Home > Chemicals & Materials > Advanced Materials > Functional Materials > Concrete Bonding Agents Market

Concrete Bonding Agents Market Size

Report ID: GMI8416
Published Date: Mar 2024
Report Format: PDF

Download Free Sample

Concrete Bonding Agents Market Size

Concrete Bonding Agents Market was valued at around USD 4.6 billion in 2023 and is anticipated to register a CAGR of over 8.2% between 2024 and 2032.

To get key market trends

Download Free Sample

The industry is witnessing significant growth due to the increasing demand for durable and high-performance construction materials. Key players such as Sika AG, BASF SE, and Fosroc International dominate the market by offering a diverse range of concrete bonding solutions. The construction industry's emphasis on enhancing structural integrity, reducing maintenance costs, and increasing the lifespan of concrete structures has fueled the adoption of bonding agents.

Concrete Bonding Agents Market Report Attributes
Report Attribute	Details
Base Year:	2023
Concrete Bonding Agents Market Size in 2023:	USD 4.6 billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	8.2%
2032 Value Projection:	USD 9 billion
Historical Data for:	2018 - 2023
No. of Pages:	300
Tables, Charts & Figures:	250
Segments covered:	Bonding Agent Type, Application, End use
Growth Drivers:	Infrastructure Development Repair and Renovation Activities Stringent Building Codes and Standards
Pitfalls & Challenges:	Cost Sensitivity Environmental Concerns

Learn more about the key segments shaping this market

Download Free Sample

Additionally, the growing trend towards infrastructure development and urbanization in emerging economies has contributed to the market expansion. Companies like MAPEI Corporation, LafargeHolcim, and GCP Applied Technologies are actively participating in research and development activities to introduce innovative products that meet the evolving needs of the construction sector. The market is characterized by intense competition, with players like Quikrete Companies, Bostik, and Saint-Gobain Weber strategically focusing on product differentiation and geographical expansion.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for concrete bonding agents reached USD 4.6 billion in revenue in 2023 and is set to expand at over 8.2% CAGR between 2024 and 2032 propelled by the surging demand for durable and high-performance construction materials.

Concrete bonding agents industry from the cementitious latex-base segment accounted for 67.6% revenue share in 2023 and is estimated to record substantial growth by 2032 attributed to its versatility and cost-effectiveness.

U.S. market for concrete bonding agents held 37.4 % revenue share in 2023 and is set to expand at a robust pace through 2032 driven by the consistent demand for advanced construction materials and the strong focus on infrastructure development.

Some of the leading firms engaged in the market are BASF SE, Fosroc International, GCP Applied Technologies, LafargeHolcim, MAPEI Corporation, and Sika AG.