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Concrete Bonding Agents Market | Acumen Research and Consulting

Concrete Bonding Agents Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

Published : Mar 2024

Report ID: ARC3564

Pages : 250

Format : Concrete Bonding Agents Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

Summary Table of Content Customization Download Sample Infographics

The Concrete Bonding Agents Market Size accounted for USD 4.3 Billion in 2022 and is projected to achieve a market size of USD 9.2 Billion by 2032 growing at a CAGR of 8.1% from 2023 to 2032.

Concrete Bonding Agents Market Highlights

  • Global concrete bonding agents market revenue is expected to increase by USD 9.2 Billion by 2032, with a 8.1% CAGR from 2023 to 2032
  • North America region led with more than 37% of concrete bonding agents market share in 2022
  • Asia-Pacific concrete bonding agents market growth will record a CAGR of more than 8.8% from 2023 to 2032
  • By bonding agent type, the cementous latex-base segment captured more than 67% of revenue share in 2022.
  • By end use, the residential segment is projected to expand at the fastest CAGR over the projected period
  • Increasing demand for infrastructure development projects globally, drives the concrete bonding agents market value

Concrete Bonding Agents Market Trends

Concrete bonding agents are specialized materials used to enhance the adhesion between new concrete overlays and existing surfaces. They are crucial in construction projects where concrete is being applied onto old, cured concrete or other substrates like masonry, metal, or wood. These agents work by forming a chemical bond between the old and new concrete, ensuring a strong and durable connection. They can also improve the performance of concrete overlays by reducing cracking, improving resistance to chemicals and weathering, and enhancing overall structural integrity.

The market for concrete bonding agents has been experiencing steady growth in recent years, driven by the increasing demand for infrastructure development and renovation projects globally. Factors such as urbanization, population growth, and the need for sustainable construction solutions have further fueled the demand for these agents. Additionally, advancements in technology have led to the development of more effective bonding agents that offer improved performance and ease of application, thereby expanding their usage across various construction applications. With ongoing investments in infrastructure projects and the growing emphasis on durable and high-performance construction materials, the market for concrete bonding agents is expected to continue its upward trajectory in the coming years. 

Global Concrete Bonding Agents Market Trends

Market Drivers

  • Increasing demand for infrastructure development projects globally
  • Technological advancements leading to the development of more effective bonding agents
  • Growing emphasis on sustainable construction solutions
  • Urbanization and population growth driving construction activities
  • Need for durable and high-performance construction chemicals

Market Restraints

  • Fluctuating raw material prices impacting product costs
  • Stringent regulatory standards for construction materials

Market Opportunities

  • Development of eco-friendly and low-VOC bonding agents
  • Innovations in formulations to address specific application needs

Concrete Bonding Agents Market Report Coverage

Market Concrete Bonding Agents Market
Concrete Bonding Agents Market Size 2022 USD 4.3 Billion
Concrete Bonding Agents Market Forecast 2032

USD 9.2 Billion

Concrete Bonding Agents Market CAGR During 2023 - 2032 8.1%
Concrete Bonding Agents Market Analysis Period 2020 - 2032
Concrete Bonding Agents Market Base Year
2022
Concrete Bonding Agents Market Forecast Data 2023 - 2032
Segments Covered By Bonding Agent Type, By Application, By End use, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled BASF SE, Adhesives Technology Corporation (ATC), Fosroc International, ChemCo System Inc., GCP Applied Technologies, Flowcrete Group Ltd, LafargeHolcim, MBCC Group, MAPEI Corporation, The Euclid Chemical Company, and Sika AG.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis
Concrete Bonding Agents Market Dynamics

Concrete bonding agents are specialized materials used to improve the adhesion between new concrete surfaces and existing substrates. These agents play a critical role in construction projects where new concrete overlays need to be applied onto cured concrete, masonry, metal, or wood surfaces. By creating a strong chemical bond between the old and new concrete layers, bonding agents ensure structural integrity and durability of the composite structure. They enhance the performance of concrete overlays by reducing the risk of delamination, cracking, and other forms of deterioration, thereby prolonging the lifespan of concrete structures. The applications of concrete bonding agents are diverse and encompass various sectors of the construction industry. In residential construction, bonding agents are commonly used for repairing and renovating driveways, sidewalks, patios, and other concrete surfaces. They help to create a seamless bond between old and new concrete, ensuring a smooth and durable finish.

The concrete bonding agents market has witnessed robust growth in recent years, fueled by various factors contributing to increased demand and adoption globally. One significant driver of this growth is the escalating infrastructure development activities across both developed and emerging economies. Governments and private investors are investing heavily in the construction of roads, bridges, buildings, and other infrastructure projects, which require reliable bonding solutions to ensure structural integrity and longevity. This sustained investment in infrastructure is expected to continue driving the demand for concrete bonding agents in the foreseeable future. Furthermore, technological advancements have led to the development of more efficient and versatile bonding agents, enhancing their performance and expanding their application areas. Manufacturers are continuously innovating to create products that offer superior adhesion, durability, and resistance to environmental factors such as moisture, chemicals, and temperature variations. These advancements have not only improved the quality of construction but have also increased the confidence of builders and contractors in using bonding agents, further stimulating market growth.Concrete Bonding Agents Market Growth 2023 - 2032

Concrete Bonding Agents Market Segmentation

The global concrete bonding agents market segmentation is based on bonding agent type, application, end use, and geography.

Concrete Bonding Agents Market By Bonding Agent Type

  • Epoxy-Based
  • Cementous Latex-Base

According to the concrete bonding agents industry analysis, the cementous latex-base segment accounted for the largest market share in 2022. One significant driver is the superior bonding performance offered by cementitious latex-based agents compared to traditional bonding methods. These agents combine the adhesive properties of cement with the flexibility and durability of latex, resulting in excellent adhesion to both old and new concrete surfaces. This characteristic makes them highly desirable for a wide range of construction applications, including overlays, repairs, and patching. Moreover, technological advancements have led to the development of cementitious latex-based bonding agents with enhanced properties, such as improved resistance to water, chemicals, and temperature fluctuations. These advanced formulations offer superior performance and durability, making them ideal for demanding construction projects where long-term structural integrity is paramount. Additionally, the ease of application and versatility of cementitious latex-based agents have contributed to their growing popularity among contractors and builders, further driving market growth.

Concrete Bonding Agents Market By Application

  • Repairing
  • Decorative
  • Flooring
  • Others

In terms of applications, the repairing segment is expected to witness significant growth in the coming years. One primary driver is the increasing need for maintenance and repair of aging infrastructure globally. As bridges, roads, buildings, and other structures deteriorate over time, there is a growing demand for effective repair solutions to restore their structural integrity and prolong their service life. Concrete bonding agents play a crucial role in these repair projects by providing strong adhesion between old and new concrete surfaces, ensuring long-lasting repairs. Moreover, advancements in repair technologies and materials have led to the development of innovative concrete bonding agents tailored specifically for repair applications. These agents offer improved bonding strength, durability, and resistance to various environmental factors, making them highly effective in repairing cracks, spalls, and other concrete defects. Additionally, the versatility of concrete bonding agents allows for a wide range of repair applications, including vertical, overhead, and horizontal repairs, further driving their adoption in the repairing segment.

Concrete Bonding Agents Market By End use

  • Residential
  • Industrial
  • Commercial
  • Institutional
  • Others

According to the concrete bonding agents market forecast, the residential segment is expected to witness significant growth in the coming years. One significant driver is the increasing trend towards home renovation and improvement projects, particularly in urban areas where aging infrastructure requires maintenance. Homeowners and contractors alike are turning to concrete bonding agents to enhance the durability and longevity of residential structures, such as driveways, patios, sidewalks, and foundations. These agents provide a reliable solution for repairing concrete surfaces, reducing cracks, and preventing water infiltration, thus ensuring the structural integrity of residential properties. Moreover, the growing popularity of decorative concrete applications in residential construction has further fueled the demand for concrete bonding agents. Decorative overlays, stamped concrete, and stained concrete surfaces are becoming increasingly popular choices for homeowners seeking to enhance the aesthetic appeal of their properties.

Concrete Bonding Agents Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

Concrete Bonding Agents Market Drivers

Concrete Bonding Agents Market Regional Analysis

North America stands out as a dominating region in the concrete bonding agents market due to several key factors. One significant factor is the robust construction industry in countries like the United States and Canada, driven by ongoing infrastructure development projects, commercial construction, and residential building activities. These nations have well-established construction sectors that demand high-quality materials for various projects, including bridges, highways, buildings, and residential developments. Concrete bonding agents play a crucial role in ensuring the durability and longevity of these structures, thus driving their demand in the region. Moreover, North America benefits from a mature market for construction chemicals and materials, including concrete bonding agents. The region has a strong network of manufacturers, suppliers, and distributors, providing easy access to a wide range of bonding agents for construction professionals. Additionally, stringent regulatory standards and building codes in North America mandate the use of approved construction materials to meet safety and quality requirements. As a result, manufacturers in the region focus on producing high-performance concrete bonding agents that comply with these standards, further reinforcing North America's dominance in the market.

Concrete Bonding Agents Market Player

Some of the top concrete bonding agents market companies offered in the professional report include BASF SE, Adhesives Technology Corporation (ATC), Fosroc International, ChemCo System Inc., GCP Applied Technologies, Flowcrete Group Ltd, LafargeHolcim, MBCC Group, MAPEI Corporation, The Euclid Chemical Company, and Sika AG.

Frequently Asked Questions

How big is the concrete bonding agents market?

The concrete bonding agents market size was USD 4.3 Billion in 2022.

What is the CAGR of the global Concrete Bonding Agents Market from 2023 to 2032?

The CAGR of concrete bonding agents is 8.1% during the analysis period of 2023 to 2032.

Which are the key players in the Concrete Bonding Agents Market?

The key players operating in the global market are including BASF SE, Adhesives Technology Corporation (ATC), Fosroc International, ChemCo System Inc., GCP Applied Technologies, Flowcrete Group Ltd, LafargeHolcim, MBCC Group, MAPEI Corporation, The Euclid Chemical Company, and Sika AG.

Which region dominated the global concrete bonding agents market share?

North America held the dominating position in concrete bonding agents industry during the analysis period of 2023 to 2032.

Which region registered fastest CAGR from 2023 to 2032?

Asia-Pacific region exhibited fastest growing CAGR for market of concrete bonding agents during the analysis period of 2023 to 2032.

What are the current trends and dynamics in the global concrete bonding agents industry?

The current trends and dynamics in the concrete bonding agents industry include increasing demand for infrastructure development projects globally, technological advancements leading to the development of more effective bonding agents, and growing emphasis on sustainable construction solutions.

Which application held the maximum share in 2022?

The repairing application held the maximum share of the concrete bonding agents industry.

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