BOND BREAKER MARKET ANALYSIS

Market Challenges And Opportunities

Bond Breaker Market Drivers

• Increasing construction of roads and highways: Growing construction of highways, bridges, tunnels, and other transportation infrastructure is driving the demand for bond breakers. For instance , The U.S. plans to invest significantly in infrastructure, with President Biden signing the bipartisan $1.2 trillion Infrastructure Investment and Jobs Act into law on November 15, 2021. Additionally, the Biden administration estimates that three key pieces of legislation—the Inflation Reduction Act, CHIPS and Science Act, and Infrastructure Investment and Jobs Act—will eventually translate to roughly $3.5 trillion in funding over the next decade, including some $1 trillion from private businesses.
• Rapid urbanization in emerging economies: The rapid urbanization and population growth in emerging economies like India, China, and Brazil is leading to large-scale construction activities, thereby driving the bond breaker market. For instance, The Indian government plans to invest $1.5 trillion in the National Infrastructure Pipeline (NIP) scheme from the financial year 2020 to 2025.This investment is part of India's goal to achieve a $5 trillion economy by 2025.
• Growth of commercial real estate sector: The steady growth of the commercial real estate sector globally has resulted in increased construction of office spaces, hotels, hospitals, and others which is fueling the adoption of bond breakers.
• Rise in renovation activities: Growing renovation and restoration activities especially in developed regions like North America and Europe is augmenting the usage of bond breakers.

Bond Breaker Market Opportunities

• Usage in green buildings: Growing trend of green buildings can provide opportunities for eco-friendly bond breakers made from recycled materials and biodegradable additives. For instance, according to Goldman Sachs recent reports, the trend of green buildings is expected to continue growing in 2022, thus presenting significant opportunities for sustainable construction and development.
• Rising adoption in emerging markets: The developing markets in Asia Pacific, Latin America, and Middle East & Africa offer significant untapped opportunities due to rapid industrialization and urbanization. 
• Advancements in self-healing concrete: Innovation in self-healing concrete integrated with self-healing bond breakers can completely transform the market by improving efficiency and reducing maintenance costs.
• Growing investments in infrastructure: Increasing government and private investments in large-scale infrastructure projects globally create lucrative opportunities for bond breaker manufacturers. For instances, in November 2021, a groundbreaking investment in U.S. infrastructure was authorized by Congress, encompassing an extensive allocation of funds amounting to hundreds of billions of dollars for new expenditures.

Bond Breaker Market Restrain

• Volatility in raw material prices: Price fluctuations of key raw materials like bitumen, solvents, resins, and others adversely affects the production cost of bond breakers.
• Presence of alternatives: The market growth is somewhat hindered by the presence of alternative products such as joint fillers, joint sealants, and form release agents.

• Lack of standardization: The lack of universal standards for bond breaker testing and performance evaluation restricts the market growth.
• Limited awareness in emerging markets: Lower awareness regarding modern bond breaking solutions in developing regions hampers adoption.