Bond Breaker Market

Bond Breaker Market Is Estimated To Witness High Growth Owing To Growing Construction Industry

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The bond breaker market is estimated to be valued at US$ 1.29 Bn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Bond breakers are construction chemicals used to inhibit the bond between concrete and construction surfaces. They are applied on surfaces where bonding is undesirable such as existing concrete, steel, and other surfaces that need to be separated after concrete placement. Bond breakers find widespread applications in construction of buildings, bridges, roads, and other infrastructure projects. Growth of the global construction industry is the primary factor fueling demand for bond breakers.

Market Dynamics:

Rising infrastructural developments across both developed and developing regions is a key driver promoting growth of the bond breaker market. Government investments towards development of roads, bridges, and buildings is supporting construction activities worldwide. Moreover, rapid urbanization has necessitated expansion of infrastructure and erected residential and commercial buildings, thereby driving the need for bond breakers in construction applications. Additionally, increasing renovations and repair activities of existing structures also contribute to market growth. However, availability of substitutes such as membrane curing compounds and moisture barriers pose a challenge for market players. Ongoing research towards development of eco-friendly and sustainable bond breakers could present lucrative opportunities over the forecast period.

SWOT Analysis for Bond Breaker Market

Strength: Bond breaker materials provide effective solutions for breaking bond between structure and substrate. Their advantages include high penetration, moisture resistance and durability. Bond breakers offer strong resistance against water and provide long lasting protection.

Weakness: Complex application process and requirement of qualified labor for proper application of bond breakers increase project costs. Certain bond breaker chemicals have compatibility issues with other materials.

Opportunity: Growing infrastructure development activities in emerging economies boost the demand for bond breakers in construction of roads, bridges and buildings. Rising repairs and redevelopment of old structures create opportunities.

Threats: Volatility in raw material prices pose threats. Environmental regulations regarding usage of certain chemicals may restrict the growth.

Key Takeaways

The Global Bond Breaker Market is expected to witness high growth, exhibiting CAGR of 7.5% over the forecast period, due to increasing infrastructure development activities across the globe. Rapid urbanization and growth of real estate sector drives the construction of buildings and roads which propels the bond breaker consumption.

Regional analysis: Asia Pacific region dominates the global bond breaker market with over 30% share due to massive infrastructure development programs in countries like China and India. The region is poised to maintain its leading position owing to ongoing construction activities. Western Europe and North America regions are also significant markets supported by rehabilitation and repair programs of existing structures.

Key players: Key players operating in the bond breaker market are Sika AG, BASF SE, Fosroc International Limited, Saint-Gobain Weber, The Euclid Chemical Company, Dayton Superior Corporation, WR Meadows, Specified Technologies Inc, TCC Materials and EMSEAL Joint Systems Ltd. Sika AG leads the market with wide product portfolio and global presence across major countries.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it