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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 chemical compounds used to weaken or prevent bonding between concrete and other construction materials. They are applied to surfaces prior to pouring concrete to facilitate the removal of hardened concrete. Bond breakers allow building materials to be separated without damage during repairs or renovations. Their use enables smoother concrete removal and minimizes surface damage.
Market key trends:
Bond breakers are increasingly being used with rising infrastructural development projects across both residential and commercial sectors. Mega construction activities in emerging nations of Asia Pacific and Middle East are fueling the demand. Bond breakers enable seamless concrete cutting and removal during infrastructure maintenance, expansion or redevelopment works. They play a vital role in smooth reconstruction processes. Further, stringent environmental regulations requiring minimum surface damage during repairs and renovations are augmenting the market growth of these chemical compounds.
Porter’s Analysis
Threat of new entrants: The Global Bond Breaker Market requires high R&D and manufacturing costs to produce specialized products, acting as a deterrent for new players. However, the high growth prospects attract new small players internationally.
Bargaining power of buyers: The presence of many established bond breaker manufacturers globally has led to intense competition among them, allowing buyers to bargain for better prices and volumes.
Bargaining power of suppliers: Raw material requirements are high and suppliers have established relationships with key manufacturers, giving them moderate bargaining power.
Threat of new substitutes: No close substitutes currently exist for bond breakers. However, advances in material engineering may lead to new substitutes over the long term.
Competitive rivalry: The bond breaker market is highly concentrated with top players competing on quality, application range and geographic presence leading to high rivalry.
SWOT Analysis
Strength: Sika AG and BASF SE have extensive global networks and wide product portfolios that set them apart from regional players.
Weakness: Compliance with varied environmental regulations across regions involves high cost for all companies. Smaller players have limited resources for R&D.
Opportunity: Growing construction projects in Asia Pacific and infrastructure investments worldwide open up new markets. Advancements in material science may lead to niche product development.
Threats: Stringent environmental norms could impact raw material sourcing. Economic slowdowns can negatively impact construction spending affecting demand.
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 worldwide. The bond breaker market size for 2023 is US$ 1.29 Bn.
Regional analysis: The Asia Pacific bond breaker market is projected to be the fastest growing region due to high ongoing infrastructure expansion projects in India, China and other developing nations. Western Europe and North America currently dominate market share due to high construction activity and strong presence of key manufacturers.
Key players: Key players operating in the bond breaker market incorporate 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 and BASF SE enjoy leading positions owing to their integrated services and global footprint.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
