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Concrete Bonding Agents Market Trends

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

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Concrete Bonding Agents Market Trends

Manufacturers are increasingly focusing on developing bonding agents that not only enhance the performance of concrete structures but also align with the industry's growing emphasis on eco-friendly practices. This shift is driven by regulatory pressures and the construction sector's recognition of the importance of reducing environmental impact. Additionally, the market is witnessing a rise in the adoption of advanced technologies in bonding agent formulations, leading to improved bonding strength and durability. Integration of nanotechnology and the development of high-performance additives are contributing to enhanced concrete adhesion and overall structural integrity. Moreover, the trend towards customized bonding solutions to meet specific project requirements is gaining traction, with companies like Sika AG and BASF SE investing in research and development to offer tailored products for diverse construction applications.

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.