The global Bond Breaker Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Bond breakers are materials used in construction to prevent adhesion between surfaces and promote easy separation. They are commonly used in concrete construction to prevent bonding between freshly poured concrete and adjoining surfaces such as formwork, expansion joints, and reinforcement bars. Bond breakers provide advantages such as ease of removal, reducing the risk of damage to the concrete surface, and ensuring proper expansion and contraction of concrete structures. The need for bond breakers is associated with the increasing construction activities globally, especially in regions such as Asia Pacific and the Middle East.
Market Key Trends:
A key trend in the bond breaker market is the growing adoption of sustainable and eco-friendly products. With the increasing focus on environmental conservation, construction industry players are shifting towards greener alternatives. Eco-friendly bond breakers not only offer the required functionality but also contribute to reducing the carbon footprint of construction projects. Manufacturers are developing bio-based bond breakers that are free from harmful chemicals and provide effective bonding prevention. This trend is driven by regulatory policies promoting sustainable construction practices and the growing awareness among construction professionals about the environmental impact of their projects. As a result, the demand for sustainable bond breakers is expected to witness significant growth over the forecast period.
PEST Analysis:
Political: There are no major political factors that directly impact the bond breaker market. However, government regulations concerning construction safety and environmental impact may indirectly influence the market.
Economic: The bond breaker market is expected to witness high growth during the forecast period, primarily due to the booming construction industry globally. Increasing urbanization, infrastructural development projects, and rising commercial construction activities are driving the demand for bond breakers.
Social: The growing awareness about the benefits of using bond breakers in construction projects is a major social factor affecting the market. Bond breakers help in preventing the adhesion of freshly poured concrete to the adjacent surfaces, resulting in better quality and efficiency in construction.
Technological: The technological advancements in the manufacturing of bond breakers have significantly improved their performance and durability. The development of eco-friendly and biodegradable bond breakers is also a noteworthy technological trend in the market.
Key Takeaways:
Market size: The Global Bond Breaker Market Size is expected to witness high growth, exhibiting a CAGR of 7.5% over the forecast period. This growth can be attributed to the increasing demand for bond breakers in the construction industry, especially in developing regions where infrastructural development is at its peak.
Regional analysis: Asia Pacific is projected to be the fastest-growing and dominating region in the bond breaker market. The rapid urbanization, increasing population, and infrastructure development initiatives in countries like China and India are driving the demand for bond breakers in the region.
Key players: The key players operating 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 companies are actively focusing on product innovation, expanding their distribution network, and strategic collaborations to gain a competitive edge in the market.
