Concrete Bonding Agents Market size is projected to reach USD 9 billion by the end of 2035, witnessing around 7% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of concrete bonding agents was USD 4 billion. 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.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~7% |
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Base Year Market Size (2022) |
~ USD 4 Billion |
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Forecast Year Market Size (2035) |
~ USD 9 Billion |
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Regional Scope |
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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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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 2035. 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.
Author Credits: Smruti Ranjan, Rajrani Baghel
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