by The Concrete Bonding Agents Market is estimated to be valued at US$ 56.26 Bn in 2022 and is expected to exhibit a CAGR of 4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Concrete bonding agents are chemicals that are applied to existing concrete surfaces in order to achieve adhesion with the new layer of concrete, mortar or screed. These agents are important when fixing new concrete to existing structures like driveways, patios or pavements. They are available in liquid, powder or one-component form and provide durable adhesion between old and new concrete layers.
Market key trends:
One of the key trends driving growth in the concrete bonding agents market is the increasing demand for adhesive properties. Concrete Bonding Agents Demand form strong chemical bonds between existing and new concrete surfaces. This enhances adhesion and prevents delamination. The adhesive properties of concrete bonding agents make them suitable for repair and renovation of aging infrastructure like bridges and buildings. They are able to bind old and new concrete together firmly. The superior bonding capability is boosting the consumption of concrete bonding agents across repair, restoration and construction applications.
Market Dynamics:
- Rising construction activities and infrastructure development projects: Rapid urbanization and industrialization along with population growth have boosted infrastructure development activities globally. Mega construction projects for bridges, roads, railways, airports etc. involve extensive use of concrete bonding agents for jointing and repair works.
- Growth of remodeling and repair industry: The aging infrastructure and buildings require frequent repair, renovation and remodeling works which involves activities like crack repairing, overlaying floors, preparing surfaces etc. This drives the demand for concrete bonding agents from the remodeling and repair industry.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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