Concrete Bonding Agent Market Synopsis

Concrete Bonding Agent Market Size is Valued at USD 4.72 Billion in 2023, and is Projected to Reach USD 9.27 Billion by 2032, Growing at a CAGR of 8.80% From 2024-2032.

It is an express reflection in the current concrete bonding agent market that continues to post steady growth, mainly driven by the expansion of construction-related works, particularly in the growth economies. Every concrete bonding agent is essential when conducting repairs and renovations involving new concrete surfaces and old ones, making sure they firmly bond together because repairs, renovations, and overlaying projects require perfect bonding so that client can get his or her expected strength and durability. They are epoxy-based, latex-based and other forms, which have different characteristics that enable different uses. Expanding demand for infrastructure construction and development, residential use and building processes, and industrial growth also promotes the need for reliable bonding systems.

•  Latex based bonding agents are most commonly used in the world market because they are cheap, very flexible and easy to use.. Epoxy based agents are also on the rise especially those used in high strength and demanding or chemical environments. The market has been segmented through applications which include repair, flooring, decorative coatings and others. The repair and renovation segment is the largest due to growth in eco-friendly construction and the continuous extension and improvement of existing structures.
• The Asia-Pacific region dominates the global market geographically due to an increasing construction sector, especially in emerging countries like China and India, coupled with increasing urban population and government infrastructural development. Indeed, there are a great many customers in North America and Europe, especially for industrial and commercial renovation. As construction consumers seek for environmentally sound construction materials and solutions, the key players in the market are focusing their efforts in developing superior performance, environmental friendly bonding agents.

Concrete Bonding Agent Market Trend Analysis

Rising Demand for Eco-Friendly Bonding Agents

• As the concern about the environmental effect of concrete construction increases, the need for new sustainable concrete bonding agents is expected to grow. Due to the rising trend of green building in many construction projects, manufacturers are now working hard to derive bonding agents that are bio based or renewable and contain low VOC levels. These products help in mitigating emissions, improving indoor environmental quality and aiding qualifying for LEED certifications. Continuing campaigns for environmental regulations and CORPORATE SOCIAL RESPONSIBILITY in construction industry will also give momentum to market of sustainable bonding agents in future.
• Also, an emphasis is placed on investing in related research and development in an attempt to create new, low impact bonding agents, that will still offer the best possible performance. They are growing in popularity in both the residential and commercial construction sector as the construction parties consider materials that are in line with international climate requirements. This trend is strong in areas like North America and Europe due to environmental consciousness for sustainable products coupled with policies on the same.

Increasing Use of High-Performance Bonding Agents in Infrastructure Repair

• They found that high-performance concrete bonding agents, with features of better adhesion, enhanced durability, and superior capability of resisting severe conditions are in demand since there is growing emphasis on infrastructure repair and maintenance. Fluctuating climate and degrading structures have urged people in the North American and European countries, who require permanent repair solutions. Long-term development bindings such as the ones that demand high strength adhesives for building applications, tunnels, bridges, road constructions and elaborate industrial structures have expanded the use of high performance bonding agents with emphasis on epoxy formulations.
• The bonding agent market has new opportunities to evolve, as governments from around the world invest large sums into construction and repair of infrastructure. For instance, in the United States, the Infrastructure Investment and Jobs Act has provided billions to reinstate roads, bridges, and water systems; indeed, the advanced bonding agents will have to be used. These materials ensure that restorations last long, hence minimizing the requirement for maintainance and further cutting the costs of administrational and business restorations for the public and private investors.

Concrete Bonding Agent Market Segment Analysis:

Concrete Bonding Agent Market Segmented on the basis of By Agent, and By Application

By Agent, Cementitious Latex Based Agents segment is expected to dominate the market during the forecast period

• In general, we separate the market for concrete bonding agents into two segments. As with epoxy-based agents and cementitious latex-based agents, etc. The advantages attributed to cementitious latex-based agents include cost-efficiency, ease of application and suitability for a wide range of applications. These agents are helpful in residential and commercial construction more so in building construction due to its performance in enhancing bond between old and new concrete hence enhancing durability of repair and overlay work.They are the best suited scenarios when the work demand accurate bonding at moderate prices.
• On the other hand epoxy based agents are ideal in industrial and high performance uses since they can bond strongly , resistant to corroting and very durable. Individuals often use epoxy based bonding agents in situations like; chemical plants or areas of high traffic that require durable bonds. Although epoxy-based bonding agents are expensive compared to latex-based agents, industrial sectors are patronizing epoxy-based bonding agents because of their excellent performance under stress.

  By Grade, Decorative segment held the largest share in 2024

• Marine, decorative, flooring, and repair options and others categorically highly split the global concrete bonding agent market. Bonding agents play an effective role in concrete restoration since they enhance the bond between old and new concrete resulting to the durability of flew, repairs, resurfacing and patching among others. These agents are commonly used by contractors in infrastructure renovation projects as a means of rejuvenating outdated structures and carriageways, bridges, among others. In this regard, bonding agents are also quite useful as overlays and coatings due to beautification of concrete surfaces.
• Flooring employs concrete bonding agents in anchoring strata and enhancing the bond where durability and abrasion resistance are desirable in, say, commerce and industry settings. Meanwhile marine uses of concrete bonding agents are growing due to their effective hard wearing properties such as tolerance of temperature variations and saline conditions. These agents thus respond well both in corrosion protection and longevity by providing strong adhesion in underwater constructions, piers and harbors.

Concrete Bonding Agent Market Regional Insights:

North America is expected for growth due to increasing investments in luxury residential and commercial projects. 

• North America is foreseen to have a considerable growth rate in concrete bonding agency due to the increased number of investments in high-rise and high-end residential and commercial buildings. Demand for material quality that enhancing durability and strength of concrete structures; The demand for higher quality concrete structures is felt strongly in urban real estate. In luxury form developments, bigbox refurbishments, floor embedments and structures restorations, concrete adhesion promoters should be used to ensure the high bond strengths of new and old concrete surfaces.
• Hence, it confirmed that in North America, increasing adoption of sustainable construction practices and luxury buildings is providing the impetus for more refined bonding solutions. The trend of using energy efficient and durability oriented construction material to the region fully supports and correlates with the use of environment friendly and high performance bonding agents. The trend that up comes is that steadily market players are gradually developing new products that meet the new needs of the construction of residential and commercial areas in the region.

Active Key Players in the Concrete Bonding Agent Market

• 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), other Active Players

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Concrete Bonding Agent Market by Agent
 4.1 Concrete Bonding Agent Market Snapshot and Growth Engine
 4.2 Concrete Bonding Agent Market Overview
 4.3 Cementitious Latex Based Agents
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Cementitious Latex Based Agents: Geographic Segmentation Analysis
 4.4 Epoxy Based Agents
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Epoxy Based Agents: Geographic Segmentation Analysis

Chapter 5: Concrete Bonding Agent Market by Application
 5.1 Concrete Bonding Agent Market Snapshot and Growth Engine
 5.2 Concrete Bonding Agent Market Overview
 5.3 Repairing
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Repairing: Geographic Segmentation Analysis
 5.4 Decorative
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Decorative: Geographic Segmentation Analysis
 5.5 Flooring
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Flooring: Geographic Segmentation Analysis
 5.6 Marine
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Marine: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Concrete Bonding Agent Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 EVONIK INDUSTRIES AG (GERMANY)
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 ARKEMA (FRANCE)
 6.4 HEXION (U.S.)
 6.5 HUNTSMAN INTERNATIONAL LLC (U.S.)
 6.6 BASF SE (GERMANY)
 6.7 KUKDO CHEMICAL CO LTD (SOUTH KOREA)
 6.8 BOSTIK (FRANCE)
 6.9 H B FULLER COMPANY (U.S.)
 6.10 SIKA AG (SWITZERLAND)
 6.11 FREUDENBERG SE (GERMANY)
 6.12 OTHER ACTIVE PLAYERS

Chapter 7: Global Concrete Bonding Agent Market By Region
 7.1 Overview
 7.2. North America Concrete Bonding Agent Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Agent
  7.2.4.1 Cementitious Latex Based Agents
  7.2.4.2 Epoxy Based Agents
  7.2.5 Historic and Forecasted Market Size By Application
  7.2.5.1 Repairing
  7.2.5.2 Decorative
  7.2.5.3 Flooring
  7.2.5.4 Marine
  7.2.6 Historic and Forecast Market Size by Country
  7.2.6.1 US
  7.2.6.2 Canada
  7.2.6.3 Mexico
 7.3. Eastern Europe Concrete Bonding Agent Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Agent
  7.3.4.1 Cementitious Latex Based Agents
  7.3.4.2 Epoxy Based Agents
  7.3.5 Historic and Forecasted Market Size By Application
  7.3.5.1 Repairing
  7.3.5.2 Decorative
  7.3.5.3 Flooring
  7.3.5.4 Marine
  7.3.6 Historic and Forecast Market Size by Country
  7.3.6.1 Bulgaria
  7.3.6.2 The Czech Republic
  7.3.6.3 Hungary
  7.3.6.4 Poland
  7.3.6.5 Romania
  7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Concrete Bonding Agent Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Agent
  7.4.4.1 Cementitious Latex Based Agents
  7.4.4.2 Epoxy Based Agents
  7.4.5 Historic and Forecasted Market Size By Application
  7.4.5.1 Repairing
  7.4.5.2 Decorative
  7.4.5.3 Flooring
  7.4.5.4 Marine
  7.4.6 Historic and Forecast Market Size by Country
  7.4.6.1 Germany
  7.4.6.2 UK
  7.4.6.3 France
  7.4.6.4 Netherlands
  7.4.6.5 Italy
  7.4.6.6 Russia
  7.4.6.7 Spain
  7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Concrete Bonding Agent Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Agent
  7.5.4.1 Cementitious Latex Based Agents
  7.5.4.2 Epoxy Based Agents
  7.5.5 Historic and Forecasted Market Size By Application
  7.5.5.1 Repairing
  7.5.5.2 Decorative
  7.5.5.3 Flooring
  7.5.5.4 Marine
  7.5.6 Historic and Forecast Market Size by Country
  7.5.6.1 China
  7.5.6.2 India
  7.5.6.3 Japan
  7.5.6.4 South Korea
  7.5.6.5 Malaysia
  7.5.6.6 Thailand
  7.5.6.7 Vietnam
  7.5.6.8 The Philippines
  7.5.6.9 Australia
  7.5.6.10 New Zealand
  7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Concrete Bonding Agent Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Agent
  7.6.4.1 Cementitious Latex Based Agents
  7.6.4.2 Epoxy Based Agents
  7.6.5 Historic and Forecasted Market Size By Application
  7.6.5.1 Repairing
  7.6.5.2 Decorative
  7.6.5.3 Flooring
  7.6.5.4 Marine
  7.6.6 Historic and Forecast Market Size by Country
  7.6.6.1 Turkey
  7.6.6.2 Bahrain
  7.6.6.3 Kuwait
  7.6.6.4 Saudi Arabia
  7.6.6.5 Qatar
  7.6.6.6 UAE
  7.6.6.7 Israel
  7.6.6.8 South Africa
 7.7. South America Concrete Bonding Agent Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Agent
  7.7.4.1 Cementitious Latex Based Agents
  7.7.4.2 Epoxy Based Agents
  7.7.5 Historic and Forecasted Market Size By Application
  7.7.5.1 Repairing
  7.7.5.2 Decorative
  7.7.5.3 Flooring
  7.7.5.4 Marine
  7.7.6 Historic and Forecast Market Size by Country
  7.7.6.1 Brazil
  7.7.6.2 Argentina
  7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research