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Concrete Bonding Agents Market Size & Share, By Bonding Agent Type (Cementous Latex-Base, Epoxy-Based), Application (Repairing, Flooring, Decorative), End-Use (Residential, Commercial, Industrial, Institutional), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Report ID: FBI 2915

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Published Date: May-2024

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Format : PDF, Excel

Market Outlook:

Concrete Bonding Agents Market size exceeded USD 4.74 Billion in 2023 and is predicted to cross USD 9.45 Billion by 2032, growing at over 8.5% CAGR between 2024 and 2032.

Base Year Value (2023)

USD 4.74 Billion

19-23 x.x %
24-32 x.x %

CAGR (2024-2032)

8.5%

19-23 x.x %
24-32 x.x %

Forecast Year Value (2032)

USD 9.45 Billion

19-23 x.x %
24-32 x.x %
Concrete Bonding Agents Market

Historical Data Period

2019-2023

Concrete Bonding Agents Market

Largest Region

North America

Concrete Bonding Agents Market

Forecast Period

2024-2032

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Market Dynamics:

Growth Drivers & Opportunity:

1. Growing construction industry: The increasing demand for residential, commercial, and infrastructure development projects is a major growth driver for the concrete bonding agents market. The use of concrete bonding agents in various construction activities such as repairs, renovations, and new construction projects is expected to drive market growth.

2. Infrastructure development: Governments and private organizations are investing significantly in infrastructure development, including roads, bridges, tunnels, and dams. This is creating a demand for concrete bonding agents, as they are essential for ensuring the structural integrity and longevity of these projects.

3. Increasing urbanization: Rapid urbanization is leading to the construction of new buildings and structures, as well as the renovation and repair of existing infrastructure. This trend is expected to boost the demand for concrete bonding agents, as they are integral to maintaining the strength and durability of concrete structures in urban environments.

4. Technological advancements: Ongoing research and development efforts in the construction industry are leading to the introduction of advanced concrete bonding agents with improved bonding capabilities, durability, and resistance to various environmental factors. These advancements are expected to create new opportunities for market growth.

Report Scope

Report CoverageDetails
Segments CoveredBonding Agent Type, Application, End Use
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledBASF, Bostik, DowDuPont, Euclid Chemical, Evonik Industries, Fischer Spezialbaustoffe, Fosroc International, GCP Applied Technologies, ITW Polymers Sealants North America, LafargeHolcim, MAPEI, Quikrete Companies, Saint-Gobain Weber, Sakrete, Sika AG

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Industry Restraints:

1. Environmental regulations: The concrete bonding agents market is being constrained by stringent environmental regulations pertaining to the use and disposal of chemical-based bonding agents. Manufacturers are under pressure to develop eco-friendly products that comply with regulatory standards, which can impact the availability and cost of concrete bonding agents.

2. High cost of advanced products: Advanced concrete bonding agents with superior performance characteristics often come at a higher cost, which can limit their adoption, particularly in cost-sensitive construction projects. The affordability of these products and their value proposition compared to conventional bonding agents remain key challenges for market growth.

3. Volatility in raw material prices: The concrete bonding agents market is influenced by the fluctuating prices of raw materials, such as resins, additives, and chemical compounds. Price volatility can directly impact production costs and product pricing, affecting the overall market dynamics and competitiveness of concrete bonding agents.

Regional Forecast:

Concrete Bonding Agents Market

Largest Region

North America

38% Market Share in 2023

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North America:

The North American concrete bonding agents market is expected to witness significant growth due to the increasing infrastructure development and renovation activities in the region. The United States and Canada are the key countries driving the demand for concrete bonding agents. The growing demand for residential and commercial construction projects is also contributing to the market growth in this region.

Asia Pacific:

The Asia Pacific region, including China, Japan, and South Korea, is witnessing rapid urbanization and industrialization, leading to substantial investments in infrastructure development. This trend is expected to drive the demand for concrete bonding agents in the region. China, in particular, is experiencing robust growth in the construction sector, which is expected to fuel the market for concrete bonding agents in the country.

Europe:

In Europe, countries such as the United Kingdom, Germany, and France are witnessing steady demand for concrete bonding agents due to ongoing construction activities and infrastructure development projects. The growing emphasis on sustainable and durable construction materials is also driving the market for concrete bonding agents in the region. Additionally, stringent regulations regarding construction quality and safety are expected to propel the market growth in Europe.

Overall, the concrete bonding agents market is witnessing significant growth across North America, Asia Pacific, and Europe, driven by increasing construction activities and infrastructure development in these regions. The demand for high-performance concrete bonding agents is expected to continue to rise as construction companies and infrastructure developers prioritize long-term durability and structural integrity.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Concrete Bonding Agents Market
Concrete Bonding Agents Market

Segmentation Analysis:

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In terms of segmentation, the global concrete bonding agents market is analyzed on the basis of Bonding Agent Type, Application, End Use .

Bonding Agent Type

The market for concrete bonding agents can be categorized based on the type of bonding agent used in the construction industry. Bonding agents are essential in promoting adhesion between new and existing concrete surfaces. The types of bonding agents commonly used in the market include cementitious bonding agents, epoxy-based bonding agents, acrylic bonding agents, and polyurethane bonding agents. Each type offers different characteristics and performance, making them suitable for various applications in the construction industry.

Application

The application segment in the concrete bonding agents market refers to the diverse range of uses for these bonding agents in construction projects. Concrete bonding agents are commonly applied to repair and bond new concrete to existing concrete surfaces, enhancing the overall durability and strength of the structure. They are also utilized in vertical, overhead, and horizontal applications, including concrete overlays, bonding of precast concrete elements, and surface treatments. Additionally, concrete bonding agents find use in repairing and restoring deteriorated concrete structures, offering a cost-effective and efficient solution to extend the service life of existing infrastructure.

End Use

The end use segment of the concrete bonding agents market highlights the various industries and sectors that utilize bonding agents in their construction and infrastructure projects. Some of the key end-use industries that extensively use concrete bonding agents include residential construction, commercial construction, industrial construction, and infrastructure development. Concrete bonding agents play a crucial role in ensuring the longevity and structural integrity of buildings, bridges, roads, airports, and other civil engineering structures, catering to the specific needs and requirements of each end-use sector.

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Competitive Landscape:

The competitive landscape in the Concrete Bonding Agents Market is highly fragmented, with a large number of players vying for market share. The market is witnessing intense competition due to the presence of several regional and global players. Key strategies employed by these companies include product innovation, strategic partnerships, and mergers and acquisitions to gain a competitive edge. The market is also characterized by the presence of several small and medium-sized players, who are focusing on offering cost-effective solutions to gain a competitive advantage.

Top Market Players:

1. SIKA AG

2. BASF SE

3. Fosroc International Ltd.

4. Mapei Construction Products

5. The DOW Chemical Company

6. Saint-Gobain Weber

7. GCP Applied Technologies Inc.

8. Henkel AG & Co. KGaA

9. Larsen Building Products

10. LATICRETE International, Inc.

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Concrete Bonding Agents Market Size & Share, By Bo...

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