BOND BREAKER MARKET ANALYSIS

Bond Breaker MarketSize and Trends

The bond breaker market size is expected to reach US$ 2,140 million by 2030, from US$ 1,290 million in 2023, exhibiting  a compound annual growth rate (CAGR) of 7.5% during the forecast period. Bond breakers are materials applied between concrete surfaces to prevent adhesion while allowing water drainage. They are majorly used in buildings and pavement construction. The growth is driven by increasing construction activities and infrastructure projects worldwide. By type, the cementitious bond breakers segment accounted for the largest market share of over 40% in 2022. Cementitious bond breakers are gaining traction due to their excellent bond breaking and waterproofing properties.

Bond Breaker Market Trends

• Shift towards liquid membranes: Increasing shift from sheet membranes to advanced liquid applied membranes that are seamless and easy to apply is a major market trend.
• Increasing mergers and acquisitions: Leading companies are focused on mergers and acquisitions to expand their product portfolio, thereby enter new regions and increase the market share. For instance, Sika has agreed to acquire Kreps LLC, a leading mortar manufacturer in Russia. The company offers a wide range of mortar products for interior and exterior finishing, complementing the existing portfolio and geographical footprint. The acquired business generates annual sales of CHF 15 million. The transaction is subject to clearance by the local anti-trust authorities.
• Rising adoption of spray applied systems: Spray applied bond breaker systems are gaining wider adoption due to their uniform coating, rapid curing and suitability for complex shapes.
• Growing use of eco-friendly materials: Due to stringent regulations, manufacturers are developing bio-based and Volatile Organic Compounds-Free bond breakers made from recycled materials.