Concrete Bonding Agents Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Concrete Bonding Agents Market in 2025 is estimated at USD 4.87 billion. The global Market size was valued at over USD 4.61 billion in 2024 and is expected to expand at a CAGR of over 7.1%, surpassing USD 11.25 billion revenue by 2037. Asia Pacific is forecast to secure USD 5.06 billion by 2037, fueled by growing urbanization and rising construction activity in China and India's emerging economies.
The growth of the sector could be dominated by growth in construction activities. For instance, it is anticipated that 3,500 new structures are expected to be added each day by construction workers by the year 2050 around the world. Hence, with this the market demand for concrete bonding agents is also set to grow.
Additionally, construction industries are aiming towards carrying out projects in the most sustainable manner. Hence, their demand for organic polymers is construction is growing in order to construct durable and resilient construction. Moreover, due to its higher interlayer bond strength than conventional, 3D printing construction, 3D printable polymer-modified concrete has recently gained a lot of research attention. Hence, all these factors is anticipated to influence the market expansion.
Concrete Bonding Agents Sector: Growth Drivers and Challenges
Growth Drivers
- Growth in the Number of Old Construction Structure: Old construction structure needs timely re-development in order to maintain its longevity. Also, the prevalence of building collapsing has grown in recent years. It is estimated that, about 8 buildings collapse every year in the world causing more than 300 deaths each year. Therefore, in order to strengthen and rehabilitate the surface of concrete which already exist the use of concrete bonding agents is growing.
- Surge in Demand for Decorative Interior: People have become greatly fascinated in decorating their residential interior. This is since, the purchasing power of consumer has grown which is why their tendency to invest on luxury is surging. As a result, with the growth in demand for interior decoration the market is also estimated to rise.
- Digital Advancement in Concrete Bonding: With the advancement in technology tracking the bond of concrete has become easy with the guidance of sensors and embedded microchips. These gadgets could provide real time information on the strength of concrete hence further keeping a close look on the overall health of the structure. Additionally, with the growing use of autonomous robots the need for labors is eliminated since robots could carry out the task of applying bonding more efficiently than humans.
Challenges
- High Price of Concrete Bonding Agents - Epoxy resins are substantially more expensive to purchase. This is due to the amount of money it cost to produce. Although the cost of the production gear and equipment is higher, these items often need more upkeep. The product based on epoxy is more expensive than alternatives owing to this. This component frequently limits market expansion. Furthermore, notwithstanding the fact that epoxy-based products deliver superior outcomes, customers frequently pick the less expensive option. For concrete bonding agents, these factors have emerged as their biggest consumption obstacle, which is limiting the market's expansion.
- Lack of Skilled Labors
- Lack of Awareness Regarding the Choice of Material
Concrete Bonding Agents Market: Key Insights
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
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Forecast Year |
2025-2037 |
|
CAGR |
7.1% |
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Base Year Market Size (2024) |
USD 4.61 billion |
|
Forecast Year Market Size (2037) |
USD 11.25 billion |
|
Regional Scope |
|
Concrete Bonding Agents Segmentation
Bonding Agent Type (Cementitious Latex-Based, Epoxy-Based)
The cementitious latex-based segment in the concrete bonding agents market is poised to garner a share of approximately 55% over the forecast period. Due to the significant adherence, it provides to fresh concrete when it attaches to old concrete, a cementitious latex-based concrete bonding agent is considered to be the greatest bonding agent. Epoxy-based concrete bonding agents deliver higher strength and long-lasting bonding to concrete as compared to latex-based ones, however, due to latex-based products' low cost, they currently hold the top two positions on the global market for concrete bonding agents. Building surfaces such as columns, walls, and ceilings all employ the concrete bonding agent.
Application (Repairing, Flooring, Decorative)
Concrete bonding agents market from the repairing segment is set to gather a share of about 50% over the projected period. A primary driver is a significant increase in the need for fixing historic buildings since they are widely employed in repair and restoration applications. Additionally, instead of dismantling and erecting a new structure, various national governments are concentrating their funds on repairing and re-establishing a structure that already exists. To retain the strength of the old-created surface, there is substantial demand for maintenance and restoration efforts to improve the structural integrity of bridges, roads, parking lots, and old infrastructure.
Our in-depth analysis of the global market includes the following segments:
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Bonding Agent Type |
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Application |
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End-User Industry |
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Vishnu Nair
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Concrete Bonding Agents Industry- Regional Synopsis
APAC Market Forecast
The concrete bonding agents market in Asia Pacific is anticipated to capture the highest share of about 45% over the forecast period. Growing urbanization and rising construction activity, particularly in China and India's emerging economies, are the primary drivers of the demand for efficient flooring, decorative work, and repair work, which in turn is boosting the region's market for concrete bonding agents. India had an about 498,179,070 urban population in 2021, up approximately 3% from 2020.
North American Market Analysis
The North America concrete bonding agents market is also poised to have significant growth by the end of 2037. Expanding infrastructure expenditures, robust expansion in sectors such as transportation, education, and healthcare, rapid construction of data centers and manufacturing facilities, and increased spending on commercial development are all fueling market demand in this region.
Companies Dominating the Concrete Bonding Agents Landscape
- Sika AG
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- BASF SE
- Henkel AG & Co. KGaA
- Ardex Group
- MAPEI S.p.A.
- Fosroc, Inc.
- Laticrete International, Inc.
- GCP Applied Technologies Inc.
- W.R. Meadows, Inc.
- Dayton Superior Corporation
Recent Developments
- Sika AG, the largest producer of adhesives and sealants for the building and automotive industries, has created a new polyurethane technology that it has introduced to the market under the Purform brand.
- To broaden its diverse waterproofing range under its Master Builders Solutions brand, BASF SE launches MasterSeal 730 UVS, a revolutionary waterproofing membrane, in Asia. MasterSeal 730 UVS is a pre-applied waterproofing membrane made of high-density polyethylene (HDPE) sheets that have been given a special pressure-sensitive adhesive and coating to provide good adhesion to concrete surfaces without the need for additional protective screed.
- Report ID: 5147
- Published Date: May 09, 2025
- Report Format: PDF, PPT
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