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The global 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 chemical compounds that are used to eliminate existing bonds within concrete, mortar and other construction materials. They help weaken or destroy chemically set bonds between cement and aggregate. Bond breakers find extensive application in construction works, where it helps in saw cutting, breaking or cutting of hardened concrete structures.
Market key trends:
One of the major trend in the bond breaker market is increasing adoption of digitization and IoT. With construction projects increasingly leveraging IoT and digitalization, it allows real-time monitoring of concrete cracks and breaks. IoT sensors integrated with bond breakers allows collection of usage and performance data. This data is further analyzed using analytics to optimize construction processes, reduce material wastage and improve safety. It is also helping vendors customize their bond breaker offerings basis end-user requirements.
Segment Analysis
The Global Bond Breaker Market is segmented by product type, material, end use industry, and region. Based on product type, the market is categorized into mechanical bond breakers and chemical bond breakers. Chemical bond breakers dominated the market with around 60% share in 2023 due to wide range of applications in construction activities. Chemical bond breakers such as epoxy, polyurethane, and acrylic-based sealants are moisture curing and provide durable bonds.
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 construction activities across developing nations.
Regional analysis:
Regionally, Asia Pacific dominated the global market with around 35% share in 2023 due to rapid infrastructural development and growing construction sector in countries such as China and India. North America is expected to witness fastest growth during the forecast period owing to increasing repair & renovation activities in the region.
Key players analysis:
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 accounts for around 20% share of the global market due to wide range of bond breaker product portfolio.
The global bond breaker market size is expected to reach US$ 2.21 Bn by 2030, expanding at a CAGR of 7.5% during the forecast period. Increasing construction projects in emerging economies of Asia Pacific and Middle East & Africa will drive the market growth.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
