Concrete Bonding Agents Market Size, Growth and Future Outlook 2034
A concrete bonding agent is a special adhesive substance used to connect new concrete or plaster to old concrete surfaces. It helps improve the bond between old and new materials, preventing separation, cracking, and joint failure. These agents are important in repair and restoration projects where new concrete is added to existing structures, like resurfacing or patching. There are different types of concrete bonding agents, including latex-based, epoxy-based, and PVA, each with varying bonding strengths and methods for different projects.
According to SPER market research, ‘Global Concrete Bonding Agents Market Size- By Product, By Application, By End-User – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Concrete Bonding Agents Market is predicted to reach 11.97 billion by 2034 with a CAGR of 8.63%.
Drivers:
The market is influenced by key drivers and changing trends. The growing requirement for infrastructure development and urbanisation is a major element driving up demand for concrete repair and bonding agents. Sustainability is an important trend, with environmentally friendly bonding agents that lower emissions and energy usage becoming more popular. Innovation is also important, as new bonding agents with better adhesion and durability are being developed to improve construction efficiency. Additionally, the rising awareness of safety standards encourages the use of high-performance bonding agents. Overall, the concrete bonding agent market reflects urbanization, sustainability, innovation, and safety in the construction industry.
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Restraints:
Epoxy resins are significantly more expensive to buy. This is because to the high production cost. Although manufacturing gear and equipment are more expensive, they often require more maintenance. As a result, epoxy-based products are more expensive than alternative products. This component typically stifles market growth. Furthermore, despite the fact that epoxy-based products produce better results, buyers often choose the less expensive option. These reasons have emerged as the most significant consumption barriers for concrete bonding agents, inhibiting market expansion.
Asia Pacific concrete bonding agents led the global market, holding the largest share in 2024. This growth is due to the increasing use of these products for repair and restoration as more buildings need maintenance. The rising construction activity in developing countries like China, India, Japan, South Korea, and Australia is likely to boost the Asia-Pacific market further. Some of the key market players are BASF SE, Saint-Gobain Weber S.A, Dow, ChemCo Systems Inc, Flowcrete Group Ltd, Fosroc Inc, and others.
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Concrete Bonding Agents Market Growth
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