Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Concrete Bonding Agent Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Concrete Bonding Agent industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Concrete Bonding Agent industry to benefit clients and increase the market sector. In recent years, the Concrete Bonding Agent industry has offered some of the most significant advantages to medicine. Major players in the Concrete Bonding Agent Market, including DowDuPont (U.S.), The Euclid Chemical Company (U.S.), The QUIKRETE Companies (U.S.), GCP Applied Technologies Inc (U.S.), and Lafargeholcim (Switzerland) and others, are attempting to increase market demand by investing in research and development operations.
BASF SE is a European multinational corporation and the world's largest chemical producer. The company's headquarters are in Ludwigshafen, Germany. BASF has subsidiaries and joint ventures in over 80 countries and runs six integrated manufacturing sites as well as 390 other manufacturing locations throughout Europe, Asia, Australia, the Americas, and Africa. BASF has customers in over 190 countries and serves a wide range of sectors. In 2019, BASF SE, a German firm, purchased the assets of Admixtures, Inc., a US-based company.
These advancements have aided players in the Concrete Bonding Agent Market in broadening their product ranges and strengthening their market positions.
Sika AG, headquartered in Baar, Switzerland, is a Swiss multinational speciality chemical firm that services the building and automotive industries. The company creates and manufactures bonding, sealing, damping, strengthening, and protective systems and products. It currently employs over 27,000 people, has subsidiaries in over 100 countries, and has an annual sales turnover of CHF 10.5 billion. Sika was created in 1910 by Kaspar Winkler, who laid the groundwork for the company. Winkler rose from poverty to become a successful entrepreneur, and by the 1920s, he was already establishing subsidiaries in other countries.
In 2020, Sika AG, a Swiss business, has introduced SikaBond®-130, a new concrete bonding agent.