NEW YORK, Nov. 14, 2016 /PRNewswire/ -- "Preference for repairing existing infrastructures rather than constructing new ones, is driving the growth of the global concrete bonding agents market"The global concrete bonding agents market is projected to reach USD 3.84 billion by 2021, at a CAGR of 7.6%. The market is projected to grow at a CAGR of 6.3% and reach 5,736.3 KT by 2021 by volume. The growing urbanization, and rising incomes of the middle class population has led to people opting for luxurious residential and commercial structures, which is driving the growth of the concrete bonding agents market in the Asia-Pacific region. Moreover, high investments made in the buildings and infrastructural sector to accommodate the requirements of the modernized population, will further boost the growth of the concrete bonding agents market. But poor and inadequate workmanship and the lack of awareness regarding the choice of raw materials used in repairs, are the major restraining factors in the growth of the concrete bonding agents market globally. Cementitious latex based: The fastest growing agent of concrete bonding agents The cementitious latex based concrete bonding agent was the fastest-growing agent in the concrete bonding agents market in 2015. The rapid growth of cementitious latex based agents is attributed to its excellent compatibility with the concrete admixtures and the significant strength it imparts to bond the old to the new concrete. Cementitious latex based agents employ a variety of polymeric resins such as acrylic, styrene butadiene (SBR), and Polyvinyl acetate (PVA) which increase the flexibility and durability of the concrete overlay and provide appreciable adhesion properties. These are also easily available, and at lower cost than the epoxy based concrete bonding agents.