Global Bond Breaker Market: Size And Share
The global Bond Breaker Market is estimated to be valued at US$ 1.29 Bn or Mn 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 sealants, coatings, or specialty compounds that are used in concrete construction to prevent bonding between concrete pour strips. They create a separation plane within or between concrete elements poured at different times. This prevents stresses from accumulating in the concrete.
Market key trends:
One of the key trends in the bond breaker market is the growing construction of roads and highways. Several countries are focusing on improving their infrastructure by expanding the road network. As bond breakers are used to separate different layers of concrete in construction of roads and highways, the increasing road construction activities are expected to drive the demand for bond breakers over the forecast period. governments worldwide are taking initiatives to develop better road connectivity which will require the use of bond breakers between layers of cement and concrete during construction.
Market key trends:
The Global Bond Breaker Market has been witnessing increasing demand from the construction industry driven by rapid urbanization and infrastructure development activities globally. Advancements in bond breaker technologies to enhance productivity and suitability for different applications have also boosted the market's growth. New product innovations featuring self-leveling and flexible properties for movement joints are gaining popularity in the market.
SWOT Analysis
Strengths: Efficiently separates fresh and hardened concrete for easy removal. Ensures a clean break when breaking bonds.
Weaknesses: Requires expertise for proper application. Some products have strong odors that can bother applicators.
Opportunities: Growing construction of roads, buildings, and bridges provides large growth opportunities. Expanding non-residential construction sector especially in developing nations as well.
Threats: Availability of cheaper substitute products especially in price-sensitive markets. Stringent environmental regulations regarding VOC emissions can increase compliance costs.
Key Takeaways
The global bond breaker market size was valued at US$ 1.29 Bn in 2023. The market is expected to grow at a CAGR of 7.5% during the forecast period due to rising infrastructure development projects globally.
Regional analysis: North America dominated the global market in 2023 with over 30% share. Presence of major players and strong construction industry is supporting growth. Asia Pacific is projected to be the fastest growing region during the forecast period with China, India, and Southeast Asian countries expected to significantly drive demand.
Key players: Key players in the bond breaker market include 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. These players are focusing on new product development and expansion strategies to gain higher market share.
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