Concrete Surface Retarders Market - By Raw Material (Organic Agents, Inorganic Agents), By Application (Residential Building, Commercial Building), By Product (Solvent-Based, Water-Based) & Global Forecast, 2023 – 2032

Concrete Surface Retarders Market Size

Concrete Surface Retarders Market size was valued at USD 60 Million in 2022 and is estimated to witness over 6% CAGR from 2023 to 2032, driven by increased commercial construction and infrastructure development projects.
 

The need for new homes and other non-residential buildings is expected to increase, which will be a key driving force. Concrete surface retarder is mainly used to delay the chemical setting process of fresh concrete without influencing the underlying cement's setting rate. Concrete surface retarders can be used to improve the design and finish of complicated buildings. Further, increased demand for modern architecture will foster the market demand.
 

COVID-19 Impact

The building industry has been ravaged by the COVID-19 outbreak. Construction businesses and employees are especially vulnerable to the sharp fall in economic activity brought on by the pandemic because the industry is sensitive to economic cycles. Lockdowns have had a wide range of effects on the construction industry depending on the location and project type, as well as the timing and strictness of confinement measures, depending on the severity of the public health crisis. However, in certain nations, construction work was considered vital such as timely building of hospitals and emergency rooms fueled market revenue.
 

Concrete Surface Retarders Market Trends

The use of concrete surface retarders in commercial construction, including in bridge decks, sidewalks, curbs, ramps, facade cladding and concrete segment joints, among other places. The growing employment rate coupled with the domestic expansion of existing companies is leading to a need for new office spaces. A rise in the number of commercial structures, including office buildings, shopping centers, airports, hospitals, and others is driving the industry growth.
 

Concrete Surface Retarders Market Analysis

Growing urban population, the desire for green buildings, the expansion of infrastructure, and industrialization is augmenting business demand. The concrete surface retarders market is anticipated to increase exponentially over the forecast period, as a result of new technologies being accepted in the infrastructure sector as a decorative finish and the expanding commercial sector.
 

The concrete surface retarders market size is expanding quickly because sustainable and green building construction ideas are becoming more popular. Further, the concept of smart city, which includes buildings with design, construction, and operation practises that employ sustainable materials in construction for a superior surface finish and a better aesthetic appeal is stimulating the industry demand. In addition, it is projected that rising demand from the residential and non-residential construction sectors will boost the market expansion. The market growth is due to the increasing demand for contemporary architecture with intricate structures.
 

Concrete surface retarders are simple to use and effective in a very short amount of time. The substance can be used to strengthen the bonds between waterproofing materials and to make surfaces with exposed aggregate. Rising product demand in applications such as precast concrete, slip-resistant surfaces, and decorative pavements is anticipating the concrete surface retarders market size. The products come in both water-based and solvent-based varieties. Due to their low health risks and environment-friendly water-based concrete surface retarders are projected to dominate the industry.
 

North America concrete surface retarders market is predicted to show tremendous growth through 2032, attributed to a significant increase in single-family housing and multi-family construction. The residential building is expected to be fueled by government initiatives and spending in Canada to create affordable housing for the lower classes through the Canada Mortgage and Housing Corporation (CMHC) and Affordable Housing Initiative (AHI) program. Regional demand is also slated to be further impacted by the New Building Canada Plan (NBCP), which supports building and construction projects to promote economic growth and employment creation.
 

Concrete Surface Retarders Market Share

Some of the leading companies operating in the concrete surface retarders market are:

• BASF SE
• CEMEX S.A.B de C.V
• Chryso S.A.S
• Conmix Ltd
• Euclid Chemical Company
• Fosroc International Ltd
• GCP Applied Technologies Inc
• Henkel AG & Co. KGaA
• Mapei S.p.A
• MC-Bauchemie Müller GmbH & Co. KG,
• MUHU (China) Construction Materials Co., Ltd
• Peramin AB
• Pidilite Industries Ltd
• RPM International Inc
• Sika AG
• Stellarchemical.com
• TCC Materials Teksam Ltd
   

The Euclid Chemical Company, and W. R. Grace & Co. These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products in the market.
 

Concrete Surface Retarders Industry News:

• In June 2018, The company SIKA AG installed production plant in Saudi Arabia for concrete admixtures to strengthen its foothold in the Middle East region.
   
• In May 2018, BASF opened its production plant in Myanmar. This is expected to serve the rising demand from industrial, residential, and commercial applications.
   

The concrete surface retarders market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million Litres and revenue in USD million from 2018 to 2032 for the following segments:

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Market, By Raw Material

• Organic
• Inorganic

Market, By Product type

• Water-based
• Solvent-based

Market, By Applications

• Commercial
• Residential
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Poland
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Thailand
  • Indonesia
• Latin America
  • Brazil
  • Argentina
• Middle East
  • UAE
  • South Africa
  • Saudi Arabia