The global Concrete Bonding Agents Market is estimated to be valued at US$ 56.26 Bn in 2022 and is expected to exhibit a CAGR of 4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Concrete bonding agents are used in construction industry to join concrete surfaces together and fill gaps between concrete surfaces. They provide strong adhesion between fresh and hardened concrete thus improving overall strength and stability of structures.

Market key trends:

One of the key trends in concrete bonding agents market is the increasing demand for green building materials. With growing awareness about environment protection, construction industry is focusing on developing eco-friendly concrete adhesives made from natural and recycled materials. These green concrete bonding agents have lower VOC emissions and are sustainable alternatives to conventional cement-based adhesives. Their rising popularity is expected to drive the market growth during the forecast period.

Segment Analysis:

The global concrete bonding agents market is segmented by type into cementitious latex based agents and epoxy based agents. The cementitious latex based agents segment accounts for the major market share and is expected to continue its dominance over the forecast period. This is owing to the ability of cementitious latex based agents to enhance the bond strength of fresh concrete with hardened concrete substrates through the formation of a mechanical interlock between the surfaces.

Key Takeaways:

The Global Concrete Bonding Agents Market Size was valued at USD 56.26 billion in 2022. It is expected to witness high growth, exhibiting a CAGR of 4% over the forecast period of 2023-2030, due to increasing infrastructure development activities globally.

Regionally, the Asia Pacific region dominated the global market in 2022 and is estimated to continue dominating with the highest CAGR during the forecast period. This can be attributed to the rising construction activities in countries such as China and India.

Key players operating in the concrete bonding agents market are BASF SE, Fosroc International Ltd., Saint-Gobain Weber S.A., Mapei S.p.A., Sika AG, The Dow Chemical Company, GCP Applied Technologies Inc., DowDuPont Inc., LafargeHolcim and other regional players. These players are focusing on new product launches and expansion strategies to gain a competitive advantage in the market. For example, in 2022, BASF launched a new concrete bonding agent in India under the MasterEase range to address the specific needs of the concrete construction industry.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it