Market Dynamics and Innovations in Concrete Bonding Agents: A Comprehensive Analysis

Concrete Bonding Agents Market is in Trends Due to Growing Infrastructure Development

The concrete bonding agents market comprises cement-based formulations and acrylic or epoxy resin-based formulations. Concrete bonding agents are used for repair and rehabilitation of existing concrete structures. They provide strong adhesion between old and new concrete as well as between concrete surfaces and various construction materials. Cement-based concrete bonding agents are mostly used for repairing cracks, setting inserts or anchors, fixing loose tiles or stones, and bonding new concrete to old surfaces. On the other hand, epoxy-based bonding agents are suitable for repairing heavier loads or chemical resistance structures. They are durable, water resistant, and have high bond strength.

The Global concrete bonding agents market is estimated to be valued at US$ 2,773.5 Mn in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the Concrete Bonding Agents are Sika AG, Fosroc International Ltd., BASF SE, Saint-Gobain Weber S.A., Mapei S.p.A., Dow Construction Chemicals, Lafarge Holcim, The Euclid Chemical Company, GCP Applied Technologies Inc, Dow Corning Corporation, and The Quikrete Companies, Inc.

The growing infrastructure development activities across the globe are fueling the demand for concrete bonding agents in construction applications. Rapid urbanization and increasing investments in transportation and building construction projects are some of the major demand driving factors.

Geographical expansion into emerging economies of Asia Pacific and Latin America by major players is helping to tap the immense growth opportunities in developing countries characterized by a large construction industry.

Market key trends

The trend of repair and retrofitting of aging infrastructure is contributing significantly to the adoption of concrete bonding agents. Old structures require rehabilitation