Concrete Bonding Agent Market Size Share and Industry Outlook to 2028

SKU: DM3227 | Last Updated On: Jan 04 2022 | No. of Pages: 180 | Available Formats

> Global Concrete Bonding Agent Market Expected to reach a high CAGR By 2028: DataM Intelligence

Global concrete bonding agent market is segmented By Agent (Cementitious Latex, Epoxy-based), By Application (Repairing, Flooring, Decorative, Marine), By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2021-2028

 

Market Overview

The global concrete bonding agent market is predicted to reach at a high CAGR of  6.4% during the forecast period (2021-2028).

The concrete bonding agent is a type of material formulated for bonding new concrete with an old one. It needs to be applied to the previously existing concrete to ensure successful adherence of the fresh concrete over it. Furthermore, this is required because cement within a concrete mix is without any natural bonding agents. Thus, when fresh concrete is applied onto an old mature layer of concrete, the two concrete won’t adhere to each other, thus will act as separate layers until a concrete bonding agent is added between them. Moreover, the main use of this material is in repairing, flooring, decorative applications, and others. Cementitious-based latex agents are gaining popularity over epoxy-based agents due to their relatively low cost. Moreover, cementitious latex-based agents comprise many polymeric resins such as styrene-butadiene rubber (SBR), acrylics, and polyvinyl acetate (PVA), which helps in improving the flexibility and durability of the concrete overlay and thus, provides substantial adhesion properties to the existing concrete structure. This, in turn, is propelling the growth of the global concrete bonding agents market.

Source: DataM Intelligence Analysis (2019)

Market Dynamics

There is a substantial growth in repairing old constructions as it is broadly used for repair and restoration applications. An increase in urbanization accompanied by rising in disposable income of the population has resulted in a surge in luxurious residential and commercial structures. Currently, there is a substantial 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.

Increase in the decorative interior for residential construction

Concrete bonding agent has numerous applications. However, there is an increase in the decorative interior for giving aesthetic and pleasing finishing for residential construction which is majorly driving the global market of concrete bonding agents. Moreover, the increase in living standards and income of the middle-class population in emerging countries spurs the demand for concrete bonding agents for decorative purposes. Concrete bonding agent finds various applications and above all it is easy to use, thus witnessing a robust demand. 

Strong industrial base in the construction industry

Other factors which contribute to the growth of the concrete bonding agent market are a strong industrial base in the construction industry, an increase in investments by foreign companies in the construction sector and repair in old builds. Cementitious latex based bonding agents are very cost-effective and hence their availability in a variety of formulations increase the demand in the global concrete bonding agents market. Furthermore, they are highly compatible with concrete admixtures.

COVID-19 Impact Analysis

COVID-19 has not severely impacted supplies of the concrete bonding market. Commercial construction (new buildings & refurbishments), infrastructure projects, and road construction and repair are industries that have witnessed a modest decline. Also, industrial manufacturing was highly impacted due to the COVID-19 outbreak. Residential construction had also struggled, especially interior projects. The work from home and social distancing has negatively impacted this industry.

Segment Analysis

Based on the application, the concrete bonding agent market has been classified into repairing, flooring, decorative and marine.

Repairing was the largest application segment in the global concrete bonding agent’s market 

Significant growth in the need of repairing old constructions as it is broadly used for repair and restoration applications is a key driver. Also, different country governments are focusing on investments for mending and re-establishing an existing structure rather than demolishing & building a new one. There is a significant need for repair and restoration activities for enhancing the quality of bridges, roads, parking areas, and old infrastructure to maintain the strength of the old constructed surface. Therefore, this is a key and highly lucrative growth area for manufacturers of concrete bonding agents to capitalize upon and increase revenue gains.

Source: DataM Intelligence Analysis (2019)

Based on the agent, the concrete bonding agent market has been classified into cementitious latex-based and epoxy based.

The variety of formulations of cementitious latex drives the growth

The cementitious latex based concrete bonding agent has the largest bonding agent due to the appreciable adhesion it imparts to new concrete when it adheres to the existing concrete. As compared to latex-based, epoxy-based concrete bonding agent provides superior strength and durable bonding to concrete, but as latex-based is low cost in nature, it dominates the global concrete bonding agents market followed by an epoxy-based bonding agent.  The concrete bonding agent is thoroughly applied using brush, broom, roller or spray. The concrete bonding agent is used on walls, ceilings, columns and other surfaces of buildings.

Geographical Analysis

Based on geography, the study analyzes the global concrete bonding agent market including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

Asia Pacific leads the global market throughout the forecast period

The Asia Pacific accounted for a major share in the global concrete bonding agents market both in terms of revenue and volume and the trend is estimated to remain the same over the forecast period. There is a growing demand for repairing, flooring, and decorative activities in the Asia Pacific which is gaining unparalleled traction due to the flourishing building & construction sector and the region emerging as a major economic hub has led to the increasing development of commercial and industrial buildings. It has positioned the Asia Pacific as the growth engine for the global concrete bonding agents market over the forecast period.

Moreover, growing urbanization and increasing construction activities especially in emerging economies of India and China are major factors fueling the demand for effective repairing works, flooring and decorative activities, subsequently augmenting the 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.

Competitive Landscape

The concrete bonding agent market is highly competitive, owing to the presence of big brands. The key concrete bonding agent market players which are contributing to the growth of the global 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.

Fosroc International Ltd

Overview:

Fosroc is a British manufacturer of specialized construction chemicals that cater to a range of sectors including commercial, industrial, residential, marine and infrastructure. Fosroc has offices and manufacturing locations across Europe, the Middle East, North and South Asia. They are further represented in other regions around the world through a distributor and licensee network. Fosroc employs over 1,700 employees worldwide.

Product Portfolio: The company's portfolio comprises concrete, sealants, adhesives, waterproofing, protective coatings, admixtures.

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  • Visualize the concrete bonding agent market segmentation composition by agent, application, and region, highlighting the critical commercial assets and players.
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The global concrete bonding agent market report would provide access to an approx. 51 market data table, 40 figures and 180 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
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Table of Contents

  1. Global Concrete Bonding Agent Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Global Concrete Bonding Agent Market – Market Definition and Overview

  3. Global Concrete Bonding Agent Market – Executive Summary

    1. Market Snippet by Agent
    2. Market Snippet by Application
    3. Market Snippet by Region
  4. Global Concrete Bonding Agent Market – Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Strong industrial base in construction industry
        2. Increase in the decorative interior for giving for residential construction
      2. Restraints
      3. Opportunity
      4. Impact Analysis
  5. Global Concrete Bonding Agent Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
    3. Value Chain Analysis
    4. PEST Analysis
    5. Pricing Analysis
    6. Regulatory Analysis
    7. Reimbursement Analysis
    8. Unmet Needs
    9. Patent Trends
  6. Global Concrete Bonding Agent Market – COVID-19 Analysis

    1. Analysis of Covid-19 on the Market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid Covid-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
    6. Conclusion 
  7. Global Concrete Bonding Agent Market – By Agent

    1. Introduction
    2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Agent Segment
    3. Market Attractiveness Index, By Agent Segment
      1. Cementitious Latex*
        1. Introduction
        2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
      2. Epoxy based
  8. Global Concrete Bonding Agent Market – By Application

    1. Introduction
    2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application Segment
    3. Market Attractiveness Index, By Application Segment
      1. Repairing*
        1. Introduction
        2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
      2. Flooring
      3. Decorative
      4. Marine
  9. Global Concrete Bonding Agent Market – By Region

    1. Introduction
    2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
    3. Market Attractiveness Index, By Region
    4. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Agent
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    5. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Agent
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    6. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Agent
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    7. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Agent
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    8. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Agent
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
  10. Global Concrete Bonding Agent Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11. Global Concrete Bonding Agent Market- Company Profiles

    1. Sika AG*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Fosroc International Ltd
    3. BASF SE
    4. Saint-Gobain Weber SA
    5. Mapei S.P.A
    6. Dow Construction Chemicals
    7. Lafarge Holcim
    8. The Euclid Chemical Company
    9. GCP Applied Technologies
    10. Dow Corning Corporation,
    11. The Quikrete Companies, Inc.(*LIST NOT EXHAUSTIVE)
  12. Global Concrete Bonding Agent Market – Premium Insights

  13. Global Concrete Bonding Agent Market – DataM Intelligence

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables

Table 1 Global Concrete Bonding Agent Market Value, By Agent, 2019, 2023 & 2028 (US$ Million)    
Table 2 Global Concrete Bonding Agent Market Value, By Application, 2019, 2023 & 2028 (US$ Million)    
Table 3 Global Concrete Bonding Agent Market Value, By Region, 2019, 2023 & 2028 (US$ Million)    
Table 4 North America Concrete Bonding Agent Market Value, By Agent, 2019, 2023 & 2028 (US$ Million)    
Table 5 North America Concrete Bonding Agent Market Value, By Application, 2019, 2023 & 2028 (US$ Million)    
Table 6 North America Concrete Bonding Agent Market Value, By Country, 2018-2028 (US$ Million)    
Table 7 South America Concrete Bonding Agent Market Value, By Agent, 2019, 2023 & 2028 (US$ Million)    
Table 8 South America Concrete Bonding Agent Market Value, By Application, 2019, 2023 & 2028 (US$ Million)    
Table 9 South America Concrete Bonding Agent Market Value, By Country, 2018-2028 (US$ Million)    
Table 10 Europe Concrete Bonding Agent Market Value, By Agent, 2019, 2023 & 2028 (US$ Million)    
Table 11 Europe Concrete Bonding Agent Market Value, By Application, 2019, 2023 & 2028 (US$ Million)    
Table 12 Europe Concrete Bonding Agent Market Value, By Country, 2018-2028 (US$ Million)    
Table 13 Asia Pacific Concrete Bonding Agent Market Value, By Agent, 2019, 2023 & 2028 (US$ Million)    
Table 14 Asia Pacific Concrete Bonding Agent Market Value, By Application, 2019, 2023 & 2028 (US$ Million)    
Table 15 Asia Pacific Concrete Bonding Agent Market Value, By Country, 2019, 2023 & 2028 (US$ Million)
Table 16 The Middle East & Africa Concrete Bonding Agent Market Value, By Agent, 2019, 2023 & 2028 (US$ Million)    
Table 17 The Middle East & Africa Concrete Bonding Agent Market Value, By Application, 2019, 2023 & 2028 (US$ Million)    
Table 18 The Middle East & Africa Concrete Bonding Agent Market Value, By Country, 2019, 2023 & 2028 (US$ Million)
Table 19 Sika AG: Overview    
Table 20 Sika AG: Product Portfolio    
Table 21 Sika AG: Key Developments    
Table 22 Fosroc International Ltd: Overview    
Table 23 Fosroc International Ltd: Product Portfolio    
Table 24 Fosroc International Ltd: Key Developments    
Table 25 BASF SE: Overview    
Table 26 BASF SE: Product Portfolio    
Table 27 BASF SE: Key Developments    
Table 28 Saint-Gobain Weber SA Overview    
Table 29 Saint-Gobain Weber SA: Product Portfolio    
Table 30 Saint-Gobain Weber SA: Key Developments    
Table 31 Mapei S.P.A: Overview    
Table 32 Mapei S.P.A: Product Portfolio    
Table 33 Mapei S.P.A: Key Developments    
Table 34 Dow Construction Chemicals: Overview    
Table 35 Dow Construction Chemicals: Product Portfolio    
Table 36 Dow Construction Chemicals: Key Developments    
Table 37 Lafarge Holcim: Overview    
Table 38 Lafarge Holcim: Product Portfolio    
Table 39 Lafarge Holcim: Key Developments    
Table 40 The Euclid Chemical Company: Overview    
Table 41 The Euclid Chemical Company: Product Portfolio    
Table 42 The Euclid Chemical Company: Key Developments    
Table 43 GCP Applied Technologies: Overview    
Table 44 GCP Applied Technologies: Product Portfolio    
Table 45 GCP Applied Technologies: Key Developments    
Table 46 Dow Corning Corporation: Overview    
Table 47 Dow Corning Corporation: Product Portfolio    
Table 48 Dow Corning Corporation: Key Developments    
Table 49 The Quikrete Companies, Inc.: Overview    
Table 50 The Quikrete Companies, Inc.: Product Portfolio    
Table 51 The Quikrete Companies, Inc.: Key Developments    

List of Figures
Figure 1 Global Concrete Bonding Agent Market Share, By Agent, 2019 & 2028 (%)
Figure 2 Global Concrete Bonding Agent Market Share, By Application, 2019 & 2028 (%)
Figure 3 Global Concrete Bonding Agent Market Share, By Type, 2019 & 2028 (%)
Figure 4 Global Concrete Bonding Agent Market Share, By Distribution Channel, 2019 & 2028 (%)
Figure 5 Global Concrete Bonding Agent Market Share, By Application, 2019 & 2028 (%)
Figure 6 Global Concrete Bonding Agent Market Share, By Region, 2019 & 2028 (%)
Figure 7 Global Concrete Bonding Agent Market Value, 2018-2028 (US$ Million)
Figure 8 Global Concrete Bonding Agent Market Y-o-Y Growth, By Agent, 2019-2028 (%)
Figure 9 Global Concrete Bonding Agent Market Y-o-Y Growth, By Region, 2019-2028 (%)
Figure 10 North America Concrete Bonding Agent Market Value, 2018-2028 (US$ Million)
Figure 11 North America Concrete Bonding Agent Market Share, By Agent, 2019 & 2028 (%)
Figure 12 North America Concrete Bonding Agent Market Share, By Application, 2019 & 2028 (%)
Figure 13 North America Concrete Bonding Agent Market Share, By Country, 2019 & 2028 (%)
Figure 14 South America Concrete Bonding Agent Market Value, 2018-2028 (US$ Million)
Figure 15 South America Concrete Bonding Agent Market Share, By Agent, 2019 & 2028 (%)
Figure 16 South America Concrete Bonding Agent Market Share, By Application, 2019 & 2028 (%)
Figure 17 South America Concrete Bonding Agent Market Share, By Country, 2019 & 2028 (%)
Figure 18 Europe Concrete Bonding Agent Market Value, 2018-2028 (US$ Million)
Figure 19 Europe Concrete Bonding Agent Market Share, By Agent, 2019 & 2028 (%)
Figure 20 Europe Concrete Bonding Agent Market Share, By Application, 2019 & 2028 (%)
Figure 21 Europe Concrete Bonding Agent Market Share, By Country, 2019 & 2028 (%)
Figure 22 Asia-Pacific Concrete Bonding Agent Market Value, 2018-2028 (US$ Million)
Figure 23 Asia-Pacific Concrete Bonding Agent Market Share, By Agent, 2019 & 2028 (%)
Figure 24 Asia-Pacific Concrete Bonding Agent Market Share, By Application, 2019 & 2028 (%)
Figure 25 Asia-Pacific Concrete Bonding Agent Market Share, By Country, 2019 & 2028 (%)
Figure 26 The Middle East & Africa Concrete Bonding Agent Market Value, 2018-2028 (US$ Million)
Figure 27 The Middle East & Africa Concrete Bonding Agent Market Share, By Distribution Channel, 2019 & 2028 (%)
Figure 28 The Middle East & Africa Concrete Bonding Agent Market Share, By Application, 2019 & 2028 (%)
Figure 29 The Middle East & Africa Concrete Bonding Agent Market Share, By Country, 2019 & 2028 (%)
Figure 30 Sika AG: Financials
Figure 31 Fosroc International Ltd: Financials
Figure 32 BASF SE: Financials
Figure 33 Saint-Gobain Weber SA: Financials
Figure 34 Mapei S.P.A: Financials
Figure 35 Dow Construction Chemicals: Financials
Figure 36 Lafarge Holcim: Financials
Figure 37 The Euclid Chemical Company: Financials
Figure 38 GCP Applied Technologies: Financials
Figure 39 Dow Corning Corporation: Financials
Figure 40 The Quikrete Companies, Inc.: Financials

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