CONCRETE BONDING AGENTS MARKET ANALYSIS

Market Challenges And Opportunities

Repairing was the largest application segment in the global concrete bonding agents market in 2022 and is expected to retain its dominance throughout the forecast period. Currently, there is a significant 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. This is a key and highly lucrative growth area for manufacturers of concrete bonding agents to capitalize upon and increase revenue gains. Thus, various players in the market are focusing on R&D activities to deploy various concrete bonding agents for repairing applications. Also, other emerging applications such as flooring and decorative are gaining traction and spurring the growth of the global concrete bonding agents market. Concrete bonding agents are highly preferred for flooring applications due to their high bond strength and flexibility. They are also very helpful in increasing the compressive, flexural, and tensile strength of cementitious systems.

Figure 1. Global Concrete Bonding Agents Market, By Application

Decorative segment is expected to be the fastest-growing application area in the concrete bonding agents market

Among application, decorative segment is expected to witness the fastest growth in the global concrete bonding agents market over the forecast period and is expected to witness the fastest growth over the following decade. Growing urbanization and rising disposable income of people in Asia Pacific and Latin America regions leading to a growing need for well-furnished homes and luxurious residential apartments is one of the major factors driving the growth of the segment in the global concrete bonding agents market.

• Insufficient execution and a lack of knowledge about the raw materials to use for repairs