According to the report by Expert Market Research (EMR), the global concrete bonding agents market size is projected to grow at a CAGR of 5.80% between 2024 and 2032. Aided by rising demand to repair old constructions and inflating disposable incomes, the market is expected to grow significantly by 2032.
Concrete bonding agents are adhesive materials used to create a bond between an existing concrete surface and the new concrete layer. These agents are widely utilised in the construction industry due to their ability to improve the durability and integrity of concrete structures. They are essential for various applications, including repairing, resurfacing, and renovating concrete structures and surfaces.
One of the most significant concrete bonding agents market trend is the escalating infrastructure and construction activities around the world. With burgeoning urbanisation and population growth, the demand for new residential and commercial structures is increasing. Governments and private sector participants are investing heavily in infrastructure projects, such as airports, highways, and bridges. These activities invariably increase the demand for concrete bonding agents, as they play a critical role in ensuring the durability and strength of concrete structures.
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Advancements in concrete technology have resulted in the development of innovative and high-performance bonding agents. These enhanced products offer superior bonding strength, resistance to water and chemicals, and improved durability. The availability of these advanced products is encouraging construction professionals to opt for concrete bonding agents in various construction and renovation projects, thereby fuelling the concrete bonding agents market growth.
With the growing awareness about environmental sustainability, the construction industry is increasingly focusing on sustainable practices and materials. Concrete bonding agents play a role in this trend, as they can significantly extend the life of concrete structures and reduce the need for new materials. This quality aligns with the goals of sustainable and green construction, making concrete bonding agents a desirable choice for eco-conscious construction projects.
The Asia Pacific region is expected to remain at the forefront of the concrete bonding agents market, driven by booming construction activities in countries like China, India, and Southeast Asian nations. North America and Europe are also significant markets, with steady demand driven by renovation and repair activities in the ageing infrastructure.
In the Middle East and Africa region, extensive infrastructure development projects, coupled with a growing emphasis on modern, sustainable building practices, are expected to contribute to the concrete bonding agents market expansion.
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Concrete Bonding Agents Market Segmentation
The market can be divided based on product type, method, application, and region.
Market Breakup by Product Type
- Cementitious Latex Based
- Epoxy Based
Market Breakup by Method
- Manual
- Spraying
- Pouring
Market Breakup by Application
- Repairing
- Marine
- Decorative
- Flooring
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global concrete bonding agents market. Some of the major players explored in the report by Expert Market Research are as follows:
- Sika AG
- BASF SE
- Quikrete Holdings, Inc.
- The Euclid Chemical Company
- Dow Chemical Company
- Fosroc, Inc.
- Others
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