Global Concrete Bonding Agent Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

Concrete Bonding Agent Market Analysis

Decorative concrete refers to the use of concrete as a creative and aesthetically pleasing building material, often enhanced with colors, patterns, textures, or overlays to achieve decorative effects. The concrete bonding agent market ensures the successful application and adhesion of decorative elements to existing concrete surfaces. They enable the secure bonding of decorative overlays, stains, coatings, and stamped patterns to the substrate, ensuring durability and resistance to wear and weathering. This application of bonding agents allows for the creation of decorative concrete floors, countertops, driveways, patios, and other architectural features that enhance the visual appeal and value of residential, commercial, and public spaces.  

Concrete Bonding Agent Market Size

The global concrete bonding agent market size was valued at USD 4.72 billion in 2023 and is projected to reach USD 9.27 billion by 2031, with a CAGR of 8.80% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Concrete Bonding Agent Market Definition

A concrete bonding agent is a substance applied to existing concrete surfaces before new concrete is poured or applied. It enhances the adhesion between old and new concrete layers, ensuring a strong bond and preventing separation or delamination. Bonding agents typically improve the durability and structural integrity of concrete structures by promoting a reliable bond that withstands stress, weathering, and other environmental factors.

Concrete Bonding Agent Market Dynamics

Drivers

• Growing Construction Industry

As construction activities expand globally, there is an increasing need for reliable solutions that enhance the durability and performance of concrete structures. Concrete bonding agents play a crucial role in ensuring strong adhesion between new and existing concrete surfaces, thereby supporting various construction applications such as repairs, renovations, and new infrastructure projects. With rising urbanization and population growth driving demand for residential, commercial, and industrial developments, the use of bonding agents is essential to maintain structural integrity, improve longevity, and meet regulatory standards for building safety and sustainability.

• Rapid Urbanization

As cities expand to accommodate increasing populations, there is a growing need for infrastructure development, including new construction and renovation projects. Concrete bonding agents play a crucial role in ensuring the durability and longevity of these structures by enhancing the adhesion between old and new concrete layers. They enable efficient repair and maintenance of existing infrastructure, such as bridges, roads, and buildings, which are essential in urban environments experiencing constant wear and tear. Urbanization drives demand for decorative concrete applications in residential and commercial spaces, where bonding agents enable the creation of aesthetically pleasing and durable architectural features.

Opportunities

• Growing Innovations in Bonding Agent Formulations

Advanced formulations focus on enhancing adhesion strength, durability, and environmental sustainability. For example, eco-friendly bonding agents reduce environmental impact while meeting regulatory standards. Innovations also target specific construction challenges, such as bonding to diverse substrates or improving resistance to harsh environmental conditions. Additionally, developments in nanotechnology enable bonding agents to penetrate deeper into concrete surfaces, enhancing overall bond strength and longevity. These innovations attract new applications in infrastructure, residential, and commercial sectors and stimulate market growth by offering superior solutions that meet evolving industry needs.

• Increasing Infrastructure Development

As countries invest in expanding their infrastructure, including roads, bridges, tunnels, and public utilities, there is a growing demand for durable and high-performance concrete solutions. Concrete bonding agents play a crucial role in ensuring the structural integrity and longevity of these infrastructure projects by enhancing the adhesion between new and existing concrete surfaces. They help mitigate issues such as cracking, delamination, and corrosion, thereby extending the lifespan of infrastructure assets. This trend is fueled by government initiatives, urbanization, and the need for sustainable construction practices, driving the market for advanced bonding agent technologies.

Restraints/Challenges

• High Regulatory Challenges

Regulatory frameworks vary widely across regions, imposing stringent requirements for product safety, environmental impact, and performance standards. Compliance with these regulations often necessitates extensive testing, certification, and documentation, which can increase costs and time-to-market for manufacturers. Moreover, differing regulatory standards between countries or states can create barriers to market entry and expansion. These regulatory complexities pose challenges in maintaining product consistency and innovation while meeting diverse market demands effectively.  

• Growing Price Sensitivity

Higher prices for advanced bonding agents can deter adoption, especially in markets where budget constraints are pronounced. This restraint is exacerbated by the need for substantial quantities of bonding agents in infrastructure projects, potentially escalating overall project costs. Manufacturers may face challenges in balancing the development of high-performance bonding agents with cost-efficiency, impacting their competitiveness. Moreover, price-sensitive markets may prioritize lower-cost alternatives or traditional methods over innovative bonding agents, limiting market growth and adoption rates.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In May 2023, Sika Group successfully finalized the acquisition of MBCC Group, a strategic move aimed at enhancing the company's sustainable transformation in the construction sector. This acquisition is expected to bolster Sika's position in the concrete bonding agents market
• In May 2022, Euclid Chemical Company acquired Chryso's North American cement grinding aids and additives business. The acquisition aims to improve cement performance and reduce CO2 emissions during production, aligning with sustainability goals
• In April 2022, Euclid Chemical Company further strengthened its presence in the North American construction industry by acquiring Chryso's cement grinding aids and additives business. This acquisition enhances Euclid's capabilities in providing advanced solutions for concrete and masonry construction
• In August 2021, Sika AG launched an innovative concrete repair solution designed to offer long-term protection for buildings while significantly reducing CO2 emissions. This new product sets a benchmark for low environmental impact in concrete repair solutions
• In January 2020, Euclid Chemical Company launched three new concrete bonding agent products: Eucoweld 2.0, Level Top PC-AGG, and an improved Kurez DR VOX. These products aim to enhance the performance and durability of concrete in construction projects

Concrete Bonding Agent Market Scope

The market is segmented on the basis of agent and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Agent

• Cementitious Latex Based Agents
• Epoxy Based Agents

Application

• Repairing
• Decorative
• Flooring
• Marine

Concrete Bonding Agent Market Analysis

The market is analyzed and market size insights and trends are provided by agent and application as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.

Asia-Pacific dominates the market due to the rising demand for repair and restoration of existing buildings. The need for maintenance and refurbishment in the region is driving this growth. Specifically, China is expected to dominate the market because of the high compatibility of concrete bonding agents with Portland and other hydraulic cements, facilitating their widespread use.         

North America is expected for growth due to increasing investments in luxury residential and commercial projects. The United States, in particular, is anticipated to lead this expansion due to ongoing urbanization trends and rising disposable incomes among its populace. These factors are expected to stimulate demand for high-end construction, including luxury homes and commercial properties, thereby driving the overall construction market growth in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Concrete Bonding Agent Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Some of the major players operating in the market are:

• Evonik Industries AG (Germany)
• Arkema (France)
• Hexion (U.S.)
• Huntsman International LLC (U.S.)
• BASF SE (Germany)
• KUKDO CHEMICAL CO., LTD.  (South Korea)
• Bostik (France)
• H.B. Fuller Company (U.S.)
• Sika AG (Switzerland)
• Freudenberg SE (Germany)
• Aditya Birla Chemicals (Thailand) Pvt. Ltd (India)
• Mitsubishi Chemical Corporation (Japan)
• DOW (U.S.)
• SOLVAY (Belgium)
• Air Products, Inc. (U.S.)
• Momentive (U.S.)

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