Concrete Bonding Agent Market Size (2024 - 2029)

The concrete bonding agents market is anticipated to experience significant growth over the forecast period, driven by increasing applications in the building and construction sector. Despite a temporary decline in demand due to COVID-19-related disruptions, the market is expected to expand steadily, supported by the global construction industry's recovery. The market's potential is further enhanced by opportunities in repairing, flooring, ornamental, and maritime applications. The Asia-Pacific region leads in market consumption, with substantial activity in China, India, and Japan. However, the market's growth may be impeded by a lack of consumer awareness.

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Market Size of Concrete Bonding Agent Industry

Concrete Bonding Agent Market Summary
Study Period 2019-2029
Base Year For Estimation 2023
CAGR (2024 - 2029) 6.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Concrete Bonding Agent Market Major Players

*Disclaimer: Major Players sorted in no particular order

Concrete Bonding Agent Market Analysis

The Concrete Bonding Agent Market size is estimated at 5.17 Million tons in 2024, and is expected to reach 7 Million tons by 2029, growing at a CAGR of greater than 6% during the forecast period (2024-2029).

  • Due to COVID-19, building renovation and construction activities were halted, decreasing the demand for bonding agents for repairing, flooring, decorative, and a few other applications. However, the market was projected to grow steadily in the forecast period due to global construction sector growth.
  • Over the short term, the growing application in building and construction is driving the market growth. However, a lack of awareness among consumers is expected to hinder the market's growth.
  • Nevertheless, the market for concrete bonding agents has a bright future, with prospects in repairing, flooring, ornamental, and maritime applications. The Asia-Pacific region dominates the global market, with the largest consumption registered in China, India, and Japan.

Concrete Bonding Agent Industry Segmentation

Bonding agents are natural, compounded, or synthetic materials used to enhance the joining of individual members of a structure without employing mechanical fasteners. Concrete bonding agents are often used in repair applications such as bonding fresh concrete, sprayed concrete, or sand/cement repair mortar to hardened concrete.

The concrete bonding agent market is segmented by bonding agent type, application, end-user industry, and geography. By bonding agent type, the market is segmented into cementitious latex-based and epoxy-based. By application, the market is segmented into repairing, flooring, decorative, and other applications (waterproofing, etc.). By end-user industry, the market is segmented into residential and non-residential. The report also covers the market size and forecasts for the concrete bonding agent market in 15 countries across major regions. 

For each segment, the market sizing and forecasts have been done on the basis of volume (tons).

Bonding Agent Type
Cementitious Latex-based
Epoxy-based
Application
Repairing
Flooring
Decorative
Other Applications (waterproofing, etc)
End-user Industry
Residential
Non-residential
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Concrete Bonding Agent Market Size Summary

The concrete bonding agents market is poised for significant growth over the forecast period, driven by the expanding construction activities globally. The market, which experienced a temporary setback due to the COVID-19 pandemic, is expected to recover and grow steadily, supported by the resurgence of the construction sector. The demand for concrete bonding agents is primarily fueled by their applications in building and construction, including repairing, flooring, and decorative purposes. Despite challenges such as a lack of consumer awareness, the market's prospects remain strong, particularly in the Asia-Pacific region, where countries like China, India, and Japan are witnessing robust construction activities. The region's dominance is further bolstered by the presence of major producers and significant infrastructure investments.

The construction industry in the Asia-Pacific region, the largest globally, is a key driver of the concrete bonding agents market. The region's growth is supported by substantial infrastructure projects and the development of complex structures, particularly in China and India. Government initiatives and investments in smart cities and infrastructure development are expected to further boost demand. The market is characterized by a partially fragmented nature, with major players like Fosroc Inc., Sika AG, and MAPEI Corporation holding significant market shares. Strategic acquisitions, such as Sika Group's acquisition of MBCC Group, are enhancing the capabilities and market presence of these companies, contributing to the overall growth and transformation of the concrete bonding agents sector.

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Concrete Bonding Agent Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Application in the Building and Construction Sector

      2. 1.1.2 High Compatibility of Concrete Bonding Agent with Portland Cement and Other Hydraulic Cements

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Dearth of Awareness among the Consumers

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Bonding Agent Type

      1. 2.1.1 Cementitious Latex-based

      2. 2.1.2 Epoxy-based

    2. 2.2 Application

      1. 2.2.1 Repairing

      2. 2.2.2 Flooring

      3. 2.2.3 Decorative

      4. 2.2.4 Other Applications (waterproofing, etc)

    3. 2.3 End-user Industry

      1. 2.3.1 Residential

      2. 2.3.2 Non-residential

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 France

        4. 2.4.3.4 Italy

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

Concrete Bonding Agent Market Size FAQs

The Concrete Bonding Agent Market size is expected to reach 5.17 million tons in 2024 and grow at a CAGR of greater than 6% to reach 7 million tons by 2029.

In 2024, the Concrete Bonding Agent Market size is expected to reach 5.17 million tons.

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