The concrete bonding agent market is anticipated to grow at a compound annual growth rate (CAGR) of 6.94% during the forecast period (2025-2030).
Concrete bonding agents are used to join the old or new concrete surfaces. They can be natural or synthetic materials. When a layer of fresh concrete is added over an existing or old concrete layer, it exists as two separate layers without any bond. To connect the two separate layers bonding agent must be introduced between the layers. The basic functions of the concrete bonding agent are it reduce the cracks formed in shrinkage, reduce the permeability of concrete, and improve adhesion between the layers of concrete. Further, the tensile, flexural, and bond strength of the concrete or mortar are increased.
The primary reason driving the concrete bonding agent market is the expansion of the infrastructure, building, and construction industry. And the relative increase in the repairing of flooring, and the decorative application of the concrete bonding agent.
In the year 2022, the construction spending in the United States was US$22,808,140 million and became US$24,260,341 million in 2023. This growth explains the dynamics of the industry. This increase in the demand for construction would not only increase employability but also the overall demand for raw materials in the sector. The usage of the concrete bonding agent is rising for the use of a bonding agent that helps the different concrete layers to behave like a single unit, thus increasing the strength and performance of the structure.
One of the structural challenges of building and construction lies in developing a structure that can withstand natural calamities like earthquakes, floods, and hurricanes. These structures must not collapse under any circumstances. The use of proper concrete bonding agents is not only for construction but also for repair and reinforcement after years of wear and damage. The use of a bonding agent helps the different concrete layers to behave like a single unit, thus increasing the strength and performance of the structure. With the upcoming innovative and solution-based application, the demand is very likely to increase.
One of the products, INTRALOK bonding agent, showed high solids, a water-based emulsion admixture suitable for modifying Portland cement compositions. It can be used as the bonding agent between new and hardened concrete. Cement mortars that are modified with INTRALOK are hard, tough, and durable, offering tensile, flexural, and impact strengths. Acryl-Binder concrete bonding agent by Nox-Crete Products Group works for the physical strength and bonding properties of all Portland cement-based mortars and concrete. As a polymer-modifying admixture, it provides a plasticizing effect which lowers the water/cement ratio, and cement hydration improves which resulting in improved flexural, compressive, and tensile strength.
There are a variety of bonding agents for applications. Some could have a greater degree of water resistance than others. The latex emulsions that are used in cementitious compositions are the oil-in-water type, and sometimes contain more than 50% water and are generally good in the cement/water system.
The growing development of infrastructure projects is the major reason for the demand for raw materials. According to the World Bank, transport infrastructure development is critical for the market growth of the region. Such as, rural roads in Sub-Saharan Africa and Tanzania, road quality improvements decreased the probability of migrating away from a rural location by 7.2% in several communities. In Mexico, the improvements in roads facilitate the specialization of localities. In addition, improved transport infrastructure translates into an increase in firms’ exports and employment within a country, leading to a significant impact on per capita consumption.
Additionally, the development multipliers are likely to generate growth in the consumption of various raw materials, the generation of employment, and improved supply-chain status in the overall economy. This development is only possible with the increased infrastructure spending and the proven track record for continuous overall improvement in the economy. The development of infrastructure also supports the growth of the interior or rural economy as the transportation of goods becomes easier.
The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as the ASEAN countries. India and China have having largest economies and populations for infrastructure development. According to the IBEF (India Brand Equity Foundation), the Indian interim budget 2024-25, allocated capital investment outlay for infrastructure has been increased by 11.1% US$133.86 billion. As per the Interim Budget 2023-24, a capital outlay of US$30.72 billion.
After the real estate turmoil of 2021, China remains the largest market for the growth and development of real estate. The new opportunity lies in policy decisions, such as new urban buildings being certified as green buildings by 2022. This includes public facilities such as schools, hospitals, museums, stadiums, affordable housing, and any single building over 20,000 square meters. The application of concrete bonding agents in the construction and building industry would increase in the region for robust growth.
| Report Metric | Details |
|---|---|
| Growth Rate | 6.94% |
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Segmentation | Bonding Agent Type, End-User Industry, Application, Geography |
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies |
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| Report Metric | Details |
| Growth Rate | CAGR of 6.94% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
|
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Concrete Bonding Agent Market |
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| Customization Scope | Free report customization with purchase |