The concrete bonding agents market provides strong adhesive properties to bond fresh concrete to old, cured concrete surfaces. These agents are available as cementitious agents or epoxy-based adhesives and are formulated to offer excellent binding strength along with moisture and weather resistance. The products primarily find usage for repairs and construction of industrial floors, overlays, parking structures, and precast elements. The market demand is driven by infrastructure development activities and growth of commercial real estate.

The Global Concrete Bonding Agents Market is estimated to be valued at US$ 2,773.5 Mn in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030.

Key players operating in the concrete bonding agents market are 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. Rising infrastructure development activities across developing nations and increasing renovations and repairs in developed regions are fueling the demand for concrete bonding agents. Furthermore, the growth of the real estate sector particularly in Asia Pacific is also contributing to the market growth.

Concrete bonding agents find widespread application in bonding freshly placed concrete to existing concrete surfaces and repairing cracks or joints in concrete structures. They facilitate quick repairs while ensuring high bond strength even under harsh weather conditions or moisture exposure. The products enhance the lifespan of structures by preventing loose concrete pieces from falling off. They aid in reducing noise levels from impact as well as preventing corrosion of reinforcing steel. With advances in concrete technology, manufacturers are offering eco-friendly, low VOC products along with enhanced workability and early strength gain features.

The key trends in the concrete bonding agents market include the development of crystalline admixtures and shotscrete bonding agents. Crystalline admixtures help seal hairline cracks and pores in concrete enabling long-term protection against water and chloride ion ingress. Shotscrete bonding agents are specifically formulated for sprayed concrete applications ensuring uniform bonding to both horizontal and vertical surfaces. Their rapid strength gain facilitates quick turnaround of construction projects.

Porter’s Analysis

Threat of new entrants: The concrete bonding agents market requires large capital investment in production facilities and R&D which makes the threat of new market entrants low.

Bargaining power of buyers: Numerous concrete bonding agent manufacturers globally makes buyers' bargaining power moderate.

Bargaining power of suppliers: Raw materials used in concrete bonding agents such as cement and resins are commoditized, making suppliers' bargaining power moderate.

Threat of new substitutes: Few product substitutes available makes the threat of substitutes low.

Competitive rivalry: The market dominated by few international players intensifies competitive rivalry.

Geographical Regions

North America currently holds the largest share of the global concrete bonding agents market in terms of value owing to rising industrial and infrastructure development activities in the region. Growth of the construction industry in developing economies of Asia Pacific is anticipated to drive fastest growth in demand for concrete bonding agents during the forecast period. Countries such as China and India are concentrating significant manufacturing and construction activities in this region, making it an important geographical region for concrete bonding agents market.