important players in the global concrete bonding agents market. These companies witnessed the highest strategy adoptions in the global concrete bonding agents market, accounting for more than 83.0% of the overall activities from 2011 to 2016.
Sika AG (Switzerland) is the key leader and contributor to the growth of the global concrete bonding agents market. It accounted for a 31.5% share of the total concrete bonding agents market in 2015. The company grew extensively during the last few months, establishing its concrete admixtures production plants in Perth, Australia and Bangkok, Thailand. It also established its new subsidiary in Kuwait to supply high quality concrete admixtures for refurbishment products. The company’s high production capacity and widespread presence has aided it in gaining a major share in the global concrete bonding agents market.
Fosroc International Ltd. (U.K) is another major player that has established a strong foothold in the global concrete bonding agents market. The company has a broad and diversified cementitious based concrete bonding product portfolio, ensuring its consistent growth in the market. The company is focused on both, organic and inorganic growth strategies. It has enhanced its product portfolio with various growth strategies such as mergers & acquisitions, expansions, and new product launches/developments. The company opened a new plant in West Bengal, India, in 2014, which is estimated to produce 20,000 tons of cement and concrete additives a year, mainly to cater to the requirements in the north eastern parts of India as well as Bangladesh and Bhutan.
Related Reports:
Concrete Bonding Agents Market by Agent (Cementitious Latex Based, and Epoxy Based), Application (Repairing, Flooring, Decorative, and Marine) and Region - Global Forecast to 2026
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