Concrete Bonding Agents Market, By Agent (Cementitious Latex Based Agents (Acrylic, SBR, Polyvinylacetate (Non Re-emulsifiable, Re-emulsifiable), Epoxy Based Agents, Others)), By Application (Repairing, Flooring, Decorative, Others), By Region (North Amer

Concrete Bonding Agents Market, By Agent (Cementitious Latex Based Agents (Acrylic, SBR, Polyvinylacetate (Non Re-emulsifiable, Re-emulsifiable), Epoxy Based Agents, Others)), By Application (Repairing, Flooring, Decorative, Others), By Region (North America, Europe, Asia, Latin America, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Concrete bonding agents are synthetic and natural compounded materials that are used to enhance the bonding strength of a new concrete structure with the old structure without applying mechanical fasteners. These bonding agents are usually used for repair applications such as bonding new concrete with old or hardened concrete and mixing it with cement repair mortar. This will enhance the strength and maintain the integrity of the old constructed surface.

There are two major types of concrete bonding agents, namely, cementitious latex-based agents and epoxy-based agents. These types of bonding agents are used in various applications such as repairing, flooring, decorative, and marine. Cementitious latex-based agents was the largest segment in the global concrete bonding agents market in 2022 and the trend is expected to remain the same during the forecast period. Population explosion in Asia Pacific is subsequently fueling growth in residential & commercial construction activities emerging economies in Asia Pacific, Latin America, and Africa are fueling demand for these agents in repairing, flooring, and decorative applications. Moreover, due to the high adhesion it impart when applied onto old or hardened concrete and the high compatibility of these agents with Portland cement and other hydraulic cement is a key factor fueling the growth of the global concrete bonding agents market at a CAGR of 8.27% during 2023–2030

Market Dynamics

Most players, especially small-scale companies, in the industrial sector are inclined towards repairing and retrofitting their existing infrastructure, as opposed to investing in setting up new facilities. This scenario is especially prevalent in the emerging economies of India, China, and Brazil, in turn creating a highly conducive environment for the growth of the concrete bonding agents market. Also, major investments made by private and public sector organizations for the repair and restoration of bridges, parking areas, and tunnels, among other public infrastructure provides further impetus for the growth of the market. For instance, the government of Alberta has initiated 2018 a Strategic Transportation Infrastructure Program (STIP), which will commence during the 2020-2022 fiscal year for an estimated budget of US$ 119 million to support the rehabilitation and construction of roads and bridges in Alberta’s smaller municipalities. Furthermore, a further investment of US$ 4.6 billion has been sanctioned by the government for highway expansion, safety upgrades, and large-scale projects such as Edmonton and Calgary Ring Roads.

Asia Pacific, followed by North America and Europe is expected to dominate the market in 2022 and the trend is expected to remain the same during 2023-2030 Continuous infrastructure development and the growing need for building new houses due to the increasing population in China and India results in a major demand for repairing, flooring, and decorative applications. This, in turn, is projected to position Asia Pacific as the largest and fastest-growing region in the global concrete bonding agents market. The market in Latin America is expected to witness a CAGR of 7.5% in terms of value, during the forecast period.

Market Taxonomy

This report segments the global concrete bonding agents market based on agent and application. On the basis of agent, the market is segmented as cementitious latex based agents and epoxy based agents. On the basis of application, the global concrete bonding agents market is segmented as repairing, flooring, decorative and marine. However, repairing is the largest application segment, accounting for over 40% share of the global concrete bonding agents market in 2022, while, decorative is projected to be the fastest growing application segment and expected to grow at a CAGR of 8.2% in terms of revenue during the forecasted period.

Key features of the study:

• This report provides in-depth analysis of the global concrete bonding agents market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2023 – 2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
• It profiles leading players in the global concrete bonding agents market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies and future plans
• Key companies covered as part of this study include 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.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, technology upgrade, market expansion, and marketing tactics
• The global concrete bonding agents market report caters to various stakeholders in this industry, including investors, raw material manufacturer, end-users, distributors, new entrants, and financial analysts
• Stakeholders would greatly benefit in decision making through the various strategy matrices used in analyzing the concrete bonding agents market

Detailed Segmentation:

• Global Concrete Bonding Agents Market, By Agent:
• Cementitious Latex Based Agents
• Acrylic
• SBR
• Polyvinylacetate
• Non-Re-emulsifiable
• Re-emulsifiable
• Epoxy Based Agents
• Others
• Global Concrete Bonding Agents Market, By Application:
• Repairing
• Flooring
• Decorative
• Others
• Global Concrete Bonding Agents Market, By Region:
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Italy
• France
• Russia
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• ASEAN
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East
• GCC
• Israel
• Africa
• North Africa
• Central Africa
• South Africa
• Company Profiles
• Sika AG *
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• Fosroc International Ltd.
• DOW Corning Corporation
• GCP Applied Technologies, Inc.
• The Euclid Chemical Company
• Saint-Gobain Weber S.A.
• Mapei S.P.A.
• BASF SE
• Lafargeholcim
• The DOW Chemical Company
• The Quikrete Companies

“*” marked represents similar segmentation in other categories in the respective section.