REPORT HIGHLIGHT
Concrete surface retarders market size was valued at USD 85.3 Million in 2022, expanding at a CAGR of 4.01% from 2023 to 2030.
Concrete surface retarders are chemical substances used for achieving an exposed aggregate concrete surface. The top layer of the concrete slab gets treated with these chemicals to delay its setting without damaging the rest of the depth of the concrete slab. Additionally, this underlying concrete allows it to continue curing normally while coating a layer of weaker cement paste that can be washed off, revealing the aggregates underneath. The result is a visually textured, appealing, and slip-resistant concrete surface.
Concrete Surface Retarders Market- Market Dynamics:
- The expansion of the construction industry is propelling the market demand.
- The concrete surface retarders demand is anticipated to increase in tandem with the expansion of the construction industry. As the world's urbanization and population are expected to increase significantly, thus driving the need for new commercial and residential buildings. Additionally, concrete surface retarders are used by various building developers to create an exposed concrete surface for practical and aesthetic purposes. The aesthetic applications include creating beautiful floors along with creating a beautiful exterior of a building. Moreover, making the surface resistant to non-slip is one of the practical applications. Exposed concrete surfaces are beneficial in various areas including patios, walkways, driveways, and pool decks. In line with this, in manufacturing facilities, a slip-resistant surface is also required. Thus, such factors boost the demand for the concrete surface retarders market. However, decreases in the effective depth of the slab and increases in the porosity of the concrete slab are disadvantages expected to restrain the market growth.
Concrete Surface Retarders Market- Key Insights:
- As per the analysis shared by our research analyst, the global concrete surface retarders market is estimated to grow annually at a CAGR of around 4.01% over the forecast period (2023-2030)
- The concrete surface retarders industry is projected to grow at a significant rate due to the growing expansion of the construction industry
- Based on product type segmentation, organic agents was predicted to show maximum market share
- Based on type segmentation, water-based was the leading type in 2022
- On the basis of region, Asia-Pacific was the leading revenue generator in 2022
Concrete Surface Retarders Market- Segmentation Analysis:
- The global concrete surface retarders market is segmented on the basis of product type, type, application, and region.
- The market is divided into two categories based on product type: inorganic agents and organic agents. The organic agents segment is likely to possess the market share over the forecast period. The segment is attributed owing to its naturally available chemicals including starch, lignosulphonates, and sugar. Additionally, these are also known as less hazardous and more environment-friendly to human health.
- The market is divided into two categories based on type: solvent-based and water-based. The water-based segment is likely to maintain its dominance in the market. These are easy to use; do not require expensive equipment for application & removal, and do not require strict supervision of workers working on the same. Additionally, there is no concern about acid residue from strong washing compounds.
- The market is divided into two categories based on application: commercial and residential. The commercial segment is accounted to maintain its largest revenue share. This is anticipated to the growing demand for a decorative building component including floors and facades. To achieve a slip-resistant surface in places commercial buildings also utilize concrete surface retarders such as walkways and driveways.
Concrete Surface Retarders Market- Geographical Insights:
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Concrete Surface Retarders Market- Competitive Landscape:
Market players have adopted key developmental strategies for business expansion to improve the product portfolio of the concrete surface retarders market. Additionally, the key players are engaged in mergers & acquisitions to strengthen their global presence and to cater to niche markets. Due to the increasing demand for durable concrete structures and aesthetically appealing, the global concrete surface retarders market is experiencing significant growth. Moreover, the market is witnessing by increasing investments in infrastructure projects, advancements in construction technologies, and a growing focus on sustainable building practices.
Recent Developments:
For instance, in May 2022, Sika AG opens a new concrete admixtures plant in Virginia. Additionally, the opening of the new facility is Sika's response to high demand in the region and guarantees optimized logistics, shorter transportation routes for raw materials and finished goods, and a reduction in CO2 emissions.
Key features of the study:
- This proposed research study on concrete surface retarders market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year.
- The report provides the client the latest up-to-date and trending insights about the concrete surface retarders market.
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for concrete surface retarders market.
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the concrete surface retarders market
- Impact of COVID-19 on concrete surface retarders market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on concrete surface retarders market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the concrete surface retarders market, we have also included competitive landscape and key innovator analysis for the concrete surface retarders market.
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants who will help users to understand their financial information and strategic initiatives of players operating in the concrete surface retarders market.
- In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The global concrete surface retarders market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL CONCRETE SURFACE RETARDERS MARKET KEY PLAYERS
- RussTech, Inc.
- Fosroc, Inc.
- The Euclid Chemical Company
- GCP Applied Technologies Inc.
- CEMEX S.A.B DE C.V.
- MAPEI S.p.A.
- Sika AG
- Parchem Construction Supplies
- TK Products Construction Coatings
- RPM International Inc.
- BASF SE
- W. R. Grace & Co.
GLOBALCONCRETE SURFACE RETARDERS MARKET, BY PRODUCT TYPE
- Inorganic Agents
- Organic Agents
GLOBAL CONCRETE SURFACE RETARDERS MARKET, BY TYPE
- Solvent Based
- Water Based
GLOBAL CONCRETE SURFACE RETARDERS MARKET, BY APPLICATION
GLOBAL CONCRETE SURFACE RETARDERS MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA