Concrete Bonding Agents

Concrete Bonding Agents Market- Insights,
Opportunity Analysis, and Industry Forecast till 2025
Concrete bonding agents are bonding materials used to bond a new concrete
structure with the existing or hardened concrete structure. Concrete bonding agents
are used on existing concrete structures to maintain the strength and integrity of the
old surface. The cementitious-based latex agents market segment dominated the
market of concrete boding agents in 2016, according to the stats provided by
Coherent Market Insights. Cementitious-based latex agents is gaining traction over
epoxy-based agents due to relatively low cost. Furthermore, cementitious
latex-based agents comprise many polymeric resins such as styrene butadiene
rubber (SBR), acrylics, and polyvinyl acetate (PVA), which helps in enhancing the
durability and flexibility of the concrete overlay and thus, provides substantial
adhesion properties to the existing concrete structure. This in turn, is fueling growth
of the global concrete bonding agents market, a trend that is expected to sustain
over the forecast period.
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Repairing was the largest application segment in the global concrete bonding agents
market in 2016 and is expected to retain its dominance throughout the forecast
period. Currently, there is a significant need for repair and restoration activities for
enhancing the quality of roads, bridges, parking areas, and old infrastructure to
maintain the strength and integrity of the old constructed surface. This is a key and
highly lucrative growth area for manufacturers of concrete bonding agents to
capitalize upon and increase revenue gains. Thus, various players in the market are
focusing on R&D activities to deploy various concrete bonding agents for repairing
applications. Also, other emerging applications such as flooring and decorative are
also gaining traction and spurring growth of the global concrete bonding agents
market. Concrete bonding agents are highly preferred for flooring application due to
their high bond strength and flexibility. They are also very helpful in increasing
compressive, flexural and tensile strength of cementitious systems.
The global concrete bonding agents market was valued at US$ 2,773.5 million and
4,287.7 kilo tons in 2016 and is estimated to expand at a CAGR of 7.3% in terms of
revenue and 5.6% in terms of volume during 2018 – 2025.
The decorative segment has emerged as the fastest growing application area
for concrete bonding agents
Decorative segment is estimated to be the fastest-growing application in the global
concrete bonding agents market over the forecast period and is expected to witness
fastest growth over the following decade. The growing need for well-furnished
homes, highly luxurious residential apartments due to growing urbanization and
rising disposable income of the people in Asia-Pacific and Latin America is a key
factor fueling growth of the decorative application segment in the global concrete
bonding agents market.
Regional Insights
Asia Pacific, followed by North America and Europe, respectively accounted for
major share in the global concrete bonding agents market both in terms of revenue
and volume in 2016 and the trend is estimated to remain the same over the forecast
period. In 2016, Asia Pacific held a market share of 50.3% in terms of value in the
global concrete bonding agents market. Demand for repairing, flooring, and
decorative activities in Asia Pacific is gaining unparalleled traction due to the
flourishing building & construction sector and the region emerging as a major
economic hub has led to increasing development of commercial and industrial
buildings. This in turn has positioned Asia Pacific as the growth engine for the global
concrete bonding agents market over the forecast period. According to a study
conducted by Coherent Market Insights, the Asia Pacific region is expanding at a
CAGR of 8.1% in the global concrete bonding agents market during the forecast
period. Growing urbanization and increasing construction activities especially in
emerging economies of India and China is a major factor fueling demand for
effective repairing works, flooring and decorative activities, subsequently fueling
growth of the concrete bonding agents market in the region. For instance, as per
statistics released by India Brand Equity Foundation (IBEF)—a Trust established by
the Department of Commerce, Ministry of Commerce and Industry, Government of
India—the Indian government plans to invest US$ 376.53 billion in infrastructure
development over the following three years.
Multinational players
Major players in the global concrete bonding agents market include Sika AG, Fosroc
International Ltd., BASF SE, Saint-Gobain Weber S.A., Mapei S.p.A., Dow
Construction Chemicals, Lafarge Holcim, The Euclid Chemical Company, GCP
Applied Technologies Inc, Dow Corning Corporation, and The Quikrete Companies,
Inc.
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Concrete bonding agents are bonding materials used to bond a new concrete structure with the existing or hardened concrete structure. Concrete bonding agents are used on existing concrete structures to maintain the strength and integrity of the old surface.

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