Sika Strengthens Its Portfolio with Kwik Bond Polymers Acquisition

Vantage Market Research

May 23, 2024

According to analysts at Vantage Market Research, the Polymer Concrete market is anticipated to achieve USD 1260 Billion by 2032 with a CAGR of 7.2%. In a move that highlights the growing importance of concrete refurbishment, Sika has recently acquired Kwik Bond Polymers, LLC (KBP), a leading manufacturer of polymer systems for the refurbishment of concrete infrastructure. For over 30 years, KBP has specialized in providing polymer-based solutions for bridge decks and other concrete infrastructure projects, establishing an impressive record of high-profile projects across the United States.

KBP brings with it a proven product range that offers long-lasting protection to bridge decks and other critical infrastructure. These solutions are particularly valuable in extending the lifespan of construction projects, contributing to a reduction in the overall carbon footprint of the construction industry. With its headquarters and production facilities near San Francisco, California, and additional production and warehousing near Pittsburgh, Pennsylvania, KBP's strategic locations are set to bolster Sika's ability to efficiently serve customers across the United States.

The U.S. infrastructure sector is currently facing significant challenges due to years of under-investment and inadequate maintenance. In 2022, the government approved a USD 1.2 trillion infrastructure bill, which will fund critical infrastructure upgrades over the next decade. A substantial portion of this funding is expected to go toward bridge deck refurbishment and other related projects. With KBP's expertise and products, Sika is poised to offer a comprehensive range of durable solutions to support these essential projects.

Mike Campion, Regional Manager Americas at Sika, commented on the acquisition, stating, “Kwik Bond is a perfect complement to Sika's current infrastructure focus and product portfolio. Their well-recognized expertise in the USA, and their impressive track record of long-lasting refurbishment projects, fit Sika's culture perfectly. By preserving and extending the service life of our concrete infrastructure, we deliver outstanding customer value and significant sustainability benefits to the construction industry. We warmly welcome all the Kwik Bond employees to our Sika team.”

With access to KBP's complementary product range, Sika's customers will benefit from a broader portfolio of solutions for critical infrastructure projects. This acquisition further solidifies Sika's commitment to sustainability and innovation in the concrete refurbishment sector. As the construction industry faces increasing pressure to reduce carbon emissions, polymer-based solutions that extend the life of existing structures will play a crucial role in meeting these goals.

Polymer Concrete Market Size, Share & Trends Analysis Report by Class (Polymer Modified Concrete, Polymer Resin Concrete, Polymer Impregnated Concrete) by Type (Epoxy, Latex, Acrylate, Polyester, Vinyl, Furan, Others (Phenolic-Formaldehyde, Acetone-Formaldehyde, Carbamide)) by Application (Containments, Pump Bases, Waste Containers, Flooring Blocks, Trench Drains, Others (Park Benches & Outdoor Furniture, Solid Surface Counter and Overlays)) by End Use Industry (Residential, Non-Residential, Infrastructure) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2018 - 2023) & Forecast (2024 - 2032)