Market Size of Concrete Bonding Agent Industry
| Study Period | 2019-2029 |
| Market Volume (2024) | 5.17 Million tons |
| Market Volume (2029) | 7 Million tons |
| CAGR (2024 - 2029) | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Concrete Bonding Agent Market Analysis
The Concrete Bonding Agent Market size is estimated at 5.17 Million tons in 2024, and is expected to reach 7 Million tons by 2029, growing at a CAGR of greater than 6% during the forecast period (2024-2029).
- Due to COVID-19, building renovation and construction activities were halted, decreasing the demand for bonding agents for repairing, flooring, decorative, and a few other applications. However, the market was projected to grow steadily in the forecast period due to global construction sector growth.
- Over the short term, the growing application in building and construction is driving the market growth. However, a lack of awareness among consumers is expected to hinder the market's growth.
- Nevertheless, the market for concrete bonding agents has a bright future, with prospects in repairing, flooring, ornamental, and maritime applications. The Asia-Pacific region dominates the global market, with the largest consumption registered in China, India, and Japan.
